Qualcomm shares tank as China weakness chips away at revenue August 1, 2019 Qualcomm has warned of a sharp drop in revenue for the fourth quarter as it battles against a slowdown in the smartphone market and difficulties in China. The chipmaker warned of “continued weakness” in China demand, and blamed the growing market share of tech giant Huawei. Read more: EU fines Qualcomm €242m for ‘crushing’ 3G [...]
Amazon, Apple and Google team up to break home tech barriers December 18, 2019 Amazon, Apple and Google are teaming up to develop a new standard for compatibility across smart home products and appliances, the companies said today. The standard could unify a home’s electrical ecosystem and break down barriers between platforms, enabling consumers to rely on multiple providers for a streamlined service. Read more: Smart homes could transform [...]
Shell paid no corporate income tax in the UK in 2018 December 18, 2019 Oil supermajor Royal Dutch Shell has revealed that it paid no corporate income tax in the UK in 2018, despite earning $731m (£557m) in profit. Instead, the Anglo-Dutch giant took nearly $115m in tax rebates related to the decommissioning of North Sea oil platforms. Read more: Mitsubishi beats Shell to purchase of Dutch energy supplier [...]
Downton Abbey film review: If you’re a fan of period dramas, this may be your Avengers September 13, 2019 Four years on from the final episode, Downton Abbey returns for more nostalgia and vicarious luxury. It’s 1927, and the reason for our return is the arrival of King George V and Queen Mary to the big house. This impending brush with royalty causes no end of chaos among the Downton residents, with the upstairs [...]
Hipgnosis signs up songwriter behind Adele and Stormzy hits December 3, 2019 Music royalties investment firm Hipgnosis has announced the latest addition to its roster of musicians, signing up the brains behind hit tracks by Adele and Stormzy. Read more: That’s a rap: Hipgnosis lands Timbaland catalogue as it beefs up portfolio The London-listed firm today said it has acquired a music catalogue from British songwriter and [...]
Hipgnosis bags rights to music catalogue of Ed Sheeran songwriter August 7, 2019 Music royalties investment firm Hipgnosis has acquired the music catalogue of Benny Blanco, the songwriter and producer behind top artists including Ed Sheeran. Read more: Hipgnosis snaps up rights to music catalogue of Eurythmics co-founder Dave Stewart Hipgnosis has secured 100 per cent copyright ownership over Blanco’s portfolio of songs, which includes 29 number ones [...]
Immupharma shares take off as firm signs US lupus deal November 28, 2019 Specialist drug developer Immupharma rose almost 300 per cent today on the back of an exclusive US licensing deal for Lupuzor, its flagship treatment for autoimmune disease lupus. The deal with Avion Pharmaceuticals will see Immupharma receive $70m (£54.1m) in milestone payments. Read more: GSK continues pharmaceuticals push with £1.1bn vaccines sale Shares in the [...]
Hipgnosis profit surges as song catalogue hits the right notes December 11, 2019 Music royalties investment firm Hipgnosis has posted a huge rise in pre-tax profit after snapping up some of the biggest hits of the decade in an aggressive acquisition spree. The London-listed firm today reported pre-tax profit of £12.6m in the six months to the end of September, more than four times the £3m posted in [...]
Anglo Pacific on track for record year of revenue November 4, 2019 UK-based miner Anglo Pacific said that it was on for another record year of revenue, as increases in volumes underpinning the company’s royalties offset lower commodity prices. Over the first nine months of the year the company enjoyed a 40 per cent increase in portfolio contribution, growing to £46m from £33.1m in the same period [...]
That’s a rap: Hipgnosis lands Timbaland catalogue as it beefs up portfolio October 16, 2019 Music royalties investment firm Hipgnosis has bought the music catalogue of prolific US record producer Timbaland in its latest high-profile acquisition. Read more: Musical shares: Why Merck Mercuriadis believes the old ones are always the best The London-listed firm said it has secured the rights to 108 albums and songs belonging to Timothy Mosley, better [...]