Tech giants Meta and Amazon drive tech rally; Apple suffers from China woes February 2, 2024 Meta surged 15% post-market on strong revenue, dividend, and a $50 billion buyback; Amazon rose 7% on solid earnings and AWS growth; however, Apple fell 3% on a China sales miss and revenue forecast drop.
Trump’s data protection case dismissed by English court February 1, 2024 The former US president’s High Court lawsuit against British corporate intelligence consultancy was dismissed by a judge today in London. The defendant is Orbis Business Intelligence, founded by former government intelligence professionals Christopher Steele, who previously ran the Secret Intelligence Service’s (MI6) Russia desk, and Christopher Burrows. Donald Trump’s claim concerned a dossier which was [...]
Club L London: Sales almost double as profits rise and headcount jumps February 1, 2024 Sales have almost doubled at fashion retailer Club L London during a year which also saw its profits and headcount jump.
Allwyn takes over National Lottery today after ‘legal issues’ delayed promises February 1, 2024 Allwyn is set to take over as the National Lottery operator today, marking the first time the licence has changed hands in thirty years.
Elon Musk to hold ‘immediate’ shareholder vote on moving Tesla fully to Texas February 1, 2024 Elon Musk has said Tesla will "move immediately" to hold a shareholder vote to transfer the company's state of incorporation to Texas.
BT: Openreach grows as business unit lags for Britain’s biggest telecoms firm February 1, 2024 BT is showing shoots of growth, with total revenue up three per cent in the nine months to December, after it added 432k Openreach customers.
Housing is a business issue, and nowhere more so than in London February 1, 2024 Ask business leaders in private what’s bothering them and the usual list is predictable enough: the markets, performance, getting the right team in place. Recently, we’ve heard a new one feature in more than a few conversations: whether London can keep its edge as the place to be for their talented young staff. The capital [...]
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Earnings watch: Apple, Amazon, and Meta reports to set market tone February 1, 2024 Earnings reports from tech titans Apple Inc, Amazon.com, and Meta Platforms Inc, slated for Thursday, are poised to steer stock movements this week.
Microsoft and Google: Results show a cautious market reaction to AI spending January 31, 2024 Microsoft and Google both reported strong quarterly earnings today but the tech giants failed to satisfy the market.