Shares fall in Google parent Alphabet as Justice Department probe looms June 3, 2019 Shares in Google parent Alphabet took a beating this afternoon after reports that the company is about to be hit with a competition investigation. The company tumbled more than six per cent as markets opened in New York, its biggest drop since 30 April when it showed low revenues in its financial results. Read more: [...]
Trump backs out of Christchurch online terror pledge May 15, 2019 The United States has refused to join other nations in signing a pledge to tackle the spread of violent and extremist content online. The White House said while it supported the document’s overall goals, it is “not currently in a position to join the endorsement”. Named the Christchurch Call, the statement asks governments and companies [...]
Royal Returns – Interactive Investor on funds and trusts fit for children May 15, 2019 | City Talk By Jemma Jackson from interactive investor. Whilst the latest addition to the Royal family won’t want for much, it’s unlikely that any investments made on his behalf will be left to languish in cash. This contrasts with the majority of the nation’s Junior ISAs, where 70 per cent by number are in cash in the 2017/18 [...]
Shareholders call for Google parent Alphabet to be broken up May 1, 2019 A group of shareholders in Google's parent firm Alphabet has called for the company to be broken up, following a string of complaints against the firm regarding alleged human rights abuses and excessive founder dominance. Read more: Google parent Alphabet misses estimates as EU fine takes its toll The resolution, submitted by four members of [...]
Not so lucky: Google’s share price falls eight per cent after disappointing results April 30, 2019 Shares in Google’s parent company Alphabet fell more than eight per cent in early trading in the US today after its results for the first quarter disappointed last night. Revenue rose 16.7 per cent to $36.3bn (£27.8bn) for the three ended 31 March, its slowest pace in three years, missing analyst estimates of $37.3bn according [...]
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Google paid $105m to two executives accused of sexual harassment March 12, 2019 Google paid a total of $105m (£79m) to two executives after they were accused of sexual harassment, according to court documents released last night. The lawsuit, filed by shareholder James Martin, confirms previous reports that Android creator Andy Rubin was paid $90m after he allegedly coerced sex from a colleague. Read more: Fintech superstar Marta [...]
Turbulence and tailwinds: how savers can seek returns and save the planet February 14, 2019 Isa season is upon us. With just a few weeks left to go before the end of the 2018/19 tax year, canny savers are scrambling to use up their tax-free allowance before the 6 April deadline. The task became more of a challenge this year after the government, in a bid to bolster Britain’s savings culture, [...]
Google beats estimates on revenue and profit, but shares fall on rising costs February 4, 2019 Google's parent firm Alphabet topped consensus estimates in its fourth quarter results tonight, surpassing expectations for revenue and profit. The tech giant reported net income of $8.9bn (£6.8bn), marking a turnaround from a $3bn loss in 2017 when it recorded a one-off tax charge of $9.9bn. This outperformed the average analyst prediction of $7.7bn, as collated by [...]
Big tech firms like Google, Amazon and Facebook spent a record amount on political lobbying last year January 24, 2019 Google, Amazon and Facebook's bill for lobbying the US government hit record highs last year, as life under the Trump administration put big tech firms in the spotlight. Google parent firm Alphabet said it spent $21.2m (£16.3m) on political lobbying costs in the US last year, topping its previous all-time high of $18.2m achieved in 2012. It [...]