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Shopify Beats Estimates, Sees Revenue Growth Slowing in 2021

Shopify Slips After Warning Revenue Growth Will Slow in 2021 Bloomberg 2/17/2021 Danielle Bochove (Bloomberg) Canadian e-commerce firm Shopify Inc. says it will take advantage of “unprecedented opportunities” in 2021 to speed up innovation and expand into new markets, but warned that its growth rate will slow. Popular Searches Revenue will grow “rapidly” this year but not as quickly as in 2020, when it increased 86% to $2.93 billion, the company said Wednesday. It didn’t give specific guidance on earnings for the current year. The arrival of vaccines could see some consumer spending rotate back to bricks-and-mortar retailers, Ottawa-based Shopify said. Shopify fell as much as 8.8% in intraday trade in New York before recovering to close down 3.3% at $1,425.

Ares Scraps $4 9 Billion Bid for Australia s AMP

Ares Scraps $4.9 Billion Bid for Australia’s AMP; Shares Slump Bloomberg 2/11/2021 Matthew Burgess and Nabila Ahmed © Bloomberg Signage for AMP Ltd. adorns the top of company s Bourke Place building in the central business district of Melbourne, Australia, on Thursday, May 10, 2018. AMP expects further payouts to customers amid an inquiry review. (Bloomberg) AMP Ltd. may be forced to sell its business in pieces after Ares Management Corp. scrapped a A$6.4 billion ($4.9 billion) bid for Australia’s oldest wealth manager, sending shares tumbling in the latest setback for long-suffering investors reeling from years of scandal. Popular Searches Ares told AMP that it doesn’t intend to proceed with its bid for the whole company after making an indicative offer last year, according to an AMP statement Thursday. The U.S. private equity firm is still interested in AMP Capital, the firm’s A$190 billion asset management unit that invests across unlisted

Ares Scraps $4 9 Billion Takeover Bid for AMP

Ares Scraps $4.9 Billion Bid for Australia’s AMP; Shares Slump Bloomberg 2/11/2021 Matthew Burgess and Nabila Ahmed © Bloomberg Signage for AMP Ltd. adorns the top of company s Bourke Place building in the central business district of Melbourne, Australia, on Thursday, May 10, 2018. AMP expects further payouts to customers amid an inquiry review. (Bloomberg) AMP Ltd. may be forced to sell its business in pieces after Ares Management Corp. scrapped a A$6.4 billion ($4.9 billion) bid for Australia’s oldest wealth manager, sending shares tumbling in the latest setback for long-suffering investors reeling from years of scandal. Popular Searches Ares told AMP that it doesn’t intend to proceed with its bid for the whole company after making an indicative offer last year, according to an AMP statement Thursday. The U.S. private equity firm is still interested in AMP Capital, the firm’s A$190 billion asset management unit that invests across unlisted

Ares Scraps $4 9 Billion Takeover Bid for Australia s AMP

Ares Scraps $4.9 Billion Bid for Australia’s AMP; Shares Slump Bloomberg 2/11/2021 Matthew Burgess and Nabila Ahmed © Bloomberg Signage for AMP Ltd. adorns the top of company s Bourke Place building in the central business district of Melbourne, Australia, on Thursday, May 10, 2018. AMP expects further payouts to customers amid an inquiry review. (Bloomberg) AMP Ltd. may be forced to sell its business in pieces after Ares Management Corp. scrapped a A$6.4 billion ($4.9 billion) bid for Australia’s oldest wealth manager, sending shares tumbling in the latest setback for long-suffering investors reeling from years of scandal. Popular Searches Ares told AMP that it doesn’t intend to proceed with its bid for the whole company after making an indicative offer last year, according to an AMP statement Thursday. The U.S. private equity firm is still interested in AMP Capital, the firm’s A$190 billion asset management unit that invests across unlisted

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