Takeaway delivery specialist Deliveroo has revealed that its losses ballooned last year as it pumped more cash into its rapid growth plans. The company posted a £298 million pre-tax loss for the year, compared with a £213 million loss in 2020, but stressed that it has a long-term plan for profitability. It told investors on…
Why Monday.Com Stock Is Plunging Today
Monday.Com Ltd. reported fourth-quarter FY21 revenue growth of 91 percent year-on-year to $95.5 million, beating the consensus of $87.8 million. The net dollar retention rate was over 120 percent. The net dollar retention rate for customers with over ten users was over 135 percent. The total number of paid customers was 152,048, up 34 percent from 113,888…
NFL Teams on Thanksgiving Schedule All Coming Off Loss
Maybe the NFL teams set to play on Thanksgiving got caught looking ahead to the holiday extravaganza. All six squads playing on Thursday lost in their lead-up to the Thanksgiving game, marking the first time since 2001 that every team playing on the holiday dropped its previous contest. Back then there were only two Thanksgiving…
Tesla Shares Slip After Heavy Week of Losses
November 15, 2021
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Tesla Inc.’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker. Shares in the company, which lost some $187 billion in market value over the past week, were down 2.7 percent at $1,005.42 in…
Japan’s SoftBank Sinks Into Losses Over China Investments
November 8, 2021
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TOKYO—SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday. SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billion yen profit recorded the same period the previous year. Quarterly…
London Heathrow Pandemic Losses Hit £3.4Bn
Heathrow’s losses from the Covid-19 pandemic have hit £3.4 billion. The west London airport said it is continuing to lose money despite reducing its operating costs by more than 30%. But it insisted it has the “financial strength” to survive “until the market recovers”, with £4.1 billion of cash. Some 10.2 million passengers travelled through…
European Stocks Dip on Tech Losses, US Jobs Caution
October 8, 2021
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European stocks edged lower on Friday as declines in the technology sector more than offset gains in oil and auto shares, while investors remained cautious ahead of U.S. payrolls data. The pan-European STOXX 600 index slipped 0.3 percent, with tech stocks falling about 1 percent as rising bond yields dimmed the high-growth sector’s appeal. U.S….
European Shares Rebound, but Set to End Volatile September With Losses
September 30, 2021
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European stocks continued their rebound on Thursday from a bruising sell-off earlier this week, but were set for monthly declines on worries about a slowing global economy and higher inflation. The pan-regional STOXX 600 index rose 0.6 percent, led by technology stocks, which were at the centre of the market rout, while miners rose from…
Wall Street Set for Weak Open as Technology Shares Extend Losses
September 17, 2021
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U.S. stock indexes were set for a lower open on Friday, as steady yields for government bonds following an unexpected rebound in retail sales this week pointed to more movement out of heavyweight technology stocks. FAANG stocks, including Apple Inc. and Alphabet Inc., some of the largest tech names on Wall Street, fell slightly in…
Wall Street Set to Recover From Sharp Weekly Losses
September 13, 2021
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Wall Street indexes were set to rise on Monday after their worst week in several months, with investors keeping a tab on the impact of potential changes to taxation on corporate profits and the effects of inflation on monetary policy. The indexes lost between 1.6 percent to 2.2 percent last week, with the S&P 500…
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