Top 20 companies by market cap
|Name & symbol||Prev Close||Open||Market Cap||Change|
Latest OTC Markets Group news
The Wall Street Journal revealed on Friday that Tencent Holdings Ltd (HKG: 0700) is negotiating with Warner Music Group to get a stake in the entertainment company for £162.5 million. Warner Music is also scheduled to launch its initial public offering (IPO) in the first week of June. The news came only weeks after Tencent released an upbeat quarterly earnings report. Tencent closed the regular session on Friday at £42.90 per share that marks an...
In a statement on Thursday, Nissan Motor (OTCMKTS: NSANF) announced a new plan to reduce its size and focus on efficiency as the Coronavirus pandemic weighed on its profit that resulted in the company’s 1st annual loss in more than a decade. Nissan’s new plan spans over four years and entails reducing its model range and production capacity by roughly 20%. The move is expected to save £2.26 million from the automaker’s fixed costs. Nissan expects...
Codere SA (OTCMKTS: CODEF) released its first-quarter trading statement on Thursday that posted £87 million in group-wide losses. The company is seeking financial support that it deems vital for the survival of its operating units. Codere’s Q1 loss came in ten times higher than a £7.7 million loss in the same quarter last year. The company attributed the unparalleled increase in its loss to the Coronavirus pandemic that pushed its gambling venues...
The Coronavirus pandemic has brought the global auto industry to a near halt. Amidst the crisis, finance minister of France, Bruno Le Maire, warned on Friday that Renault (EPA: RNO) might not be able to survive if it doesn’t receive sufficient financial support. The French minister also highlighted that a potential £4.47 billion loan is in the pipeline for the French multinational automobile manufacturer. Renault operates in 16 countries Accordin...
Alibaba Group (NYSE: BABA) was significantly hit by the Coronavirus disruptions at the start of the year. In its earnings report on Friday, however, the company said that it saw early signs of recovery in March. Alibaba attributed a decline in its Q4 net income to the devaluation of its equity investments in several public companies. CFO Maggie Wu of Alibaba commented on financial results on Friday and said: “Although the pandemic negatively impa...
In an announcement on Friday, Geely’s (HKG: 0175) Chairman, Li Shufu, said that the company is considering a deeper collaboration with German luxury car manufacturer, Daimler AG (ETR: DAI). In 2018, Geely had made a sizeable investment to get a 9.69% stake in the Mercedes owner. Daimler also partnered with the Chinese holding company to manufacture Smart electric cars. Separately, the two companies also collaborated on a premium ride-hailing vent...