City Moves for 1 May – Who’s switching jobs at Mirriad, Discoverie Group and SCS Group? May 1, 2019 Today's City Moves includes Mirriad, Discoverie Group and SCS Group. Mirriad Mirriad, the computer vision and AI platform company, has announced abBoard change as Stephan Beringer, chief executive officer, continues his strategic refocusing of the business. John Pearson is appointed to the role of non-executive chairman, with effect from 30 April. He was previously appointed [...]
Game of phones: Apple predicts iPhone rebound as Samsung tanks April 30, 2019 Apple beat Wall Street estimates on both revenue and profit last night, as the tech giant forecast a comeback in iPhone sales later this year. The move followed rival Samsung reporting its worst profit drop in two years, falling 63 per cent year-on-year to 6.2 trillion won (£4bn). Smartphone companies worldwide have been hurt by [...]
Amazon boss Jeff Bezos tops list of Silicon Valley’s best performing tech CEOs April 30, 2019 Amazon’s share price has risen by 83 per cent year-on-year, making boss Jeff Bezos the US’s best performing tech chief executive. The online shopping platform’s share price has jumped $69.53 on average per year during Bezos’ 22-year reign as Amazon’s chief executive. Read more: Investigator accuses Saudi Arabia of hacking Jeff Bezos's phone In 1997, which [...]
Your guide to US results season Q1 2019 April 30, 2019 By Jemma Jackson from interactive investor. Home or away? interactive investor comment as US earnings season kicks off ahead of expectations So far, the news has been generally positive, with banks having noted an improvement in Net Interest Margins (the difference between the rate at which they borrow and lend). Industrials have also provided a [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]
Apple recalls plug adapter over electric shock fears April 26, 2019 Apple has recalled certain plug adapters in the UK over fears they could cause an electric shock. The tech giant has recalled the AC wall plug adapter shipped with Macs and iOS devices between 2003 and 2010 and included in the Apple World Traveller Adapter Kit. Read more: Microsoft’s valuation breaks through $1 trillion mark [...]
Amazon smashes profit predictions on soaring cloud services demand April 26, 2019 E-commerce giant Amazon reported a significant jump in profit tonight to soar past average analyst expectations, in addition to matching estimates on revenue. The company’s net income for the first three months of 2019 more than doubled year-on-year to reach a record $3.6bn (£2.8bn), or $7.09 per share, compared to the average estimate of $4.72. [...]
Microsoft’s valuation passes $1 trillion as competition with Apple and Amazon heats up April 25, 2019 Microsoft’s valuation briefly exceeded $1 trillion (£776bn) for the first time yesterday after the firm posted strong revenue and profit growth in its quarterly results. Shares in the US tech behemoth rose as high as $130.87 in late trading, taking its market capitalisation past rivals Apple and Amazon and beyond the coveted $1 trillion mark. [...]
The Huawei 5G partnership is a threat to the UK’s national security April 25, 2019 Imagine if you were told that your new home internet network was going to be part built and maintained by a company alleged to have links to some of the most prolific identity thieves in your area. In all likelihood, you would change your provider. Yet that is precisely the course of action the British [...]