Consumer demand for cleaning and personal care products remained stronger than projected despite rising costs, prompting Procter & Gamble to raise its full-year sales forecast on Wednesday, sending its shares up more than 2 per cent. Analysts estimate that P&G’s sales growth is at its highest level in at least 15 years, but there are…
The New York Post reported on Tuesday that Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, citing two persons familiar with the situation. According to the story, the billionaire, who owns 9.1% of Twitter, is intending to launch a tender offer in approximately…
Netflix, the world’s largest streaming video service, has issued a global warning about password sharing. This time, it appears to be a serious warning, and it may signal the end of the widespread habit of borrowing a family member’s or friend’s — or even a casual acquaintance’s — login information. Netflix says that more than…
According to figures provided by an industry association on Tuesday, African start-ups garnered a record $5.2 billion in venture financing last year, rebounding from a pandemic-induced slump in 2020 with an almost five-fold surge in investments. The success of startups like Nigeria’s Paystack, which was purchased by Stripe in 2020, and sister fintech Flutterwave, which…
A former Coca-Cola Enterprises executive has admitted to accepting more than £1.5 million in bribes in exchange for assisting favoured companies in winning lucrative contracts. From 2004 until 2013, Noel Corry, 56, gave confidential and sensitive data to Boulting Group, Tritec Systems, and Electron Systems. It provided them a leg up on competitors in contract…
Sales at Hermes, the manufacturer of the Birkin bag, surpassed expectations in the first quarter, boosted by robust demand for its luxury accessories, particularly in the United States and Europe, as the sector struggles to recover from the Ukraine conflict and China’s COVID restrictions. Hermes, which also sells silk scarves and porcelain tableware, had a…
During an all-hands meeting on Thursday, Twitter CEO Parag Agrawal sought to reassure staff that the company was not being “kept hostage” by reports of Elon Musk’s offer to buy the company, according to a source familiar with the situation. The source, who did not want to be identified because they were not authorised to…
Goldman Sachs Group Inc reported a 43 per cent reduction in earnings on Friday, but topped Wall Street estimates, thanks to strong results in its wealth management and trading operations, which partially offset a drop in equity underwriting as stock market listings dried up. Wall Street banks have been under pressure due to a global…
According to the CEO of crypto financing firm Nexo, Bitcoin might reach $100,000 within a year. According to CNBC, Antoni Trenchev believes the world’s largest cryptocurrency will surpass $100,000 “before 12 months.” He expressed concern about bitcoin’s short-term prospects, implying that it may follow traditional financial markets when the Federal Reserve begins to unwind its…
Elon Musk, the CEO of Tesla, has made an offer to buy Twitter, claiming that he is the best person to “unlock” the social media platform’s “amazing potential.” Musk made the stunning revelation that he would pay $54.20 per share for Twitter, valuing the company at $41 billion dollars. Musk was recently revealed to be…
business-gurus.com 