UFC owner Endeavor hits $11.6bn valuation on stock market debut April 29, 2021 Talent agency group and UFC owner Endeavor has secured a valuation of $11.6bn (£8.3bn) after taking its second shot at floating on the stock market today. The company, which was founded by Hollywood mogul Ari Emanuel, opened at $27 on the New York Stock Exchange, 12.5 per cent its offer price of $24. Emanuel founded [...]
Gridserve: we visit London’s electric filling station of the future April 28, 2021 Described as the ‘world’s first electric forecourt’, Gridserve is an EV charging hub powered by sustainable energy. We discover how it works.
Microsoft sees continued demand for cloud services April 27, 2021 It was another stellar quarter for Microsoft as it continued to benefit from the pandemic-induced shift to the cloud. The tech heavyweight beat Wall Street expectations for quarterly revenue, rising 19 per cent to $41.7bn in the three months to March just ahead of analysts’ estimates of $41.03bn. Last quarter Microsoft reported a 17 per [...]
Google owner Alphabet beats revenue expectations as ad spend recovers April 27, 2021 Google’s parent company Alphabet beat Wall Street estimates for the first quarter amidst a recovery in digital ad spend. Revenue rose to $55.31bn in the first quarter from $41.16bn a year earlier, beating analyst estimates of $51.7bn according to Refinitiv data. Alphabet shares rose about five per cent to $2,405 in after-hours trading. Digital advertising [...]
Space race: Elon Musk and Jeff Bezos go head to head April 27, 2021 The space race between the world’s two richest men catapulted into hyperdrive today.
Oneweb raises $550m as French satellite firm Eutelsat takes major stake April 27, 2021 Oneweb today said it had raised $550m (£395m) in fresh funding from French satellite firm Eutelsat as the race to roll out space internet services gathers pace. Eutelsat, which is part owned by the French state, will take a stake of roughly 24 per cent in the British company and take on similar governance rights [...]
FTSE 100 weighed down by Aveva while Wall Street slips ahead of tech earnings April 27, 2021 The FTSE 100 closed in the red this afternoon despite a strong day of results for heavyweights BP and HSBC, while US stocks were muted ahead of bumper tech earnings. London’s blue-chip index closed down 0.26 per cent this afternoon as Aveva slumped nearly five per cent following its CEO’s exit. The drop was limited [...]
Ethiopia overhauls its education system with IOHK blockchain partnership April 27, 2021 Global blockchain specialist IOHK has partnered with the Ethiopian government to overhaul the nation's education system.
Trading at all hours: The portfolio implications April 27, 2021 Millions of retail investors opened up brokerage accounts this past year and many took to trading throughout the day as a way to pass the time, keep themselves entertained, and make a bit of money. So did all this trading actually help the average retail investor’s portfolio during the COVID-19–dominated months of 2020? Nighttime is [...]
Tesla seal of approval gives crypto recovery another boost April 27, 2021 "Bitcoin seems to have found its way back on course faster than a Canada goose with radar" is the market sentiment today.