Tag: shares
Chinese technology shares jump as Alibaba sales exceed forecasts
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Chinese technology shares jumped after strong results from internet companies, including better-than-expected sales at the e-commerce firm Alibaba despite an economic slowdown driven by Beijing’s Covid-19 lockdowns. T...
Peloton shares plunge 20% as losses widen and sales guidance cut
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Peloton’s share price crashed 20% in early trading after the exercise bike maker missed revenue targets, cut sales guidance and reported a bigger quarterly loss than anticipated, and its boss described turning the com...
Elon Musk sells $8.5bn-worth of Tesla shares after Twitter deal
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Elon Musk has sold $8.5bn (£6.8bn) worth of shares in Tesla as the world’s richest man raises cash after reaching a deal to buy Twitter. The Tesla chief executive has committed $21bn of his own money to the funding pa...
Tory MP Steve Baker shares paper denying climate crisis
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A Conservative MP has shared a scientific paper that says the climate emergency is not happening. Steve Baker, the MP for Wycombe and a leading member of the Net Zero Scrutiny Group, shared the report, produced by the...
Royal family shares poem in tribute to the late Prince Philip by poet laureate
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The royal family have shared a poem in tribute to the late Prince Philip on the first anniversary of his death. The elegy was written by the poet laureate Simon Armitage and shared via official royal social media acco...
NatWest returns to majority private control as it buys back £1.2bn in shares
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NatWest Group has returned to majority private ownership after it agreed to buy back £1.2bn of shares from the UK government, more than 13 years after the company was bailed out by taxpayers at the height of the finan...
China property shares soar on Beijing stimulus, despite continued debt crisis
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Chinese property shares have soared for a second day thanks to a decision by Beijing’s leadership to throw the country’s struggling real estate sector a lifeline amid growing pressures at home and abroad. Despite a do...
‘Like a horror movie’: 19-year-old shares Ukraine escape on TikTok
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As Diana Totok and her sister reached through the wire fence separating Romania from Ukraine to grasp her father’s hand, it occurred to her that she might never see him again. Ukraine’s new wartime laws barred their f...
Global shares tumble after Russian attack on Ukraine nuclear plant – business live
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Why the Facebook owner’s shares are in freefall
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Mark Zuckerberg’s social media empire felt the full force of investors’ concerns about its growth prospects on Wednesday, as the revelation of Facebook’s first-ever drop in daily users helped trigger a share price rou...
Facebook shares slump 20% amid higher costs and slowing growth
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Meta, the company formerly known as Facebook, became the latest tech company to suffer a dramatic share price slump on Wednesday as it reported higher costs and slowing growth. Reporting its first earnings under its ...
‘From market’s best friend to enemy’: Asian shares plunge as US Fed nails on rate rise
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Stock markets in Asia have tumbled to their lowest in nearly 15 months after America’s central bank chief confirmed widely expected plans to tackle increase interest rates this year, beginning in March. With investors...
Adele shares grief with fans by video call over postponed Vegas shows
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Adele has personally apologised to fans after cancelling a series of highly anticipated shows in Las Vegas because of Covid production issues. The singer addressed disappointed concert-goers, some of who had travelled...
THG shares slide as it misses profit margin forecasts
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Shares in THG have fallen sharply after the online shopping group warned profit margins for 2021 would come in below expectations and the early part of 2022 would be more challenging compared with the same period last...
THG shares data on claims of ‘irregular trading of its shares’
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British online retail company THG has handed information to regulators over what its billionaire founder, Matthew Moulding, has described as a coordinated attack on its share price. THG, formerly known as the Hut Grou...
China Evergrande shares suspended amid reports of demolition order
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Shares in China’s Evergrande Group have been suspended from trading, the embattled property developer announced on Monday, without giving any reason. It came amid Chinese media reports that the world’s most indebted d...