UK’s Reeves ditches plan to raise income tax rates Gilt yields up sharply, FTSE falls Euro rises to highest since 2023 vs pound LONDON, Nov 14 (Reuters) – British markets were whipped around on Friday, with sterling, government bonds and stocks suffering steep losses as speculation swirled around the UK government’s highly-anticipated November 26 budget….
Q3 net loss widens to $365 million from $323 million a year ago Revenue jumps 36% in Q3, but tariffs and costs hit margins Shares drop as much as 17% Nov 12 (Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number…
Nov 5 (Reuters) – Shares of Chinese electric vehicle maker Seres Group , the EV partner of technology firm Huawei (HWT.UL), fell almost 2% in the company’s Hong Kong Stock Exchange debut on Wednesday after it raised $1.84 billion in a listing. Seres Group, already listed in Shanghai, sold 108.6 million shares at HK$131.50 each…
Nov 3 (Reuters) – Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration/File Photo LONDON, Aug 5 (Reuters Breakingviews) – Investors’ love for dating apps is under strain. Dissatisfied younger users are hitting the revenues of companies like Tinder owner Match Group (MTCH.O), opens new tab. But some…
People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik HONG KONG, June 30 (Reuters Breakingviews) – To divine the fate of Hong Kong’s market, look to two of the year’s biggest offerings: Contemporary Amperex Technology (300750.SZ), opens new tab, the…
The logo of FWD group is seen on a building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo HONG KONG, June 26 (Reuters Breakingviews) – Richard Li is nothing if not relentless. The tycoon’s pan-Asian insurer FWD is going public after multiple false starts. A $6.2 billion, opens new tab market capitalisation is…
A 3D printed miniature model of U.S. President Donald Trump, Israel and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado Ruvic/Illustration LONDON, June 24 (Reuters Breakingviews) – When Donald Trump completed his trip to Saudi Arabia, Qatar and the United Arab Emirates in May, complete with trillion-dollar pledges of investment, the…
A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo HONG KONG, June 24 (Reuters Breakingviews) – Whenever some aspect of Hong Kong’s U.S. dollar peg appears askew, observers suggest that the scheme’s end is nigh — or has already arrived. This time, it’s the persistent wide gap…