Google turns 21: US tech giant is now old enough to drink September 27, 2019 As Google turns 21 today, there can be no better time to review the last 21 years of the all-powerful search engine. On 27 September 1998, Sergey Brin and Larry Page launched an early prototype of what they called a ‘large scale search engine’ while studying for their PhDs at Stanford University. Read more: Google [...]
Shares in Upper Crust owner SSP slump on economic uncertainty warning September 26, 2019 Shares in travel retail operator SSP Group, which owns Upper Crust and Ritazza, slipped five per cent this morning as it warned on the impact of airline capacity cuts and ongoing economic uncertainty. The firm said it expects group revenue to rise despite facing challenges including the grounding of Boeing Max 737 planes and protests [...]
FTSE 100 rises as US-China trade talks boost European stocks September 26, 2019 European stocks climbed this morning as investors were buoyed by optimism over trade talks. Trade-sensitive technology stocks led the gains after the bell opened, with markets reacting to comments from China that its tariff negotiations with the US were progressing. The FTSE 100 rose 1.25 per cent to roughly 7,380, shrugging off a series of [...]
Hopes of US-China trade truce boosts stocks on Wall Street September 24, 2019 US stocks edged up today amid mounting optimism over trade talks between the US and China. The S&P 500 and Nasdaw Composite both rose by slightly over 0.5 per cent after trading opened. Meanwhile, the Dow Jones industrial average rose 117 points, or 0.4 per cent, led by a rise in Apple’s share price following [...]
Google advertising overtakes rival Facebook in app downloads market September 24, 2019 Adverts on Google now drive more app downloads than adverts on Facebook, marking the first time the search giant has overtaken its Silicon Valley rival. Google has increased its share of the app installation sector eightfold in the last five years and is now the largest player in the app marketing space, according to marketing [...]
Thomas Cook goes bust: How did it end up like this? September 23, 2019 Britain’s 178-year-old travel firm Thomas Cook officially collapsed into administration in the early hours of this morning after last-ditch rescue talks with lenders failed. The UK’s aviation regulator, the Civil Aviation Authority (CAA), is now in the process of escorting back home hundreds of thousands British holidaymakers who are abroad after booking with Thomas Cook. [...]
Tui share price soars as rival Thomas Cook bites the dust September 23, 2019 Tui’s share price bumped up almost 10 per cent today after Thomas Cook fell into liquidation. Travel operator Tui saw shares rise just shy of 10 per cent before trimming gains to stand 7.7 per cent up at 903p in early trading as its rival collapsed under the weight of a £1.7bn debt mountain. Read [...]
Oil prices post weekly gains despite last-minute dip on renewed trade tensions September 21, 2019 Oil prices fell on Friday on renewed concerns that the US-China trade war could escalate, but still posted strong weekly gains. Brent ended the week with its biggest increase since January following the attack on Saudi Arabia’s oil facilities last weekend. Read more: Oil prices plunge as Saudi production could return sooner than expected On [...]
Watchdog probes West Coast rail franchise award to First Group and Trenitalia September 20, 2019 Britain’s competition watchdog has said it is investigating the award of the West Coast partnership to First Group and Trenitalia. The Competition and Markets Authority (CMA) is looking at whether the joint operation could lead to “a substantial lessening of competition within any market”. Read more: Saga profits slump The CMA is inviting comments on [...]
How can it be both the best of times and the worst of times for markets? September 12, 2019 As the sleepy months of late summer fade away, investors put down the classics and pick up the financial pages as markets resume their usual commotion of activity. We should use it to reflect on what has been a great year for investors, despite the recent market wobbles. Indeed, equities continue to rally, with the [...]