Warren Buffett praise for Apple sends shares through the roof for second time in four days May 7, 2018 Apple’s share price has once again hit record heights after billionaire Warren Buffett repeated his strong support for the tech company. For the first time, shares went past the $185 mark today, opening at $185.18 before climbing to $186.90 later in the day. The rise came on the back of investing heavyweight Buffett telling CNBC [...]
Apple ended the week at a record high after Warren Buffett bought 75m shares in the first quarter May 5, 2018 US technology company Apple ended the business week with its share price at a record high yesterday, after business billionaire Warren Buffet revealed he had upped his stake in the company. Buffett revealed he had bought 75m shares in Apple during the first quarter through his Berkshire Hathaway firm, which drove the share price up [...]
Trump says unnamed London hospital is a “war zone” of knife crime with “blood all over the floors” at NRA convention May 5, 2018 US President Donald Trump has compared an unspecified London hospital to a knife crime “war zone”, as he defended gun laws in America. Trump claimed that he had read about “blood all over the floors” of this hospital, speaking at the National Rifle Association (NRA)’s convention in Dallas yesterday. He claimed that US gun rights [...]
How Gin took over the world: It’s selling in record numbers with little sign of slowing down, but could the bubble be about to burst May 3, 2018 From Dalston dives to The Rivoli at the Ritz, people are drinking juniper-flavoured ethanol in record numbers. Last year more than 50m bottles of gin were sold in the UK for the first time, with £1.2bn in sales, up from £600m in 2011. That’s more than a billion gin and tonics. And while the best-selling [...]
Leicester City deal helps Puma outstrip rivals Adidas and Nike in Brandwatch study May 3, 2018 Puma is outperforming bigger rivals Adidas and Nike to achieve the best return on investment from its football kit deals, according to a new study published today. The German sportswear manufacturer’s contracts with Leicester and Arsenal rank highest for value in Brandwatch’s Brand Visibility Report, which is based on data from social media. Every image [...]
Chinese tech firm Xiaomi looks to raise $10bn for Hong Kong float May 3, 2018 Chinese smartphone behemoth Xiaomi is gearing up to float on the Hong Kong stock exchange as it looks to raise $10bn for the IPO. The company is due to list in July in what could be the biggest IPO since Alibaba floated for $25bn in 2014. It filed for an IPO in Hong Kong today, [...]
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 [...]