Family-run firms aren’t arcane: They help populate the City with women October 23, 2014 In the past few weeks, two women took on powerful positions in the financial services. First, Ana Botin became chairman of Spanish bank Santander, following the death of her father Emilio. Then Abigail Johnson replaced her father Ned as chief executive of US fund management firm Fidelity. Botin is the sixth generation of her family [...]
Publicis Groupe share price falls as communications giant misses growth expectations October 23, 2014 The only way is digital for French communications giant Publicis Groupe, as digital increasingly makes up a bigger slice of the company's overall revenue. In its third-quarter results released today, Publicis Groupe missed expectations for organic growth, yet claimed the fact that 42% of its overall revenue came from digital operations (a nine per [...]
Samsung picks British startup Bango for billing October 22, 2014 CAMBRIDGE-based carrier billings startup Bango has signed a deal with Samsung to preload its software on the South Korean tech giant’s smartphones, letting consumers charge games, music and videos directly from their mobile phone bills. Shares in the Aim-listed company jumped 5.76 per cent on the news to 101p in London, valuing Bango at over [...]
Apple Pay launches: Why mobile payment is about take off October 21, 2014 Apple Pay, the tech giant's mobile payment service, has launched in the US offering users the ability to pay for items using just their mobile phone. It kicks of the most high-profile launch in the nascent mobile payment space, which could finally push it into the mainstream. A mobile wallet is perhaps the best way [...]
Apple iPad Air 2 and iPad Mini 3 launch: New releases show Tim Cook’s strategy October 16, 2014 Tim Cook called it a speed bump: Apple's global quarterly iPad sales were down to 13.28 million in the last quarter, the lowest they'd been since Q2 2012. Read about the iPad launch here. So rather than panic, Apple seems to have decided it just needs to refine its product. As Ernest Doku, telecoms expert at [...]
Mountain a new challenge this ski season October 13, 2014 1. Tirol, Austria White 5 pass is valid for 10 days from 1 October 2014 to 15 May 2015, for €358 per person, tirol.com If you just can’t wait to go skiing or you want to beat the peak season rush, Austria is the perfect destination this month. The five Tirol glaciers encompass 229km [...]
Samsung develops new wi-fi tech five times faster than speeds currently available October 13, 2014 In an increasingly competitive smartphone market, could ultra-fast wi-fi speed hand Samsung the edge over its rivals? The South Korean company says it has developed wi-fi technology capable of sending data five times faster than the maximum speeds currently available. Existing technology, which allows for 108MB per second of data transmission on wi-fi, [...]
7Digital share price surges after talks with Will.I.Am for smartwatch music service confirmed October 13, 2014 One of the digital darlings of London’s Silicon Roundabout has confirmed it’s in talks with global superstar and tech entrepreneur Will.I.Am to create a music streaming service for his soon-to-launch smartwatch. 7Digital Group said it is in discussions with “respect to the delivery of a music service on a new range of devices, including wearables,” [...]
Carl Icahn tells Tim Cook: Apple share price dramatically undervalued October 9, 2014 Infamous activist investor Carl Icahn has published in full a letter to Apple urging Chief Tim Cook and board executives to buyback shares. Icahn tweeted yesterday about the letter to Cook hinting "Believe it will be interesting." In the letter, Icahn said Apple was "dramatically undervalued in today's market" and that "the more shares repurchased [...]
Samsung’s profit expected to fall as smartphone demand wanes October 7, 2014 SAMSUNG Electronics is heading for its first annual fall in profits since 2011, after it revealed yesterday its profits between July and September would be the lowest in more than three years due to dwindling demand for its high-end Galaxy smartphones. Samsung said its profit for the third quarter would likely fall 59.7 per cent [...]