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Liberty Global Takes 5% ‘opportunistic’ Stake in Vodafone
Date: February 14, 2023
By Muvija M and Tiyashi Datta LONDON (Reuters) -U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone on Monday, saying its larger rival’s shares were undervalued by the market but ruling out a takeover. Liberty Global Chief Executive Mike Fries called the stake in Vodafone, whose shares have heavily lagged London’s blue-chip...
Pandora Shares Jump 8% on Upbeat Fourth-Quarter Results
Date: February 8, 2023
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported better-than-expected fourth-quarter results and record annual sales on Wednesday, sending its shares up more than 8%, although it predicted uncertainty around sales in 2023. “We ended 2022 on a high note. Despite the macroeconomic pressure on consumers and COVID-19 headwinds in China, we continue to...
Norway Wealth Fund Posts Record $164 Billion Loss
Date: January 31, 2023
By Victoria Klesty OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a three-year run of soaring profits as stocks and bonds were hit by the Ukraine war and inflation. The previous largest loss was 633...
Mercedes-Benz Sells 2.05 Million Passenger Cars in 2022
Date: January 10, 2023
BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous year as the carmaker felt the impact of COVID-19 measures and bottlenecks. Still, fourth-quarter sales rose 17% as logistics and supply chain bottlenecks eased, and battery-electric sales grew 124% over the course of the year...
Apple’s Stock Market Value Falls Below $2 Trillion
Date: January 4, 2023
By Nivedita Balu and Noel Randewich (Reuters) -Apple Inc’s stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021. The sell-off came a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone....
Tesla Shares Tumble, on Track for Worst Month Ever
Date: December 23, 2022
By Noel Randewich (Reuters) – Tesla Inc shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk’s distraction with Twitter. The stock dropped almost 10% on Thursday to their lowest level since September 2020 after the automaker’s...