Cloudflare’s stock price plunged during premarket trading today, with shares falling sharply as the company’s fourth-quarter and full-year revenue guidance disappointed investors. The content delivery network and cybersecurity firm’s projection missed Wall Street expectations, leading to a dip of nearly 10% in premarket trading. Revenue Guidance Sparks Sell-off The premarket sell-off comes after Cloudflare revealed […]
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a major conglomerate in the retail and beverage sectors in Mexico, has announced a definitive agreement to divest a significant portion of its logistics subsidiary, Solistica, to Grupo Traxion for approximately 4.06 billion Mexican pesos (around $208 million USD). This transaction, revealed on October 10, 2024, represents a […]
Nuvalent, Inc., a biopharmaceutical company specialising in targeted cancer therapies, has seen its stock price skyrocket following the release of compelling data from two clinical trials at the European Society for Medical Oncology (ESMO) Congress 2024 in Barcelona. The company’s shares surged by more than 22%, driven by positive data on its novel cancer drugs, […]
Armada Acquisition Corp. I, a publicly traded special purpose acquisition company, has successfully finalized its business combination with Rezolve AI Limited, a leading global provider of AI-powered engagement platforms for retail and commerce. Initially announced on December 17, 2021, the transaction faced delays primarily due to the need for regulatory approvals, complex financial structuring, and […]
Tesco, a dominant force in the UK’s retail landscape, has entered into a definitive long-term strategic partnership with Barclays, a leading name in UK banking. This landmark agreement, initially set for a 10-year period, aims to revolutionize the provision of Tesco-branded banking products and services, leveraging both companies’ strengths to offer unparalleled value to customers. […]
Barclays Plc has unveiled its financial metrics for Q3 2023, which concluded on September 30, 2023. Key figures highlight a profit before tax of £1.9bn and an attributable profit standing at £1.3bn. These figures reflect the bank’s performance amidst dynamic market conditions. Barclays Plc Q3 2023 Highlights Group Performance: Barclays reported a Group RoTE (Return […]
Adani New Industries Limited (ANIL) has successfully raised a trade finance facility of $394 million (INR 3,231 Cr) from Barclays PLC and Deutsche Bank AG. This significant financial boost will bolster the working capital requirements for ANIL’s integrated solar module manufacturing facility. As a wholly-owned subsidiary of Adani Enterprises Ltd, Adani New Industries is steering […]
Cloud9 Technologies, a cloud-based communications provider, has raised $17.5 million in a Series B funding round led by Swiss investment bank UBS alongside participation from existing investors such as J.P. Morgan and Barclays. The New York City-based company calls itself to be a voice communication and analytics platform designed to address the unique requirements of […]
Barclays job cuts 2020 : More than 1,000 employees are set to lose their jobs at British banking giant Barclays with a major processing center in Leeds to take most of the brunt owing to its permanent closure. Unite the Union revealed that a total of about 1,145 people will lose their jobs across the […]