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Tag: shares

Saudi Arabia to offer .5% for public shares in Aramco

Saudi Arabia to offer .5% for public shares in Aramco

World
Nov. 9 (UPI) -- Saudi Arabia plans to sell up to one-half of 1 percent of its oil company, Aramco, to individual investors, according to a prospectus released Saturday. In what is expected to be the world's largest initial public offering, the kingdom announced last Sunday it will sell the shares on the Saudi Stock Exchange, known as as Tadawul, in December. The value of the company is valued between $ 2 trillion and $ 2.3 trillion, CNBC reported, compared with U.S. oil companies' Exxon Mobil with a market cap of nearly $ 300 billion and Chevron at $ 229 billion. If 0.5 percent is offered, that equates to $ 20 billion to $ 23 billion received in the Public Investment Fund. Saudi Arabia owns about 18 percent of the world's proven petroleum reserves: 260 billion barrels "The price at whic...
Watch: BTS shares ‘2019 Summer Package in Korea’ teaser

Watch: BTS shares ‘2019 Summer Package in Korea’ teaser

Entertainment
Aug. 26 (UPI) -- South Korean boy band BTS is giving fans a new glimpse of its 2019 Summer Package in Korea. The K-pop group released a new preview Monday for the annual release. The teaser shows BTS members Jin, Suga, J-Hope, RM, Jimin, V and Jungkook relaxing in the Korean countryside. The boy band enjoys food, goes paragliding and plays games. BTS released a first preview Aug. 15 showing stylized shots of the members.[embedded content] BTS has previously visited Saipan, Dubai and Kota Kinabalu for its summer packages. This year's package includes a DVD, a photobook, mini posters and other items. BTS announced this month it will take an extended period of rest and relaxation. The members will use the hiatus to "recharge and prepare to present themselves anew as musicians and creators....
Eddie Stobart chief leaves as shares suspended

Eddie Stobart chief leaves as shares suspended

Business
Eddie Stobart has suspended trading in its shares and announced that its chief executive will stand down with immediate effect, as the firm looks into accounting discrepancies.The firm also warned its results for the first half of 2019 would be "significantly lower" than forecast.The transport company, known for its green and red lorries, revealed a £2m error in its 2018 results last month.A review of past accounts uncovered the problem.The review is being undertaken by chief financial officer, Anoop Kang, who joined in April, alongside external auditors. It found that in 2018 operating profits were overstated by about 4%.Publication of the firm's results for the six months to 31 May has also been delayed, They were due to be released on 29 August, but ar
Uber shares tumble as profit figures disappoint Wall Street

Uber shares tumble as profit figures disappoint Wall Street

Technology
Uber's shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations.Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss.Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive pressures are easing.But that didn't stop Uber's share price tumbling 13% in after-hours trading.On Wednesday, rival Lyft reported figures that were generally welcomed on Wall Street, and there was an expectation that Uber would also post positive numbers.But Uber's loss widened to $ 5.2bn (£4.3bn) in the three months to 30 June, from $ 878m in the quarter last year. The figures reflected $ 3.9bn of share-bas