Exxon Mobil profits plummet as oil prices keep on sliding July 29, 2016 Exxon Mobil had a difficult first half, with earnings sliding 62 per cent, results posted today showed. The figures Earnings fell 62 per cent to $3.5bn in its first half – and skidded 59 per cent to $1.7bn in the second quarter alone. That pushed earnings per share down 59 per cent in the second quarter, to $0.41. Meanwhile, upstream earnings fell to $294m, down $1.7bn from the [...]
The monster that is Facebook just hit a record high and overtook Exxon July 28, 2016 Shares in Facebook have hit a record high after smashing Wall Street forecasts across the board, helping it briefly overtake oil firm Exxon Mobil to become the fourth largest company in the world. Shares jumped nearly four per cent on the back of a more than impressive 59 per cent growth in revenue while net income rocketed [...]
Apple’s iPhone sales and revenue fall again – but Wall Street’s loving it July 28, 2016 Apple shares have jumped more than seven per cent, breaking through the $100 mark, after reporting earnings and iPhone sales slightly ahead of Wall Street expectations on Tuesday evening. The figures Apple revenue hit $42.4bn in the third quarter, down from $49.6bn in the same period last year and from $50.6bn in the previous quarter. That came in [...]
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 [...]