What the other papers say this morning – 22 January 2014 January 21, 2014 FINANCIAL TIMES Bicycle-Sharing firm in bankruptcy The Canadian company that runs the popular bike-sharing schemes in New York, London and Sydney has gone bankrupt, after two US cities withheld Ca$5.6m (£3m) in payments amid widespread software glitches. Yesterday Denis Coderre, mayor of the city Montreal, which owns the Public Bicycle-Sharing Company, said the business was [...]
Industry leaders arrive for business summit January 21, 2014 BUSINESS leaders and politicians are descending on the Swiss town of Davos this week for the annual meeting of the World Economic Forum, one of the most high-profile networking events of the year. Topics that will certainly be on the agenda include everything from the worrisome slowdown in emerging markets to uncertainty over the tapering [...]
SocGen cuts Apple to “hold” on iPhone 5s sales fears January 21, 2014 France's second biggest bank is falling out of love with tech giant Apple. Societe Generale have cut their rating for the company's shares from "buy" to "hold" – their preferred stock in the communications equipment sector is Ericsson. While the worldwide handset had a good 2014 – equity analyst Andy Perkins said it remained strong [...]
The three technologies that are set to win 2014 January 20, 2014 Markets should prepare themselves for an "upgrade wave" due to the huge potential of wearable technology, Ultra High Definition (UHD) TV and the acceleration of innovative automobiles, according to investment banking firm Numis. In the wake of the annual Consumer Electronics Show a host of new technologies are preparing to burst onto the scene innovating [...]
Remember Osborne’s global race? We are in danger of losing it January 20, 2014 WITHOUT foreign investment, we would be toast. How many of you, dear readers, work for UK subsidiaries of foreign companies? Or for a business that relies significantly on overseas investors for its debt or equity financing? In the case of the latter at least, the list now includes almost every company listed on the London [...]
Apple to refund $32.5m of kids’ in-app sprees January 15, 2014 TECHNOLOGY giant Apple will refund around £20m worth of in-app purchases made by children without their parent’s permission, it announced yesterday. Following a settlement with the US Federal Trade Commission (FTC), bosses agreed to refund $32.5m worth of the in-game buys after thousands of complaints came to light. The company will also be forced to [...]
Apple falls out of favour with UK consumers January 15, 2014 APPLE fell out of favour with UK consumers in 2013, losing its coveted spot last year as one of the UK’s top ten brands. In 2012 Apple’s iPad held the No 6 slot on YouGov’s BrandIndex report, but this year the technology giant is nowhere to be found. “Samsung has risen the most places as [...]
Apple falls out of favour with UK consumers January 15, 2014 Apple has fallen out of favour with UK consumers, losing its coveted spot as one of the UK’s top 10 brands. Last year Apple’s iPad held the No 6 slot on YouGov’s BrandIndex report, but this year the technology giant is nowhere to be found. UK Top Brands 1. BBC iPlayer (no change)2. John Lewis [...]
10 problems with the French embassy’s economic analysis January 14, 2014 After a recent editorial from City A.M. editor Allister Heath (France’s failed socialist experiment is turning into a tragedy) the French embassy wrote a piece in response. Here are 10 points on which we disagree over the French economy. 1. Growth prospects The European Commission’s growth forecast for France stands at 0.2% for 2013 and [...]
What the other papers say this morning – 13 January 2014 January 12, 2014 FINANCIAL TIMES Treasury debt pledge on Scotland The UK Treasury will today assume full responsibility for Britain’s £1.2 trillion debt stock in the event of Scottish independence, in an attempt to head off market jitters ahead of September’s referendum. Danny Alexander, Treasury chief secretary, fears gilt investors could start demanding a risk premium in the [...]