Market Buzz
Friday newspaper round-up: Paramount Global, Apple, Coutts
Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled media giant. According to the Wall Street Journal, the offer was made on Wednesday by Sony’s chief executive, Tony Vinciquerra, and Aaron Sobel, a partner at Apollo. Paramount’s shares rose 12% on the news. – Guardian.
Thursday newspaper round-up: Online gamblers, PwC, London taxi drivers
Online gamblers who lose £500 or more a month are to face extra checks from August, the regulator has confirmed, as part of a large package of measures aimed at protecting the most vulnerable customers. The extra checks come in from 30 August, and the threshold for qualifying will fall to £150 of online betting losses a month from 28 February next year, the Gambling Commission said. – Guardian.
Wednesday newspaper round-up: Amazon, dividends, Weardale Lithium
Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143. 3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing Wall Street expectations of $142. 65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.