Page 22 - Big Caps News Today

Discord pulls out of merger talks with Microsoft The video game chat app, valued at around US$7bn, has reportedly ended negotiations for a potential merger with the computing giant, rekindling speculation of a possible IPO Video gaming chat app Discord has decided to retain its independence by pulling out of merger negotiations with computing giant Microsoft Corp (NASDAQ:MSFT). According to a Wall Street Journal report on Tuesday citing people familiar with the matter, talks between the two si...

Full-year revenue is expected to grow around 8%, which is the upper end of guidance Avast PLC (LON:AVST) said it is trading in line with expectations while the disposal of the Family Safety mobile business was completed last week. The cybersecurity specialist said the sale will be “modestly” earnings dilutive and will benefit reported growth rates over the balance of the year. It now expects full-year revenue to grow around 8%, which is the upper end of guidance, with the Consumer Indirect ...

Tuesdays dip may be due to profit-taking after a strong run recently Associated British Foods PLC (LON:ABF) expressed caution in its interim results but the City remains bullish on Primark’s ability to rebound after months of closures. In fact, the fast-fashion retailer The performance was driven not only by increased basket sizes, as seen after previous lockdowns, but also by an improvement in footfall. People shopped for essentials in the nightwear, lingerie and leisurewear ranges but ther...

The social media giant said its new Live Audio Rooms, which allow users to interact with groups and public figures in real-time and in audio-only,...

The power and influence of ARK Innovation ETF and Cathie Woods range of active ETFs – a two minute explainer The success of the funds means they can move markets and are inspiring launches of other active ETFs ARK founder Cathie Wood ARK Innovation ETF (NYSEARCA:ARKK) and chief stockpicker Cathie Wood have become such investor favourites over the past year they have the power to move markets. Although the ETFs are not tradeable in the UK, the strong record from the asset manager�...

Johnson & Johnson COVID-19 vaccine has possible link to very rare cases of unusual blood clots, says EU regulator The European Medicines Agency stated that these events should be listed as very rare side effects of the jab Johnson & Johnson’s (NYSE:JNJ) COVID-19 vaccine was found to have a possible link to very rare cases of unusual blood clots with low blood platelets, the EU regulator said. The European Medicines Agency concluded that the jab should have a warning added to the product infor...

US might reduce the nicotine content in cigarettes to non-addictive levels Menthol cigarettes might also be banned Imperial Brands PLC (LON:IMB) and British American Tobacco PLC (LON:BATS) tumbled today on a report that the US might order a reduction in the nicotine content in cigarettes. US authorities are considering the move as part of clamp-down on tobacco addiction reported the Wall Street Journal. The Food and Drug Administration has to make a decision on whether to ban mentho...

Clubhouse valued at US$4bn following funding round Companies Clubhouse valued at US$4bn following funding round The audio-only chat app, which allows users to create invite-only chatrooms, has seen its popularity boom in recent months following its use by several high-profile figures including Elon Musk and Mark Zuckerberg Clubhouse, an audio-only chat app, recently closed a funding round that reportedly values the company at approximately US$4bn. A report from Reuters overnight credited a sou...

mVaccination has already been used in South Africa to register 279,000 inoculations of health workers Vodafone PLC (LON:VOD) announced a partnership with the African Union Development Agency (AUDA-NEPAD) to offer a digital toolbox to help with the Coronavirus (COVID-19) vaccine rollout. The mVacciNation mobile platform will manage vaccination appointments and stock availability across up to 55 countries, following a successful pilot project in South Africa. In South Africa, the National Departm...

Liberum expects a spike in revenue after short-term headwinds this and next year GlaxoSmithKline PLC’s (LON:GSK) spinoff is expected to deliver above-sector sales growth contrary to market scepticism, analysts at Liberum said. The FTSE 100 group plans to split into two companies in 2022, consumer health and biopharma, and the outlook for the latter is regarded as the benchmark for the success of the spinoff. The City broker looked at the key product and franchise areas that will define GSK’...