Apple sales come to the fore as big tech firms brace for crunch results January 29, 2019 Silicon Valley will be preparing for market instability this week as several members of the so-called Faang grouping gear up to report quarterly results for the recent festive period. Three members of the big tech club – which includes Facebook, Apple, Amazon, Netflix and Google – will publish figures amid rising speculation that their time [...]
City Moves for 9 August – Who’s switching jobs at Assurant, OSTC and Media Chain? August 9, 2019 Today’s City Moves includes Assurant, OSTC and Media Chain. Assurant Global provider of housing and lifestyle solutions Assurant has announced the appointment of Christian Formby as its new president, Europe, subject to receipt of regulatory approval. Formby will have responsibility for developing and executing strategic priorities for Assurant’s European operations to drive profitable growth in [...]
Just Eat share price jumps as it agrees key terms in £9bn Takeaway.com merger July 29, 2019 Food delivery site Just Eat and Dutch business Takeaway.com today confirmed they had agreed key terms for their possible £9bn all-share merger. Read more: Just Eat shares fall after Amazon makes multi-million dollar investment in Deliveroo Following completion of the deal Just Eat shareholders would own approximately 52.2 per cent of the company and Takeaway [...]
Unconscious bias and lack of diversity is holding business back August 6, 2019 The lack of diversity in technology is not a new issue. A study by Statista showed that female employees make up between 26 percent and 43 percent of the workforce at major tech companies. However, even this does not tell the whole story, as the number of women in engineering or product-focussed jobs is even [...]
US President Donald Trump lashes out at Amazon for paying “little or no” tax March 29, 2018 Donald Trump has criticised tech giant Amazon via Twitter today, claiming the firm pays “little or no” tax to state and local governments. “I have stated my concerns with Amazon long before the [US presidential] election,” he wrote. “Unlike others, they pay little or no taxes to state and local governments, use our postal system [...]
Packaging maker DS Smith shares on the rise as profits soar June 13, 2019 DS Smith shares rose five per cent today on the news it enjoyed profit boost of nearly one-third last year. The packaging manufacturer said it had plans in place to stockpile goods ahead of Britain’s planned exit from the EU at the end of October. Read more: DS Smith sells plastics division to US private [...]
City Moves for 5 August – Who’s switching jobs at Willis Towers Watson, Morningstar and Posterscope? August 5, 2019 Today’s City Moves includes Willis Towers Watson, Morningstar and Posterscope. Willis Towers Watson Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced the appointment Matthew Gooden to the role of director and head of sales across its professional indemnity (PI) team. Matthew will be tasked with driving new business leads for the [...]
Q&A: Why do markets rise even when the outlook is bleak? June 9, 2020 The global economy is on track for its worst recession in nearly 100 years, yet April was the market’s best monthly performance in three decades and the S&P 500 has just turned positive for 2020. Why? The first quarter of 2020 has been tough for the global economy in the midst of the coronavirus pandemic. [...]
Old Mutual North American Equity added to the Foundation Fundlist Ian Heslop outperform S&P 500 US stock market quantitative FANG Amazon Facebook July 10, 2018 Finding funds that consistently outperform the American market is, it is often said, notoriously difficult. This has certainly been the experience over the past decade, accentuated in the past few years by the dominance of larger companies in dictating market returns, notably the so-called ‘FAANG’ stocks: the quintet of Facebook, Apple, Amazon, Netflix, and Google, [...]
The best (and weirdest) new gadgets from CES 2020 January 9, 2020 As difficult as it is to believe, 2019 has actually ended, slinking out of time’s backdoor like a scolded cat and into the history books under a chapter titled ‘Bloopers and Outtakes’. Of course, the annual changing of the calendar guards heralds many things – reflection, resolution, vegan steak bakes – but it’s also a [...]