Last Week in the City: August rate rise now less likely July 20, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (16 to 20 July 2018). The chances of an interest rate rise at the Bank of England’s August meeting appeared to recede this week after inflation data was more subdued than expected and retail sales data [...]
Amazon (AMZN) reaches $900bn market cap milestone in a race with Apple (AAPL) to become the first trillion-dollar company | City A.M. July 18, 2018 Tech giant Amazon briefly broke past the $900bn (£689.7bn) market value mark today, making it the second company ever to reach the milestone. The company hit $902bn in a session high earlier today, after its share price rose 0.8 per cent at $1,858.88. Apple is the only other company to be valued above that mark, [...]
Google’s record $5bn fine: Here’s how the industry reacted July 18, 2018 Tech goliath Google was hit with a record-breaking €4.3bn (£3.8bn) fine by European antitrust regulators today over “serious illegal behaviour” with its Android operating system. Brussels concluded that Google forced smartphone makers to favour its own products such as Search and Chrome if they wanted to run on Android, which is used on 80 per [...]
Debate: Given Netflix’s share price dive, should investors be worried about the future of the streaming service? July 18, 2018 Given Netflix’s share price dive, should investors be worried about the future of the service? Yes – Rebecca O'Keeffe is head of investment at Interactive Investor. Netflix is fundamentally a subscriber stock, and this key metric is showing some worrying signs. Not only did Netflix significantly miss on its second quarter targets for both its [...]
Digital screens and VR is cool, but artificial intelligence is creepy to most consumers | City A.M. July 18, 2018 Fingerprint scanners, voice recognition, targeted ads, home voice assistants. These technologies are all part of everyday modern life and are revolutionising the way retailers sell their products to consumers across the world. But have we actually taken the time to stop and consider what customers think of our ever increasing arsenal of tech tricks to [...]
Former Apple employee pleads not guilty to stealing trade secrets for Chinese rival | City A.M. July 17, 2018 Ex-Apple employee Xiaolang Zhang pleaded not guilty in a Californian court today, after he was accused by federal prosecutors of stealing trade secrets. Zhang was indicted last week on a single count of trade secret theft, on the back of evidence submitted by Apple which alleged he accepted a job at Chinese rival Xmotors, then [...]
Ceru review: Say hello to the new Levantine star of Soho | City A.M. July 17, 2018 This former pop-up has just opened a second permanent home in the ultra-competitive foodie heart of Soho, at 11 D’Arblay Street. Ceru is short for cerulean, the blazing shade of azure, which is a reference to the colour of the sea around the Levant, the region this restaurant celebrates. For the geographically challenged, it’s the [...]
Google’s record-breaking $11bn fine over Android market dominance set for Tuesday July 15, 2018 Sources have said that technology superpower Google is set to face the music on Tuesday, as European Union antitrust regulators are rumoured to have made a final decision against its Android operating system. A meeting deciding the company’s fate had been scheduled by the European Commission for last Tuesday, however it was moved without warning. [...]
Apple reveals fastest ever Macbook Pro with new professional features and leather cases | City A.M. July 12, 2018 Apple has today announced the new Macbook Pro 2018 as its fastest performing notebook ever, with larger memory and better security. While the dimensions and display of the new Macbook Pro are completely unchanged from last year’s models, Apple has updated the internal hardware to its most advanced offering yet. The computer comes with an [...]
Sony Xperia XZ Premium review: A premium device that puts Sony back in the game July 12, 2018 The Sony Xperia XZ Premium looks like the futuristic phone your younger self imagined you’d be using in the year 2017. It’s huge and silver (well, at least the silver version is) and resembles something an alien might insert into a glowing slot to power up his or her spaceship. While other phones try to [...]