News for nerds
Amazon.com (AMZN.O) is expected to emerge as a winner in the digital advertising arena, surviving Apple’s (AAPL.O) privacy changes better than rivals Facebook (FB.O) and Snap (SNAP.N). The ecommerce giant’s vast trove of customer shopping data reduces its reliance on Read more
Britain’s GSK (GSK.L) raised its annual profit outlook on Wednesday after better-than-expected third-quarter results on strong sales of key drugs and cost cutting ahead of a planned split next year, in a boost to its shares. GSK’s outperformance buys CEO Read more
U.S. hotel operator Hilton Worldwide Holdings Inc (HLT.N) beat revenue estimates for the third quarter on Wednesday, as easing pandemic restrictions drive a recovery in leisure travel. “Leisure travel remained strong and business travel continued to pick up during the Read more
Saudi Arabia said on Wednesday it had licensed 44 international companies to set up regional headquarters in the capital Riyadh under the kingdom’s push to become a regional commercial hub and vie for foreign capital and talent. Among the 44 Read more
Deutsche Bank (DBKGn.DE) is gingerly hiring new staff at its investment bank, which has become its biggest revenue generator, as it pursues new revenue opportunities. In the first year-on-year increase in front-office staff at the investment bank since Germany’s largest Read more
Electrolux (ELUXb.ST) warned on Wednesday it may struggle to meet demand through the rest of the year and into 2022 due to global supply-chain challenges, after its profit slumped in the third quarter as component shortages held back production. Europe’s Read more
Global wind power leader Iberdrola (IBE.MC) expects no further impact from Spain’s recent attempt to swoop on utilities’ earnings and use them to shield consumers from soaring energy prices, the company said on Wednesday. Electricity and gas prices have hit Read more