Q1 results for the language learning company saw revenue climb by 44.9% on a year-by-year basis to over $167m. This is roughly in line with its growth rate for the last three years, which has averaged 45.7%. Its net earnings per share was reported at $0.57, marking a significant increase from last year’s $0.06 loss.…
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This is a new fintech platform that enables financial institutions, businesses and software developers to incorporate financial services into their solutions. It unlocks the company’s existing financial technology through user-friendly elements. According to the FIS press statement, Atelio can be used across all industries to execute financial actions, such as collecting deposits, moving money between…
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With predicted revenue for Q1 listed at $1.13bn, these positive results led to a surge in the ZM share price on the Nasdaq, taking the market cap to $20.76bn in the process. As part of the results announcement, ZM also confirmed that it will be buying back up to $1.5bn of its shares. While the…
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Reportedly, this breach ranks high, especially since financial markets are holding a collective breath in anticipation of this virtual currency ETF approval. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Bitcoin price jumped by more than 2.5% as the post in question zipped its way through the internet highways. Gary Gensler, the…
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Questioning reporting on its debt and earnings before interest, taxes, depreciation and amortisation (EBITDA), Gotham alleges misrepresentations in this regard to reduce the Grifols leverage ratio. The hedge fund further stated that the actual leverage ratio is about 10 to 13 times the EBITDA, instead of the six times reflected in the Grifols financial reports.…
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The Swiss Association for the Protection of Investors (SASV – or Schweizerischer Ankegerschutzverein) represents retail investors. The SASV’s claim includes investors from the UK who took a substantial financial knock during the hurried takeover. SASV’s general secretary, Arik Röschke, stated: Credit Suisse has a strong presence in London, and many employees received shares as part…
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Citigroup Global Markets will handle this offer, which follows a tiered structure that rewards early engagement. This entails a premium of $645 for every $1,000, or 64.5 cents per dollar, of a bond’s value for those selling their bonds before 18 August 2023. The deal includes a special early-tender premium of $30. Don’t miss out…
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It also reported a consolidated net income of $799m and revenue of $2.34bn for the period ending 30 June 2023. Intercontinental Exchange’s adjusted revenue totalled $1.89bn, on par with Wallstreet speculations. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Other notable figures include the $955m consolidated operating income and operating margin of 51%,…
Read moreAfter a transaction that took place on May 28, 2015, the wealth manager now holds 23,941,198 voting rights, or a 20.84% stake, in Plus500.
Read moreThe investment bank sold 476,180 shares in Plus500 earlier today, taking its its interest in the broker down to 5.77%.
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