During morning trade, RPI shares were up 31%, establishing a good starting point for the company as it wishes to raise £166m with its debut. Open trade is set for Friday 14 June 2024. The firm, which makes small, single-board computers, initially priced its shares at 280p each, giving it a market value of £541.6m.…
Read more
In its press statement, Temenos indicated that this collaboration will realise the swift and secure movement of cross-border funds. It will also make transactions more cost-effective thanks to Mastercard’s widespread international network, which includes approximately 10 billion service points in more than 180 countries. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Temenos…
Read more
DMM, Japan’s largest crypto exchange, said roughly 4,503 BTC, valued at about $308m, were illegally siphoned from a primary wallet. According to BITCOIN Magazine, the incident occurred around 13:26 local time and was orchestrated via “unauthorised access.” To date, the company has not divulged how the breach was done. It did, however, confirm that the…
Read more
At the opening bell, the Dow Jones Industrial Average was down 0.35%, the S&P 500 0.51%, and the Nasdaq Composite 0.83%. Mega-caps, which include market leaders such as Apple Inc. (AAPL) and Nvidia Corporation (NVDA), slipped between 0.3% and 1.1%. According to Reuters, the five-year note achieved a four-week record in the wake of a…
Read more
The prime index hovered above the 40,000 brink at a stage on Thursday, 16 May 2024, but ended that day lower. Hopes of rate cuts fuelled bullish investor actions and enabled the Dow Jones’s gallop towards this all-time high. According to CNN, the latest report from the US Bureau of Labour Statistics indicated a decrease…
Read more
U.S. equity funds experienced net outflows of $3.04 billion during this period, the smallest amount in the past four weeks. This trend was mitigated by a rally on Wall Street, mainly driven by solid gains in the tech sector following optimistic projections from TSMC and Super Micro Computer (SMCI.O). U.S. value funds witnessed net redemptions…
Read more
According to a Bloomberg report released in September of last year, BrightSpring, backed by investment management company KKR & Co. (KKR), originally hoped to garner $1bn in IPO, although this figure is now absent from the most recent filing from the US Securities and Exchange Commission on 2 January. In 2023, the healthcare provider saw…
Read more
Data shows fluctuating market highs and lows put many global hedge funds on the back foot. Moves, such as losses when trading on macroeconomic events drew the shortest straw due to the unanticipated rebound in government bonds. Other investments, such as those related to US tech stocks, hit their marks. Compared to hedge fund performances…
Read more
The expansion not only offers a broader range of stock options to eToro's users but also aligns with the company's mission to provide cost-effective trading solutions. The users now have the chance to diversify their investment portfolios more robustly by adding these stocks. The expansion covers a variety of new stocks, thus broadening investment choices…
Read more
This announcement from BidX Markets follows shortly after a warning issued by the UK’s Financial Conduct Authority (FCA) against investment platforms engaging in "double dipping" – a practice where platforms retain a portion of interest on client cash balances while charging an additional fee for cash management. Simon Blackledge, the CEO of BidX Markets, said:…
Read more