Australia's PEXA shares jump on naming Grab's Russell Cohen as new CEO

PEXA Group appointed Russell Cohen as CEO, boosting investor confidence and shares, while outgoing CEO Glenn King prepares to step down after significant growth and expansion.

Street calls of the week

AbbVie, Nvidia Lead Friday's Market Cap Stock Movers

Singapore’s Grab hikes FY revenue outlook, shares surge 13%

Grab Holdings raised its revenue and EBITDA outlook for 2024, predicting cash flow positivity and significant growth in Southeast Asia, resulting in a share price surge.

Singapore's Grab raises annual revenue forecast, shares jump

Grab Holdings raised its fiscal 2024 revenue forecast due to strong growth in food delivery and ride-hailing, with shares jumping over 10% after announcing better-than-expected earnings.