London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Art lovers drive first-half sales to new record high at Christie’s July 16, 2013 A GROWING appetite for art has boosted revenues at auction house Christie’s, which said yesterday that global sales hit £2.4bn in the first six months of 2013, a record high for the third year in a row. Worldwide sales rose 13 per cent year-on-year in the first half of 2013, while private sales grew by [...]
Google pays $1.3bn for sat-nav app Waze June 14, 2013 GOOGLE has pipped both Apple and Facebook to buy Waze, an Israeli social mapping service popular amongst commuters. Waze, which has almost 50m members, uses a smartphone’s location data to improve its maps and create real-time traffic information, allowing drivers to take the fastest route to a destination. It is now expected that Google will [...]
Cheap money is fuelling the stock market’s dramatic bounce May 10, 2013 FOR the first time ever, the Dow Jones has closed above 15,000, in a major boost for investors everywhere. Remarkably, the index was at 14,000 just 66 days ago and is now up by 129 per cent since the 2009 trough, in a striking demonstration of the speed and scale of the bounce-back. With the [...]
UK tech prodigy makes millions by selling app March 29, 2013 A LONDON teenager has become one of Britain’s youngest millionaires after selling a popular smartphone app he developed at 15 to Yahoo. Nick D’Aloisio, 17, designed and built Summly, an iPhone app that condenses news articles for reading on the move after teaching himself to write computer code. Since its launch, the app has reached [...]
Bonuses bounce back on a smaller Wall Street February 26, 2013 WALL Street bonuses increased nine per cent to an average of $122,000 (£81,000) last year despite escalating job losses and at the same time as the Big Apple’s financial sector shrank overall, according to estimates released yesterday. The average bonus pool for employees employed in the securities industry in New York City surged some eight [...]
Apple settles app purchase case February 26, 2013 Apple has agreed to settle a US class action lawsuit that said customers were charged when their children inadvertently downloaded certain applications from the company’s online store. Under the proposed settlement, Apple could potentially end up paying around $100m as it has agreed to provide a $5 iTunes store credit to as many as 23m affected [...]
EU mobile boss wants to slash Ofcom powers February 26, 2013 THE EU’s top telecoms official has outlined plans for a unified European mobile market, a move that would boost cross-border giants such as Vodafone and reduce the power of UK communications regulator Ofcom. Speaking at the industry’s annual forum, Mobile World Congress, EU data commissioner Neelie Kroes said Europe was “falling behind” the US as [...]
ARM chips overtake Intel in tablets and PCs February 26, 2013 THE BOOM in demand for tablets may see British microchip designer ARM Holdings overtake US behemoth Intel in combined sales of tablet and personal computer chips for the first time. Ian Drew, the Cambridge based company’s head of marketing and business development told City A.M. that this year more tablets and PCs will be sold [...]
Samsung Galaxy S4 set for March February 25, 2013 Samsung has announced that its latest high-end smartphone, the Galaxy S4 will be unveiled on 14 March. The Korean firm’s Galaxy S range has been the biggest challenger to Apple’s iPhone, with the previous S3 model selling more than 40m units.
What the other papers say this morning February 25, 2013 FINANCIAL TIMES Captain Magic conjures hedge launch The glory days of the hedge fund launch may not be entirely over. Raffaele Costa, a flamboyant former GLG partner and self-styled “Captain Magic”, will this week unveil the first fund at his new firm Tyndaris, in what will be one of the boldest start-ups since 2008. Merkel [...]