Prosus NV

European stocks rose on Monday as gains in technology shares and upbeat earnings reports helped investors look past the possibility of extended lockdowns as many countries grapple with new variants of the novel coronavirus.

European shares marked their strongest close in 10 months on Monday, with German shares hitting a record high as relief over long-awaited U.S. coronavirus relief, a Brexit trade deal and a vaccine programme lifted spirits in thin holiday trade.

Online education is about to get an economics lesson. Covid-19 lockdowns rang the bell worldwide for virtual-school financiers, who ploughed money into the burgeoning business from the United States to China. Stragglers should start getting weeded out in 2021.

* Prosus revenue increased 53% to $2.17 bln (Adds details from media call)

Technology investment company Prosus NV said on Monday core earnings for the six months ended Sept. 30 surged 29% to $2.2 billion, as proceeds from its lucrative stake in China's Tencent offset losses at its other online businesses.

Prosus NV, a technology investment company, on Monday said core earnings for the six months ended Sept. 30. grew by 29% to $2.2 billion, due to its lucrative stake in Tencent and growth at the companies it owns.

Prosus NV <PRX.AS>, the giant investor in online classifieds, food delivery, and payments, expects to report 16.9-22.7% growth in earnings per share for the six months to the end of September, it said on Monday.

Prosus, the giant investor in online classifieds, food delivery, and payments, expects to report 16.9-22.7% growth in earnings per share growth for the six months to Sept. 30, it said on Monday.

Dutch technology investor Prosus <PRX.AS> said on Friday it would buy back up to $5 billion in its own and South African parent Naspers' <NPNJn.J> shares, as part of efforts to narrow a discount between the companies' share prices and underlying assets.

Shares on the Johannesburg Stock Exchange (JSE) fell sharply on Friday, giving up gains made earlier in the week, amid concerns that rising coronavirus cases around the world could delay economic recovery.

Surging technology stocks are increasing their influence over European stock markets, with Prosus <PRX.AS> poised to snatch a key spot in the continent's leading index.

European shares closed slightly higher on Monday as growth-sensitive cyclical stocks got a boost from improving economic data out of China, but renewed U.S.-China tensions hit technology shares.

European shares inched higher on Monday as a decline in China's producer prices slowed and oil prices rose, while investors looked to Washington for signs of more U.S. stimulus.

European shares closed higher on Friday, marking weekly gains as investors focused on a broadly supportive earnings season and improving economic data in Europe rather than rising U.S.-China tensions.

European shares slipped on Friday after their Asian peers were hit by a further escalation in U.S.-China tensions, but an upbeat earnings season and hopes of more stimulus kept most regional indexes on course for weekly gains.

U.S. firm eBay Inc has agreed to sell its classified ads business to Norway's Adevinta in a deal worth $9.2 billion, creating the world's largest classifieds group, the companies said on Tuesday.

Jamie Iannone, eBay’s chief executive since April, may have chalked up an early win for shareholders in the $41 billion e-commerce group. He’s close to agreeing a $9 billion cash-and-stock sale of eBay’s classifieds business to Norway’s Adevinta, Reuters reported on Monday...

Norway's Adevinta has won the auction to buy the bulk of eBay's classified ads unit for nearly $9 billion, with the U.S. e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters on Monday.

European stocks were hit by a selloff in technology shares on Tuesday, as U.S. peers slumped on fears of new coronavirus restrictions, while London blue-chips outperformed on a boost for the telecoms and energy sectors.