A talismanic leader who leaves the world a richer place October 6, 2011 IT’S OFTEN said that Steve Jobs didn’t give a fig about maximising shareholder value. Considering how good he was at it, it scarcely matters. When he rejoined Apple in 1997, its stock was worth $5-a-share while its market cap – mostly accounted for by cash and other tangibles – was a whisker under $5bn. Now [...]
Apple stock avoids the feared lurch downward October 6, 2011 APPLE stock resisted the expected downward lurch in the wake of Steve Jobs’ death, falling only slightly yesterday. It closed at $377.37 after initially surging above $380 a share – still below its September high of $423. Steve Jobs’ long battle with pancreatic cancer rocked Apple’s share price on several occasions, with rumours of a [...]
ANALYSIS | Apple Inc October 6, 2011 FORCED OUT OF APPLE After a tussle Jobs is turfed out of the company, with John Sculley now in charge APPLE GOES PUBLIC Jobs takes the firm he co-founded public. Its shares rise by a third during their first day trading JOBS BUYS PIXAR He snaps up the computer animation company from George Lucas for $10m [...]
CITY VIEWS: CAN APPLE EVER REPLACE STEVE JOBS? October 6, 2011 CLIVE GILBERT | INCEPTA “You never know if Apple will find another great innovator like Steve Jobs. Who at Apple could fill his shoes? I think everyone should watch the share price.” PAUL SMITH | LLOYDS “Jobs was a part of a team, nothing lasts forever and you can’t expect Apple to not replace his [...]
In a chaotic world, business needs competent generals. A military expert weighs in October 6, 2011 VINCE Cable is not known for his military commentary. So when he recently declared that the economy more closely resembled warfare than any other human condition, he caught the headlines; I believe he also got it dead right. Why are we surprised by the analogy? Business and warfare are fundamentally forms of adversarial engagement, where [...]
The great green roadblock in the path of recovery October 6, 2011 DAVID Cameron wants the coalition to be the “greenest government ever”. But it is doubtful this aim is compatible with strong growth and economic recovery. New Labour’s climate change targets were very ambitious but the coalition has now gone even further. The government has committed to targets that imply in just twenty years’ time nearly [...]
Decoding the protests occupying Wall Street October 6, 2011 AMERICA’S left may finally have found its answer to the Tea Party. Over the last four weeks, the Occupy Wall Street (OWS) movement has gone from a local curiosity to a national phenomenon, with copycat protests in several cities across the US, including Washington DC. In a sure sign that it is being taken more [...]
RAPID RESPONSES October 6, 2011 Inflexible traders As your Q&A on Monday said, the London transport system is going to struggle to cope during the Olympics and most businesses are going to look at ways for employees to work remotely. But City traders are one of those increasingly rare professional groups whose remote working practices are restricted. One of the [...]
Investments that are as safe as houses October 6, 2011 TUMULTUOUS financial markets have not turned off the property investor. Indeed, the luxury London and world cities markets are booming. Catherine Cockcroft of estate agent Aylesford says: “Investing in bricks and mortar has proved to be a reliable asset because stocks and shares are extremely unsteady, interest on savings is nominal and a reasonable pension [...]
STANMORE, HA7 October 6, 2011 CASTLE KEEP PENTHOUSE Price: £999,995 Castle Keep Penthouse is a duplex apartment over two floors and a roof terrace. It has high ceilings, an elegant dining room with a marble fireplace, three double bedrooms all en suite, a luxury bespoke oak-finished kitchen, guest cloakroom and laundry room. Contact: Savills on 01923 824 225 or go [...]
