Apple’s store on Regent St bears fruit September 1, 2009 APPLE’S flagship store in London is so successful that it rakes in more than double the amount of cash per square foot than most of its rivals. The Regent Street store took £60m for the year ending September 2008, giving it a sales density of £2,000 per square foot. In comparison, the average Currys store [...]
Google’s printing deal is revolutionary September 17, 2009 GOOGLE has come in for a lot of flak from publishers, some of it justified. But if you want to understand why it remains an exceptional company, there is no better place to start than with its latest deal. Over the last seven years, Google has scanned 2m out-of-print books from libraries and made them [...]
The internet brands that consumers trust the most July 7, 2009 THE Tories have said that they will embrace the age of “open source”, making government information open for “mash-ups” and even letting patients store their NHS data with commercial companies like Microsoft and Google, rather than with the NHS. This is part of their post-bureaucratic age (PBA) agenda, of which more below. So which companies [...]
US corporate news continues to rule July 19, 2009 BEN Bernanke, chairman of the US Federal Reserve, will make his semi-annual report on monetary policy tomorrow at 2pm London time. It’s expected to take a fairly upbeat overall tone on the state of the economy, but the markets will be focussing on the implications of his thoughts on inflation, and the merest hint of [...]
US corporate news continues to rule July 19, 2009 BEN Bernanke, chairman of the US Federal Reserve, will make his semi-annual report on monetary policy tomorrow at 2pm London time. It’s expected to take a fairly upbeat overall tone on the state of the economy, but the markets will be focussing on the implications of his thoughts on inflation, and the merest hint of [...]
First drop in revenue for Microsoft July 23, 2009 SOFTWARE giant Microsoft yesterday posted its first drop in revenue since it went public in 1986, after it was hit by the global downturn and falling sales of its key products. The world’s biggest software firm said revenue for the three months to the end of March was $13.65bn (£8.3bn), a drop of six per [...]
First drop in revenue for Microsoft July 23, 2009 SOFTWARE giant Microsoft yesterday posted its first drop in revenue since it went public in 1986, after it was hit by the global downturn and falling sales of its key products. The world’s biggest software firm said revenue for the three months to the end of March was $13.65bn (£8.3bn), a drop of six per [...]
Online auctioneer eBay slows its decline as PayPal pays off July 22, 2009 AUCTION website eBay reported a 29 per cent fall in second-quarter profit yesterday, but saw its shares rise as it beat analysts’ expectations. Net profit was $327.3m (£199m), or $0.25 a share, down from $460m, $0.35 a share, in the equivalent quarter of 2008, while revenues fell marginally, down to $2.1bn from $2.2bn. Excluding one-off [...]
LoveFilm set to cash in on sale June 14, 2009 LOVEFILM, the online DVD rental company which has had storming growth thanks to titles such as Slumdog Millionaire, is understood to be considering a stock exchange listing which could provide a £14m windfall for the company’s management. Chief executive Simon Calver has hired investment bank Jefferies to assess strategic options, with a possible sale of [...]
LoveFilm set to cash in on sale June 14, 2009 LOVEFILM, the online DVD rental company which has had storming growth thanks to titles such as Slumdog Millionaire, is understood to be considering a stock exchange listing which could provide a £14m windfall for the company’s management. Chief executive Simon Calver has hired investment bank Jefferies to assess strategic options, with a possible sale of [...]