Oleg Tinkov reveals an interest in the UK, what he thinks about Apple and has some advice for fintech start-ups October 26, 2016 The billionaire businessman behind one Russia’s largest banks has revealed his interest in setting up in the UK. Although listed on the London Stock Exchange, Tinkoff Bank is Russian-focussed and the second largest credit card issuer in the country. It was set up in 2006 by its flamboyant chairman, Oleg Tinkov, and is Russia’s sole [...]
Apple display supplier LG Display says it expects a strong final quarter, boosted by shipments to key customer October 26, 2016 LG Display, the South Korean firm that supplies components to Apple, said that it expects strong final quarter earnings due to the growth in shipments to a key customer. The firm said that the revenue boost would be generated from sales of medium to small-sized panels. Read more: Apple posts first annual revenue drop for over a decade [...]
Apple posts first annual revenue drop for over a decade October 25, 2016 Apple has announced its first year-on-year decline in revenues for over a decade as iPhone sales suffer. Revenue fell nine per cent to $46.85bn (£38.44bn), the third quarterly decline in a row. Analysts were expecting revenue to come in at $46.94bn in the quarter, according to Thomson Reuters. Read more: Shares in this Apple supplier [...]
Before the bell: What you need to know before the US market open October 25, 2016 Apple sales are expected to fall sharply and Twitter is planning another round of job cuts. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher ahead of the open, though only slightly. The S&P is up by 0.09 per cent, the Nasdaq is 0.14 per [...]
The devil you know, the devil you don’t: How to protect your investments whoever wins the US election October 25, 2016 As polling day draws near, it is regrettable that the contest to become the 45th President of the United States has been more about personality than policy. The campaign has been distinguished on one side by preposterous promises to suspend the entry of Muslims into the country and build a hard border with Mexico, and [...]
What to expect from Apple’s fourth quarter earnings October 24, 2016 Apple will announce its earnings for the fourth quarter tomorrow, ahead of a new MacBook launch later in the week. Connor Campbell, financial analyst at SpreadEx, said the earnings report "is likely to reflect the first annual iPhone sales decline in the company's history". Read more: Shares in this Apple supplier just fell off a [...]
Adobe plans growth despite UK tech slump October 23, 2016 US software giant Adobe is to expand its London office, despite reporting a drop in UK tech sales. Adobe is set to double the size of its current London headquarters, building a new sales office to cover Europe, the Middle East, and Africa (EMEA). The maker of Photoshop recently reported demand for electronics had plummeted [...]
Government ups the ante on “Plug-in Van Grant” by committing addition funds for businesses October 22, 2016 The government is offering UK firms subsidies of up to £20,000 for switching their large trucks to electric vehicles. Business and energy secretary Greg Clark made the announcement during a three day trip to Japan to meet top executives from Nissan, Honda and Toyota – all of which have considerable manufacturing operations in the UK. Read more: Apple's driverless car plans [...]
Safer and more efficient: technology on trial so that cars can talk to one another October 21, 2016 Cars chatting away to one another? Didn't someone make a film about that once? Well now some elements could be coming to life after Jaguar Land Rover and Ford announced plans to trial technology where cars will communicate to one another, in what will be the first such trials in the UK. Through sharing information, it is hoped [...]
London’s fanatical cyclists from hell are taking crazy risks with pedestrians’ lives October 20, 2016 Every morning on my walk into the City, I see the brand-new cycle path along the side of Blackfriars Road being put to good use. But every morning, I also see some of you cyclists riding on the pavement next to it, weaving among pedestrians. The special lane made for you, carved out (at significant [...]