(Deliveroo) Deliveroo reported a revenue of 1.824 billion pounds in FY21, up by 57% from the previous year. Despite the revenue increase, Deliveroo reported an adjusted EBITDA loss of 131.4…
(GameStop) GameStop announced a net loss of $147.5 million in the fourth quarter of 2021, an increase from a net income of $80.5 million in the prior year. For FY21,…
(Bloomberg) Robinhood Markets Inc. has initiated a plan to allow users on the platform to loan out their stocks to other financial entities. Dubbed the Stock Loan Income Program or…
(Axios) Shares of Kohl’s rose more than 16% on Wednesday after reports emerged that the company was a target of a buyout by departmental store Hudson’s Bay. The reports of…
(Xinhua) Shares Alibaba rose by 27%, while the Hang Seng Index added 13% on Wednesday as China said it will support its financial markets and introduce policies that benefit the…
(AMC) AMC Entertainment Holdings inc. is buying a 22% stake in Hycroft Mining Holding Corp. as it seeks to “lengthen its financial runway.” The investment by the world’s leading movie-theater…
(Markets Insider) Banking giant Goldman Sachs has downgraded S&P 500 target again to 4,700 from the previous 4,900, following a deteriorating outlook on Wall Street. Goldman attributes the lower target…
(Gruppo Tim) Shares of Telecom Italia rose up to 10% on Monday before retreating after announcing that it will go for a domestic broadband deal. The stock was boosted by…
(Volkswagen) Volkswagen has inked an e-mobility partnership with Ford that will see the latter use the German rival’s platform for its second electric vehicle for the European market. Under the…
(Bloomberg) Shares of e-commerce giant Alibaba Group fell more than 10% on Monday as investors digested reports that Russia had sought Chinese military help. Following the Monday decline, Alibaba’s loss…
(Reuters) Polymetal International, Petropavlovsk, Raven Property Group, and Roman Abramovich’s Evraz will be removed from all FTSE’s indexes in this month’s review. The move happens amid growing sanctions against Russia,…
(Bloomberg) Shares of Didi Global Inc. fell more than 37% on Friday after reports emerged that it had suspended its planned listing in Hong Kong. The suspension of Hong Kong…