By Reuters Staff
(Corrects percentage change in paragraph 15 to 46%, not 42%)
April 26 (Reuters) - Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by record deliveries, robust demand from China and environmental credit sales.
Tesla posted record deliveries in the first quarter despite a global chip shortage that has slammed auto sector rivals. Model Y production in China has spurred demand there.
Still, the world’s most valuable automaker, whose shares jumped more than eight-fold last year, faces challenges of living up to its valuation and managing expectations.
Shares of the company were down about 3% in extended trading.
3 Min Read
(Corrects headline and first paragraph to clarify company is selling more than one business. Corrects paragraph 7 to say company sees annual profit ahead of its expectations not more than 900 million pounds) To sell FirstStudent, FirstTransit to EQT Infrastructure Proposes 30p per share return to shareholders in 2021 Shares rise as much as 19% to highest level in 13 months
April 23 (Reuters) - FirstGroup agreed to sell two North American bus businesses for $4.6 billion including debt to Swedish private equity firm EQT Infrastructure on Friday, to focus on its bus and rail operations in the UK.
Shares in the FTSE 250 firm, which operates First Bus and four train contracts in Britain, surged 19% in early trade to hit a more than one year high of 101.3 pence.
4 Min Read
(Corrects paragraph 8 to show PNG reported 82 new COVID-19 cases on Monday, not 97 new cases on Tuesday) Australian request could escalate stand-off with EU Australia says PNG is in desperate need EU blocked shipment of COVID-19 vaccines this month
CANBERRA, March 17 (Reuters) - Australia said on Wednesday it will ask the European Union to release 1 million doses of a COVID-19 vaccine to help Papua New Guinea (PNG) battle a dangerous outbreak, a request that is likely to inflame tensions over vaccine supplies.
Prime Minister Scott Morrison said the vaccines were contracted to Australia but were badly needed to contain a surge in coronavirus cases in the Pacific island nation, parts of which are just a short boat ride from Australian territory.
4 Min Read
(Corrects paragraph 8 to show PNG reported 82 new COVID-19 cases on Monday, not 97 new cases on Tuesday) Australian request could escalate stand-off with EU Australia says PNG is in desperate need EU blocked shipment of COVID-19 vaccines this month
CANBERRA, March 17 (Reuters) - Australia said on Wednesday it will ask the European Union to release 1 million doses of a COVID-19 vaccine to help Papua New Guinea (PNG) battle a dangerous outbreak, a request that is likely to inflame tensions over vaccine supplies.
Prime Minister Scott Morrison said the vaccines were contracted to Australia but were badly needed to contain a surge in coronavirus cases in the Pacific island nation, parts of which are just a short boat ride from Australian territory.