Snap shares jump 48% at debut, opening at $24
Shares in Snap open at $24, at a considerable premium to the $17 the group priced at the previous day and giving it a market valuation of $27.8bn
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2522 stories · page 71 of 127
Snapchat IPO considered overvalued by analysts
Analysts believe investors in Snapchat's IPO may be taking a risk as its targeted valuation is considered overpriced by some
BATM enjoys strong second half
Revenues for the year to December 31 will be "slightly more than US$90mln", BATM said in a trading statement ahead of its prelims on March 8.
Competitive pricing pressure sees US Cellular's fourth-quarter revenues miss forecasts
The firm reported total operating revenues of US$991mln for the three months to December 31, below the consensus forecast for US$1.03bn.
Monitise narrows first half losses as it slashes costs
Cost cuts offset lower revenues in the first half, leading to narrowed losses for Monitise.
Vodafone undervalued - if it rids itself of Indian millstone
Jefferies and JP Morgan Cazenove both agree Vodafone is cheap, and if it can hive off its Indian arm, it looks cheaper still
Verizon snatches Apple’s creative chieftain
US telecoms group Verizon Communications, currently in the midst of trying to buy Yahoo! assets, said on Monday that it snared Apple’s global creative director to lead its newly-built in-house advertising agency
BT hanging in there against Virgin Media onslaught
Haitong says BT's Openreach arm is holding up well in the face of the network expansion by Virgin Media
Charter Communications tops expectations
The company acquired Time Warner Cable and Bright House Networks in 2016
Snapchat owner eyes US$22bn IPO
Snap Inc reckons the price of its initial public offering will be between US$14 and US$16 per share
Inmarsat in maritime sat-com deal with Satlink Satellite Communications
Satlink is one of the leaders in satellite communication and technical services in the maritime industry
Former Betfair and Zoopla CFO joins Satellite Solutions’ board
Stephen Morana will take up his role as non-executive director with immediate effect
Talktalk weak as Haitong cuts its fair value estimate, repeats 'sell' rating
The broker also moved its forecast for a dividend cut by Talktalk back a year, but increased the scale of it to 50% from 40%.
HSBC repeats its positive stance on telecoms giant BT Group after CEO round-table
Analysts at the bank repeated a ‘buy’ rating and 425p price target on the FTSE 100-listed stock, which offers around 38% upside potential.
BATM Advanced Communications expands medical diagnostic business with acquisition of Zer Laboratories
The networking technology and medical laboratory systems group aid Zer is the largest private diagnostic laboratory in Israel for clinical tests.
AdEPT's latest moves mark a "step change" in strategy
The company has outgrown its old £15mln revolving credit facility; the new one is twice as big
Vodafone sees earnings at "lower end" of guidance due to intensifying competition in the UK and India
The firm reported a 1.7% increase in overall organic service revenue for its third quarter. But UK service revenues fell 3.2%, and in India they were down 1.9%.
BT rallies on new board appointments to the board of its regulatory-challenged Openreach unit
BT revealed that Brendan Barber - chairman of employment relations service Acas and a former Trades Union Congress boss - and Edward Astle - a former Board member of National Grid PLC (LON:NGG) - will become non-executive directors of Openr
Dunstone takes charge at Talk Talk as Harding steps down after 7 years
The surprise change at the top came as the FTSE 250-listed firm also reported a 5.4% drop in third-quarter net revenues to £435mln, down from £459mln a year earlier.
Vodafone looks to tackle its Indian tiger as it reveals merger talks with Ideal Cellular
Vodafone said it was in talks with Ideal Cellular’s owner, Indian conglomerate Aditya Birla about an all-share deal that could help the groups counter fierce competition.