Moelis gives young bankers a $10,000 allowance to ‘improve mental health’ April 1, 2021 Young investment bankers working at Moelis & Co will receive a $10,000 payment in a bid to improve their mental health after a gruelling year. The boutique investment bank told employees from analyst level up to executive directors would receive a $5,000 payment followed by $2,5000 instalments to be spent on health and lifestyle. Moelis [...]
Audioboom hikes revenue forecasts as podcast ads boom June 22, 2021 Audioboom has hiked its revenue forecasts for the full year after cashing in on strong advertising sales across its podcasting platform. The London-listed company said signed advertising bookings had already hit 99 per cent of its overall expectations for the whole of 2021. As a result, the firm expects revenue to be “significantly” ahead of [...]
Amazon hit with class-action lawsuit over ebook price-fixing January 15, 2021 Amazon has been slapped with a class-action lawsuit over accusations it colluded with publishers to fix ebook prices. The lawsuit, filed in a New York district court, alleges that Amazon and the so-called Big Five publishers — Penguin Random House, Hachette, Harper Collins, Macmillan and Simon & Schuster — agreed to price restraints that cause [...]
Soaring oil prices fuel London markets October 5, 2021 Soaring oil prices fuelled industrial megacaps this morning, pulling London markets away from yesterday’s losses. The capital’s premier index added 0.60 per cent to reach 7,052.75 points during the first couple hours of trading today. The likes of Shell and BP were boosted this morning by oil prices reaching a seven-year high, climbing above $80 [...]
Following worse-than-expected Q1 results, where next for the Alphabet share price? April 27, 2022 A key beneficiary of the covid-19 pandemic tech stock boom, Alphabet (NASDAQ: GOOGL) shares were changing hands for as much as $2,859 just three weeks ago. But after yesterday’s trading update, they sunk to as low as $2,215 in after-hours trading. Despite recovering to $2,305, worse may yet be to come. The Alphabet share price At first glance, Q1 results were [...]
Apple shares turn green as services rise July 30, 2019 Apple’s booming revenue in its services division provided a boon to investors tonight, as shares bounced more than four per cent in after-hours trading. The Californian tech giant topped expectations for quarterly profit and revenue for the three months to the end of June, as performance improvement in China helped its results. Read more: Apple [...]
UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
As Russia triggers needless tragedy, we need to defend our global stability March 4, 2022 The lives lost so far in Putin’s pointless and tragic war are a terrible price for Ukraine, and innocent Russians. But the collateral damage of a land war in Europe will soon begin to spread far beyond razed Ukrainian villages and the flattened streets of Kharkiv. War costs billions every day. And the response – [...]
Alfa Romeo Tonale review: hybrid SUV leads the Italian renaissance May 21, 2022 The new Tonale is a hybrid SUV to rival the BMW X1, Audi Q3 and Volvo XC40. Can it turn around Alfa Romeo's fortunes?
Web 3.0: The Wild West of the web March 3, 2022 A fresh dawn of internet is looming. Dubbed the ‘Wild West’ of the web, a new, decentralised and crypto-infused platform is looking likely to emerge within the internet as we know it.” Web 3.0 is becoming an increasingly hot topic with an enthusiasm to empower users and give them true ownership over their data while [...]