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Edited Transcript of MOMO earnings conference call or presentation 26-Nov-19 1:00pm GMT
Q3 2019 Momo Inc Earnings Call …read more […]
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Business News
Oil eases on growing U.S. stockpiles; U.S.-China trade deal hopes check losses
Oil slipped on Wednesday after an industry report showed a surprise build-up in U.S. crude inventories, but optimism surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger slide in prices.
Business News
Manchester City owner draws $500 million investment from private equity firm Silver Lake
U.S. private equity firm Silver Lake has agreed to invest $500 million in the owners of English soccer champions Manchester City, valuing the Premier League club’s owner at $4.8 billion.
Business News
BHP’s Henry signals new technology a focus in first speech
Incoming BHP Group Chief Executive Mike Henry said the world’s biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers.
Trading Ideas
BAT Lowers Outlook for New Products on U.S. Vaping Slowdown
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British American Tobacco Plc, the maker of Lucky Strike cigarettes, lowered its growth outlook for full-year sales growth in smoking alternatives as health concerns and a U.S. regulatory crackdown on vaping weigh on e-cigarette revenue.Sales growth from the new product categories, which also included heated tobacco, will be in the lower end of BAT’s forecast range of 30% to 50%, the company said. In August BAT was guiding to the midpoint.Key InsightsA price war has been breaking out in the e-cigarette market …read more […]
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CORRECTED-BAT sees annual revenue growth in upper half of 3-5% range
British American Tobacco, the world’s no. 2 tobacco company by revenue, said on Wednesday it expects full-year group revenue to grow in the upper half of its 3-5% long-term target range. The maker of Lucky Strike and Dunhill cigarettes maintained its forecast for adjusted earnings per share growth in the high-single-digit range. The company, however, said it now expects revenue growth in its new categories – e-cigarettes, tobacco heating products and snuff- to be at the lower end of its 30-50% range, reflecting a slowdown in the U.S. vaping market. …read more […]
Trading Ideas
Does Siemens Aktiengesellschaft (ETR:SIE) Create Value For Shareholders?
Today we are going to look at Siemens Aktiengesellschaft (ETR:SIE) to see whether it might be an attractive investment… …read more […]
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Gold slips as Trump says U.S.-China close to trade deal
Spot gold fell 0.2% to $1,458.69 per ounce by 0533 GMT. U.S. gold futures shed 0.1% to $1,458.40. Washington and Beijing are close to an agreement on the first phase of a trade deal, Trump said on Tuesday, after top negotiators from the two countries agreed to keep working on remaining issues. …read more […]
Business News
Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: Financial Times
The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
Business News
Private equity firm Silver Lake makes $500 million investment in Manchester City owner
Private equity firm Silver Lake has agreed to make a $500 million equity investment into the owners of English Premier League soccer champions Manchester City, the firms said on Wednesday, confirming a report in the Financial Times.
Business News
Asian shares climb as Trump says U.S. China trade deal near
Asian shares rose on Wednesday and European stocks looked set for gains after U.S. President Donald Trump said negotiators were close to inking an initial trade deal, while expectations the Federal Reserve will keep rates low underpinned sentiment.
Business News
Musk suggests Tesla has 250,000 orders for Cybertruck
Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet on Tuesday.
Business News
Westpac shareholders call for more heads to roll over money-laundering scandal
Two of Australia’s top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country’s No.2 retail bank.
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Musk suggests Tesla has 250,000 orders for Cybertruck
Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet on Tuesday. Musk has been promoting the Cybertruck on Twitter and cryptically tweeting out updates to the number of orders the company has received since the launch late Thursday. After more than 50 interaction on Twitter since the launch, he tweeted “250k” on Tuesday night in an apparent reference to the number of orders. …read more […]
Business News
Australia’s Westpac faces shareholder backlash over money-laundering scandal
Two of Australia’s top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country’s No.2 retail bank.