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Those with nonpublic information about a merger or acquisition involving a company appear to be profiting by trading in shares of exchange-traded funds based on indexes that include such companies’ shares, according to a recent study by Swedish and Australian researchers. By: Carlton Fields
Peer-to-peer car-sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car-sharing marketplace, for $9.45 Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability.
The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned
(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range on Tuesday after third-quarter earnings fell from a strong year-ago comparable period, sending its shares down 8% in early trade.
GAM Holding has confirmed its first steps in the turnaround plan for the business, aiming to return the company to profitability following a turbulent period. GAM has already made several new appointments in recent weeks in a bid to grow the business and increase profits, including changes to the group management board.
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. rise year-on-year as compared to 2022.
Bringing his storied career into focus, Jordan shares his journey from a budding entrepreneur living with his parents to spearheading a firm that concludes dozens of high-value deals annually. Through shared anecdotes and industry expertise, the episode builds a comprehensive guide to the underpinnings of successful business exits.
By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11% in after-hours trading.
Portfolio trading as a concept has exploded in the last few years, egged on by market conditions and volatility brought on by the pandemic and other macroeconomic factors. Portfolio trades have historically helped many institutions to move big blocks of risk. billion in total portfolio trading volume in Q3 2023, up 11.1%
By Juby Babu (Reuters) -HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers market and competitive pricing, even though revenue grew after more than eight quarters. Shares of the PC maker fell 3.7% in extended trading.
Robinhood posts surprise profit on interest income boost, trading rebound By Manya Saini (Reuters) -Robinhood Markets posted a surprise profit in the fourth quarter on Tuesday, driven by higher interest income from customers paying back loans and a rebound in trading, sending shares of the online brokerage up 10% after the bell.
(Reuters) -The UK’s benchmark FTSE 100 rose for a second day on Tuesday in thin trading volumes ahead of the Christmas break, while shares in homebuilder Vistry fell after it issued its third profit warning since October.
By Linda Pasquini and Ozan Ergenay (Reuters) –Hugo Boss‘ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading.
By Andrey Sychev (Reuters) -Europe’s biggest tour operator TUI on Tuesday confirmed its annual guidance and mid-term targets after a strong summer season, sending its shares up in morning trading. Shares in TUI rose 2% by 0735 GMT, hitting their highest level in two months.
Exegy, ING and Optiver have become the latest organisations to join non-profit organisation Sustainable Trading, which is dedicated to transforming environmental, social and governance (ESG) practices in the global markets landscape. We are delighted to welcome Exegy, ING, and Optiver to our membership network.
COPENHAGEN (Reuters) -Denmark’s Vestas said on Wednesday its Chief Financial Officer Hans Martin Smith will step down by the end of this year and the company has begun looking for his replacement, sending its shares down 5.5% in early trading.
Balraj Bassi, co-founder and chief executive officer, Tradefeedr Data analytics in financial markets has reached the point where clients have access to complete global data sets, and we see 2024 as the year where this will drive change in how counterparties interact and in automating trading workflows.
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after market share gains drove a 10% rise in the first half, giving it momentum ahead of the festive trading period.
Aquis reported a 17% increase in its net revenue at £9.7million for the first half of the year, and a profit of 1.1million before tax, up 64% from the previous period. Read more: Aquis Exchange acquires minority stake in US block trading start-up OptimX Markets Aquis markets currently holds a 5.1%
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after a 10% rise in the first half that was driven by market share gains, giving it momentum ahead of the key festive trading period.
It’s not just about the business’s direct profitability but the sustainability of that profit in an increasingly digital realm. I hope sharing these will give you an understanding of severity without veering into technical jargon. Below are some informal/internal notes of a previous cyber-security assessment.
Nano has destroyed significant value and trades at negative firm value,” the company writes. Together, 3D Systems and Stratasys are well-positioned to capture the benefits of scale needed to lead in the additive manufacturing industry and deliver long-term profitable growth. A statement about the deal doesn’t pull any punches.
By Sriparna Roy and Mariam Sunny (Reuters) -Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. Its shares still fell nearly 3% in early trading.
What are the key intricacies when trading in Asia? I understand that there are a number of European HFTs [high frequency trading firms] and market makers that are moving into the Asian markets because profitability here has been through the roof. What is the outlook for future trading opportunities in Asia?
Tesco raises profit outlook again after strong Christmas sales By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food.
Tiny is based out of Canada and is publicly traded there with a current market cap of around $500 million. HappyFunCorp is being acquired with a mix of shares and cash and will continue to operate independently out of Brooklyn, New York, where it was founded, said Ben Schippers, co-founder and co-CEO, in an interview.
By Priyanka G (Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company’s shares down 8% in extended trading. AI-powered PCs are also yet to […]
rn Episode Summary: rn In this episode, Matt Raad discusses his journey into the world of buying and selling websites and shares his expertise in building passive income through online businesses. Matt also highlights the value of building a portfolio of websites and the opportunities for growth and profitability in the digital space.
Norwegian Cruise forecasts upbeat first-quarter profit on robust demand (Reuters) – Norwegian Cruise Line Holdings forecast a first-quarter profit on Tuesday betting on higher ticket prices and steady demand in the U.S. The company’s shares rose 5.5% in premarket trading.
Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Best Innovation at the Close, recognising those venues going above and beyond to support participants when trading at the Close. Upwards of 30% of volumes now take place in the Closing Auction in Europe.
Day trading has become a popular practice among finance professionals, offering opportunities to capitalize on short-term price movements. Scalping involves executing quick trades with small profit targets, aiming to capitalize on short-term price fluctuations. One such technique gaining traction is scalping.
By Yadarisa Shabong (Reuters) -Just Group’s first-half profit beat estimates on Tuesday, and the British insurer now expects full-year earnings to surpass its previous expectations on demand for pension insurance, sending shares up as much as 18% in early trading.
TUI swings to surprise first-quarter profit on robust travel demand By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) – Europe’s largest travel operator TUI on Tuesday reported far better-than-expected first quarter results as it swung to a profit on the back of robust travel demand, sending its shares 7.4%
billion post-tax profit for the first half of 2023, a decrease of 9% compared to Q2 2022 and a 7% fall for the overall half of the year, attributing the fall to higher tax rates. Despite overall profits in some areas of the bank, the investment bank revenues fell by 11% in the second quarter compared to the Q2 2022 results.
Connor shares his journey from working in financial services and marketing to becoming a business owner. By sharing his firsthand experiences, Connor provides invaluable insights for aspiring acquisition entrepreneurs looking to navigate the complexities of buying and running a successful company. "The
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Hedge funds are significant players in financial markets given the size of their capital bases and the frequency of their trading. One widely cited estimate is that hedge funds account for around 5-6% of total equity trading volume in the US. Short selling can increase liquidity by increasing the supply of shares available for trading.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
b' The Exit on How2Exit's Interview W/ Jay Rodgers - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so.
By John Revill ZURICH (Reuters) -Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global political and trade tensions.
By Stephen Nellis and Arsheeya Bajwa (Reuters) – Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones. The company’s shares rose 5.5% in extended trading.
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