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Category: Enterprise


Enterprise, Industries

Deal for UBS to buy Credit Suisse sends shares tumbling

March 20, 2023

Via: ABC News

Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global […]


Enterprise, Industries

Apple stock price target raised at Wedbush on positive iPhone demand checks

March 8, 2023

Via: Investing.com

Wedbush analysts raised the price target on Apple (NASDAQ:AAPL) stock to $190 per share from $180 to reflect positive Asia checks on iPhone demand. They also reaffirmed the Outperform rating and Apple’s place on Webush’s Best Idea List. Asia checks […]


Enterprise, Industries

Drax: Subsidies for power giant questioned as annual profits soar

February 23, 2023

Via: Sky News

Gas prices reached record highs last year as Russia squeezed supplies to Europe in response to sanctions for its invasion of Ukraine, accelerating the shift away from fossil fuels and driving demand for renewables. But as earnings soared for Drax […]


Capital, Enterprise, Finance Tech, Industries

Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders

February 22, 2023

Via: The Wall Street Journal

Stellantis STLA -3.64% NV is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of shares after revenue and net profit surged in 2022, a year marked by a steep rise in […]


Enterprise, Industries

EDF’s nuclear power-producing UK entity reported £1.1bn profit

February 17, 2023

Via: Sky News

While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss of £21m the […]


Enterprise, Industries

Roku shares jump on promise of turning a profit

February 16, 2023

Via: Investing.com

Streaming device maker Roku (NASDAQ:ROKU) Inc is aiming to turn a profit in 2024 as it strives to drastically cut costs to ride out a weakness in the ad market, sending its shares up 12% in trading before the bell […]


Enterprise, Industries

Consumer goods giant Unilever expects price growth throughout 2023

February 9, 2023

Via: Sky News

As the cost of living crisis continues to harm household spending power, Unilever forecast a €1.5bn (£1.3bn) impact from inflation during the first half of its financial year. The company, which also includes brands such as Domestos and Hellmann’s in […]


Enterprise, Industries

Dominion Energy Announces Fourth-Quarter and Full-Year 2022 Earnings

February 8, 2023

Via: Markets Insider

Dominion Energy (NYSE: D) today announced unaudited net loss determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2022, of $42 million ($0.07 per share) compared with net income of $1.3 billion […]


Enterprise, Industries

Disney Plans to Cut 7,000 Jobs, $5.5 Billion in Costs

February 8, 2023

Via: The Wall Street Journal

Walt Disney Co. said it plans to cut 7,000 jobs and slash $5.5 billion in costs as part of a major corporate reorganization that gives more power to the company’s content executives and puts a greater emphasis on sports media […]


Enterprise, Industries

Staycation giant Parkdean plots £600m refinancing after shelving sale

February 7, 2023

Via: Sky News

Sky News understands that Parkdean Resorts has appointed bankers at Barclays and Bank of America to work on a deal ahead of hundreds of millions of pounds falling due for repayment in March 2024 and the following year. The attempt […]


Enterprise, Industries

Adani Group Plans $1.1 Billion Loan Repayment After Share Collateral Plummets

February 6, 2023

Via: The Wall Street Journal

The ports-to-energy conglomerate controlled by Indian billionaire Gautam Adani said its founders will prepay a $1.1 billion loan that was backed by shares of some of its companies, a move to shore up investor confidence after a rout in its […]


Enterprise, Industries

Shell announces record annual profits of £32.2bn after energy price surge

February 2, 2023

Via: Sky News

The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as Russia’s invasion of Ukraine led countries to […]


Capital, Enterprise, Finance Tech, Industries

Adani’s market losses top $100 billion as shelved share sale spooks investors

February 2, 2023

Via: Investing.com

Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about their potential systemic impact, a day after its flagship company abandoned a $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]


Enterprise, Industries

Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit

January 27, 2023

Via: The Wall Street Journal

Chevron Corp. CVX -2.42%decrease; red down pointing triangle banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices to multiyear highs, with its shares climbing 53% while other sectors tumbled. The U.S. oil […]


Enterprise, Industries

Microsoft Earnings Likely Slid Amid Economic Concerns

January 24, 2023

Via: The Wall Street Journal

Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software and cloud services. The Redmond, Wash., company’s revenue growth is expected to slow to less than 3% […]


Enterprise, Industries

Energy price surge prompts big earnings upgrade at British Gas owner Centrica

January 12, 2023

Via: Sky News

Shares surged to levels not seen since May 2019 following the company’s update. Centrica credited its electricity generation and gas production activities for the upgrade – as opposed to profitability at its household supply arm. The company said it now […]


Enterprise, Industries

Bayer shares gain on prospect of second activist pushing for change

January 11, 2023

Via: Investing.com

Bayer is facing demands from activist investor Bluebell Capital Partners to break up, a person familiar with the matter told Reuters, pushing shares in the diversified health and agriculture group to a five-week high. The source said Bluebell had invested […]


Enterprise, Industries

Virgin Orbit shares crash after failure of first UK space launch

January 10, 2023

Via: Sky News

Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when US markets opened on Tuesday morning, loosing more than 50 cent off the price of a share. The eagerly anticipated mission, […]


Enterprise, Industries

Tesla used car price bubble pops, weighs on new car demand

December 27, 2022

Via: Investing.com

Tesla (NASDAQ:TSLA) buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to someone with less patience. But the […]


Enterprise, Industries

Nike shares surge as inventory challenges start to abate, demand stays strong

December 21, 2022

Via: Investing.com

Nike Inc (NYSE:NKE)’s shares soared about 11% on Wednesday as investors shrugged off margin pressure at the sportswear giant and focused on the company’s efforts to fix its inventory problems that have plagued its business in recent quarters. At least […]