Fed’s patient move hits oil – New York Report January 28, 2015 US STOCKS closed down yesterday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signalling it remains on track to raise interest rates later this year. Concluding their first policy-setting meeting of the year, Fed officials said they would [...]
Apple share price rises after stellar first quarter earnings January 28, 2015 Apple stock has opened as much as eight per cent higher, reflecting a stellar set of earnings released after yesterday's market close. Investors appear more than happy with the $18bn of profit and 75m iPhones it sold in the three months to the end of December – the biggest quarterly profit of any company in history. [...]
Apple’s record earnings: Five things showing just how massive those numbers are January 28, 2015 Apple’s quarterly earnings after the iPhone 6 launch completely smashed expectations. Its profits of $18bn (£11.8bn) are so big, they are officially the biggest quarterly profit of any company in history. Ever. That’s just how huge it is. To put that in perspective… 1. Apple sold 34,000 iPhones every hour, more than 500 every minute, [...]
FCA boss Martin Wheatley is right to say sorry at last – Editor’s Letter January 27, 2015 Martin Wheatley evokes a lot of hostility, rather than respect, from many of the senior figures in the London’s financial community. A few months ago one chief executive pulled me aside and blamed the City’s top regulator for costing London the flotation of Alibaba, the giant Chinese internet group. Wheatley’s crime, I was told, was [...]
Apple sets new record as sales smash forecasts January 27, 2015 APPLE sales smashed even the most optimistic expectations after the tech giant sold a record number of iPhone 6 and 6 Plus smartphones over the Christmas quarter and won thousands of new fans in China. The company sold 74.5m iPhones in the first quarter to 27 December, thanks to more people switching from Android than [...]
Wall Street big guns fail to fire up the market – New York Report January 27, 2015 DISAPPOINTING results from a number of bellwether companies dragged Wall Street down yesterday. Company results pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment. The day’s losses were broad, with nine of the 10 primary S&P 500 sectors lower on the day, though tech was the biggest drag [...]
Restaurant review: M by Martin Williams on Threadneedle Walk January 27, 2015 It’s a brave man who first ate an oyster, they say, but it’s a braver man who opens a restaurant in the Square Mile. The normal laws of gastronomic physics don’t apply here. The food scene moves slowly, governed by ritual, force of habit and sheer bloody-mindedness. The trends and fads of Shoreditch and Mayfair [...]
Mix it up: Don’t let your cocktail go out stark naked January 27, 2015 @philip_salter Just as clothes might maketh the man, garnishes maketh the cocktail. Once upon a time, the fashion was for mixed drinks stuffed with cocktail umbrellas and enough fruit to hit your five a day. These days, cocktail garnishes have been toned down, but there are notable exceptions. The tiki trend, inspired by the drinks [...]
Apple smashes records with jump in revenue and soaring iPhone sales January 27, 2015 Apple's results are in, and Tim Cook will have good reason to smile tonight. For the quarter ended 27 December iPhone sales shot up 46 per cent to 74.5m units, far outpacing analysts' forecasts of 65m. The tech giant enjoyed a record first-quarter profit of $18bn at $3.06 per share. Analysts were expecting Apple to [...]
What to expect ahead of Apple’s first quarter earnings since the iPhone 6 launched January 27, 2015 The figures Apple’s first quarter results are always big as they almost always follow an iPhone launch. This year’s no different: we'll find out just how well the iPhone 6 has done. Earnings per share are expected to come in at $2.60, up from expectations of $2.55 a month ago and $2.52 three months ago. [...]