Image source: Getty Images It may be based in the US but Workday (NASDAQ: WDAY) is critical to the FTSE 100. As a global leader in business management software, it helps some of our nation’s top companies manage their day-to-day operations. From healthcare to banking, it is the software-of-choice for some of the biggest names in the UK market. Think AstraZeneca, GSK, Rolls-Royce and Lloyds. Even the London Stock Exchange Group uses it! Covering human resources, financials and planning, Workday helps companies hire staff, process payroll and track finances. It is an all-in-one solution provider that seems to be enjoying…
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Management does not expect the foundry business to be in full swing until 2026. Source link
OpenAI announced in October that it raised $6.6 billion at a blockbuster $157 billion valuation.Among its new backers was a well-known investor: SoftBank.SoftBank’s Vision Fund CFO Navneet Govil told BI why it bet on the ChatGPT maker. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Before investing $500 million in OpenAI, SoftBank passed up…
(Bloomberg) — Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some on Wall Street urging caution. Most Read from Bloomberg Shares in the electric vehicle maker have soared 31% since Trump’s decisive win, leaving analysts’ price targets in the dust. The gap between Tesla’s (TSLA) share price and the average analyst target compiled by Bloomberg suggests 28% downside, and is at its widest since the post-pandemic tech stock mania of late 2021. This chasm speaks to the challenge facing analysts…
Super Micro Computer (NASDAQ:) shares dropped over 4% in premarket trading Wednesday following the company’s announcement of a delay in filing its quarterly 10-Q report for the period ending September 30, 2024. A Form 10-Q is the company’s quarterly financial report. In its press release, Super Micro Computer attributed the delay to unresolved issues related to an ongoing internal review of the company’s controls and reporting processes. The review, initiated by the company’s board in response to concerns raised by the company’s former accounting firm, has resulted in delays for both the 2024 annual 10-K filing and the current quarterly…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello again from Baku, where the COP29 climate summit is nearly midway through its first week. Negotiators still have some big divides to bridge on the “new collective quantified goal” for climate finance that is meant to be agreed here. The EU and other rich…
Franklin J. Parker, CFA, is the author of Goals-Based Portfolio Theory, published by Wiley. Last summer, I was having lunch on the shores of Lake Maggiore in Italy with a few other investment professionals, one of whom I had known for several years. A former CIO for a family office, he had left that gig to start some cryptocurrency projects, including a fund and a venture or two in the non-fungible token (NFT) space. “Man, I’m excited to ask you something I’ve not been able to get an answer to,” I told him. “I’ve followed bitcoin since 2011, I read Satoshi Nakamoto’s…
In the opening plenary of COP29 on Monday, two standards underpinning the creation of a UN carbon market were waved through by the event’s Azerbaijani presidency.The approval circumvented the usual process whereby government experts would have had the opportunity to scrutinise and negotiate the texts in detail.The move effectively clears the way for the long-awaited carbon market set out in Article 6 of the Paris Agreement, which will be open to countries and businesses to trade through, to become operational. However, the lack of transparency after years of disagreement has caused consternation among climate campaigners.The Azerbaijani COP29 presidency has hailed the…
Image source: Getty Images FTSE 250 share Babcock International (LSE:BAB) is ripping higher in midweek business. At 537p per share, the defence giant was last trading 8% higher on Wednesday (13 November). It had touched near-five-year highs of 580.5p earlier in the session. Babcock’s share price has soared thanks to forecast-topping third-quarter financials. My question now is can the business — which provides engineering services to the armed services and civil sector — keep this momentum going? Estimates topped For the six months to September, Babcock enjoyed a 11% revenues bump to £2.4bn. This was better than the mid-single-digit increase…
Investing.com – Shares in Amgen (NASDAQ:) rose in premarket US trading on Wednesday after the drugmaker said there was no link between the administration of its MariTide experimental weight-loss treatment and changes in bone mineral density. The stock previously shed more than 7% in the prior session following a report from analysts at Cantor Fitzgerald which suggested that their review of data on MariTide showed it had influenced a dip in bone mineral density. The figures were first published in the journal Nature in February. “The Phase 1 study results do not suggest any bone safety concern or change our conviction…