Tag: shares soar
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StanChart shares soar after it hikes full-year targets and trounces profit estimates
HONG KONG/LONDON, Oct 28 : Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8 per cent higher.Like many of its European peers, StanChart was able to extend a recent strong run, with pretax pro
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Bumble shares soar after report dating firm in $1bn takeover talks
The jump pushed Bumble’s stock market valuation to more than $580m but that is still far below their peak of more than $14bn.
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Shopify shares soar as forecast shows AI is boosting business, not disrupting
Aug 5 : Shopify issued a rosy third-quarter forecast on Wednesday as the company’s AI efforts draw more merchants to its suite of e-commerce services, assuaging fears over growing competition and sending its shares up more than 18 per cent. The strong outlook and a market-beating June quarter show that AI is
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South Korean shares soar after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market.
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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar
June 17 : Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten as CEO, cementing the former footwear maker’s pivot to an AI infrastructure firm and sending its shares up more than 30 per cent. The company had said in April it was shifting its focus to offer
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