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. [...]
All eyes on Fed as it sets rates after ECB move – The week ahead on Wall St January 25, 2015 THE FEDERAL Reserve could be key for Wall Street this week as investors get to hear from the US central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan. Last Thursday’s larger-than-expected stimulus package from the ECB lifted US stocks, helping indexes [...]
GoPro teams up with NHL ice hockey in first foray into professional sports January 24, 2015 GoPro has long been the go-to gadget for amateur athletes to capture and share their exploits, but now the the small camera is stepping into the big time. The listed company has teamed up with the NHL, the biggest ice hockey league in the world, to broadcast intimate live footage right from the heart [...]
How much are Tim Cook and Apple’s top executives paid? Salary and bonuses rise after 2014 share price highs January 23, 2015 Tim Cook got a pay rise for the first time in three years, while the bonuses of Apple’s senior executives soared as shares in the tech company hit an all-time high last year Cook boasted a $2m (£1.3m) salary last year, a $6.7m bonus and £774m in other compensation, bringing his total remuneration to $9.2m, [...]
Apple swallows $50m Tech City music startup January 21, 2015 A SHOREDITCH-based music data firm has been quietly snapped up by tech giant Apple in a deal estimated to be worth $50m (£33m). Fresh from its $3bn takeover of Dr Dre’s Beats headphone brand, it was yesterday revealed that Apple has taken over Semetric in a deal believed to have occurred last year. The move [...]
Shazam joins $1bn tech club ahead of float January 21, 2015 MUSIC discovery app Shazam yesterday joined the $1bn (£662m) tech company club, by valuation, after it raised $30m in a new funding round and as it pushes towards a potentially lucrative initial public offering (IPO). The British company said the money would allow it to develop its technology and expand into new “market sectors”. Shazam [...]