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Automation Services Provider ActiveCampaign Raises 240M

Reuters ActiveCampaign, a cloud software platform that provides automation tools, said on Wednesday it had raised 240 million in fresh funding, valuing the company at more than 3 billion. The company said the Series C funding round was led by investment firm Tiger Global with new investment from Dragoneer, while existing investors including Susquehanna Growth […]
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Bunzl Eyes Further Acquisitions Post Pandemic

April 21 Reuters Bunzl is planning to step up acquisitions of smaller businesses, its chief executive said on Wednesday, after revenues were driven higher during the COVID19 pandemic by a surge in demand for masks, gloves and hand sanitizer. The British firm, which supplies companies with personal protection equipment, cleaning chemicals, disposable tableware and other […]
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Auto Retailer Lithia Motors Profit Beats on Strong Demand

Reuters Lithia Motors Inc topped Wall Street estimates for firstquarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector. Lithia said its total vehicle […]
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Record Copper Scrap Flows this Year wont Plug Deficit

LONDON, April 21 Reuters Supplies of copper scrap will jump this year due to decade high prices, but are unlikely to come fast enough to meet robust demand, leaving shortages that are expected to trigger stock draws and further price gains. Copper prices around 9,400 a tonne are close to 9,617 hit in February, the […]
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Politics Cast a Long Shadow over Russian Stocks

LONDON, April 21 Reuters Foreign investors relatively high exposure to Russian equities and the sectors heavy focus on energy could add to pressure on the countrys stocks, which have struggled to weather recent political storms, analysts said. Russias MSCI equity index has crept some 3 higher since the start of the year, not too far […]
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Deliverect Connects to Delivery Boom with 65M Funding

BERLIN, April 21 Reuters Belgian software startup Deliverect, which connects delivery companies to restaurants, said on Wednesday it had raised 65 million from investors to invest in growth after clocking up a total of 1 billion in orders processed. Deliverect serves UberEats, Deliveroo, Doordash and Just Eat Takeaway, and the Series C fund raising comes […]
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FTSE 100 Rises on Boost From BP, Shell

April 21 Reuters Londons FTSE 100 rebounded from a 2 fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat Takeaway.com slipped to the bottom of index following Uber Eats plan to foray into the German market. The bluechip index rose 0.4, with oil majors BP Plc and […]
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