Bonfire Night 2017: British consumers spend £497m on fireworks night November 4, 2017 It's fireworks weekend, with the majority of Brits planning to either attend a display or host their own Bonfire Night celebration. But new research from Wonga has found that even in an environment where most consumers are spending less on leisure activities, many are willing to see their cash go up in smoke for the [...]
Apple share price climbs to a new record high as it smashes expectations November 2, 2017 Apple has edged tantalisingly close to a $1 trillion valuation today as the technology giant’s quarterly earnings blew away expectations, pushing its share price to a new high in after-hours trading. In the fourth quarter, Apple’s revenue rose 12 per cent to $52.6bn (£40.3bn) while the company’s net income increased to $10.7bn, or $2.07 per [...]
EU competition chief Margarethe Vestager welcomes “renewed” antitrust debate in Washington November 2, 2017 There is a “renewed debate” on antitrust issues in Washington, according Europe’s top competition chief Margarethe Vestager. The head of the EU competition watchdog who has made several rulings in regard to US tech giants this year said she has noticed the change on both sides of the political divide, with democrats tabling new proposals [...]
Apple’s iPhone X demand is sending share prices of IQE, Dialog Semiconductor, Foxconn and more suppliers soaring October 30, 2017 Shares in firms supplying Apple’s new iPhone X have been boosted after strong demand for the devices. Shares in Apple itself closed more than three per cent higher on Friday when the device was finally released for pre-ordering. The tech giant said demand was “off the charts” easing concerns over consumer interest. Read more: Delivery [...]
Apple’s profits are expected to be dragged down by iPhone X manufacturing issues October 29, 2017 Manufacturing setbacks for Apple’s new £1,000 iPhone X are expected to hit the firm’s full-year profits this week. The tech giant’s premium iPhone X sold out almost instantly last week, but customers were upset to find delivery estimates climbing just minutes after pre-orders opened. While demand for the X has been strong, reports of manufacturing [...]
New York taps Transport for London’s contactless expertise for public transport revamp spanning the subway, rail and buses | City A.M. October 26, 2017 New York is set to roll out a contactless fares system across its public transport network, derived from the one developed by Transport for London (TfL). TfL is setting up a new consulting arm to provide its expertise to operators around the world, and in the newest instance of the transport body looking to share [...]
New York taps Transport for London’s contactless expertise for public transport revamp October 26, 2017 New York is set to roll out a contactless fares system across its public transport network, derived from the one developed by Transport for London (TfL). TfL is setting up a new consulting arm to provide its expertise to operators around the world, and in the newest instance of the transport body looking to share [...]
Health app startup Echo raises £7m series A from top VCs to take the hassle out of repeat prescriptions | City A.M. October 25, 2017 An app that aims to take the hassle out of getting repeat prescriptions has landed a fresh injection of cash from venture capitalists. Echo, a startup founded by former employees of Apple and Lloyds Pharmacy, has raised £7m in funding led by White Star Capital. Also participating in the series A round are MMC Ventures, [...]
Monzo now supports Android Pay, but not Apple Pay just yet October 24, 2017 Monzo has added support for Android Pay, the latest new feature to be added by the digital challenger bank as it rolls out full current accounts. It's also the first digital wallet the fintech has added support for. “Our goal at Monzo is to make everyone's financial lives easier. That can mean helping you at [...]
Digital challenger bank Starling is the first to support Fitbit Pay in the UK October 24, 2017 Customers of digital challenger Starling will be able to pay using their Fitbit smartwatch as it becomes the first bank in the UK to support Fitbit Pay. It marks the wider roll out of the wearable tech company’s challenger to Apple Watch. The Ionic smartwatch launched initially last month in the US, its newest device [...]