Monitise’s information chief walks out after share price boom September 1, 2014 Mobile transactions firm Monitise yesterday announced the surprise departure of its information chief with immediate effect. Monitise, whose shares soared 13.2 per cent last Wednesday after the mobile banking and payments firm announced a deeper alliance with business giant IBM, said Mike Keyworth would remain a technology adviser to the firm. Shares fell 1.5 per [...]
City Moves for 22 September 2014 | Who’s switching jobs September 21, 2014 Altium The mid market financial advisory group has announced two appointments to its UK debt advisory practice. Simon Chambers (pictured) and Richard Clark both join as managing directors from DC Advisory. Clark has also held roles at Close Brothers, Houlihan Lokey and JP Morgan. Chambers has previously worked at Barclays, and also as an engineer [...]
Blackberry buys London startup Movirtu September 11, 2014 Is this a sign of things to come for the new, leaner Blackberry? The embattled mobile manufacturer has bought Movirtu, a London-based mobile software startup, to target smartphone users who increasingly use a single device for personal calls and business. Movirtu provides a virtual mobile platform which enables users to have more than one mobile [...]
What the other papers say this morning – 27 June 2014 June 26, 2014 FINANCIAL TIMES GoPro soars on Nasdaq debut Shares in GoPro soared higher than the daredevil sports enthusiasts who use its action cameras as it made its stock market debut yesterday leaping more than 30 per cent to over $31 in its first morning of trading. The initial public offering is the biggest for a consumer [...]
As fast as a supercomputer and as small as a postage stamp: the new computer chip that mimics the brain August 9, 2014 “TrueNorth” is a new computer chip that has been developed by scientists to mimic the organisation of the brain. Just three millimetres in width, it consists of a grid of one million “neurons”, each connecting to 256 other neurons. The result is over 256 million connections, or “synapses”, between them. By working together, the [...]
City Moves for 31 July 2014 | Who’s switching jobs July 30, 2014 BJSS The IT consultancy has announced the appointment of Grant Thomas as head of practice. He joins from Barclaycard, where he was head of business change. Thomas has also previously held senior roles at IBM, PwC, and Accenture. Nikko Asset Management Stefanie Drews has been appointed global head of institutional marketing and proposition at the [...]
New York Report: Dow and S&P fall from peak May 14, 2014 THE Dow and S&P 500 yesterday dropped from record levels, with home-builder and bank shares among the biggest fallers. The Dow Jones industrial average fell 101.47 points, or 0.6 per cent, to 16,613.97, while the S&P 500 index lost 8.92 points, or 0.5 per cent, to 1,888.53. Nasdaq fell, too, by 29.54 points, or 0.7 [...]
Apple beats earnings expectations as investors look ahead to iPhone 6 and iWatch releases July 22, 2014 It's what Apple does next that really matters. The company's quarterly earnings figures saw it post a smaller than expected rise in revenue of six per cent as the tech giant continues to grow, albeit slower than anticipated, with subdued sales of iPhones and iPads in the three months to the end of June. In its [...]
IBM revenues slip as companies turn to cloud computing power October 16, 2013 COMPUTING giant IBM last night reported a fall in sales as large corporations cut back on hardware purchases and turn to cloud computing services. Total sales at the US technology company fell four per cent to $23.7bn (£14.9bn) for the three months to the end of September, largely due to hefty declines at its hardware division and [...]
Buffett dials up Verizon shares May 15, 2014 Warren Buffett’s Berkshire Hathaway bought a new stake of 11m shares in Verizon Communications in the first quarter and added to its holding in Wal-Mart Stores, according to a regulatory filing last night. Berkshire, an ice cream to insurance conglomerate where Buffett is chairman and chief executive, increased its holding of Wal-Mart by 17.3 per [...]