Services news

Today, in its eagerly-anticipated market debut, food delivery company Deliveroo listed on the London Stock Exchange via an IPO, and it will trade with the ticker (LON: ROO). Deliveroo has recently been hailed a ‘British tech success’ by Chancellor of the Exchequer, Rishi…

Deliveroo Holdings plc (LON: ROO) shares posted a steep decline of roughly 30% compared to the IPO (Initial Public Offering) price as the food delivery company debuted on the London Stock Exchange on Wednesday. The per-share price tag of 390 pence valued the company at £7.6 billion. On Wednesday,…

FactSet Research Systems Inc. (NYSE: FDS) published its earnings report for the fiscal second quarter on Tuesday that missed market expectations for earnings and revenue. FactSet shares opened a little under 3% down on Tuesday and lost another 1% on market open. Including the price action, the stock is…

Aviva plc (LON: AV) said on Friday that it plans on withdrawing from Aviva Poland. The company announced a deal with Allianz SE to offload its entire stake in the Polish unit for £2.14 billion. Allianz SE (ETR: ALV) closed the regular session at £182.19 per share on…

Robinhood Markets Inc. said on Thursday that it intends to launch a platform that will enable users to buy shares in an initial public offering, much like the Wall Street funds. Such an option, it added, will be made available for its own IPO as well. The move will further…

SIG plc (LON: SHI) said on Thursday that its pre-tax loss widened in 2020 due to COVID-19 disruptions that weighed on its revenue. The company, however, expressed confidence that it will return to profitability later in 2021. The ongoing health emergency has so far infected more than 4.3 million…

Adobe Inc. (NASDAQ: ADBE) published its earnings report for the fiscal first quarter on Tuesday that beat Wall Street estimates. On the back of its hawkish quarterly performance, the company also gave upbeat guidance for the full financial year. Chief Executive Shantanu Narayen commented on the financial report on…

IHS Markit Ltd. (NYSE: INFO) reports its financial results for the fiscal first quarter on Tuesday that topped analysts’ estimates for profit and revenue by a slight margin. The financial services company said that all of its business segments performed better than expected in Q1. IHS Markit shares that…

FedEx Corp (NYSE: FDX) published its earnings report for the fiscal third quarter on Thursday that came in better than what analysts had anticipated. In the foreseeable future, the company added, demand was likely to remain strong for its logistics and delivery business.    FedEx shares closed the regular…

Accenture plc (NYSE: ACN) reported its financial results for the fiscal second quarter on Thursday that beat Wall Street estimates. On the back of its hawkish quarterly performance, the company raised its guidance for the full year. Accenture shares were reported about 3.5% up in premarket trading on Thursday.

888 Holdings plc (LON: 888) said on Thursday that its pre-tax profit in 2020 posted a significant decline on the back of higher marketing and operating costs. The company, however, expressed confidence that it had started 2021 on a positive note with a record number of customers. 888 Holdings…

Cintas Corp. (NASDAQ: CTAS) published its financial results for the fiscal third quarter on Wednesday that topped analysts’ estimates for earnings and revenue. Cintas Corp opened at £250.51 per share in the stock market on Wednesday. It had started the year 2021 at a slightly lower £247.19 per share.

Capita plc (LON: CPI) announced a restructuring plan on Wednesday that will affect two of its divisions. The company wants to offload more of its non-core businesses as losses expanded further in 2020 due to the ongoing Coronavirus pandemic. Capita shares that you can learn to buy online…

Coupa Software Inc. (NASDAQ: COUP) reported a surprise profit on an adjusted basis for the fiscal fourth quarter on Tuesday. The company also said that its sales in Q4 were better than Wall Street estimates. Coupa Software shares were reported more than 1% up in after-hours trading on Tuesday.

Ferguson plc (LON: FERG) said on Tuesday that its financial performance was resilient in the six months that concluded in January 2021. The company attributed its hawkish performance in recent months to excellent cost control and higher demand amidst the ongoing Coronavirus pandemic. Chief Executive Kevin Murphy commented on…

DocuSign Inc (NASDAQ: DOCU) said on Thursday that its total revenue in the fiscal fourth quarter posted a 57% annualised growth to £308 million. The American company reported £293.20 million of subscription revenue in Q4 – a 59% increase from last year. Professional services and other revenue, it added,…

Savills plc (LON: SVS) said on Thursday that its pre-tax profit in 2020 posted a 28% decline. The company attributed its dovish performance to the ongoing COVID-19 pandemic that has so far infected more than 4.2 million people in the United Kingdom and caused a little under 125 thousand…

IG Group Holdings plc (LON: IGG) said on Thursday that its revenue in the fiscal third quarter posted a significant increase on the back of a high level of trading amidst the ongoing Coronavirus pandemic. The company also said that its active clients count jumped to a record high…

Just Eat Takeaway.com (AMS: TKWY) said on Wednesday that acquisition and integration costs resulted in a wider net loss last year. The company, however, expressed confidence that orders are likely to see a sharp growth in 2021, amidst the ongoing Coronavirus pandemic that continues to restrict people to their…

Legal & General Group plc (LON: LGEN) said on Wednesday that its operating profit posted a slight decline in 2020, amidst the ongoing Coronavirus pandemic that wreaked havoc on businesses from across the globe last year. The company, however, expressed confidence that it will return to profitable growth in…

Deutsche Post AG (ETR: DPW) said on Tuesday that its fourth-quarter net profit posted a significant increase as the Coronavirus pandemic fuelled eCommerce in recent months. On the back of hawkish performance, the German firm also raised its midterm targets on Tuesday through 2023. Deutsche Post slid roughly 1.5%…

Standard Life Aberdeen plc (LON: SLA) said on Tuesday that its adjusted pre-tax profit posted a decline in 2020 amidst the ongoing Coronavirus pandemic. The company, however, expressed confidence that its financial performance will improve in the upcoming months. The global investment firm is currently in the process of…