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Category: Enterprise


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 […]


Enterprise, Industries

Microsoft Takes Stake in London Stock Exchange

December 12, 2022

Via: The Wall Street Journal

Microsoft Corp. MSFT -0.80%decrease; red down pointing triangle will take a 4% stake in the London Stock Exchange’s LSEG 2.11%increase; green up pointing triangle corporate parent and provide cloud computer services for the financial markets company, in a deal that […]


Enterprise, Industries

Elon Musk sells $3.95 billion worth of Tesla stock

November 9, 2022

Via: ABC News

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to […]


Enterprise, Industries

Expert Ratings for Public Service Enterprise

August 3, 2022

Via: Markets Insider

Public Service Enterprise (NYSE:PEG) has observed the following analyst ratings within the last quarter. These 4 analysts have an average price target of $74.25 versus the current price of Public Service Enterprise at $65.37, implying upside. Below is a summary […]


Capital, Enterprise, Finance Tech, Industries

Twitter Didn’t Seek a Sale. Now Elon Musk Doesn’t Want to Buy. Cue Strange Legal Drama.

July 11, 2022

Via: The Wall Street Journal

Elon Musk’s showdown with Twitter Inc. has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history—a spurned acquisition target that never sought to be bought potentially trying to force the buyer who […]


Enterprise, Industries, Manufacturing

Lego is building a $1 billion factory in Virginia to capitalize on its fast-growing US fanbase

June 16, 2022

Via: Markets Insider

Lego Group plans to build a US factory in Chesterfield County, Virginia, to better supply one of its biggest markets. The $1 billion investment will create almost 1,800 jobs, the Danish company said. Sales for the world’s largest toy maker […]


Capital, Enterprise, Finance Tech, Industries

Twitter jumps more than 5% after Elon Musk puts up another $6.25 billion of his own wealth to fund the takeover deal

May 26, 2022

Via: Markets Insider

Twitter stocks rose more than 5% in premarket trading Thursday after Elon Musk fronted more of his own wealth to fund his $44 billion buyout offer. Musk will put up another $6.25 billion of equity for the deal, lifting the […]


Enterprise, Industries

Pfizer to pay $11.6 billion for Biohaven to tap migraine market

May 10, 2022

Via: Investing.com

Pfizer Inc (NYSE:PFE) said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co (NYSE:BHVN), making a big bet its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards […]


Enterprise, Industries

Alphabet and Microsoft look like gems in the rubble of the tech sector

April 28, 2022

Via: MoneyWeek

The tech-heavy Nasdaq index, which is frequently used as a benchmark for the tech sector, has crashed into a bear market. The index has fallen 22% from its record high close last November. However, as my colleague Max King points […]


Enterprise, Industries

Meta Earnings Eyed as Tech Stocks Plummet – Will Facebook Get the Netflix Treatment

April 27, 2022

Via: DailyFX

Meta Platforms (FB) stock prices have plummeted from their September 2021 highs, falling more than 50% from those levels, pressured by slowing growth in the business, privacy changes to Apple’s iOS, stronger competition, doubts about the metaverse venture and broad-based […]


Enterprise, Industries

Samsung Electronics Q1 profit tops market expectations on solid chip demand

April 7, 2022

Via: Investing.com

Samsung Electronics Co Ltd reported on Thursday an estimated 50% jump in quarterly operating earnings to post its highest first-quarter profit since 2018, beating expectations as solid demand underpinned prices for memory chips. Earnings at the world’s largest memory chip […]


Enterprise, Industries

Twitter shares take off as Elon Musk buys stake worth almost $3bn

April 4, 2022

Via: Sky News

A regulatory filing showed the tycoon had snapped up 73,486,938 Twitter shares. The stake is worth $2.89bn (£2.2bn), based on Twitter’s closing price on Friday. Musk is a frequent user of Twitter and has more than 80 million followers, but […]