Facebook beats expectations as ad spend surges April 28, 2021 Facebook beat Wall Street expectations for quarterly revenue on increased digital ad spend as the world emerges from lockdown restrictions. Total revenue, which primarily consists of ad sales, jumped to $26.17bn in the three months to 31 March, beating estimates of $23.67bn. Earnings came in at $3.30 per share versus the expected $2.37 forecast. Facebook [...]
Pub operator Fuller, Smith & Turner raises £54m through share placing March 31, 2021 Pub operator Fuller, Smith & Turner raised nearly £54m today after completing a share placing in a bid to bolster its books. The pub and hotels company said a total of 6,455,447 placing shares had been placed by its bookrunner Numis at 830 pence per share. It represents approximately a fifth of the company’s shares [...]
Curve follows Series C with crowdfunding round to pursue global expansion May 11, 2021 London fintech Curve has launched a new crowdfunding campaign five months after closing its £72.5m Series C round. Founded in 2015, the company allows users to consolidate all their credit and debit cards into one smart card and app and now boasts more than 2m customers. Its Crowdcube campaign is set to go live later [...]
Labour’s Rachel Reeves would support cut to UK basic rate of Income Tax December 9, 2021 Rachel Reeves has said she would support a 2p cut to the basic rate of UK Income Tax amid reports that Rishi Sunak is considering the measure. The shadow chancellor told City A.M. in a wide-ranging interview that she “would like to see the chancellor do it”, but described reports of Sunak’s potential tax cuts [...]
Tech earnings: What to look out for in a bumper day of Silicon Valley results October 29, 2020 All eyes will be on Silicon Valley tonight as the tech giants prepare to unveil their earnings for the third quarter. Google owner Alphabet, Amazon, Apple, Facebook and Twitter are all set to update investors on their trading during a turbulent period dominated by the coronavirus crisis. Earnings season for the so-called FAANG companies kicked [...]
City A.M. TV: Daily Market Snapshot (video) April 26, 2021 Since early April, US equity markets have been in a persistent uptrend. That’s been is aided and abetted by (i) notable US dollar weakness; (ii) lower bond yields (resulting in tech outperformance); and (iii) a strong Q1 earnings season, with most US companies surprising markets to the upside. In that respect, and while US equity indices [...]
Tom Holland shows his dark side in Russo Brothers’ Cherry March 11, 2021 With so much high-profile work under his belt, it’s easy to forget that Tom Holland has only been in movies since 2012. The 24-year-old made his on-camera debut alongside prestigious company in Oscar nominated drama The Impossible, and has barely stopped for breath since. Best known as Peter Parker/Spider-man in the all-conquering Marvel Universe, the [...]
Take control of your nutrition December 29, 2020 Fine-tune your health and nutrition with uniquely formulated and award-winning cold-pressed juices and shots from Junius. The juice range divides its wellbeing approach into seven pillars, to help people personalise their health regimes. From ZIP to ZEN, target your health goal with nutritious and delicious ingredients like zingy ginger. Choose the SPA range if your goal [...]
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge February 27, 2021 Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
Scots look away – the best whisky in the world is made in Taiwan June 1, 2021 The best whisky in the world is made in Taiwan by a company that started off making mosquito repellent and root beer. The King Car Group’s Kavalan 10th Anniversary Sky Gold Wine Cask Matured Single Cask Single Malt Whisky has just been named “Best of the Best” single malt at the recent Tokyo Whisky & [...]