FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
Shake it up with London Cocktail Week October 9, 2011 F Scott Fitzgerald did it for me. He immortalised the mint julep in the Great Gatsby and ignited an ongoing appreciation for the craft of the cocktail. This may have been the turning point where I realised there was more to cocktails than kahlua and milk, and that the trusty barometer of sophistication was not [...]
Samsung upbeat on profits as smartphone sales fly October 7, 2011 Samsung Electronics said its quarterly profits should top the most bullish market forecasts, with smartphones becoming its main profit engine despite intense competition from bigger rival Apple. Indeed, analysts expect Samsung to report record profit from handset sales in the third quarter and overtake Apple as the world’s biggest smartphone vendor in unit terms. The [...]
Sony set to buy Ericsson out of mobile venture October 6, 2011 SHARES in telecoms group Ericsson jumped almost six per cent yesterday after reports claimed that Japanese technology group Sony was close to buying it out of their mobile phone handset joint venture. Sony is keen to take control of the business to combine Sony Ericsson’s mobile phone technology with its own tablet computer and PSP [...]
Steve Jobs, 1955-2011 October 6, 2011 THE Apple.com homepage, one of the most valuable pieces of virtual real estate in the world, yesterday featured just one black and white photograph, alongside the words: “Steve Jobs 1955-2011”. The death of the iconic leader of the world’s biggest technology company was met with an outpouring of grief usually reserved for musicians and world [...]
A talismanic leader who leaves the world a richer place October 6, 2011 IT’S OFTEN said that Steve Jobs didn’t give a fig about maximising shareholder value. Considering how good he was at it, it scarcely matters. When he rejoined Apple in 1997, its stock was worth $5-a-share while its market cap – mostly accounted for by cash and other tangibles – was a whisker under $5bn. Now [...]
Apple stock avoids the feared lurch downward October 6, 2011 APPLE stock resisted the expected downward lurch in the wake of Steve Jobs’ death, falling only slightly yesterday. It closed at $377.37 after initially surging above $380 a share – still below its September high of $423. Steve Jobs’ long battle with pancreatic cancer rocked Apple’s share price on several occasions, with rumours of a [...]
ANALYSIS | Apple Inc October 6, 2011 FORCED OUT OF APPLE After a tussle Jobs is turfed out of the company, with John Sculley now in charge APPLE GOES PUBLIC Jobs takes the firm he co-founded public. Its shares rise by a third during their first day trading JOBS BUYS PIXAR He snaps up the computer animation company from George Lucas for $10m [...]
CITY VIEWS: CAN APPLE EVER REPLACE STEVE JOBS? October 6, 2011 CLIVE GILBERT | INCEPTA “You never know if Apple will find another great innovator like Steve Jobs. Who at Apple could fill his shoes? I think everyone should watch the share price.” PAUL SMITH | LLOYDS “Jobs was a part of a team, nothing lasts forever and you can’t expect Apple to not replace his [...]
STEVE JOBS 1955-2011 October 5, 2011 STEVE Jobs, Apple’s celebrated founder, has died aged 56. Jobs passed away late last night, just six weeks after he stepped down as the firm’s chief executive. Apple marked his passing with a tribute on its website to a “visionary and creative genius” and “an amazing human being”. “Steve’s brilliance, passion and energy were the [...]
New iPhone gives rivals a shred of hope October 5, 2011 THE TELECOMS world was yesterday digesting the implications of Apple’s latest product launch, with manufacturers hoping to capitalise on the initial lack of enthusiasm. Nokia was trading almost five per cent up yesterday, with its new line of phones running Windows Mango expected to put it in direct competition with other high end handset makers. [...]