What the other papers say this morning – 11 April 2014 April 10, 2014 FINANCIAL TIMES Banks urged to act over Heartbleed A US regulator has warned that cyber criminals could be impersonating bank services or stealing users’ online banking passwords after the “Heartbleed” bug, called one of the most significant breaches of internet security ever, was discovered in the software used to secure two-thirds of the web. The [...]
What the other papers say this morning – 16 April 2014 April 15, 2014 FINANCIAL TIMES Market troubles dent Moelis flotation Boutique investment bank Moelis raised $163m from its US initial public offering after last-minute investor concerns forced it to shrink the size of its share sale and cut the price of the deal below its expected range. The IPO is the latest to come under pressure on the [...]
Google I/O 2014: Expect Google TV, Google Glass, Android Lollipop and wearables June 25, 2014 Google’s I/O conference brings together developers from across the world to see the latest breakthroughs, products and software created by the internet giant. The event kicks off later today, but speculation is rife about the announcements due to come out of San Francisco. Here’s what’s expected (in addition to guests pulling up in Google's driverless [...]
New York Report: Shares bounce back in the US April 8, 2014 US STOCKS rose yesterday, snapping a three-day losing streak as investors bought beaten-down social media and internet shares. The day’s biggest gainers included Amazon, up 2.9 per cent, Yahoo, up 2.3 per cent, and LinkedIn, up 5.9 per cent. The Global X social media index rose 2.4 per cent to close at 18.50. But gains [...]
Marx was wrong (cont): Corporate giants are inherently fragile June 17, 2014 ONE of Karl Marx’s big theories was that capitalism had an inherent tendency towards monopoly and would thus self-destroy. The idea remains widely held, and is one reason countries operate stringent anti-trust regulations. But it’s a little more complicated than that. First, many monopolies or quasi-monopolies are actually created by the state, rather than resulting [...]
Best of the Brokers for 17 March 2014 March 17, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISONS Cantor Fitzgerald keeps its “buy” rating and puts its target under review after the supermarket’s profit warning last week. The broker thinks the shares will be supported by the prospect of a takeover by the likes of Amazon or a grocery rival [...]
Bottom Line: Bookbuyers need time – and tea February 2, 2014 WHAT is a bookshop for? Waterstones boss James Daunt is staunching the bleeding, as shown by the slowing rate of losses in the latest results. But to cure the patient, he needs an answer to that question. It’s harder than it seems. With Amazon winning on volume and price, chains like Waterstones need to find [...]
Amazon ends free delivery for orders of less than £10 July 23, 2013 ONLINE shopping giant Amazon yesterday scrapped free delivery on many orders worth less than £10, in a sign that the retailer may finally be attempting to improve profitability. The change, which was announced with immediate effect, means thousands of small items will no longer be accessible for supersaver delivery, which takes up to five days [...]
Any Other Business – 14/04 April 14, 2014 THERE’S a manhunt afoot following Southeastern’s revelation that a senior City executive, thought to be a hedgie, had racked up a record breaking £43,000 in dodged fares over the past five years and had to pay out a £42,550 penalty plus £450 in legal fees in the past few weeks. The fund manager had been [...]
The data toolkit: What small and medium-sized firms need to know May 28, 2014 BIG DATA has moved beyond the technology hype cycle, and is now a cornerstone of digital economies across the world. As we approach 30 per cent of humanity connected to the web, big data has become relevant to companies of all sizes. Although we have a large number of SMEs in the UK relative to [...]