Bank of America Merrill Lynch is looking for new space in the City despite Brexit uncertainty February 5, 2017 Bank of America Merrill Lynch (BAML) has started its search for new office space despite the uncertainty of the City of London's future following the Brexit vote. The US banking giant is currently located near St Paul's Cathedral, but as its lease expires in 2022, the bank has started looking at other buildings that could [...]
Entrepreneurs mad at Donald Trump should come to France, says Presidential hopeful Emmanuel Macron February 5, 2017 French Presidential hopeful Emmanuel Macron has reached out to entrepreneurs, academics and scientists in the US reeling from President Trump's travel ban and welcomed them with open arms to the country. "I want to make a solemn call to all the researchers, academics, businesses who in the United States are battling obscurantism,” he told a rally [...]
11 risks that keep Snapchat bosses awake at night February 3, 2017 Snapchat's hotly-anticipated IPO, which it filed for last night, has lifted the lid on the inner workings of the rather mysterious company. Not least the fact it believes it could be worth a stonking $25bn… As with any IPO, its Securities and Exchange Commission filing includes a hefty list of risks investors should take into account before buying [...]
Vodafone shares lose momentum: Analysts reflect on Indian and UK concerns February 2, 2017 Pricing pressure in both Europe and India continued to weigh on Vodafone, after the telecoms giant revealed its third quarter trading today. Organic group service revenue grew by 1.7 per cent during the third quarter to December, a touch ahead of market consensus expectations of 1.6 per cent. Shares initially fell nearly three per cent [...]
Do strong brands make good investments? Brand Finance certainly think so February 1, 2017 When purchasing consumer goods, we’re attracted to brands we know and love. We buy Coca Cola, rather than an own brand product. We prefer Ray Ban sunglasses, Colgate toothpaste, Apple’s iPhone. And we’re willing to pay a premium for the privilege. Consumers have an affinity with the real thing, not just through overt awareness – [...]
Apple’s shares have gone bananas on recovering iPhone sales February 1, 2017 Shares in Apple jumped almost six per cent as the market opened in New York this morning, after stellar earnings revealed record iPhone sales. Shares were up 5.7 per cent at $128.23 after figures published last night showed it sold 78.3m iPhones. The figure smashed analysts' expectations of 76m. The Christmas period was seen as crucial for [...]
Apple of my iPhone: Records tumble as quarterly revenue sets all-time high January 31, 2017 Apple has smashed investor expectations to post its best ever quarterly revenue on the back of record-breaking sales of its iPhone. The Cupertino-based company saw revenue for the quarter increase to $78.4bn, a rise of $2.5bn from the previous year. Apple's share price rose by over three per cent in after-hours trading. Read more: Here's how top [...]
Trump effect? Warren Buffett has bought $12bn worth of stock since the US election January 31, 2017 Legendary investor Warren Buffett aka the sage of Omaha has added $12bn (£9.6bn) worth of stock to Berkshire Hathaway since the US election in November. “We’ve, net, bought $12bn of common stocks since the election,” Buffett said in an interview. US stocks boomed after Donald Trump was elected US President in November as investors and analysts hoped [...]
China, Mexico, Japan: Who’s afraid of Trump’s protectionism? January 31, 2017 Anyone hoping that Donald Trump’s campaign promises were just talk can’t have been encouraged by this weekend’s events. Stock markets fell and the dollar was volatile yesterday on the news that the President had signed an executive order banning the entry of people from seven countries. Assumptions that he would row back from his more protectionist [...]
Tech giants are hitting back against Donald Trump’s immigration ban January 30, 2017 Events have moved fast since Theresa May walked hand-in-hand with President Trump outside the White House. Initial reaction to May’s Washington visit was positive: the PM had charmed Congressional Republicans, banged the drum for increased US-UK trade and held a successful press conference with the new President. Hours later, however, as details emerged of America’s [...]