S&P 500 and the Nasdaq set to fall after Apple and Amazon disappoint October 29, 2021 The S&P 500 and the Nasdaq indexes are expected to feel the repercussions of Apple and Amazon's supply chain woes.
The gold rush for David Bowie’s music copyright October 29, 2021 David Bowie’s estate is in talks to sell his songwriting catalogue for bids of around $200m.
More shame than a name: Will the real Mark Zuckerberg please stand up? October 29, 2021 What’s in a name? asks a star-crossed lover. The answer, she discovers, is everything. The tragedy of Romeo and Juliet is the realisation that neither can escape the fate dictated by their two names: Montague and Capulet. In Silicon Valley, one firm has alighted on a similar problem. Facebook’s leadership has realised, at last, that [...]
Apple results: Shares dive after tech giant misses expectations October 28, 2021 Apple saw record revenues of $83.4bn (£60bn) in the three months to September but a failure to live up to analyst expectations saw the firm’s shares plummet five per cent almost immediately. Revenues, though up 29 per cent year on year, were around a billion-dollars shy of Wall Street’s consensus expectations of $85bn, with earnings-per-share [...]
Treasury makes £1.5bn from pandemic stock market frenzy October 28, 2021 Next year, the Treasury is expected to make £1.5bn from stamp duty taxes on shares, as a result of the pandemic stock market frenzy, which saw many first-time investors put money into the market, the Evening Standard reported. While this year duty taxes on shares were £800m higher than £3.4bn that was initially forecast by [...]
Double-digit growth predicted for Apple October 28, 2021 Apple expected to announce "double-digit revenue growth" despite supply chain and iPhone lag.
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
Top 10 most shorted UK stocks: Ailing Cineworld tops the list once more October 27, 2021 Cineworld, Metro Bank and Sainsbury’s are among the UK’s most shorted stocks, new analysis has revealed, as rising interest rates couple with a slower Covid recovery in some footfall-reliant sectors. The most-shorted company is Cineworld, which has had a rough ride during the pandemic after it was forced to close it 9,518 cinema screens during [...]
Ready to check in: Hotel room demand jumps by 184 per cent as travel restrictions ease October 26, 2021 Global hotel prices are on the rise as demand surges after most travel restrictions are eased. The global travel industry was severely wounded by the Covid-19 pandemic with airlines, hotels, and travel agents seeing their customer base evaporate overnight due to strict travel restrictions coming into force across much of the world. But through increased [...]
Big spenders: Fortnite rakes in $5.1bn from gamer purchases October 26, 2021 Fortnite has been revealed as the most profitable mobile gaming app as its owners continue a bitter legal dispute with Apple. The world’s most popular online game raked in $5.1bn this year from some 300m users who spent an average of $17 each according to new research by KLOC digital solutions. Pokémon trailed in second [...]