Apple’s value loses billions and tech share prices tumble July 22, 2015 European tech stocks have tumbled this morning after a string of muted results from the likes of Microsoft, IBM and Apple, which lost billions from its value in after-hours trading following a more reserved set of numbers from its third quarter earnings. The FTSE Eurofirst 300 tech index was trading down this morning while Arm's [...]
Tesco’s Harris + Hoole coffee shops lose founders and bosses Nick, Andrew and Laura Tolley July 22, 2015 The founders and bosses of Harris + Hoole, the coffee shop chain part-owned by Tesco, are leaving the company amid the supermarket's asset sell off. The sibling founders Nick Tolley, Andrew Tolley and Laura Tolley, who are chief executive, coffee director and chief design officer respectively will depart next month, Retail Week reports, retaining their [...]
EasyJet share price soars as revenue beats expectations July 22, 2015 The figures Revenue dropped at EasyJet in the second quarter, yet the turbulence was less severe than had been feared by the low cost airliner. Read more: EasyJet strike could cause a new headache for budget airline The better than expected results triggered a four per cent rise in EasyJet's share price in early trading. Europeans' [...]
Flybe’s share price soars as turnaround plan takes hold and passenger numbers rise July 22, 2015 Flybe's share price was soaring this morning as investors digested the progress being made on the struggling airline's turnaround plan. The budget airline, which issued an encouraging trading update for the first quarter, said it had managed to cut the cost of a UK seat by 3.4 per cent to £51.92. It is [...]
Apple’s chip maker Arm’s share price has dropped, despite upping its dividend by 25 per cent July 22, 2015 Apple's chip maker Arm Holdings's share price dipped this morning, despite upping its interim dividend 25 per cent after being buoyed by yet another strong quarter. The figures: Group revenues for the second quarter were up 15 per cent year-on-year in dollar terms, or 22 per cent in sterling. Most of that came from [...]
Barclays and UK fraud office eye deal over criminal probe into Qatar July 21, 2015 Barclays is widely believed to be in talks with the Serious Fraud Office (SFO) over a potential deal to resolve a long-running criminal probe into the bank’s dealings with Qatari investors in 2008. The SFO has proposed the possibility of a deferred prosecution agreement (DPA) linked to the bank’s fundraising activities during the financial crisis. [...]
Ashley Madison’s hacking affair: Is a London IPO now a fling too far after data breach? July 21, 2015 Ryainair boss Michael O’Leary is no shrinking violet, but even Ashley Madison, the controversial adultery website hacked on Monday, proved too much for the colourful Irishman. The Ryanair chief was offered €120,000 (£84,350) by Ashley Madison last year to paint its logo on one of its planes, but turned them down. The incident [...]
Rothesay Life racks up biggest buy-in of 2015 with new £1.6bn CAAPS deal July 21, 2015 Insurance firm Rothesay Life has completed a £1.6bn bulk annuity deal with the Civil Aviation Authority Pensions Scheme (CAAPS), the second largest buy-in ever secured by a UK pension scheme. The arrangement is also the largest de-risking transaction completed so far this year. Rothesay Life has now written £3.4bn of new business year-to-date in 2015. [...]
Apple Watch sales “beat internal forecasts”, selling more than iPad or iPhone in its first quarter July 21, 2015 As Apple released the first set of results from the tech giant to include Apple Watch sales, the one question everyone wanted answered was: How has the Apple Watch fared? A flop or a success for the company? Curious investors were left to wonder, however, as Apple did not break out unit sales for its [...]
Apple earnings: Profits soar as China continues to boost iPhone 6 sales – but share price slides seven per cent July 21, 2015 Despite beating analysts' sales and revenue expectations again, Apple share fell by seven per cent after the company reported selling fewer iPhones than forecast and lowered fourth quarter profit guidance. The figures Smashing through what is traditionally its slowest sales period, Apple has reported a quarterly record-high revenue of $49.6bn, beating analysts' forecasts for the [...]