Edition:
United Kingdom

Aparajita Saxena

Uber's market debut sours most anticipated IPO since Facebook

10 May 2019

Uber Technologies Inc's conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns. | Video

Stronger spending powers Mastercard profit, revenue beat; shares hit record high

30 Apr 2019

Mastercard Inc on Tuesday beat quarterly profit and revenue estimates, as a strong U.S. job market, rising wages and surge in online shopping boosted transaction volumes, sending shares of the world's second largest payments processor to an all-time high.

Slack is loss-making but revenue continues to grow, filing shows

26 Apr 2019

The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut.

Visa profit jumps, lower cross-border volume weighs on shares

24 Apr 2019

Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.

Pinterest, Zoom shares surge in market debuts after IPOs

18 Apr 2019

Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion (12.32 billion pounds) and signalling investor appetite for new tech listings. | Video

Morgan Stanley leans on wealth management to beat estimates

17 Apr 2019

Morgan Stanley reported a 9 percent drop in quarterly earnings on Wednesday, but managed to beat analyst estimates through slight growth in its wealth management business, as well as cost cuts.

Goldman offers fresh details on overhaul progress as revenue slides

15 Apr 2019

Goldman Sachs Group Inc offered new tidbits about its sweeping operational overhaul when reporting first-quarter results on Monday, but investors focused on revenue declines across nearly all its main businesses, sending shares lower.

World News