15 April 2021 | 07:25am
StockMarketWire.com - Analytics and eCommerce optimisation company Ascential said it had acquired Toronto-based Perpetua Labs, an eCommerce media optimisation business, for an initial $52 million.
The acquisition marked new territory for Ascential s digital commerce segment, which the business will join, and which to date has exclusively served first party vendors. Perpetua s expertise serving third party vendors, through data-driven solutions, opens the door for Ascential to this large and fast-growing market segment, the company said.
Under the terms of the deal, the initial cash consideration was US$52 million, but included deferred consideration payable over four years, resulting in an estimated total consideration of between US$103 and US$162 million.
15 April 2021 | 12:14pm
StockMarketWire.com - The FTSE 100 gained 0.52% to 6,970 by lunchtime on Thursday, extending its upward trajectory in recent days and taking it back to pre-pandemic levels, after a jump in commodity prices boosted the miners in the index.
Rio Tinto, BHP and Anglo American were all trading higher by midday.
AO World rose 2% to 324p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
15 April 2021 | 08:34am
StockMarketWire.com - The FTSE 100 opened stronger, extending its upward trajectory, led by a climb in miners following a jump in commodity prices.
At 0814, the benchmark FTSE 100 index was up 21 points, or 0.31%, at 6,961.57.
Rio Tinto, BHP and Anglo American were higher.
AO World rose 1.2% to 321p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
15 April 2021 | 16:51pm
StockMarketWire.com - The FTSE closed 0.63% higher on Thursday to 6,983.50, extending its upward trajectory in recent days and taking it closer to the psychologically important 7,000-mark, as new US economic data showed a surge in consumer spending.
There were record highs on Wall Street with the S&P 500 and Dow Jones reaching new heights as unemployment claims in the US dropped in March and retail sales surged.
In company news, AO World rose 1.9% to 323.6p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.