Ocado shares rise as it is dubbed the ‘Microsoft of retail’ June 20, 2018 Shares in online grocer Ocado climbed more than six per cent in early trading today, after a broker called it the "Microsoft of retail". The newest entrant to the FTSE 100 was the top riser this morning, leading the way in the All-Share index as well as the blue-chip benchmark. The boost came after analysts [...]
Trade war fears spook markets after Trump threatens China with tariffs June 19, 2018 Markets in the US tumbled on Tuesday night after US President Donald Trump’s shock threat to impose a 10 per cent tariff on $200bn (£152bn) of Chinese goods late on Monday. China described the US threats as “extreme pressure and blackmailing” and vowed swift retaliation. The threat of new tariffs and fears of further trade [...]
CYBG agrees deal with Virgin Money June 18, 2018 This morning CYBG confirmed that it had reached a £1.7bn deal with Virgin Money to create a new challenger bank to the big four of HSBC, Barclays, Lloyds and RBS. While some have suggested that the terms of the deal aren’t exactly generous I think the deal is less about the terms than whether it's [...]
Unilever is going to stop working with influencers who buy followers on social media June 18, 2018 Consumer goods giant Unilever is cutting ties with so-called “influencers” on social media in a bid to make advertising more transparent. Influencers, such as celebrities and social media personalities, help expand a company’s advertising reach and digital message by posting about the brand’s products for a certain fee. The more of an audience an influencer [...]
Apple files patent application for a wristband that can monitor blood pressure June 17, 2018 American tech giant Apple has filed a patent application for a wristband that can monitor blood pressure, according to documents made public last week. The device may not be directly linked to the Apple Watch, but could be a new device altogether, and marks a transition for the company from creating healthcare apps to launching [...]
Apple facing possible ban on some US iPhone imports over patent battle with Qualcomm June 16, 2018 Members of the US International Trade Commission have told a district judge they believe Apple has infringed the patent of rival Qualcomm, in a move that could lead to some US iPhones being blocked. The telecoms giants are battling it out after Qualcomm asked the commission, which acts as a third party in such cases, [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Electronics firm Samsung pledges renewable energy targets as it follows the likes of Apple, Google and Facebook June 14, 2018 Global electronics producer Samsung has committed to achieving an ambitious 100 per cent renewable energy target by 2020. Operations in China, Europe and the US will be run solely on solar and other renewable energies within two years time if the technology giant can fulfil pledges it made today. In a move that has been [...]
Which countries are most at risk from a trade war? June 14, 2018 The US and China have been trading fierce rhetoric over the past two months, threatening to slap billions of dollars' worth of tariffs on each other's goods and services. If the skirmish turns into a full-blown trade war could it threaten the global economic recovery? While the current dispute between the two countries hasn’t officially [...]