Measuring the real cost of university – and getting ready to fund it September 14, 2021 September is always an emotional month for millions of households – with youngsters leaving the nest to head off to an exciting new chapter of their lives at university. Graduates earn around £10,000 more a year than those who don’t go to university, according to UK government figures1. University students also learn to become independent, [...]
On the charge: Tesla breaks $500bn market valuation after stock rally November 24, 2020 Tesla has broken through the $500bn (£375bn) market value mark following a mammoth rally that has seen its share price rise more than sixfold this year. The company’s shares were opened more than five per cent up today to give the firm a market cap of $519bn. The growth will round off an historic year [...]
Nokia growth knocked by losing part of Verizon 5G contract February 4, 2021 Growth at Nokia has been impacted by the firm losing part of the Verizon 5G contract in the United States to Samsung. Nokia’s new CEO Pekka Lundmark said in October that Nokia would do “whatever it takes” to take the lead in 5G. While both Nokia and its Nordic rival Ericsson have been gaining 5G customers [...]
S&P Global agrees $44bn mega-deal for IHS Markit November 30, 2020 S&P Global has agreed a $44bn (£33bn) deal to buy data firm IHS Markit in a move that will create a new financial services giant.
Women in finance body launches major research project September 11, 2020 A major new research project will explore the barriers to female progression in financial industries, it was announced today. The four-year programme, conducted by the London School of Economics and The Wisdom Council, will first identify why women continue to be under-represented at senior levels in the City and Canary Wharf. The second part of [...]
Covid-19 drives growth at Microsoft as cloud business benefits from home working January 26, 2021 Revenue was up at Microsoft in its second quarter, with the pandemic accelerating the company’s switch to cloud-based computing. Microsoft beat Wall Street estimates for revenue growth from Azure, it’s cloud computing service, as the software giant continued to benefit from a global shift to working and learning from home. The company’s shares, which gained about [...]
Big Tech earnings: What to expect this week as tech titans report July 27, 2021 Wall Street is gearing up for a slew of Big Tech earnings this week with Apple, Amazon, Facebook, Google and Microsoft all set to deliver figures for their latest quarter. Twitter and Snap kicked off proceedings by smashing expectations last week, raising hopes that a post-pandemic advertising rebound will boost other platforms. Tesla also shrugged [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
New foreign investment powers will create ‘considerable uncertainty’ for business November 11, 2020 A new law giving the government the power to block foreign takeovers will create “considerable uncertainty” for businesses, City firms have warned today. The National Security and Investment Bill, which was published today, has been labelled the “most significant” change to the UK’s investment regime in decades. But many are concerned that the new regime, [...]
London startup Arrival valued at $5.4bn in US listing through Spac deal November 18, 2020 Electric vehicle startup Arrival has merged with a blank-check company to go public in the US at a listing valued at around $5.4bn. The London-based company, which was founded in 2015, has agreed to merge with Nasdaq-listed CIIIG Merger Corporation, a special purpose acquisition company (Spac). This year there has been somewhat of a frenzy [...]