What’s in store for equities in 2019? January 7, 2019 There does not appear to be a lot of cheer for markets as 2019 begins. Risk appetite is strained, and havens are bid with some soft data from China and a rare profits warning from Apple combining to spook equity investors. Volatility came back with a vengeance in 2018 as a turn in the US [...]
Apple profits warning a red flag on China, but company also to blame January 7, 2019 For a while now there’s been an adage in the markets that as long as Apple was doing fine, everyone else would be OK. Therefore, Apple’s rare profits warning is a red flag for market watchers. The question is to what extent this is more Apple-specific, or more macro? Certainly, the shock letter to investors [...]
DEBATE: With Apple sales slowing and the share price tumbling, is China to blame? January 7, 2019 With Apple sales slowing and the share price tumbling, is China to blame? Neil Goddin, manager of the Kames Global Equity fund, says YES. Unlike the western world, the Chinese people are likely to support their country in the midst of a trade war by not buying American if they don’t need to. They would not [...]
The big takeaway: How City Pantry is stirring up the catering industry January 7, 2019 London's food revolution has happened remarkably quickly. In a matter of years, the city has opened up to a world of cuisine, and is now home to more street food vendors than you can shake a crab stick at. Take sushi shops: almost unheard of in London 20 years ago (many Brits grimaced at the thought [...]
Huawei punishes staff after Happy New Year tweet sent from an iPhone January 4, 2019 Huawei staff have reportedly been punished after Twitter followers were wished a happy new year from the official account via an iPhone. The tweet was posted on New Year’s Day, wishing followers a "Happy #2019", but the message included automated text telling users it came “via Twitter for iPhone”. While the company promptly deleted the tweet, [...]
US stocks tumble as Apple slump and trade war fears trigger market rout January 3, 2019 A fresh wave of paranoia has spread across Wall Street triggered by Apple’s slump and mounting fears of an global economic slowdown. Sentiment worsened as US manufacturing activity slowed to a two-year low after a sharp drop in new orders in December, helping knock more than 550 points off the Dow Jones during an unforgiving [...]
Wall Street shares plummet after Apple warning over China slowdown January 3, 2019 Wall Street shares have plummeted in response to Apple’s warning over a slowdown in China. All three major US indices tumbled on opening as Apple’s nine per cent fall caused another painful day for investors. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for [...]
Cooked: Apple shares spiral as investors fight back in securities fraud lawsuit January 3, 2019 Shares in Apple opened 8.6 per cent down on Wall Street this afternoon, after a shock revenue warning from chief executive Tim Cook caused shivers across global markets and exchanges. In an open letter to investors published last night, Apple cut its revenue forecast for the busy Christmas quarter by 7.8 per cent. The tech giant is [...]
Luxury retailers hit by Apple warning over Chinese slowdown January 3, 2019 Shares in luxury retailers have plunged after Apple blamed a Chinese economic slowdown for its worse than expected sales performance. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for its second revenue warning last night. Luxury retailers have subsequently suffered as analysts said investors [...]
Apple’s sales warning hits European stocks as it places the blame on China January 3, 2019 Apple sent shockwaves through global markets last night after it issued a second consecutive warning against its sales performance, causing suppliers' stocks, European markets and emerging currencies to spiral. Chief executive Tim Cook cut Apple's quarterly sales target late last night, blaming weak iPhone sales in China and fewer customers upgrading their iPhones in an open [...]