Apple earnings: What to expect from first quarter results on Tuesday as iPhone 6s and 6s Plus risk sales slowdown January 26, 2016 Apple will reveal its most crucial earnings in years as fears have been stoked about softer sales after the launch of the iPhone 6s and 6s Plus as well as Apple Watch. Revenue is expected to come in at $76.6bn (£53.7bn) and earnings per share of $3.23, a rise of 2.7 per cent and 5.6 per cent, according to analyst [...]
Savills names Nick Ferguson new chairman as Peter Smith steps down January 26, 2016 Savills has named Sky boss Nick Ferguson its future chairman, after Peter Smith steps down from the role in May. Ferguson joins the board as a non-executive director from today (26 January) and will take up the reins when Smith retires after the property group's AGM. Savills chief executive Jeremy Helsby said: "On behalf of everyone at Savills [...]
Argos chief operating officer David Robinson jumps ship to Conviviality Retail January 26, 2016 Argos chief operating officer David Robinson has jumped ship, joining Bargain Booze and Wine Rack group Conviviality Retail. Robinson will join the off licence business, which recently acquired wholesaler and distributor Matthew Clark, as managing director. His start date has not yet been confirmed. During his time at Home Retail Group, where he currently sits on the [...]
EasyJet’s share price dips as airline reveals revenues down after terrorist attacks in Sharm-el-Sheikh and Paris January 26, 2016 EasyJet's share price fell this morning after revealing its revenues have been dampened by reduced demand for flights in the wake of the terrorist attacks in Sharm-el-Sheikh and Paris last autumn. The figures Total revenues fell 0.1 per cent to £930m in the three months to 31 December, with currency headwinds also eating into growth: EasyJet recorded negative [...]
Visa’s contactless payments soar by 250pc in the UK, as firm reports record revenues in Europe January 26, 2016 Cash is no longer king in the UK, where Visa Europe's contactless payments soared by 250 per cent last year. The electronic payments business said that people purchasing items by waving their Visa credit or debit cards over payment terminals now accounts for 1-in-7 of their transactions in the UK, up from just 1-in-25 a year [...]
UK outperforms Europe for early-stage mergers and acquisitions activity despite Brexit fears January 26, 2016 The UK is outperforming the Europe, Middle East and Africa (EMEA) region for early-stage mergers and acquisitions (M&A) activity, according to new research published today. Dealmakers in the country are clearly undeterred by the recent market volatility, with data from financial software provider Intralinks showing that the number of M&A deals that are either in preparation [...]
Iranian banks in talks with regulators over resuming London operations January 25, 2016 Two Iranian banks in London are in talks with UK regulators over resuming operations, according to reports. Melli Bank and Persia International Bank had heavy restrictions placed on them in 2009 when economic sanctions were put on Iran. They are now looking to fulfil Bank of England criteria for financial firms, sources told Reuters. The [...]
Twitter names Nathan Hubbard as interim media head January 25, 2016 Twitter has appointed its commerce chief Nathan Hubbard as interim media head, according to reports. Hubbard's appointment comes after chief exec Jack Dorsey confirmed media head Katie Jacobs Stanton, product vice president Kevin Weil and engineering head Alex Roetter were all departing the company. He also said Skip Schipper, the company's head of HR, will be leaving too. Sources told [...]
Heathrow 13: Airport welcomes guilty verdict for Plane Stupid protesters January 25, 2016 Heathrow Airport has welcomed the news that 13 protesters who caused disruption on a runway last year have been told they are likely to be jailed over their actions. The so-called Heathrow 13, who broke onto a runway last July causing numerous flight cancellations, were found guilty of aggravated trespass and entering a security-restricted area of [...]
Commodities in 2016: Silver could go on a winning streak as experts say capex cuts and increased demand will mean silver rises 20 per cent January 25, 2016 When gold prices rise, silver normally does too – and it tends to outperform the yellow metal. Some commodities specialists think silver prices could stage a recovery this year. “There’s an inherent link between the two. Silver is gold’s little sister and when gold moves higher, silver does too,” says Clive Burstow, manager of Barings Global [...]