Tuesday , August 3 2021

Bolt lifts valuation to $4.8b in delivery push

Bloomberg Bolt Technology OU, which competes with Uber Technologies Inc in Europe and Africa, doubled its valuation to $4.8 billion after raising money to finance a grocery-delivery service. The Estonia-based company raised 600 million euros from investors including Sequoia Capital and Tekne Capital Management to finance a 15-minute grocery delivery ...

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Ferrari delivers solid earnings before new CEO arrival

Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) ...

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