Airtel Money, a mobile payments business operating across Africa, has set a $7 billion valuation for its planned debut on the London stock market. The company, a unit of Airtel Africa, expects admission to trading on October 14. This move will allow existing shareholders to sell part of their holdings in one of the continent’s…
Shares of Accenture surged Thursday after the company’s fiscal fourth-quarter results beat estimates. The consulting giant reported earnings per share of $3.29 on revenue of $18.68 billion. That exceeded LSEG consensus estimates of $3.18 earnings per share and revenue of $18.03 billion. The stock surged more than 22% at one point, but ended the day…
The $2.3 billion initial public offer of shares in India’s National Stock Exchange has received a frenzied response from investors, drawing bids worth more than $10 billion despite its hefty price-to-earnings multiple, which values it above several U.S. stock exchange businesses such as Nasdaq. Driven by strong demand from institutional and high-net-worth buyers, the NSE…
Novo shares fell as much as 7% on Monday after the company laid out new growth ambitions to revive its fortunes in the booming obesity drug market. The Danish company seeks to convince investors it can compete in an increasingly crowded field it helped pioneer. The company said it aims to launch more than five…
ATU Images | The Image Bank | Getty Images Sugar is getting a lot less sweet for buyers. Sugar prices surged 21.5% in August, marking its strongest monthly gain since October 2010, when it rose 24%. The United Nation’s Food and Agriculture Organization Food Price Index also rose in August amid broad-based increases, led by…
Volkswagen employees are taking part in an information and protest event organized by IG Metall in front of the VW plant in Zwickau. Picture Alliance | Picture Alliance | Getty Images Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of a historic transformation plan amid intensifying…
African stock markets are posting some of the strongest returns in the world this year, even as gold has fallen from its January peak and oil prices remain volatile. Data for selected African exchanges as of Sept. 2 show double-digit gains in many markets, led by Nigeria, Zimbabwe, Ghana and the BRVM regional exchange. Nigeria’s…
A ChargePoint electric vehicle charging station in Hudson, New York, US, on Tuesday, Sept. 3, 2024. Angus Mordant | Bloomberg | Getty Images ChargePoint Holdings CEO Rick Wilmer believes a surge in the electric vehicle charging company’s stock Thursday is just “the beginning of the momentum,” he told CNBC. Shares of ChargePoint increased more than…
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100,…
HONG KONG — The robotics firm behind China’s famously backflipping humanoids leapt to a remarkable stock market debut on Wednesday, with Unitree’s shares closing up 460% as investors rally behind homegrown beneficiaries of the A.I. boom. Chinese humanoid and other robots have advanced at a breathtaking pace as Beijing competes for global tech dominance with…
