Revenue for the 2023 fiscal year increased by 75%. The company attributed this uptrend to positive organic growth and the “benefit of acquisitions”. This included the ED&F Man Capital Markets division and the Cowen acquisition in December 2023. The firm stated: Performance was strong across the Group. Revenue rose 75% to $1,245 million and Reported…
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Thanks to the unexpectedly good results, WMT shares jumped by around 7% on Thursday, making it the most positive day since early 2020 as they rose to an all-time-high price of $64. This was enough to push the total value of WMT to almost $516bn, with a $34bn hike on the day. WMT is the…
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Aspects under investigation are how Meta’s algorithms possibly promote “behavioural addictions” and create “so-called rabbit-hole effects”. A study available on ResearchGate depicted the rabbit-hole effect as the “use of algorithms” that amplify personalised content to keep users engaged. The European Commission also expressed concerns about Meta’s age verification processes. Don’t miss out the latest news,…
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Tickmill clients can now receive up to 3.5% annual interest on their USD, EUR, and GBP wallets, subject to specific eligibility criteria. This initiative, designed to meet the evolving needs of today's investors, combines attractive interest rates, daily interest accrual, and prompt monthly payments. It can serve as an alternative to traditional fund management avenues,…
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These encouraging numbers were confirmed at the streaming giant’s second Upfront presentation for advertisers on Wednesday. While the ad plan isn’t offered in every region, it now makes up more than 40% of all new sign-ups in the markets where it’s available. Netflix content chief Bela Bajaria stated that “our audiences are highly engaged –…
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At one stage, copper reportedly traded at $5.02 per pound. This commodity’s price has increased by 25% this year. Based on CNBC, copper underpins economic well-being and digitisation as it plays a pivotal role in energy transformation. Sectors involving the production of electric vehicles (EVs), power plants, and renewable energy solutions all depend on copper.…
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This action refers to the company’s assembly plant in Fremont, California, being sued by the Environmental Democracy Project for releasing chemicals including arsenic, nitrogen oxides and cadmium. The Bay Area Air Quality Management District has already complained about what they called Tesla’s “unabated emissions” in the area. The lawsuit was filed in a San Francisco…
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The company attributed this drop to a decrease in its financial services segment and PlayStation 5 sales that missed the target. Despite this slide, Sony reported FY 2023 revenue of 13tn JPY, a 19% year-on-year increase. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Sales for the PlayStation 5 gaming console did not…
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This investment will go into Greencoat Renewable Income LP (GRI), the company’s UK private funds market. GRI is a secure income fund and is open to investors until the end of 2024. Based on the Schroders press release, this fund only invests in UK renewable wind, solar and bioenergy infrastructure, and technologies such as heat…
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This international holding company provides post-trade financial services, including settlement and custody of local and international securities for bonds, equities and derivatives, and investment funds. It operates through Euroclear Bank, International CSD and Euroclear UK & International, among others. Elms previously served as this division’s interim CEO and brings 28 years of experience to the…
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