Analyst Views: What does the future look like for Arm in the context of these results? April 23, 2014 LIBERUM | EOIN LAMBE AND JANARDAN MENONArm has reported first quarter results below our forecasts, mainly due to weaker than expected processor royalty revenues. We believe the disappointing royalty trend is mainly driven by slowing growth in smartphones and tablets and we expect these trends to continue. Sell maintained. INVESTEC | JULIAN YATESWith gross margins [...]
Spotify passes 10m user mark May 21, 2014 ONLINE music streaming firm Spotify now has over 10m users, according to an announcement yesterday. The group rose from having 6m users previously, and has now paid over $1bn (£591.9m) in royalties to artists. The firm also said Eminem and Rihanna (pictured) are the most streamed male and female artists over the lifetime of the [...]
Tesco backs Blinkbox with Clubcard rewards in fight against Netflix and Amazon June 17, 2014 Blinkbox, the Tesco-owned TV and film streaming service, is introducing customer rewards to attract and retain customers. Tesco is putting the weight of its Clubcard loyalty scheme behind Blinkbox in a bid to stand out from rivals such as Netflix and Amazon Prime Instant Video. The scheme is the biggest tie-up between the two [...]
Mercedes is making a million dollar car June 27, 2014 Mercedes is set to unveil a luxury car with a million dollar price tag, making it the most expensive sedan in the world. The Mercedes S-Class Pullman, part of its flagship range, is slated to have armour plating and a separate section partitioned off from the chauffer, Bloomberg reports. The model, due to go on [...]
Amazon and Luxembourg hit by EU “sweetheart deal” tax crackdown. July 3, 2014 Amazon is the latest company to have been hit by an EU tax crackdown that has already caught out Apple, Starbucks and Fiat’s financial arm. According to a report in the FT, the EU's competition commission has sent a request to Luxembourg, where the company's headquarters are based, for information about whether decisions on [...]
From chips to telecoms innovation is the key September 17, 2014 INNOVATIVE COMPANY of the year City A.M.’s Innovative Company of the Year category salutes businesses that are frontrunners in their industry, from micro-chips to car service apps. With London being one of the leading hubs in Europe – if not the world – of innovative technology, our judges have had a hard time choosing a [...]
King of Spain set to renounce crown after 39 years on throne June 2, 2014 SPANISH King Juan Carlos I announced his unexpected abdication yesterday, handing over the position to crown prince Felipe. It puts an end to 39 years during which he helped Spain transition to democracy. Juan Carlos I, who is 76, told Spanish Prime Minister Mariano Rajoy of his wish to leave his position as monarch, which [...]
Starbucks tops expectations as profits rise by more than 10pc July 24, 2014 Global coffee giant Starbucks topped Wall Street expectations once again. The Seattle coffee chain reported earnings per share of $0.67 for the quarter ended in June, compared to $0.66 forecast by analysts. Starbucks, which has stores in 63 countries and over 200 stores in London, said revenue rose by more than 10 per cent to [...]
Astrazeneca buys licence for new anti-asthma treatment June 12, 2014 Astrazeneca, the UK pharmaceutical giant that rejected a takeover bid by US rival Pfizer, yesterday bought the right to distribute a new severe asthma therapy from Synairgen. The £134m deal included £4.31m paid upfront to Synairgen and gradually increasing royalty fees for the Southampton-based company. Inhaled anti-viral drug SNG001 has a primary target market in the [...]
The week in brief June 16, 2014 Instagram rolls out ads in UK, Canada and Australia Facebook’s photo and video-sharing service Instagram last week announced that it will introduce advertising in the UK, Canada and Australia, after a successful trial in the US last year. The service claims 200m users worldwide, with just 34.9m based in the US according to advertising consultancy [...]