Displaying items by tag: Shares

COMPANY NEWS: Raiz Invest, Australia's largest mobile first financial services platform, has launched its new portfolio, Plus, adding ASX stocks to the platforms product offering (1 August 2023).

COMPANY NEWS: Accounting software leader BlackLine today announced that it is deploying its recently launched ‘Modern Accounting Playbook’ (MAP) at Eightcap, a Melbourne-headquartered, global CFD and provider of forex brokerage.

Warren Buffett's Berkshire Hathaway has bought a 121m share stake in Hewlett Packard valued at more than $US 4.2b, or $AU 5.6b, sending HP shares surging almost 10% on the US stock market. This gives Buffett's company 11.4% ownership of HP.

Snap, the company behind Snapchat, increased its share price by nearly 60% after it posted its first-ever net profit, and with daily active users and financial performance both beating analyst expectations. The company's performance demonstrates it is possible to recover from Apple's ad tracking transparency policy.

Facebook's parent company Meta experienced its biggest one-day loss in trading since it debuted on Wall St in 2012. The company saw a whopping 26% slump, taking $332 billion $US237 billion) off its market value. Zuckerberg saw a $40 billion loss.

Australian-listed blockchain and AI focused mobile games developer Animoca Brands has acquired 100% of indie game developer Blowfish Studios for an upfront consideration of $9 million, plus payments of up to $26 million conditional on certain employment and performance targets.

Australian-listed AI data fusion enterprise solutions provider SenSen Networks is set to acquire Scancam Industries, a provider of AI solutions for fuel retailers in Australia.

Data integration and data integrity vendor Talend is set to be acquired by private equity investment firm Thoma Bravo for US$2.4 billion.

Australian-listed engineering-led construction and mining services group CIMIC has entered into a sale agreement with UK funds manager Elliott Advisors under which Elliott will acquire a 50% equity interest in mining services provider Thiess, with CIMIC retaining the other 50% equity interest.

Mark Fortunatow, chief executive of technology company MGM Wireless — makers of the all-in-one smartphone, watch and GPS device Spacetalk — has increased his shareholding in the company with an investment of $150,000.

Today was a bad day on Wall Street but it was disastrous for Apple as the iconic company’s stock plunged deeply, in a fall that completely outstripped the broader market.

Launching on iOS and coming soon to Android, the new Stake app enables easy trading of US shares in Australia, with rapid business momentum already seeing over $50 million traded on the platform.

The founders of online retailer, Kogan.com, have "reluctantly" unloaded $42 million worth of the company's shares just a week after they tried to sell an even bigger tranche, an event that led to the share price falling.

The shares of Australia's biggest telco, Telstra, hit a seven-year low on Tuesday following a big drop on Monday after the company said its earnings for the current financial year would come in at the bottom end of guidance – between $10.1 billion and $10.6 billion.

The shares of US security firm Symantec Corporation fell by more than 20% on Thursday after the company said it had commenced an internal investigation in connection with what it said were "concerns raised by a former employee".

Kantar's latest smartphone OS data shows Samsung S8 ranks first in Australia, followed by the iPhone 8, X and 8 Plus, with iOS share up to 40.6% as Android dips to 57.7%.

Intel chief executive Brian Krzanich has avoided making any mention of his controversial sale of stock and options in a keynote at the Consumer Electronics Show in Las Vegas, though he did touch on the two vulnerabilities found in most processors produced by the company he heads.

Intel chief executive Brian Krzanich sold stock and options and netted US$25 million in late November last year, well after Google had informed the company of flaws in its processors but before the flaws became public knowledge.

T-Mobile, a US telco that bills itself as an "un-carrier", is now offering up to 100 shares of the company to customers, free stuff every week and more.

With Vocus and Amcom announcing a merger deal in December 2014, TPG first pre-emptively increased its stake to 6.7% and then raised it to 18.6% in a bid to derail the merger.