European tech stocks slump in worst fall for seven years on Apple woes November 20, 2018 European technology stocks have been hit by their biggest quarterly drop since 2011, after production worries for Apple caused a global industry wobble. Stocks on the pan-European stoxx 600 tech index fell more than 1.8 per cent in trading this morning, hitting its lowest level since February 2017 and charting a quarterly loss of more than 14 [...]
Banks should watch out – the fintech era has barely begun November 20, 2018 The fintech sector makes a lot of noise in London. There’s an endless stream of news about open banking and challenger banks, while the traditional finance sector watches on with a mixture of admiration and suspicion. Banks have come under attack, not only from the hype-machine, but more meaningfully from startups. Traditional finance providers that assumed [...]
Black Friday footfall to dip as retailers extend discounting into the weekend November 19, 2018 Footfall during this year’s Black Friday is expected to slide, with fewer consumers feeling the urgency to shop on Britain’s high streets as retailers plan to extend the frenzied day of discounting into the weekend. Research out yesterday from analytics firm ShopperTrak is predicting the volume of shoppers on the high street will be 6.5 per [...]
Two headquarters are better than one: Amazon confirms New York and Virginia will be home to new HQs November 13, 2018 Web giant Amazon has confirmed it will build its new headquarters in New York City and Northern Virginia, after reports earlier this morning. The online retailer has whittled down over 230 proposals, and decided to split its second North American headquarters over two sites. The projects, which were announced today, will create up to 50,000 [...]
Consumer spending falls in October as shoppers continue to abandon the high street November 13, 2018 UK consumer spending dipped in October after having risen for two months, with an e-commerce rebound propping up a two per cent fall in face-to-face sales. Expenditure has fallen in six of 10 months so far this year, adding to a cocktail of concerns for bricks-and-mortar retailers, according to Visa UK Consumer Spending Index data [...]
Victoria & Abdul star: More TV shows should be set in London November 12, 2018 Streaming giants Amazon Prime Video and Netflix should explore producing more shows set against the backdrop of London, said Victoria & Abdul star Ali Fazal. Fazal, who starred as the companion of Queen Victoria, played by Oscar-winning actress Dame Judi Dench in the 2017 film, told City A.M.: “London is one of the greatest cities in [...]
Alibaba’s record-breaking Singles Day sales hit $10bn in first hour November 11, 2018 Online retail giant Alibaba today smashed records for the largest shopping day on the planet, making sales of over $1bn (£770.5m) in just 85 seconds. The sales came during Singles Day, the world’s largest online retail festival. Alibaba’s total sales hit $10bn after one hour and had reached over $24bn after 16 hours. The festival's sales eclipse the estimated [...]
Amazon to stock iPhones for Christmas after promise to clamp down on fake Apple products November 10, 2018 Parents or partners of Apple fans will be able to turn to Amazon this Christmas to buy the latest iPhone for their loved ones. In the next few weeks, the online retail giant will start selling iPhones and iPads in the US, Europe, Japan and India, expanding its previously limited range of Apple products. However, customers [...]
Editor’s Notes: We shouldn’t look to the police to protect us from offence November 9, 2018 One of our most popular columnists, Kate Andrews, enjoyed her latest outing on Question Time last week. During a discussion about online abuse and freedom of speech, David Dimbleby made an unusual intervention to highlight the appalling levels of abuse that Kate suffers on social media following an appearance on the show. “This afternoon I was [...]
ITV warns that economic uncertainty will hit advertising revenues November 7, 2018 ITV's share price fell almost 3 per cent today to 150p as it predicted a dip in advertising revenue at the end of the year as continued economic uncertainty takes its toll on the broadcaster. The channel's performance in the first nine months of the year was in line with expectations, recording a six per cent increase in [...]