Apple’s share price just suffered an eight-day losing streak – its longest since 1998 May 2, 2016 Apple shares have posted their longest losing streak since 1998, closing lower for the eighth straight session today. The tech giant's stock closed at $93.64, although they have been marginally declining since 20 April, when its closing share price was $107.13. Read more: Apple's share price drops after revenue misses expectations [charts-share-price id="232"] Apple's share price [...]
Tech entrepreneurs aim higher than alternative investment market despite increasing investor demand May 2, 2016 Technology companies are aiming away from the London Stock Exchange's alternative investment market (Aim) despite strong demand from investors, new research suggests. Less than a quarter of UK technology entrepreneurs are planning to use Aim as an exit strategy, according to research from law firm Nabarro out today. Although 82 per cent of tech entrepreneurs [...]
This man has revealed himself as the secret inventor of Bitcoin May 2, 2016 An Australian man named Craig Wright has come forward claiming to be the inventor of Bitcoin, who has before now been known only by the pseudonym Satoshi Nakamoto. The entrepreneur has outed himself as the creator of the cryptocurrency to three news outlets – the BBC, The Economist and GQ. Wright claims to have cryptographic proof that he [...]
The Wizard of OS: Ian McKellen has made a Shakespeare app to bring the bard to a new generation April 29, 2016 "You can imagine what it’s like to kill someone. You have to, otherwise you wouldn’t be convincing as Macbeth," says knight of the realm and thesp extraordinaire Sir Ian McKellen matter-of-factly. He may have been performing The Bard’s work for the best part of 60 years, but this hasn’t dulled either his affection or his appetite. [...]
How established firms can fight back against fintech startups and being “uberised” April 29, 2016 When a new species enters an ecosystem, it can be disastrous for the existing inhabitants. The same is true in business. Financial markets are awash with innovation – fintech rules the day. Established players, worried that they may suddenly get ‘uberised’, have been forced to sit up. Read more: Fintech is coming to take your banking [...]
British astronaut Tim Peake to control a UK-based rover from outer space April 29, 2016 British astronaut Tim Peake will control a UK-based rover as he orbits the earth from the International Space Station. The live space-to-ground test today involves Peake — who is located hundreds of miles away — operating the rover nicknamed "Bridget" in a specially built "Mars yard" at Airbus Defence and Space in Stevenage, Hertfordshire. The experiment will help researchers learn more about the [...]
Want to work in the tech sector? These are the UK’s highest-paying tech firms April 29, 2016 Thinking of going into finance? The tech sector just might pay better, if new research is anything to go by. It turns out that not only do tech giants such as Apple, Amazon and Google offer great benefits – free lunches, flexible holiday allowances, egg freezing – but the salaries they pay rival anything a bank can throw [...]
Baidu’s share price jumps in after hours trading after the company reports revenue to have soared April 28, 2016 Chinese search engine Baidu's share price jumped almost five per cent in after hours trading after the company reported strong financial results. Sometimes dubbed China's Google, Baidu reported first quarter total revenue had climbed 24.3 per cent year-on-year to 15.82bn yuan (£1.68bn). The company also said that online marketing revenue had risen to 14.93bn yuan in the three months [...]
Apple: Billionaire investor Carl Icahn has sold Apple stake on China fears April 28, 2016 Billionaire investor Carl Icahn has sold his stake in Apple, and it's China's fault. Icahn said that while Apple is a "great company" and chief executive Tim Cook is doing "a great job", he had sold his position in Apple. Speaking to CNBC he said that China's attitude towards Apple and the Chinese economic slowdown led him to sell [...]
Linkedin share price shoots up as earnings and revenue for the first quarter beat expectations April 28, 2016 LinkedIn's share price shot up by over 15 per cent in after hours trading, as the company beat expectations in its results for the first quarter. The professional networking website posted revenue of $861m (£589m), well ahead of its own expectation for the three months of the year, and marking a 35 per cent increase compared to [...]