Miner Petra Diamonds said on Tuesday its capital restructuring is almost complete after half-year core earnings jumped 20%, but reiterated that the COVID-19 pandemic may further impact its ability to operate within its covenants.
Tech billionaire Peter Thiel-backed data analytics firm Palantir Technologies Inc on Tuesday signaled revenue growth would slow this year, casting a shadow on its better-than-expected quarterly results and sending its shares down 9%.
Finnish paints maker Tikkurila said on Thursday Pittsburgh-based PPG has raised its all-shares offer for the company to 34.00 euros per share, topping a rival bid from Akzo Nobel.
By Reuters Staff
2 Min Read
BEIJING/SINGAPORE, Feb 16 (Reuters) - Cinema stocks jumped in Hong Kong on Tuesday as Chinese box offices set a revenue record of over 6 billion yuan ($929.63 million) for the week beginning Feb. 11, following a movie-going rush at the start of Lunar New Year holiday break.
The figure, from data compiled by online ticketing platform Maoyan Entertainment, surpassed the previous week-long record of 5.9 billion yuan set in the same holiday period in 2019, and represents a full recovery from a coronavirus-induced slump last year.
To preempt the spread of the virus following a resurgence in cases in January, local authorities have discouraged people from travelling to their home towns for the holiday. Some authorities such as in Shanghai even provided free movie tickets to encourage people stay put for their holiday entertainment.
Analysts have lifted their first-quarter profit growth forecast for European listed companies to 42.7% from the 41% that was expected last week, according to the I/B/E/S Refinitiv data, as the region's recovery from the COVID-19 downturn gathers pace.