Author: Bella Hayes
In a market that has seen its fair share of ups and downs, Quantum (NASDAQ:) FinTech Acquisition Corp’s stock has managed to reach a 52-week high, touching $11.03. With a modest market capitalization of $1.99 million and a P/E ratio of 0.06, the company presents an interesting case study in price volatility, as highlighted by InvestingPro data. This peak comes amidst a challenging year for the company, which has experienced a significant downturn over the past 12 months, with a staggering 1-year change showing a decline of 97.42%. The 52-week high serves as a notable point of reference for investors…
LONDON – JPMorgan (NYSE:) Global Growth & Income PLC has announced the issuance of 100,000 new Ordinary Shares at a price of 583.00 pence per share, the company said Thursday. The shares were issued for cash under the company’s existing block listing facility dated May 24, 2024. Following this transaction, the total number of issued shares by the investment trust stands at 511,427,308. This figure is now the reference point for shareholders to determine whether they need to disclose changes in their stake in the company, as per the rules set by the Financial Conduct Authority. The company also confirmed…
Investing.com — JMP Securities downgraded Uber Technologies (NYSE:) from Market Outperform to Market Perform, maintaining a $95 per share price target on the stock, citing the growing influence of autonomous vehicles (AVs) in the rideshare market. According to JMP analysts, the transition poses both opportunities and challenges for Uber, with execution risk looming as the company adapts to a hybrid model of first-party (1P) and third-party (3P) AV marketplaces. “We believe AVs offer consumers a better experience,” JMP noted, emphasizing the rapid progress of competitors like Waymo. “Waymo is blitzscaling and has nearly unlimited access to capital given the size and…
By Nerijus Adomaitis OSLO (Reuters) -Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025. Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed. Top-selling brands were Tesla (NASDAQ:), followed by Volkswagen (ETR:) and Toyota (NYSE:). Chinese EVs now account for almost 10% of new car sales. “Norway will be the first country…
Investing.com — DHL (ETR:) has emerged as Bernstein’s top logistics stock pick for 2025, reflecting its favorable valuation and positioning within the evolving European logistics sector. Bernstein analysts flag the potential for a recovery in freight volumes and point to DHL’s strategic advantages, particularly its leverage to global trade and e-commerce growth. They argue that the company’s valuation is currently too low to ignore, considering its diverse revenue streams and high dividend yield of over 5%. After enduring a cyclical downturn in recent years, the logistics industry is poised for a rebound, with DHL expected to benefit significantly. Freight volumes,…
BEIJING (Reuters) – Chinese electric vehicle makers including Nio and Li Auto (NASDAQ:) have followed market leaders Tesla (NASDAQ:) and BYD in extending buying incentives to the start of 2025, as a price war in the world’s largest auto market continues for a third year. Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme. Nio launched a similar zero-interest loan plan for its Nio- and Onvo-branded EV buyers on Wednesday. The incentives are intended to encourage purchases before the government subsidy schemes for the new year start.…
LONDON – Fragrant Prosperity Holdings Limited (LSE:FPP), a special purpose acquisition company, has reported a net loss of £90,503 for the six-month period ending September 30, 2024. Despite the loss, the company ended the period with a cash balance of £76,992, according to its unaudited interim results released today. The company, which was incorporated in 2016 and listed on the London Stock Exchange (LON:) in September 2016, is actively seeking potential acquisition targets and additional funding. The current economic conditions and challenging financial markets have prolonged this process, but the directors remain optimistic about securing suitable funding and completing an…
Investing.com — European stock markets slipped slightly Thursday, with investors digesting new economic data at the start of a new year, expecting the European Central Bank to continuing cutting interest rates to boost the struggling regional economies. At 03:25 ET (08:25 GMT), traded largely flat, while the UK’s fell 0.1% and France’s dropped 0.5%. The main European indices struggled to compete with their US rivals last year, with regional growth hard to find. This is expected to result in the European Central Bank continuing to ease monetary policy reasonably aggressively in 2025, even as the Federal Reserve expressed caution over…
LUND, Sweden, Jan. 2, 2025 /PRNewswire/ — Immunovia AB (publ) (“Immunovia” or the “Company”) hereby announces that today, 2 January 2025, the exercise period for warrants of series TO 2 in Immunovia AB (publ) (“Immunovia” or the “Company”) (the “Warrant Programme”) begins. The exercise period runs until 16 January 2025. Summarized terms for the warrants of series TO 2Structure: One (1) warrant series TO 2 entitles the holder to subscribe for one (1) new share in the Company.Exercise period: 2 January 2025 – 16 January 2025.Subscription price: SEK 0.46 per share.Issue volume: 124,423,978 warrants of series TO 2. Upon full…
OSLO, Norway–(BUSINESS WIRE)–Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™ currently deployed in over 500 million devices, is announcing an expansion contract for at least 20 confirmed models with a Top-5 global smartphone maker, with a guaranteed minimum license fee for each model. These models are scheduled for phased rollout over the upcoming 12-15 months. The largest smartphone makers in the world continue to choose our AI Virtual Smart Sensor Platform™ to drive innovation and deliver value to their end customers, stated Laila Danielsen, CEO of Elliptic Labs. Our smartphone…