The tech giant s cloud division turned profitable for the first time in fiscal Q3.
The NYSE-listed shares of Alibaba closed more than 0.5% down on Friday.
China fined its eCommerce giant Alibaba Group Holding Ltd (NYSE: BABA) a record £2.0 billion on Saturday after an investigation found it in breach of the anti-monopoly regulations. The investigation concluded that Alibaba has, for several years, abused its dominant position in the market, resulting in a fine that translates to 4% of its domestic revenues in 2019.
The NYSE-listed shares of Alibaba closed the regular session more than 0.5% down at £162.90 per share on Saturday. In comparison, the Chinese multinational technology company had started the year 2021 at a per-share price of £166.21 after touching a high of £197.56 per share in the third week of February.
Manchester & London Investment Trust Plc - Half-year Report
PR Newswire
(the Company )
Half-yearly report for the six months ended 31 January 2021
A copy of the Half-Yearly Report can be accessed via the Company s website at www.mlcapman.com/manchester-london-investment-trust-plc or by contacting the Company Secretary by telephone on 01392 477500.
Summary of Results
256,791
633.62
11.8%
Six months to
7.00
Ex-dividend date
During the half year under review, the
total NAV per Share return was 2.4 per cent, compared to an
increase in the benchmark of 11.8 per cent.
It has been a period where small capitalisation stocks, unprofitable Technology hopes, Cryptocurrencies and Reflation Value plays have been in vogue, whilst mega-capitalisation Technology (with the exception of Apple and Tesla) has lagged.
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