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 service called Bolt Market in 10 European countries over the ...

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) during the second quarter, Ferrari said, compared with an average ...

Bloomberg European stocks climbed on Monday along with US index futures as positive corporate earnings and economic data offset lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant. Carmakers and retailers led the advance in the Stoxx Europe 600 index. Earnings beats from the likes of HSBC Holdings Plc, Axa SA and Heineken NV buoyed ...