An upside down hype cycle is the reassuring Brexit chart you’ve been looking for July 28, 2016 Meet the chart that might put your mind at ease over the hand wringing brought about by Brexit. Gartner’s hype cycle is the go-to chart that lays out the ups and downs of the trends in technology, if you’re not familiar. There’s the “innovation trigger” stage when ideas are at the earliest research stage, then the “peak [...]
Mark Zuckerberg added $1.9bn to his wealth in less than 24 hours July 28, 2016 How do you fancy making $1.9bn in less than a day? You'd need to have founded the hottest company of the last decade and exclusively wear grey T-shirts – yep, basically, be Mark Zuckerberg. Yesterday the Facebook founder was worth $53.3bn. Today, his wealth stands at an even heftier $55.2bn. Not at all bad for less than 24 [...]
The monster that is Facebook just hit a record high and overtook Exxon July 28, 2016 Shares in Facebook have hit a record high after smashing Wall Street forecasts across the board, helping it briefly overtake oil firm Exxon Mobil to become the fourth largest company in the world. Shares jumped nearly four per cent on the back of a more than impressive 59 per cent growth in revenue while net income rocketed [...]
Apple’s iPhone sales and revenue fall again – but Wall Street’s loving it July 28, 2016 Apple shares have jumped more than seven per cent, breaking through the $100 mark, after reporting earnings and iPhone sales slightly ahead of Wall Street expectations on Tuesday evening. The figures Apple revenue hit $42.4bn in the third quarter, down from $49.6bn in the same period last year and from $50.6bn in the previous quarter. That came in [...]
Just Eat soars to record high delivering upgraded outlook July 28, 2016 Shares in takeaway firm Just Eat have soared to a record high after upping its outlook for the year. The figures Revenue for the first half the year to June was up 59 per cent to £171.6m as like-for-like orders surged 40 per cent. Underliying earnings before interest, taxes, depreciation and amortisation more than doubled to £53.4m [...]
Telefonica reports revenue falls in quarter of O2-Three merger collapse July 28, 2016 Telefonica has reported a near-eight per cent fall in revenue in the quarter its O2 sale fell through. The figures Telefonica UK’s revenue for the quarter was €1.7bn (£1.4bn), down 12.3 per cent. The UK market was the second biggest faller in terms of revenue, behind Latin America, where it fell 14.6 per cent to [...]
Pensions giant L&G invests more than £3m in London auto enrolment fintech firm Smart Pension July 28, 2016 Is auto enrolment London's next technology cash cow? L&G seems to think so: it's invested more than £3m in London pensions firm Smart Pension – which is barely a year old. Although it hasn't disclosed exactly how much it spent, City A.M. understands the figure was higher than Smart Pension's last funding round, earlier this year, in which it [...]
BT just had a really great quarter July 28, 2016 BT surged ahead despite concerns over its Openreach business, sending shares three per cent higher in early trading. The figures Revenues at the telecoms firm jumped 35 per cent in the first quarter to £5.7bn while pre-tax profit increased by 13 per cent on the same period last year to £717m. The recently acquired EE landed [...]
Higher bidder emerges for Raspberry Pi maker Premier Farnell July 28, 2016 Premier Farnell has ditched Datwyler after a higher bidder emerged for the British electronics firm behind the Raspberry Pi mini computer, sending shares soaring. US tech firm Avnet has made a takeover offer of 185 pence per share in an all-cash offer, giving Premier Farnell an enterprise value of £868m. The offer is higher than a bid in June by Swiss [...]
Sky grows revenue and profit as it eyes up European expansion July 28, 2016 Sky shares shot up in early trading this morning after the company revealed it grew revenue and profit on an adjusted basis in the year to 30 June. The figures The broadcaster reported a seven per cent increase in adjusted revenue, up to £11.97bn from £11.28bn the year before. Operating profit went up 12 per cent [...]