Apple supplier Sharp’s share price rises 18 per cent, after scrapping its $1.8bn share sale June 29, 2018 Japan’s Sharp has scrapped its plans to issue $1.8bn in new shares, just weeks after its share price began to plummet as a result of the announcement. Its share price fell as much as 21 per cent since the announcement on June 5th, over investor fears that the deal would dilute earnings per share by [...]
Transferwise announces partnership with UK challenger bank Monzo on international money transfer June 25, 2018 Challenger bank Monzo has announced a partnership with fintech unicorn Transferwise on international payments. It marks the second big tie-up for Transferwise in recent weeks, after confirming it was working with France's second largest bank BPCE Groupe. Today, the companies said the partnership will mean Monzo customers can make international payments after the challenger bank [...]
Will active management fight back? June 25, 2018 In contrast to ‘passive’ fund or trackers, which aim to replicate the performance of an index, ‘active’ funds employ fund managers to try and select the best performing investments. There are pros and cons for both methods. Passives are cheaper, sometimes substantially so, but they also won’t outperform the index they are following. Meanwhile, finding [...]
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 [...]
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, [...]