Customers stay sweet on Cadbury’s despite low-tax owner October 17, 2018 Last week, several news outlets carried the news that Mondelez International – owners of chocolatier Cadbury – paid no corporation tax in 2017, though the company made profits of £185m. Mondelez’s subsidiaries were reported to have paid a combined total of £5.9m to HMRC. The news drew opprobrium from figures such as shadow chancellor, John [...]
Nine Elms project One Embassy Gardens put on the market for £160m October 11, 2018 One Embassy Gardens, a flagship Nine Elms office block located next to the new US embassy, is being put up on the market for £160m today, as developers hope to lure in buyers for one of Europe’s largest regeneration zones. Ballymore's planned sale comes 10 months after the developer secured the tenancy of Penguin Random House, with [...]
Apple to buy parts of European chipmaker Dialog Semiconductor in $600m deal October 11, 2018 Apple said today it has entered into a deal to acquire parts of European iPhone chipmaker Dialog Semiconductor, in a deal valued at $600m (£454m). Apple will gain some patents and a team of engineers from the chip designer, and cement a three-year contract for Dialog to continue building chips for its iPhone and iPad products. The transaction [...]
FAANGs out: Tech stocks set to continue slide after losing $172bn in a single day October 11, 2018 Yesterday's $172bn (£130bn) tech stocks slide is set to worsen today, as pre-market trading indicates each of the so-called FAANG companies could stand to lose further value. Amazon was the worst hit overnight, losing an additional 2.24 per cent on top of yesterday's 6.15 per cent slide which wiped around $56bn off its market capitalisation. Apple [...]
High Court blocks iPhone data breach suit against Google October 8, 2018 The UK's High Court has blocked a mass legal action court case against Google, which claimed the tech giant had collected sensitive information from over 4m iPhone users. The tech giant faced claims that it circumvented the privacy settings installed on Apple's iPhone Safari browser between August 2011 and February 2012, using a method known as the [...]
Apple exec Angela Ahrendts bags $28m shares bonus October 7, 2018 One of Apple's retail bosses Angela Ahrendts made a whopping $28m (£21.m) last week through bonus shares thanks to the tech giant's stock price going through the roof. Ahrendts was given restricted stock units when she joined the company from Burberry in 2014, and has benefited hugely from Apple's share price nearly tripling since she was first hired. When she [...]
UK cyber security agency backs Apple and Amazon’s denials of Chinese hardware hack October 5, 2018 The UK's National Cyber Security Centre (NCSC) said it had no cause to doubt statements made by Apple and Amazon yesterday, denying a Bloomberg report that malicious computer chips were placed inside their equipment by foreign agents. Bloomberg cited 17 anonymous sources across US intelligence agencies and company insiders, who stipulated Chinese intelligence officials had infiltrated [...]
Apple and Amazon deny reports of Chinese hardware hack October 4, 2018 US tech giants such as Apple and Amazon have denied reports of a Chinese hack on their hardware systems, after a Bloomberg investigation claimed malicious computer chips were placed inside equipment by foreign agents. Bloomberg cited 17 anonymous sources across US intelligence agencies and company insiders, who stipulated Chinese intelligence officials had infiltrated around 30 US [...]
Tesla shares bounce back after Elon Musk agrees to step down as chairman October 1, 2018 Tesla shares have jumped over 16 per cent following a backlash last week over the company's $40m (£31m) fine from the US Securities and Exchange Commission (SEC). Musk has been pursued by the SEC over a tweet he sent in August saying he has secured funding to take Tesla private at $420 per share. The SEC said [...]
We are veering towards a Brexit brain drain – it’s time for brands to shake things up September 26, 2018 There is a lack of innovation among British businesses; this was a problem highlighted in our latest research. It’s also a problem which threatens the future of UK businesses outside of the EU bloc, potentially hindering our ability to attract and retain talent. Fast-growing economies such as China, Indonesia, India, the US, and Germany [...]