SEOUL (Reuters) -Digital lender Kakao Bank Corp made a stellar debut on Friday, surging 75% from its IPO price to become South Korea’s biggest financial services firm by market value.The Kakao Bank app is seen on a mobile phone screen displayed in front of the South Korean digital lender’s website in this illustration picture taken […]
Z Energy benefited as plans to convert the Marsden Point oil refinery to an import terminal gained shareholder approval in Whangārei, while Briscoe shares hit an all-time high. But the refinery vote failed to move the local sharemarket as it continued to tread water before corporate earnings season, which begins next week. The S&P NZX […]
It has been a bumper financial year for fund managers, with strong inflows of money and solid market returns bolstering their fee revenue. As a result, their shareholders have enjoyed some record dividend payouts. Fisher Funds Management – which saw its funds under management grow from $9.5 billion to $13.2b in the March 31 year […]
Outsourcing giant Serco has seen its profits soar – bolstered by its controversial involvement in COVID-19 Test and Trace contracts and company takeovers. The London-listed firm said its operating profit increased by 31% to £116m for the six months to June. It comes after the company upgraded its profit guidance in June as it saw […]
Uber is recovering from the pandemic and the driver shortages that followed, the company said on Wednesday. The company’s revenue in the second quarter grew 105 percent from the same period last year, to $3.9 billion, slightly higher than analysts expected. Uber also recorded a rare profit of $1.1 billion, thanks to the initial public […]
LONDON — The Hut Group keeps growing its brand portfolio and has just added U.K.-based online beauty retailer Cult Beauty. The group bought the digital platform for 275 million pounds from private shareholders including co-chief executive officer Alexia Inge and majority investor Mark Quinn-Newall, who had also co-founded Net-a-porter. The appeal was Cult Beauty’s close-knit partnerships […]
SINGAPORE (BLOOMBERG) – BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia, in a bid to phase out the use of the worst man-made contributors to climate change. The world’s biggest asset manager is partnering with Citigroup, HSBC Holdings and the Asian Development Bank […]
SINGAPORE (BLOOMBERG) – BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia, in a bid to phase out the use of the worst man-made contributors to climate change. The world’s biggest asset manager is partnering with Citigroup, HSBC Holdings and the Asian Development Bank […]
A Frontier Airlines passenger assaulted three flight attendants, punching one and groping the breasts of two others, on a weekend flight from Philadelphia to Miami, prompting one crew member to tape him to his seat until the plane landed, the authorities said. Part of the altercation was caught on video by other passengers, who jeered […]
(Reuters) – Wall Street’s main indexes rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season. Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a […]