The end of the rental shop October 30, 2013 As Blockbuster goes into administration again, Alex Dymoke looks to the future of online TV and film rentals BLINKBOX WHAT IS IT? Founded in 2006, Blinkbox is now owned by Tesco. It allows you to rent or buy films and TV shows online, which expire after 30 days. WHAT’S ON IT? The latest film and [...]
What the other papers say this morning – 30 October 2013 October 29, 2013 FINANCIAL TIMES Whitehall slow to pay suppliers Ministers are breaching their own rules on paying government suppliers, according to figures seen by the Financial Times. EU rules say departments must pay firms that have supplied them within 30 days. The Ministry of Defence has had to pay £21,000 in the last year because of late [...]
New York Report: S&P 500 and Dow hit highs over Fed news October 29, 2013 THE DOW and S&P 500 ended at record highs yesterday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day’s gains. The stock, which also helped [...]
A hipster’s paradise at 100 Hoxton October 29, 2013 RESTAURANT 100 HOXTON 100-102 Hoxton Street, N1 6SG Tel: 020 7729 1444 FOOD Three stars VALUE Four stars ATMOSPHERE Two stars Cost for two with drinks: £70 OUTSIDE, a young woman draws on a cigarette, her waistline not much thicker than the rim of the spectacles worn by boys who glance at her as they [...]
Historic drop in Apple profits but iPhone sales please investors October 28, 2013 APPLE’S year-on-year profits fell for the third quarter in a row, the technology giant revealed yesterday, as weak computer sales and falling margins ate into its fourth quarter finances. But healthy iPhone sales meant the results were better than expected and shares held steady in after-hours trading. Profits came in at $7.5bn in the fourth [...]
New York Report: S&P 500 closes at record figure on US Fed talks October 28, 2013 THE S&P 500 closed at another record high yesterday as expectations were lifted that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after the recent sharp run-up in the stock market lost some momentum. [...]
What the other papers say this morning – 28 October 2013 October 28, 2013 FINANCIAL TIMES Big Six face challenge over bills Britain’s energy regulator is on course to clash with the “Big Six” power companies this week over the importance of wholesale gas and electricity prices in rising customer bills. Data from energy regulator Ofgem show wholesale prices have been almost flat over the past year, rising by [...]
Wall St The Week Ahead: Facebook and Apple to report in busy week October 27, 2013 THE FEDERAL Reserve meeting this week is not on the minds of as many people as when it last met in September, but its decision to do nothing last month is providing the fuel for more share gains in Apple and Facebook, which report results this week. Facebook is only slightly off an all-time high, [...]
Amazon still rises despite losses October 24, 2013 ONLINE retail titan Amazon defied profits again last night as it reported a narrowed loss of $41m (£25.3m) on revenues that increased 24 per cent to $17.1bn. The loss did not put off Amazon shareholders which led to an eight per cent rise in after hours trading after the company beat revenue expectations of $16.8bn. [...]
Icahn repeats call for Apple buyback October 24, 2013 BILLIONAIRE investor Carl Icahn fired his latest salvo at Apple chief exec Tim Cook yesterday, urging the iPhone maker again to initiate a $150bn (£92.5bn) buyback. He also revealed that he has increased his stake by about 22 per cent to just over 4.7m shares.