Tag: raises
London’s 365 Business Finance Raises $74M
Small- to medium-sized (SMB) lender 365 Business Finance has raised 55 million pounds ($74 million) in debt and equity financing to fund its goal of quadrupling lending by 2023. The equity round was led by Kendal Capital, the global specialty finance investment firm, while the debt facility was concluded with Pollen Street Capital, the London-based
Illumina Raises Revenue Forecast as Gene Sequencing Business is Booming
Dreamstime Text size Illumina ‘s systems are the dominant products used to read the sequence of letters in the genomic code of our DNA, and the San Diego-based company says that demand for gene sequencing is hot. At the annual healthcare conference hosted virtually by JPMorgan Chase yesterday, Illumina said sales grew 39% in 2021
Heap raises $110M to automate analytics for digital experiences
Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more Heap, a platform for digital analytics, today announced that it raised $110 million in a financing round led by Sixth Street and Goldman Sachs with participation from NewView
Black Knight raises its long-term growth forecast as business expands
Black Knight not only again increased its full year 2021 revenue and earnings outlook, it also upped its long-term revenue growth guidance for the first time since it became publicly traded in 2015. The company earned $53.4 million in the third quarter, up from $39.7 million in the second quarter but well below the $127.8
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X52MFADILVMQLEMH6TMKDSDYKI.jpg "Coca-Cola raises profit forecast as strong soda sales counter cost pressures")
Coca-Cola raises profit forecast as strong soda sales counter cost pressures
Bottles of Coca-Cola are seen at a store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau Oct 27 (Reuters) – Coca-Cola Co (KO.N) raised its full-year profit forecast on Wednesday, banking on higher prices and demand for its sodas globally to counter rising costs due to supply chain disruptions. The company’s shares rose
A-B InBev raises forecast after Brazil drives surprise profit rise | Local Business
BRUSSELS — Anheuser-Busch InBev, the world’s largest brewer, upgraded its forecast for 2021 earnings growth on Thursday after posting a surprise increase in third-quarter profit, buoyed by beer sales in Brazil. The Belgium-based maker of Budweiser, Corona and Stella Artois said it expects core profit or EBITDA (earnings before interest, tax, depreciation and amortization) to grow
Sony Raises Forecast as Sales Hold up Amid COVID Damage | Business News
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Sony reported Thursday that its profit fell 54% in the last quarter, mainly due to a one-time tax-related gain that inflated last year’s number. The Japanese electronics and entertainment company managed to maintain results despite the coronavirus pandemic, reporting a 13% rise in quarterly sales. Tokyo-based
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCKDIC5Z6ZLTDOAUOCOMKD3F3Y.jpg "Best Buy sees resilient work-from-home demand, raises sales forecast")
Best Buy sees resilient work-from-home demand, raises sales forecast
Aug 24 (Reuters) – Best Buy Co Inc said on Tuesday strong sales of home theater systems and work-from-home computer equipment despite market fears of pandemic-fueled growth shrinking prompted it to raise its annual comparable sales forecast, sending its shares up 5%. The consumer electronics retailer’s sales spiked last year when Americans, restricted by stay-at-home
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GY5LKY5NC5NTZLM3SIWJG6YQMQ.jpg "IMF raises growth forecasts for rich nations, dims outlook for developing world")
IMF raises growth forecasts for rich nations, dims outlook for developing world
WASHINGTON, July 27 (Reuters) – The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections. The divergence is based largely on better access to COVID-19 vaccines and continued fiscal
/https://specials-images.forbesimg.com/imageserve/610157e3164a36f8f349f14c/0x0.jpg?cropX1=0&cropX2=3192&cropY1=0&cropY2=1795 "Hightouch Raises M To Empower Business Teams With Operational Analytics")
Hightouch Raises $12M To Empower Business Teams With Operational Analytics
Reverse ETL is the hot, popular trend within the modern tech stack. As software firms of all sizes generate more data than ever, their data warehouses are becoming more and more important in facilitating the rise of operational analytics in various internal organizations. Hightouch has ushered in the era of operational analytics by turning “any
/cloudfront-us-east-2.images.arcpublishing.com/reuters/E2SH2DPB4ZIDNC6BKVIHO455TU.jpg "AT&T raises forecast for revenue, HBO Max as business recovers from pandemic")
AT&T raises forecast for revenue, HBO Max as business recovers from pandemic
