Screenshot: How Reddit shone a light on the madness of markets January 29, 2021 This week **Media Moment of the Week: Das ist Numberwang! **How Redditors beat the market at its own game **Do influencers need a rebrand? Media Moment of the Week: Das ist Numberwang! This week’s media moment is one that journalists the world over would probably rather forget but, being the intrepid media reporter that I [...]
Tech training top of the agenda for UK businesses January 28, 2021 UK businesses are prioritising digital transformation amid the pandemic with tech training coming top of the agenda. The pandemic has seen a rapid uptake in digital adoption as consumers are forced to shop online and businesses are being forced to adapt. An overwhelming majority of large firms have said the pandemic has prompted them to [...]
Competition watchdog opens probe into Facebook’s Giphy takeover January 28, 2021 The UK competition watchdog has launched a formal investigation into Facebook’s takeover of popular gif search engine Giphy. Facebook last year announced it planned to merge the gif-maker with Instagram in a deal worth a reported $400m (£321m). The Competition and Markets Authority (CMA) served an initial enforcement order in June, forcing the social media [...]
Easyjet revenue collapses 90 per cent amid newest restrictions January 28, 2021 Easyjet today saw total revenue shrink nearly 90 per cent for the first quarter as the coronavirus pandemic showed no signs of abating. The budget carrier started the new financial year as it finished the last one, with revenue slumping to a mere £165m for the three month period. The plunge was announced a day [...]
Apple earns $100bn in single quarter January 27, 2021 Silicon valley giant Apple has earned more than $100bn in its first quarter of 2021, making it one of just a handful of firms to ever have done so. Apple’s revenue for the quarter ended December 26 rose 21 per cent to $111.44 billion. Earnings per share rose to $1.68 from $1.25. Analysts had expected [...]
FTSE 100 dips as sterling rallies and investors await big tech earnings January 27, 2021 The FTSE 100 fell on Wednesday as sterling rallied amid US stimulus speculation and investors eyed a busy day of tech earnings on Wall Street. London’s blue-chip index is down 2.2 per cent to 6,539 points while the more domestically-focused FTSE 250 was trading flat. Boris Johnson confirmed the third lockdown would continue until 8 [...]
Apple set to break $100bn quarterly sales record as tech boom continues January 27, 2021 Apple’s bullish run shows no signs of slowing down, with the tech giant expected to join an exclusive club of companies to have earned revenue of more than $100bn (£730m) in a single quarter. Analysts have predicted quarterly revenue of $102.6bn for the iPhone maker, which would mark year-on-year growth of 12 per cent — [...]
Homeserve appoints ex-DCC boss as chairman January 27, 2021 Homeserve has this morning appointed Tommy Breen as its new chairman, the home improvements firm announced. Breen will replace long-serving Barry Gibson, who has held the role of chairman since 2010. He will step down in May, when Homeserve presents its full year results. Breen, a chartered accountant by training, joins the FTSE 250 firm [...]
Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook January 27, 2021 Markets in Europe look set to continue to be driven by the prospect of further restrictions being imposed by governments concerned about seeing further increases in coronavirus cases, from speculation about a third lockdown in France, which could come by the weekend, to the prospect of further restrictions here in the UK in the form [...]
Toyota RAV4 Plug-in review: an expensive way to save money January 26, 2021 The Toyota RAV4 Plug-in is a part-electric, part-hybrid SUV with impressive fuel economy and emissions – but a high price tag.