Ovo Energy, the UK’s fourth-largest residential gas and electricity supplier, is planning to sell a stake in its software arm, Kaluza, at a potential “unicorn” valuation, Sky News has reported. The move is part of a broader strategy to bolster the balance sheet of the company, which serves just under four million retail customers. The
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2.7KTesla stock is rebounding on Wednesday after a plunge yesterday due to the growing anxieties around the electric vehicles industries. On Wednesday, Tesla stock was trading over 2% up during press time, as attention shifts to the company’s upcoming Q3 earnings report next week. The technical analysis states that key resistance and support levels are
2.2KLucid stock price has recovered this month, moving from a low of $15 to $24, its highest point since August 5. Still, it remains about 28% below its highest point in 2024. This article explains why the LCID shares jumped and why it remains at risk of a crash. Why Lucid stock price jumped LucId
1.8KJapan’s SoftBank Group Corp is planning an initial public offering (IPO) of its digital payments unit PayPay in the United States as soon as December, two people with direct knowledge of the matter said, according to Reuters. The Japanese conglomerate has been speaking to institutional investors since mid-September regarding potential valuations ahead of the highly
2.8KGold prices breached the $4,200 per ounce mark on Wednesday for the first time as rate cut hopes boosted sentiments. Silver prices on COMEX rose more than 1%, and hovered around the $51 per ounce level. On the other hand, oil prices moved slightly higher on Wednesday due to lower-level buying. Meanwhile, copper prices also
4.3KShares in French tyre maker Michelin plunged more than 9% on Tuesday after the company sharply cut its full-year profit outlook, citing deteriorating market conditions and a steep fall in North American sales. The stock fell 9.3% to €26.01 in early European trade, heading for its biggest single-day drop since the onset of the pandemic
3.9KKering SA, the French luxury conglomerate and parent company of Gucci, is in advanced discussions to sell its beauty division to L’Oréal in a deal that could value the unit at approximately $4 billion, reported WSJ, citing sources familiar with the matter. The transaction could be announced as early as next week, provided negotiations conclude
2.8KSabadell shareholders voted heavily against Banco Bilbao Vizcaya Argentaria’s (BBVA) takeover bid, revealing another level of uncertainty over one of Spain’s highly publicised banking operations. More than 97% of the bank’s client shareholders rejected the offer from BBVA, according to figures published Tuesday by the Catalan bank. Sabadell stated in a filing with the Comisión
2.6KThe Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is having a good year, with inflows rising and its stock jumping to a record high. It peaked at $52.80 on Friday, up sharply from the all-time low of $31.54. This article explores whether the 10% yielding GPIQ ETF is a good buy. What is the GPIQ
1.4KThe dramatic price increase in the copper market is not as dire as it seems. The copper prices dropped about $500 per ton on Friday after US President Donald Trump threatened to impose additional tariffs of 100% on China, starting next month. “A renewed escalation of the trade conflict would significantly impact both economies and,
