Services news

IHS Markit Ltd. (NYSE: INFO) said on Wednesday that its adjusted profit in the fiscal fourth quarter topped analysts’ expectations. Revenue in Q4, however, came in line with what experts had forecast. The American-British information provider said that a few of its end markets that took a hit due…

PageGroup plc (LON: PAGE) said on Wednesday that its profit in the fiscal fourth quarter came in 20% lower than last year due to the ongoing Coronavirus pandemic that pushed businesses into freezing new hiring to cut costs. According to the British recruiter, it was unable to give guidance…

In an announcement on Tuesday, Zoom Video Communications Inc. (NASDAQ: ZM) said it will launch a secondary share sale to raise £1.10 billion. The technology company priced its shares at £247.42 apiece, that is roughly ten times the per-share price at which it debuted on the Nasdaq Stock Exchange…

In a report on Tuesday, Robert Walters Group (LON: RWA) said that its net fees in the fiscal fourth quarter came in 24% lower on a year over year basis. The company, however, expressed confidence that performance in Asia Pacific – its largest market – showed significant improvement in…

NCR Corporation (NYSE: NCR) said on Monday that it placed a bid for £1.28 billion in cash to buy Cardtronics plc (NASDAQ: CATM) that is currently set to be acquired by Apollo Global (private equity firm) and Hudson Executive Capital (investment firm). Cardtronics opened roughly 2.5% down on…

Global Infrastructure Partners said on Monday that it struck a deal to acquire Signature Aviation plc (LON: SIG) for £3.43 billion. The investment fund trumped buyout proposals from rivals, including Carlyle and Blackstone.   Signature’s spokesman commented on the news on Monday and said: “Nothing precludes either Blackstone and…

Royal Mail plc (LON: RMG) named Simon Thompson as its new Chief Executive Officer for its UK business on Monday. The retail industry veteran has formerly worked at several world-renowned companies, including WM Morrison, Ocado, Apple Inc, Honda, Motorola, and HSBC. Royal Mail shares opened about 1% down…

UnitedHealth Group Inc. (NYSE: UNH) agreed to an all-cash deal valued at £5.78 billion to acquire Change Healthcare Inc. (NASDAQ: CHNG) on Wednesday. The move, it said, will help expand its footprint in healthcare technology services. UnitedHealth opened about 2% down in the stock market on Wednesday but…

Informa plc (LON: INF) said on Wednesday that its annual profit is expected to see an over 70% decline in 2020 due to the COVID-19 crisis that weighed on the industry at large. The company said that the ongoing pandemic pushed it into postponing or cancelling hundreds of global…

In a statement on Tuesday, Plus500 Ltd (LON: PLUS) said that it expects an over 100% growth in its annual revenue. The company attributed the hawkish forecast to the Coronavirus pandemic that fuelled trading volumes this year in financial markets. In its report published in July, the British…

In a report on Sunday, the Wall Street Journal said that MGM Resorts International (NYSE: MGM) plans on buying Entain plc. The agreement with the British gaming company, the report added, will help the casino operator expand its footprint in the online gambling business. MGM Resorts is currently exchanging…

Ferguson plc (LON: FERG) said on Monday that it had struck a deal with a private equity company based in the United States to offload its U.K. business, Wolseley, for £308 million in cash. The British multinational also highlighted that it expects to complete the transaction by the end…

Ant Group Co Ltd plans on folding consumer lending and the majority of its other online financial operations into a holding company. Sources also confirmed on Tuesday that the said company will be regulated much like a conventional financial firm. It is yet to be revealed if Alipay – the…

German SAP-owned Qualtrics International Inc. said late on Monday that it had filed for an IPO in the United States valued at up to £74.20 million. SAP SE (ETR: SAP) acquired the U.S. based technological services provider in 2018 for £5.94 billion. Qualtrics reports a 32% growth in revenue…

In an announcement on Monday, Delivery Hero SE (ETR: DHER) said it received approval from regulators to takeover Woowa Brothers – the owner of the top South Korean food delivery app. The approval, however, came with a condition that the German food-delivery service will offload Yogiyo – another South…

Paychex Inc. (NASDAQ: PAYX) reported its financial results for the fiscal second quarter on Wednesday that topped analysts’ estimates for profit and revenue. On the back of hawkish performance, the company also raised its guidance for the full year on Wednesday. Paychex shares, that you can learn to…

In an announcement on Monday, Peloton Interactive Inc. (NASDAQ: PTON) said it will acquire Precor for £314.65 million – a move that will ramp up its manufacturing capacity in the United States and expand its footprint in fitness products. Peloton shares jumped roughly 10% in premarket trading on Tuesday…

Cintas Corp. (NASDAQ: CTAS) published its earnings report for the fiscal second quarter on Tuesday that came in better than what analysts had anticipated, despite the ongoing Coronavirus pandemic that has so far infected more than 18 million people in the United States and caused over 327 thousand deaths.

FactSet Research Systems Inc. (NYSE: FDS) reported its financial results for the fiscal first quarter on Monday that topped analysts’ estimates for earnings and revenue. The financial data company acquired Truvalue Labs Inc. (AI-driven ESG data company) in November. FactSet shares slid 1% in premarket trading on Monday…

FedEx Corp (NYSE: FDX) reported its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. At over £15 billion, the company said that its quarterly sales jumped to a record high and its earnings posted a more than 100% annualised growth…

Accenture plc (NYSE: ACN) published its earnings report for the fiscal first quarter on Thursday that came in better than expected. On the back of hawkish performance, the American-Irish company also raised its guidance for the future on Thursday. Shares of the company were reported more than 6% up…

In an announcement on Thursday, Serco Group plc (LON: SRP) said that its underlying trading profit in fiscal 2020 was likely to come in roughly 35% up on a year over year basis. The company also named Nigel Crossley as its next CFO on Thursday. Crossley will take the…