Google parent Alphabet beats revenue estimates bringing it closer to $2 trillion club February 2, 2022 Google parent Alphabet beat analysts’ estimates for quarterly revenue last night, as businesses spent heavily on online ads to attract customers during the Christmas shopping period. Revenue rose to $75.33bn (£55.69bn) in the fourth quarter from $56.90bn (£42.1bn) a year earlier, well above Wall Street estimates of $72.17bn (£53.35bn), according to IBES data from Refinitiv. [...]
TfL faces D-Day, as government funding expires on Friday February 2, 2022 Transport for London (TfL) is about to face its D-Day as the latest round of government funding is set to expire on Friday. “I see it as existential for TfL, as it will determine the TfL of the future,” said TfL’s commissioner Andy Byford this morning during a board meeting. “What we do and what [...]
Reddit co-founder launches $500m crypto VC fund February 2, 2022 Reddit co-founder Alexis Ohanian has raised $500m across two new VC funds focussed primarily on crypto startups.
Total Energies teams up with Chinese oiler to invest $10bn in Uganda and Tanzania February 2, 2022 Total Energies and CNOC have brokered a deal with Uganda and Tanzania to invest more than $10bn in developing crude oil production in East Africa.
M&G backs ‘bioprinter’ firm Nuclera with $10m injection February 2, 2022 Global investment firm M&G has announced it will pump $10m into biotech company Nuclera to accelerate the rollout of the firm's 'bioprinter' technology.
The New York Times hits 10m subscriber target thanks to The Athletic and game expansion February 2, 2022 The New York Times surpassed market expectations today as digital subscriptions boomed for the 170-year-old newspaper.
Eurozone inflation hits record high piling pressure on ECB to act February 2, 2022 Inflation in Europe is running at its highest level ever, turning up the dial on the European Central Bank to rein in ultra-stimulative policy, reveals official figures released today. Prices are 5.1 per cent higher than they were a year ago in January, the hottest rate of inflation in the area of countries using the [...]
Owner of Christian Dior perfume to move from Oxford St to Kensington February 2, 2022 The perfume giant behind brands including Christian Dior and Givenchy is to shut shop at its flagship Oxford St and head to a new site in Kensington. The Lancer Square development in W8 is set to welcome LVMH Perfumes & Cosmetics, which produces Dior, Givenchy and Guerlain fragrances. The perfume retailer is under offer on [...]
Law firm partners prefer to work from the office while juniors favour working from home February 2, 2022 Most lawyers are in favour of a hybrid model of working, which would see workers come into their offices for at least one day a week, according to a poll from legal recruitment firm Major, Lindsey & Africa. Meanwhile only 10 per cent would prefer to work entirely remotely. However the figures revealed a split [...]
It’s a myth that ETFs are eating the world February 2, 2022 ‘Software is eating the world’: so wrote the US venture capitalist Marc Andreessen back in 2011. From today’s perspective, with companies like Alphabet, Microsoft and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock chief executive Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise [...]
