Just Eat soars to record high delivering upgraded outlook July 28, 2016 Shares in takeaway firm Just Eat have soared to a record high after upping its outlook for the year. The figures Revenue for the first half the year to June was up 59 per cent to £171.6m as like-for-like orders surged 40 per cent. Underliying earnings before interest, taxes, depreciation and amortisation more than doubled to £53.4m [...]
Microsoft’s made an iPhone app which uses AI to improve your photos July 27, 2016 Microsoft is putting its artificial intelligence technology to good uses again – this time, helping you take better pictures. After that ill-fated chatbot experiment, and more fun japes such as HowOldRobot and CaptionBot, Microsoft has put the tech to better use with a picture app for iPhone. Great news for anyone who strugggles to capture the perfect snap. Read more: [...]
Did Mastercard really need to launch its first rebrand in 20 years? July 27, 2016 Mastercard unveiled its first rebrand in twenty years earlier this month and the reaction to its new design has so far been pretty positive. But does it have that very modern measure of success: shareability? On initial inspection, the new design can seem a little underwhelming, especially considering it’s the first time the branding for [...]
This is the huge amount of money Apple is spending on R&D right now July 27, 2016 Did someone say iCar? The tech giant might remain coy about exactly what its plans are, but the numbers are clear – Apple is splashing some serious cash on developing new technology despite experiencing its second consecutive decline in revenues. Spending on research and development has rocketed, more than doubling in the last four years and Apple has spent a record amount on innovation [...]
Apple’s latest earnings explained in seven simple charts July 27, 2016 Fewer people are buying iPhones They still drive the bulk of Apple's revenue, but last year's huge, record iPhone sales (creating an almost freakish quarter or two), are a lot to follow. Despite the decline on last year and the previous quarter, Apple minimised that decline, beating expectation on what's traditionally one of its slowest quarters – and that's a [...]
Galvin at The Athenaeum: the brothers are on top form again with their latest Mayfair venture July 26, 2016 I’d been planning a self-congratulatory column when I reached 100 restaurant reviews for City A.M. but I took my eye off the ball and now we're up to number 105. When the centenary klaxon should have been sounding, I was too busy drooling over the tinned black pudding at Six Portland Road. So I’ll spare you [...]
Simplicity is the key to success at Games Workshop July 26, 2016 Spending hours carefully painting a model of a fantasy mythical creature isn’t everyone’s idea of a good time. But Nottingham-based Games Workshop continued a track record of profitability when it released its annual results today. “We have a simple strategy at Games Workshop. We make the best fantasy miniatures in the world and sell them globally at [...]
No one asked for it, but Blackberry’s launched a new phone July 26, 2016 Blackberry's first Android smartphone, the Priv, has hardly been a hit, but that's not stopping the formerly hottest phone maker in the world from launching another device – the Dtek 50. Its second Android phone is cheaper than the Priv and is a purely touchscreen controlled device, ditching the familiar qwerty keyboard which made the original Blackberries a [...]
What to expect when you’re expecting Apple’s earnings July 26, 2016 Apple is expected to experience another quarter of decline in iPhone sales as global demand cools off across the market – its second quarter in a row of decline after year's of unprecedented growth. The figures Sales of around $42bn are expected, according to consensus estimates from analysts polled by Reuters and earnings per share of $1.38. That's down [...]
Before the bell: What you need to know before the US market open July 26, 2016 Markets are braced for a raft of tech stock earnings today and later this week and the Japanese yen is surging. Here's what you need to know before the US market open at 2:30pm London time. The pre-market is painting a mixed picture with the S&P down by 0.03 per cent, the Nasdaq is up by 0.16 per [...]