LG Electronics: UK sales suffer almost £100m fall as Samsung rivalry heats up August 14, 2024 Sales at the UK arm of LG Electronics have been slashed by almost £100m after it lost market share and Samsung stepped up its competition. The Surrey-headquartered division has reported a turnover of £561.4m for 2023, down from £654.3m, according to newly-filed documents with Companies House. Its pre-tax profit was also cut from £19.7m to [...]
Five fintechs on the verge of unicorn status August 13, 2024 The fintech sector is experiencing lightning growth, with a number companies on the brink of joining the coveted unicorn club – a title given to privately-held startups valued at over $1bn. According to recent data from Crunchbase, analysed by investment bank Panmure Liberum, a handful of fintech firms are leading the charge, with valuations upwards [...]
Tiktok strikes gold with Team GB: 25 per cent revenue surge in UK during Olympics August 9, 2024 Tiktok’s revenue has soared since the start of the Olympics thanks to an increase in advertising spend after it launched a campaign to debut GB athletes on the platform and as audience interest in the Games has piqued. The video sharing app, which is an official partner of Team GB and Paralympic GB, has revealed [...]
Apple pins hopes on AI for iPhone upgrades as China sales falter August 2, 2024 Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed.
FTSE 100 today: London markets poised to open higher as UK job creation likely slows July 18, 2024 Asian stocks fell amid rising US-China trade tensions. Investors now await UK employment data, the ECB decision and AJ Bell's earnings.
FTSE 100 today: London markets set to open higher as Labour seen winning July 5, 2024 Asian stocks hit record highs; pound steady post-Labour win, gold traded higher; investors eye US jobs data.
Why ‘Mickey Mouse’ Degrees aren’t as goofy as Rishi says June 10, 2024 [RE: Sunak wants to ‘scrap rip-off degrees in favour of 100k apprenticeships, 29 May] Rishi Sunak’s recent attack on so-called “Mickey Mouse” degrees overlooks their huge contributions to London’s economy and society. With one-in-five jobs in the city linked to the creative sector, our innovative talent shines on the global stage. These degrees are often criticised [...]
FTSE 100 today: London markets primed to open higher as rate cut odds strengthen June 5, 2024 Asian markets surged on rate cut expectations, while Australia's Q1 growth slowed. Eyes on global services PMI releases and Computacenter.
Why this self-made millionaire believes an ‘original’ business idea is far from needed June 4, 2024 Timothy Armoo on why you an "original idea" is far from needed when it comes to entrepreneurial success.