What you need to know before the US open May 9, 2014 Stocks futures suggest a lower open for US markets today, rounding off a week of bumpy trading, central bank announcements and ongoing wariness owing to the Ukraine situation. Corporate news Clothes retailer Gap has jumped 8.5 per cent in pre-market trading after announcing a nine per cent increase in comparable sales for April and a [...]
What the other papers say this morning – 09 May 2014 May 8, 2014 FINANCIAL TIMES Apple in talks for $3.2bn Beats deal Apple will acquire Beats’ streaming music service, which launched this year, and its audio equipment business, which includes its brand of headphones and audio equipment. The Beats management team will report to Mr Cook, sources said. Apple and Beats did not comment. The deal is likely [...]
4 ways Waitrose plans to use technology to outsmart its rivals May 8, 2014 Britain’s upmarket grocer Waitrose’s is trialling an array of new technology and services at its newly opened Swindon store that it hopes will give it the edge over its rivals and lure more customers through its doors. In a presentation to analysts and media last week, managing director Mark Price said the 40,000 square [...]
Carl Icahn laments modest results May 7, 2014 ICAHN Enterprises, the listed holding company controlled by billionaire investor Carl Icahn, yesterday reported a loss for the first quarter of this year. The business, listed on the Nasdaq, said it recorded a net loss of $29m for the three months ending March, versus net income of $277m a year ago. The business invests across [...]
Apple’s new retail chief Angela Ahrendts in $68m signing bonus May 6, 2014 BURBERRY’S former chief executive Angela Ahrendts started her new role as the head of retail at Apple yesterday, receiving a share award from the American tech giant worth $68m (£40m). Ahrendts’ award of 113,334 restricted shares coincided with Apple’s share price pushing past $600 yesterday morning for the first time since October 2012. However, when [...]
10-week fitness challenge | The get-fit diary of an out of shape office worker May 6, 2014 The end is in sight – I have four weeks to go in my fitness challenge (with a week added on to mitigate for missed sessions). Knowing it will soon be over is great for refocusing your mind – the last fortnight has been a slog but having had a few days off I feel [...]
Apple closes above $600 a share May 5, 2014 Apple shares yesterday topped $600 last night, leading the S&P 500 and Nasdaq higher. The stocks rose 1.4 per cent to $600.96, hitting $600 for the first time since October 2012. The gains follow by strong first quarter figures for the iPhone maker last week. Apple also said it was boosting its share buyback scheme [...]
New York Report: US shares rise as Apple stocks top $600 mark May 5, 2014 US stocks ended slightly higher yesterday as data showed strength in the services sector and Apple shares rose above $600 for the first time since 2012. Limiting the day’s gains, however, were concerns over an escalation of tensions between Ukraine and pro-Russia separatists. Ukrainian forces were ambushed by separatists, triggering heavy fighting on the outskirts [...]
Angela Ahrendts says goodbye to Burberry May 1, 2014 ANGELA AHRENDTS finally made her exit from Burberry yesterday after eight years at the helm of the luxury fashion retailer. American-born Ahrendts is due to start at Apple this month, with chief creative officer Christopher Bailey taking her place. She is understood to be taking with her the £5m bonus due for the past financial [...]
Sainsbury’s launches mobile scan and go trial April 30, 2014 Remember those hefty handheld “scan as you shop” machines in supermarkets that allow you to avoid queuing at the check-out? Sainsbury’s has rebooted this concept with an app that allows shoppers to scan, pack and pay for their shopping using their smartphone before collecting a receipt and exiting the store. With its “mobile [...]