All posts in Stock Market Updates

Abrdn, the FTSE 100-listed asset manager, posted a loss of £320m in the first six months of the year, after a brutal period that saw it bleed almost £36bn of assets . The Edinburgh-based company posted a 28% fall in adjusted operating profit to £115m in the first six months of the year, down from £160m in the same period in 2021. Revenue of £696m was down 8% year-on-year. Profits and revenue were lower than expected, with analysts forecasting £130m and £714m respectively. TO READ “I’m not a deal junkie,” says Abrdn CEO Stephen Bird Abrdn said global outflows of…

Julia Hoggett hasn’t had the easiest exit on the 220-year-old London Stock Exchange. She took over as chief executive in April 2021, managing the continued impact of the pandemic. Just as it began to decline, inflation and a major land war in Europe turned the markets upside down and unleashed massive volatility. Fortunately, Hoggett is no stranger to crises. As regulator of the Financial Conduct Authority from 2014 to 2021, she handled the fallout from the Libor and currency manipulation scandals that rocked the City and implicated major global banks. Her tenure at the watchdog also saw her address the…

As Kewsong Lee’s five-year contract came to an end, the Carlyle Group chief executive’s advisers worked with representatives of the buyout firm to prepare an initial proposal for a new deal. Submitted last spring, the contract proposal never received a response from Carlyle’s board, according to people familiar with the matter. Carlyle said late Aug. 7 that Lee, who has been chief executive since 2018, was leaving the company effective immediately. William Conway, a co-founder and former co-CEO of the company who was also its chief investment officer, will serve as interim chief until a permanent replacement is found. The…

CARLSBAD, California, August 8, 2022 /PRNewswire/ — Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today released financial results for the first quarter of fiscal 2023 in a letter to shareholders, which is now available at Relations with investors section of the website. As previously announced, the company will host a conference call today, August 8, 2022at 2:00 pm Pacific time / 5:00 PM Eastern Time. The dial-in numbers for the conference call are (US) (646) 307-1963 and (International) (800) 715-9871. Please refer to Conference ID 7626718. Participants can also listen to the live webcast from the Relations…

The deadline for submission of applications for the vice-chancellor of Finance, Operations and Administration is now open. The position is a key one at UC Santa Cruz, as the VC-FOA has a wide range of responsibilities. Schools, Housing and Educational Services; Financial affairs; Physical planning, development and operations; Risk and Security Services; Human Resources of the staff; and Sustainability are all units of the division. The position was previously known as vice chancellor of Business and Administrative Services (BAS). The division name and position were formally changed on 1 July to better reflect the division’s key functions. Stakeholder meetings were…

News Corp, the publishing company controlled by Rupert Murdoch, said profits almost doubled in the year to June as growth in digital advertising and subscriptions helped its news operations recover- se of the losses incurred during the pandemic. The US-listed company, which publishes newspapers including The Wall Street Journal, The Australian and The Times, reported an 11% rise in revenue for the year to $10.4 billion and profit pre-tax rose to $812 million from $450 million a year earlier. course “The media segment was the main contributor to the improved profit picture this fiscal year, with profitability expanding to $217…

SAN DIEGO, August 8, 2022 /PRNewswire/ — Inhibrx, Inc. (Nasdaq: INBX), a biotechnology company with four clinical programs in development and a strong emerging pipeline, today reported second quarter 2022 financial results and provided an update on recent corporate events. Latest corporate aspects Turned on May 16, 2022, Inhibrx announced first-line results from its Phase 1 clinical trial of INBRX-101 showing a favorable safety profile in patients with alpha-1 antitrypsin deficiency, or AATD, and demonstrating the potential to achieve levels normal functional levels of alpha-1 antrypsin with monthly dosages. The data show that the treatment was well tolerated with no…

Warren Buffett’s Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20 percent ownership needed to book a share of the oil company’s earnings along with its own and potentially generate billions of dollars in profits. Read more here Actis to buy 400MW solar assets from Atha Group ₹2,100 cr Actis Llp has won the bid to acquire the 400 megawatt (MW) solar power assets of Kolkata-based Atha Group for an equity value of around $100 million, and has also signed the sale agreement, two people familiar with the matter said, requesting anonymity. Read more here New…