March 18, 2024 BY Robert Bell

Under Armour shares drop with CEO set to move on

Linnartz has been in the role for a little more than a year and has been making significant changes, such as introducing a rewards programme and making high-profile hiring decisions. Analysts are now undecided as to whether the return of Plank is a good thing and whether he will be back for the long term…

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Bitcoin
March 15, 2024 BY Robert Bell

MicroStrategy share price climbs as it buys more Bitcoin

Founder Michael Saylor posted on X that the firm made this purchase “using proceeds from convertible notes & excess cash.” He said more institutional investors are considering owning BTC as it gets incorporated into ETFs. Saylor also believes that the halving process to be carried out in April this year will keep demand for the…

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March 14, 2024 BY Robert Bell

2023 saw record amount of corporate dividends paid

The data comes from the Janus Henderson Global Dividend Index (JHGDI) report, which is released on a quarterly basis. It confirmed that Microsoft (MSFT) paid the most significant dividend in 2023. Apple (APPL) and Exxon Mobil (XOM) followed the tech giant on the list. Ben Lofthouse, the head of global equity income at Janus Henderson,…

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March 13, 2024 BY Robert Bell

Reddit aims for $6.4bn valuation

Reddit, a news aggregation site and forum network with over 73 million users, has never made a profit to date, but is regarded as one of the world’s biggest and most widely read websites. It has now revealed that its IPO will involve 22 million shares that will be sold for between $31 and $34…

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March 12, 2024 BY Robert Bell

Nationwide agrees deal to take over Virgin Money

The offer of 220p per VMUK share represents 38% added to the company’s price on the open market on the day of the offer. It has also been suggested that a 2p dividend per share will be added to that figure. The expanded firm will be the second-largest mortgage provider in the UK, and also…

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March 11, 2024 BY Robert Bell

Aviva profits rise amid insurance boom

This growth was driven by businesses as well as individuals moving on to private healthcare rather than relying on the state’s services. This helped Aviva’s annual operating profits get a 9% boost in 2023, outperforming analyst predictions by reaching £1.5bn last year. Dame Amanda Blanc, the chief executive at Aviva, received remuneration of £6.6m in…

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March 08, 2024 BY Robert Bell

Paramount+ set to increase prices as it seeks profitability

This news came as Paramount (PARA) CFO Naveen Chopra spoke at the Morgan Stanley Technology, Media & Telecom Conference. The company believes that it will be profitable by 2025 without having to increase the cost of its packages in 2024. However, Chopra said that “going forward, we do anticipate future price increases”. He also said…

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