Wall Street opens higher after lacklustre jobs data May 7, 2021 Wall Street opened higher this afternoon, powered by gains for major tech stocks after new data showed US jobs growth fell well short of expectations. The Dow Jones opened 0.2 per cent higher, while the S&P 500 and Nasdaq were up more than 0.3 per cent and 0.7 per cent respectively. Highly valued tech stocks [...]
Screenshot: Is Trump’s Facebook ban too hot to handle? May 7, 2021 This week **Media Moment of the Week: Brits love bent coppers **Is Trump’s Facebook ban too hot to handle? **ITV’s Summer of Love (Island) Media Moment of the Week: Brits love bent coppers Ok, so you might not have been the biggest fan of the Line of Duty season finale on Sunday. In fact, you [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
Drinking around the world: Tasmania is a winemaker to watch May 5, 2021 You have probably never considered stocking up on wine from either Swansea or St Helens. Both are on Tasmania’s Great Eastern Wine Trail, one of four in Australia’s island state. Tassie, the “Apple Isle”, is also home to the Tamar Valley wine road, the East Coast route and the Cradle Coast region, which boasts Ghost [...]
FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
Demand for new iPhone sees Apple post record quarterly revenue April 28, 2021 Apple has posted record quarterly revenue on surging demand for new iPhone and pandemic-induced buying for its other profits. Revenues more than doubled from $23.6bn to $89.6bn this quarter. Apple earned $1.40 per share, beating expectations of 99 cents. It follows a record performance in the first quarter when the company broke the $100bn quarterly [...]
Facebook beats expectations as ad spend surges April 28, 2021 Facebook beat Wall Street expectations for quarterly revenue on increased digital ad spend as the world emerges from lockdown restrictions. Total revenue, which primarily consists of ad sales, jumped to $26.17bn in the three months to 31 March, beating estimates of $23.67bn. Earnings came in at $3.30 per share versus the expected $2.37 forecast. Facebook [...]
FTSE 100 rises while US stocks mixed as investors await Fed meeting April 28, 2021 The FTSE 100 closed higher after a busy day of results while US stocks are mixed as investors awaited the outcome of the US Federal Reserve’s policy meeting. London’s blue-chip index closed 0.27 per cent higher boosted by a series of positive earnings updates from WPP and Lloyds. Investors’ focus now turns to the US [...]
Spotify hits subscriber targets as pandemic party continues April 28, 2021 Spotify today reported subscriber growth at the top end of its targets for the first quarter as strong momentum from a pandemic-induced boom in trading continued into 2021. The music streaming giant posted 21 per cent year on year growth in premium subscribers to 158m after it added 4m in the first three months of [...]
Spotify earnings: Is the music streaming giant facing a subscriber lag? April 28, 2021 Spotify will be in the spotlight this afternoon as it reports its first-quarter figures, with all eyes on the streaming giant’s subscriber numbers. The Swedish music platform enjoyed a bumper year in 2020, with paid subscribers hitting 155m thanks to higher demand for music and podcasts during the pandemic. But Spotify warned that pace of [...]