Twitter, Uber and Disney: What to expect in the latest round of tech earnings February 9, 2021 Twitter, Uber and Disney will all be under the spotlight as they report fourth-quarter earnings this week. Facebook, Apple, Amazon, Netflix and Google (known as the FAANGs) all closed the year with bumper results as the tech titans continued to cash in on the pandemic. But it will be a more complicated picture for Twitter, [...]
Elon’s Tesla play sends Bitcoin ballistic like one of his SpaceX Falcon 9 Rockets! February 9, 2021 Crypto at a Glance Well, the inevitable indeed happened. After week’s of batted eyelashes, flirty texts, and pumping Doge, Elon Musk finally put up and put out. Musk has boarded the big bus to bitcoin city, population 21 million AND NEVER ANY MORE THAN THAT. via GIPHY That’s right, Elon Musk’s car firm Tesla yesterday [...]
Week in Sportbiz: Fenerbahce step up attacks on beIN; CVC serves up $300m volleyball deal; London pipped by Big Apple; Qatar sales record; Man Utd February 5, 2021 Conflict is in the air at Fenerbahce – and not just because they face rivals Galatasaray in the Istanbul derby this weekend. Mesut Ozil’s new club have embarked on a bizarre crusade against broadcaster beIN Sports, accusing it of conspiring against the club by manipulating VAR and choosing camera angles or highlights that show them [...]
Offices will reinvent themselves to play host to the capital’s social capital February 4, 2021 When Mark Twain’s obituary was prematurely published by an American newspaper, he responded with the now iconic assurance that “the reports of my death are greatly exaggerated.” Over a century later, the same could be said of the capital’s offices. For much of the past year, a growing Niagara of newspaper articles have speculated about [...]
Debate: Was Asos right to pass over Topshop’s physical stores? February 3, 2021 Digital retailer Asos has picked up Arcadia’s principal brands – but they didn’t bother with the physical premises. A good decision? Mike Colling of the Kite Factory says yes: To bring great brands back to life you often have to cut away dead wood. The news that ASOS has bought Topshop & Miss Selfridge has [...]
Amazon earnings: What to expect amid a record-breaking tech boom February 1, 2021 Amazon enjoyed a stellar 2020, so all eyes will be on the ecommerce giant tomorrow night as it reports earnings for the final quarter of the year. Apple last week kicked off tech earnings season with bumper revenue of $111.4 (£81.5bn) — its best ever quarter, while Facebook also beat expectations. Amazon is also expected [...]
The likelihood of a bubble forming in financial markets February 1, 2021 Concerns are mounting as to whether financial markets may have entered bubble territory over the past few weeks. Some analysts are warning that instances of excessive behaviour have become apparent and more frequent. The usual key ingredients to form a bubble in financial markets include cheap credit or easy money and an enticing narrative, with [...]
EU watchdog wants Apple to pay €13bn in back taxes after all February 1, 2021 EU competition enforcers are filing to overturn a verdict which they claim was a legal mistake when it abandoned an order for Apple to pay €13bn (£11.46bn) in Irish back taxes. The decision forms part of the European Commission’s clampdown on ‘aggressive’ tax planning by multinationals. The Commission said in 2016 that two Irish tax [...]
This morning: Silver receives Gamestop treatment on Reddit February 1, 2021 Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in a similar fashion as Gamestop last week. What silver is going through this morning is the same rude awakening financial markets received last week when a swarm of retail investors, who were chatting with each [...]
Digital 9 Infrastructure set for £400m London listing February 1, 2021 Digital 9 Infrastructure, an investment trust, today announced that it was launching a £400m London initial public offering (IPO). The trust, which is newly established, will invest in a range of digital infrastructure assets, including subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks. It will be externally managed by Triple Point [...]