As it happened: FTSE 100 rises to defy tech gloom; oil creeps up on fresh Iran tensions Markets Welcome back to the City AM liveblog. Donald Trump warned the US will “finish the job” in Iran leaving investors unnerved as he renewed military threats following the funeral of Tehran’s former Supreme Leader Ayatollah Ali Khamenei. Brent crude – the international benchmark for oil – traded above $72 per barrel on the news, but [...]
Apple memory chip warning causes fresh Asia tech sell-off Markets Markets across Asia fell sharply during Friday trading after US tech giant Apple blamed memory chip shortages on its decision to hike product prices. South Korea’s blue-chip Kospi suffered the biggest losses, forcing the stock exchange to trigger a 20 minute trading halt for the third time this week. It also marked the fifth trading [...]
Does trouble lie ahead for South Korea’s star tech stocks? Markets Over the past 18 months, South Korea’s main stock market has burst back onto the global investment scene, led by a staggering recovery for the Kospi index. The country’s blue chip index had been plagued by the impeachment of President Yoon Suk Yeol and companies trading at significantly lower valuations compared to emerging market peers [...]
Samsung employees bag £310k bonuses as chip boom sends payouts soaring May 28, 2026 Samsung’s AI-fuelled chip boom has delivered eye-watering payouts for thousands of staff, after workers at the South Korean giant voted through a profit-sharing deal worth hundreds of thousands of pounds each. Employees in Samsung’s memory chip division are set to receive bonuses averaging roughly £310,000, mostly in stock, as soaring demand for AI data centre [...]
Samsung workers threaten strike over AI profits as market value hits $1 trillion May 7, 2026 Samsung Electronics is facing the threat of a major worker walkout, after unions demanded a bigger share of the company’s AI-fuelled semiconductor profits. Two Samsung unions are pushing for a seven per cent pay rise and a bonus scheme worth 15 per cent of each division’s operating profits, with workers threatening an 18-day strike later [...]
Kospi breaks 7,000 mark as Samsung becomes trillion-dollar company May 6, 2026 South Korea’s bluechip index soared to record highs during Wednesday trading, after a rally in semiconductor stocks propelled it past the 7,000 mark. The index surged 6.4 per cent to 7,384.5 points after strong gains from heavyweights Samsung Electronics and SK Hynix. Samsung Electronics rocketed 14.4 per cent to 266,000 KRW (£134.7), with its performance [...]
Outernet CEO: Profiting from art shouldn’t be shameful May 5, 2026 The stigma of 'selling out' is unhelpful and outdated. Art and commerce have always coexisted, writes Outernet CEO Philip O'Ferrall.
Kospi nears record 7,000 as Samsung family pay off huge inheritance tax bill May 4, 2026 South Korea’s Kospi breached the 6,900 mark for the first time on Monday, after a record rally in semiconductor stocks and the family behind tech giant Samsung paid off its inheritance tax bill. The index surged 5.1 per cent during Monday trading, closing 6,936.9 points, creeping closer to breaking the 7,000 mark after rallies by [...]
Chinese online retailer takes on Amazon March 16, 2026 Chinese retail giant JD.com has mounted a challenge to Amazon’s control of the home-delivery market with its UK launch of online shop Joybuy. The platform will offer big-name brands including Apple, Samsung and Lego and is taking on Amazon’s reputation for speedy delivery with its “Double 11” promise – meaning orders placed before 11am will [...]
Samsung bets on AI tools to win over stressed City workers March 12, 2026 Samsung is pitching its new Galaxy S26 range as a productivity tool for professionals who increasingly rely on one device to manage work, travel and everyday admin. The company has unveiled the S26 series, with UK vice president of product and marketing Annika Bizon describing the launch as a major step forward on hardware and [...]