City deals spurred by record year of South Korean investment August 12, 2018 South Korean investors have pumped record levels of cash into London’s commercial property market over the last six months in fresh evidence of burgeoning Asian demand for City buildings. Office investment into the UK from South Korea reached £1.1bn in the first half of 2018, doubling last year’s total level of £530m in the whole [...]
The Galaxy Note 9, a smart speaker, and a partnership with Spotify: Here’s what happened at Samsung’s Unpacked event | City A.M. August 9, 2018 A new phone, a new watch, a new speaker. Samsung unveiled some fresh shiny things for you to spend your money on at its Unpacked event in New York this afternoon, and here’s a breakdown of the bits you need to know. The Galaxy Note 9 So the 6.4-inch Galaxy Note 9 underwhelmed most Samsung [...]
Samsung to plug $160bn into new technology in major growth push | City A.M. August 8, 2018 Samsung will boost its investment into tech businesses by $160bn (£123.6bn) over the next three years, in an effort to prop up South Korea’s place in industry while advancing its profit. Samsung Electronics will primarily fund $22bn of that investment to underpin research into artificial intelligence (AI), 5G connectivity, electronic components for automotives and biopharmaceuticals. [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
AirPods, iPhones and Apple Music: Here’s what to expect from Apple’s results out tonight | City A.M. July 31, 2018 Apple’s so-called boring quarter could prove to be not so dull, with the whole world watching to see signs of new tech products and a potential share price boost that could make it the first US trillion-dollar company. The springtime months are often Apple’s lowest in terms of iPhone sales as everyone holds off in [...]
Samsung profit growth slows in second quarter from ‘sluggish’ smartphone sales | City A.M. July 31, 2018 Mobile phone giant Samsung posted its slowest quarterly profit growth in more than a year today on the back of weak sales on its Galaxy S9 smartphones and tough competition. The figures Profit rose by 5.7 per cent to to 14.87 trillion won (£10.12bn) compared with last year, but took a dive from 15.64 trillion [...]
Facebook suspends another data analytics firm over surveillance concerns | City A.M. July 21, 2018 Tech giant Facebook has suspended another analytics firm during its own investigation into data sharing and collection on the social media platform. Crimson Hexagon, a US company offers “consumer insights” and works with government agencies around the world. The Wall Street Journal also reported that the firm had contracts “to analyse public Facebook data for [...]
Sony Xperia XZ Premium review: A premium device that puts Sony back in the game July 12, 2018 The Sony Xperia XZ Premium looks like the futuristic phone your younger self imagined you’d be using in the year 2017. It’s huge and silver (well, at least the silver version is) and resembles something an alien might insert into a glowing slot to power up his or her spaceship. While other phones try to [...]
Samsung is opening the world’s largest mobile phone factory in India July 9, 2018 South Korean tech group Samsung has announced the opening of the largest mobile phone manufacturing facility in the world, on the outskirts of New Delhi. Based in Noida, the facility is set to serve the fast-growing smartphone market in India which increasingly caters to local consumers looking to buy tech-enabled phones at lower prices. The [...]
HTC sales drop 68 per cent in June, the biggest slump the smartphone maker has had in over two years July 6, 2018 Smartphone maker HTC today released sales figures for June which showed the company is currently undergoing its biggest slump in more than two years. HTC said its consolidated revenue for June 2018 came in at 2.23bn Taiwanese dollars (£55.3m), falling 67.64 per cent from the same month last year at $6.8bn. Its numbers also fell [...]