IBM revenue drops for 16th consecutive quarter but beats expectations April 18, 2016 While software giant IBM 's revenue fell for the 16th consecutive quarter, its results beat analysts' expectations. The New York-based firm's operating earnings per share fell 19 per cent to $2.35 in the three months ended 31 March, but this still beat analysts' estimates for $2.09. The company's shares slumped slightly in early after-hours trading. Read more: Software giant IBM posts [...]
Why blockchain is about to change finance as you know it March 22, 2017 Any process relying on outdated ways of doing things usually comes into technology’s crosshairs, and financial providers see blockchain as the newest opportunity to become more efficient and faster at serving customers. John Mahon, head of product research and strategy at EdgeVerve, says blockchain is ideally suited to the drawn-out process involved in buying a [...]
Government reduces its stake in Lloyds bank to below three per cent March 15, 2017 The government’s stake in Lloyds has fallen below three per cent, the bank announced this morning in a regulatory filing. The new sell-off marks the next stage in the government’s efforts to re-privatise the bank, which was bailed out in the global financial crisis. The Treasury said the sale means the government has recovered £19.5bn [...]
KPMG and BDO among group of consultants set to publish New Year’s resolutions January 9, 2017 By this point in January, many are already lamenting their failed efforts to stick to their New Year's diet, hit the gym every morning or stay away from the sauce. Not to be deterred, City A.M. has learnt a group of well-known names in consultancy are set to publicly pledge their resolutions for the new year [...]
Top business leaders are getting to work on making British industry digital to boost productivity and jobs February 1, 2017 It's full speed ahead for Britain's digital economy as top business leaders embark on ambitious plans to pull industry into the modern age and position itself at the forefront of the fourth industrial revolution. Increasing productivity and creating highly-skilled jobs will be the focus of the ambitious new plan to put digital technology, such as artificial [...]
Big Data will never replace Big Ideas: Why cultural intelligence matters May 22, 2017 Whether it’s big data scores, over-hyped Silicon Valley apps, or the panacea of artificial intelligence, the world is fixated on the possibilities of algorithmic knowledge. This will prove to be a costly mistake for business. The greatest challenges and opportunities of the coming century will all be cultural. Major companies like Intel, Ford, and IBM [...]
Fintech patents jump in “arms race” between banks and startups: These are the 10 countries filing the most April 18, 2017 The number of patents being filed for financial technology have jumped amid an “arms race” between fintech startups and banks, new figures reveal. Global fintech patents have grown by 49 per cent in the past five years, reaching 9,545 in 2016 according to official global filings. “The surge in patents reflects both the proliferation of [...]
Meet the six tech startups working with Transport for London to make the capital a smart city in Nitrous accelerator’s first cohort May 15, 2017 Six star startups have been chosen to delve into Transport for London’s troves of data to help transform the capital into a so-called smart city. Entrepreneurs working to reduce congestion on the trains, buses and roads of London as well as pollution will join the first Nitrous accelerator, designed to connect up-and-coming tech companies with [...]
Editor’s Notes: Tory immigration policy will harm the City and our economy, Corbyn’s deleted Chavez past and City AM founders included in Change Makers series May 26, 2017 Back when George Osborne was chancellor and Theresa May was home secretary, the pair would argue over the wisdom of seeking dramatic reductions in net migration. May was obsessed with the idea, and clearly still is, whereas Osborne was instinctively more comfortable with the view that immigration was nothing to worry about and the benefits [...]
Six things we learned from Warren Buffett after Berkshire Hathaway’s annual meeting: From AI and driverless cars to what happens if the sage of Omaha dies May 7, 2017 The sage of Omaha Warren Buffett took to the stage at the Berkshire Hathaway annual general meeting along with right hand man Charlie Munger. And the ever straight talking star investor did exactly that, discussing how he missed out on some of the biggest tech bets in recent years and what happens when he’s no [...]