IBM earnings beat estimates on cloud strength July 20, 2020 IBM posted quarterly revenue and profit above analysts’ estimates today, riding on the strength of its high-margin cloud computing business. IBM has jettisoned some of its legacy business to focus on cloud computing, an area that has seen a lot of action in recent years as companies ramp up their digital shift to control costs [...]
‘A day in the life’ of a Chief Investment Officer- Jeff Dorman- Arca TALKS exclusively to BEQUANT July 20, 2020 Jeff Dorman, CFA is a Co-founder and Chief Investment Officer at Arca–an innovative digital asset investment company that combines traditional finance with blockchain technology to offer SEC-registered, 40-Act and hedge fund investment products to institutional and retail investors. Jeff spoke exclusively to BEQUANT, discussing a day in his life post covid-19, how a typical day at [...]
Ebay to sell classified ads unit to Adevinta for nearly $9bn July 20, 2020 Norwegian group Adevinta has won the auction to buy US e-commerce firm Ebay’s classified-ads unit for nearly $9bn, a source familiar with the matter told Reuters today. Ebay intends to keep a minority stake in the business following the close of the deal, the source said. Activist investors Elliott Management and Starboard Value had been pushing Ebay to sell [...]
Global banks ‘scrutinise Hong Kong clients for pro-democracy ties’ July 20, 2020 Global banks are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, sources have warned Six people with knowledge of the matter said banks are scrutinising clients in an attempt to avoid getting caught in the crosshairs of China’s new national security law. Bankers at Credit Suisse Group AG (CSGN.S), [...]
Deloitte: Big UK businesses fear late 2021 recovery July 20, 2020 Nearly half of Britain’s biggest companies think it will take until the second half of 2021 to post a recovery from the coronavirus pandemic, according to a survey that cast doubt on hopes for a speedier rebound. Accountants Deloitte said 49 per cent of chief financial officers from large and mostly listed companies forecast a [...]
DEBATE: Is employee experience with IT the key factor for a productive post-pandemic workforce? July 17, 2020 Is employee experience with IT the key factor for a productive post-pandemic workforce? Pedro Bados, chief executive and co-founder of Nexthink, says YES. Employees’ working experiences have historically been measured through three key elements: people, place, and technology. Recent months have turned this dynamic on its head. With workers across the country sent home from [...]
Green fingers: How cannabis can fuel a British agri-tech revolution July 17, 2020 Since time immemorial, the human race has slashed and burned its way through wilderness to fuel its rapacious growth. Food, medicine and building materials have required more and more deforestation, with the resultant decline in biodiversity and rise in the emission of greenhouse gases. Finally, comprehension is dawning about the impact of climate change and [...]
What are the long-term prospects for healthcare investing post Covid-19? July 16, 2020 The pandemic has shone a spotlight on healthcare but what happens when a vaccine is found? We asked Schroders’ investment experts for their views on the sector’s long-term prospects. The Covid-19 crisis has hurt most economic sectors this year. As of 30 June, healthcare was one of only three sectors to post positive year-to-date returns [...]
Ladbrokes owner GVC’s veteran CEO to retire July 16, 2020 Ladbrokes and Coral owner GVC’s chief executive announced his retirement today as the firm revealed coronavirus lockdowns have knocked first-half revenue by 11 per cent. Kenneth Alexander will leave the board and company tomorrow, when chief operating officer Shay Segev will replace him. The long-time CEO spent 13 years at the helm of GVC, during [...]
Beyond lockdown: The tech trends to watch July 16, 2020 Covid-19 has indelibly altered the way we live and work. As lockdown restrictions ease, it is vital that British businesses address the implications of the pandemic as part of their long-term strategies. However, rather than viewing this as a “restart”, companies should make the most of this opportunity to “rethink” their approach to a post-lockdown [...]