How Silicon Valley’s finest Tesla can learn from British tech titan Sage May 2, 2018 Execs at Britain’s biggest tech firm Sage were in bullish mood today despite conceding the last six months “had not gone to plan”. Around £1.5bn has been wiped from Sage’s market value since mid-January as investors took a dim view of a dip in its revenue growth. But let’s just underline one thing here: Sage’s [...]
After Apple defied the expectations, Shares in Snapchat creator Snap Inc fall to all-time low May 2, 2018 Shares in Snapchat’s parent company Snap Inc fell to an all-time low today, tumbling as much as 22 per cent after the social media firm missed first-quarter user targets yesterday. In its annual statement last night, the messaging app revealed it had only seen a 15 per cent increase in users from last year, while [...]
Apple defies critics by meeting expectations on iPhone sales in first quarter results May 1, 2018 Apple allayed industry fears that it would be hit by declining sales of its flagship product by selling 52.2m iPhones in the first quarter. The figures Shares in the tech giant were up by about four per cent in after-hours trading as it posted a 16 per cent climb in revenue to $61.1bn (£44.8bn). Sales [...]
Buoyed by Sainsbury’s and BP gains, London’s FTSE 100 continues its rallying march May 1, 2018 The FTSE 100 is continuing its strong performance today, inching past yesterday’s 7545 highs to 7549 and extending its 10 per cent late-March reversal into May. The slip in sterling as well as a drop in UK manufacturing activity have helped buoy the London market, as have Sainsbury’s shares which have continued to rally in [...]
Check out these leaked details for the rumoured new SE2 iPhone April 30, 2018 Face identification, dual cameras and 3D touch will probably all be missing from the new iPhone rumoured to drop in June during Apple’s Worldwide Developers’ Conference. Latvian student Ben Geskin, well-known for accurately leaking details and photos about previous iPhones, tweeted pictures of the new telecommunications device. “New iPhone (probably SE2) coming soon – code [...]
Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
Revolut smashes into unicorn ranks with $250m fundraising ahead of international expansion April 26, 2018 London-based fintech startup Revolut has joined the elite ranks of so-called unicorn firms with a $1.7bn (£1.2bn) valuation following a new $250m fundraising. Tech investor DST Global put up around half of the new money, alongside existing investors including Index Ventures and Ribbit Capital. The money will be used to target an aggressive expansion into [...]
Apple agrees to start paying Irish government €13bn in back taxes April 24, 2018 US tech business Apple has struck an agreement with the Irish government to begin its repayment of €13bn (£11.38bn) in back taxes. The Irish finance ministry confirmed that it was signing the agreement today which will see payment start in the second quarter of the year with full recovery expected by the end of the [...]
Apple posted second quarter results on May 1 but have smartphone sales peaked and what impact will this have on iPhone X? April 24, 2018 Apple releases its latest set of quarterly results next Tuesday and Wall Street is fretting about the figures. People are hanging onto their smartphones for longer, prompting concerns about growth. Second-quarter results from US technology major Apple, which will be released on Tuesday 1 May, are arguably one of the most important set of results [...]
EU regulators to probe Apple’s acquisition of music app Shazam April 23, 2018 EU antitrust regulators today opened an investigation into Apple’s bid for British music app Shazam over fears it could restrict competition in the music streaming market. Shazam allows smartphone users to identify a song by pointing their phones at it. Regulators fear Apple Music could use data from the app to poach users from rival [...]