UK chip designer Arm hit by Apple results as share price slides January 27, 2016 Everyone's favourite Brit chip designer, Arm Holdings, has been hit by disappointing results from Apple, with shares sliding 2.3 per cent to 991.5p in early trading. The Silicon Valley giant is one of Arm's biggest customers, which makes its money by licencing designs for microchips to the likes of Apple and many of its rivals. Last night [...]
One Direction has a lot to learn: This group of grandads is the UK’s richest band April 21, 2016 Wild horses couldn't stop the Rolling Stones from being crowned the wealthiest band in Britain and Ireland. Sir Mick Jagger, Keith Richards, Charlie Watts, and Ronnie Wood have combined fortunes of £630m, up £40m on 2015. Read more: London has more billionaires than any other city in the world It was also a beautiful day for U2, who have a [...]
Vectura Group’s share price surges after completing clinical study January 8, 2016 Shares in drug developer Vectura Group climbed today after it announced the completion of a clinical trial for its generic therapy for asthma. Vectura's share price was 8.14 per cent up at 192.6p per share in late morning trading. The British-based pharmaceutical firm said it had completed the trial for VR315 in the US. VR315 is a [...]
Kanye West versus Mark Zuckerberg’s wealth in charts: Net worth, income, property and where their money comes from February 15, 2016 Why on earth does superstar musician and designer Kanye West need to turn to Mark Zuckerberg for help? West has tweeted that he is $53m in personal debt and called on Facebook billionaire Mark Zuckerberg to lend him a few bob. Really. He asked for one billion dollars to invest in "Kanye West ideas", though did not say exactly what [...]
Standard & Poor’s downgrades BHP Billiton and places ratings on watch due to low commodity prices February 1, 2016 The ongoing commodities rout has prompted ratings agency Standard & Poor's (S&P) to lower its long term credit ratings on mining firm BHP Billiton from A+ to A, and place the company on CreditWatch with "negative implications". S&P said its decision to downgrade the miner followed a "recent update to our price assumptions for most commodities, [...]
Adele keeps 25 off streaming services following Taylor Swift and Beyoncé to become latest superstar to snub Spotify November 19, 2015 Adele has become the latest artist to keep her music off Spotify, announcing today that her upcoming album 25 won't be made available on any streaming services. The British singer had reportedly been pushing Spotify to release her hotly-anticipated album to paying Spotify Premium subscribers alone, a move which would limit the release to 20m [...]
BHP Billiton share price falls as it announces more impairment charges and iron ore production guidance January 20, 2016 BHP Billiton languished towards the bottom of the FTSE today, after the mining giant's first half operational review laid bare the impact of plunging global commodity prices on its balance sheet. The company said it would take an additional $300m (£211.6m) to $450m in impairment charges from its first-half earnings, due to redundancies, inventory write-downs as well as royalty and taxation matters. [...]
News you can celebrate: Happy Birthday is now officially in the public domain and free for all to sing December 9, 2015 One of the most performed and well-known songs in the world is finally free as a two-year legal battle over who owns the copyright to Happy Birthday to You comes to an end. Music publisher Warner/Chappell, part of Warner Music Group, has settled a class-action lawsuit for an undisclosed sum, with multiple artists who wanted to have fees they [...]
Anglo Pacific boosts portfolio in $65m Whitehaven royalty deal February 4, 2015 SHARES in mining investment company Anglo Pacific dipped by 1.5 per cent yesterday after it announced the $65m (£42.8m) acquisition of a royalty interest in the Narrabri coal project in Australia. The transaction will be funded using a combination of a proposed firm placing, placing and open offer to raise $55m to $60m, as well [...]
Arm Holdings share price jumps as revenues rise 24 per cent October 21, 2015 Arm Holdings, the UK chip designer – and one of the darlings of Cambridge's burgeoning tech scene – said pre-tax profits jumped almost a third in the three months to the end of September. The figures The company said revenues had risen 24 per cent to £243.1m in its third quarter, pushing profits before tax up 27 per cent to £128.4m. The [...]