Apple posts record quarterly revenue on China sales and iPhone demand July 27, 2021 Apple has beat analysts’ expectations and posted record quarterly revenue on surging demand for premium versions of its iPhones, subscription services, and strong China sales growth. Revenues grew by more than a third to $81.4bn this quarter, up 36 per cent from last year and driven by better-than-expected iPhone sales. This beat analyst expectations of [...]
Google owner Alphabet smashes earnings estimates on digital advertising boom July 27, 2021 Google parent company Alphabet sprinted past revenue expectations for the second quarter, as the pandemic-induced surge in online shopping powered companies’ digital advertising spend. The tech giant posted revenue of $61.88bn in the three months to 30 June, up 62 per cent from the same period last year, and miles in front of Wall Street estimates [...]
Microsoft beats Wall Street expectations on soaring demand for cloud computing July 27, 2021 Microsoft beat earnings expectations and posted a rise in revenue for the fourth quarter, as the ongoing shift to remote working bolstered demand for its cloud computing services. Microsoft reported a 21 per cent rise in revenue to $46.2bn in the three months ending 30 June – beating analysts’ consensus estimates of $44.24bn, according to [...]
Morrisons’ biggest shareholder refuses to back £6.3bn Fortress-led takeover bid July 27, 2021 Morrisons’ largest shareholder has announced “it is not inclined to support” a £6.3bn takeover bid by a consortium led by SoftBank-owned Fortress. Silchester International Investors, which owns 15.1 per cent of Morrisons, said in a statement on Tuesday evening that “there is little in the recommended offer that could not be achieved by Morrison as [...]
Rio Tinto to build $2.4bn lithium mine in green energy metals push July 27, 2021 Rio Tinto Group has announced it will build a $2.4bn lithium mine in Serbia, in a bid to become the largest source of lithium supply in Europe for fifteen years. It represents the first move by one of the world’s mining giants to focus on metals that will help them capitalise on the electric car [...]
Refusing to take Covid vaccine is selfish, says Michael Gove July 27, 2021 People who refuse to take the Covid vaccine are selfish and putting peoples’ lives at risks, according to Michael Gove. The chancellor of the Duchy of Lancaster also said “some form of certification” was “the right way to go” for things like nightclubs and mass events. More than 70 per cent of adults have received both [...]
DaBaby’s Boohoo deal in doubt after rapper’s homophobic rant at concert leads to backlash July 27, 2021 FTSE-listed online fashion giant Boohoo has today swiftly condemned an onstage rant by one of it’s fashion line colab partners, DaBaby, as it mulls ditching the rapper from its stable of stars that hawk its clothing lines. DaBaby, a US rapper who features on the Due Lipa US top 10 hit Levitating, has a fashion [...]
UK Covid cases have now fallen for seven days in a row. Is this the beginning of the end? July 27, 2021 The number of people testing positive for new cases of Covid-19 has now fallen for seven days in a row, prompting thoughts that the UK may be through the worst of the third wave of the pandemic. But are they justified? A seven day stretch of falling case rates last happened in summer last year, [...]
Wizz Air’s controversial £100m bonus plan for CEO voted through by shareholders July 27, 2021 A £100m bonus is one step closer for Wizz Air boss Jozsef Varadi, after more than 60 per cent of shareholders gave the airline’s remuneration strategy the green light at its AGM today. Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy [...]
Tory China hawks urge PM to dismiss concerns over cutting out China from nuclear plant July 27, 2021 A trio of Tory MPs have called on Boris Johnson to ban a China-owned company from owning a Suffolk nuclear plant amid concerns the move could jeopardise the status of a future site. Reports circulating yesterday suggested the Prime Minister was preparing to ban China General Nuclear Power Group (CGN) from retaining majority ownership of the [...]