July 22 (Reuters) – AT&T Inc (T.N) on Thursday raised its full-year financial forecast as the telecoms company emerged from the pandemic with more wireless and internet customers, and beat analyst estimates for phone subscribers and revenue in the second quarter. The results come as AT&T is unwinding its expensive media investments to focus on
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7XATSPJAFBNI5OF5I3IPTJ6XQE.jpg "IMF raises U.S. 2021 growth forecast to 7%, assumes Biden spending plans pass")
IMF raises U.S. 2021 growth forecast to 7%, assumes Biden spending plans pass
Construction workers are seen at the site of a large public infrastructure reconstruction project of an elevated roadway and bridges in upper Manhattan in New York City, New York, U.S., April 22, 2021. REUTERS/Mike Segar WASHINGTON, July 1 (Reuters) – The International Monetary Fund raised its 2021 U.S. growth projection sharply to 7.0% due to
/cloudfront-us-east-1.images.arcpublishing.com/dmn/544SBFSMUT3SKGW34HMTJ3AGKY.jpg "Dallas-based Blucora uses investor day to address concerns over its two companies, raises forecast")
Dallas-based Blucora uses investor day to address concerns over its two companies, raises forecast
Dallas-based financial tech company Blucora defended the synergies of its two businesses during its investor day after a proxy fight earlier this year called them into question. Blucora, which has about 900 employees, with around 80% working in the Cypress Waters development, is divided between two businesses. It has a wealth management division, Avantax Wealth
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SAPWQWVHIJOERI7JDCK5NOS4UI.jpg "OECD raises growth forecasts on vaccine rollouts, U.S. stimulus")
OECD raises growth forecasts on vaccine rollouts, U.S. stimulus
Barges sit at anchor on the Hudson River as sunset falls on the skyline of the west side of Manhattan in New York City, New York, U.S., December 1, 2020. REUTERS/Mike Segar The global economic outlook is improving as vaccine rollouts allow businesses to resume operations and as the United States pumps trillions of dollars
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BBXF5ACMJVJ2BO76M4ZNVHQNI4.jpg "Deere raises earnings forecast, flags production risks")
Deere raises earnings forecast, flags production risks
Deere & Co (DE.N) on Friday raised its full-year earnings on buoyant demand for farm and construction machines, but warned a global shortage of semiconductor chips posed a “significant” risk to its production schedule. As the global economy roars back from the pandemic-induced recession, it is generating unusually high orders for parts and materials at
Cigna raises 2021 profit forecast as health services unit powers growth
A screen displays the logo fro Cigna Corp. on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid U.S. health insurer Cigna Corp (CI.N) on Friday raised its full-year profit and revenue targets after first-quarter profit topped estimates, as it bet on its health services unit
German Government Raises 2021 Economic Growth Forecast | Business News
By DAVID RISING, Associated Press BERLIN (AP) — Germany is raising its economic growth forecast for the year on the expectation of the gradual lifting of coronavirus restrictions and an anticipated rise in domestic spending, the economy minister said Tuesday. Peter Altmaier said gross domestic product is expected to increase 3.5% in 2021 now, up
Chicago company behind Catholic prayer app Hallow raises $12 million
The cash injection for the Chicago-based company was led by General Catalyst and was a big endorsement in the niche religious-app market that typically sees average investment sizes of $2 million, according to data from PitchBook and Crunchbase. Hallow is one of a handful of faith-based meditation and prayer apps that saw a surge in interest after
USDA raises forecast for all-wheat seedings | 2021-04-01
KANSAS CITY — Growers in 2021 intend to seed more area to wheat than in 2020, though it would be the fourth-smallest all-wheat planted area since records began in 1919. All-wheat planted area was projected at 46,358,000 acres, up 5% from 44,349,000 acres seeded in 2020, up 1% from 46 million acres as projected by
USDA raises 2020-21 sugar supply forecast | 2021-02-10
WASHINGTON — Forecast record-high US sugar production and slightly higher imports in 2020-21 boosted the expected ending stocks-to-use ratio to 16.15%, up from 14.4% in January and up sharply from 12.9% in 2019-20, the US Department of Agriculture said in its Feb. 9 World Agricultural Supply and Demand Estimates report. Total domestic sugar production in
Bumble IPO Appeals To Investors, Raises $2.15 Billion| Investor’s Business Daily
Dating app Bumble (BMBL) looked hot with its initial public offering that widely exceeded expectations and raised $2.15 billion. The Bumble IPO priced late Wednesday and trades Thursday. X What makes Bumble different from a bevy of other dating apps is that women make usually initiate contact. The company offered 50 million shares, which they