The trials of Jobs August 25, 2011 Steve Jobs’ shock resignation was followed by the inevitable panic. Jumpy investors piled out of Apple stock, knocking $25bn from its market cap, most of which was soon recouped. But it will be months and years, not days and weeks, until the effects of his loss become clear. A man of his talent and vision [...]
The trials of Jobs August 25, 2011 Steve Jobs’ shock resignation was followed by the inevitable panic. Jumpy investors piled out of Apple stock, knocking $25bn from its market cap, most of which was soon recouped. But it will be months and years, not days and weeks, until the effects of his loss become clear. A man of his talent and vision [...]
Bargain hunters return to market August 22, 2011 US stocks ended slightly higher yesterday after four weeks of losses as investors hesitated to take big risks without a catalyst for buying. The market was led by large-cap techs and industrials until late in the session when a rally faded. Banks struggled, with Bank of America, the largest US bank, falling 7.9 per cent [...]
Lenovo buys PC firm in Germany June 1, 2011 CHINESE computer maker Lenovo has agreed to buy German electronics retailer Medion for around $900m (£551.5m), boosting its market share in Europe. The acquisition, Lenovo’s biggest since its purchase of IBM’s PC business six years ago, comes four months after Lenovo signed a joint venture deal with NEC Corp to sell laptops in Japan. The [...]
Stress test relief to provide a lift to markets on open July 17, 2011 AND the winner is…” direction for stocks this morning will be driven by the results of the European bank stress tests, which were released at 5pm on Friday, after European stock markets closed. A grand total of eight banks failed the tests, but that number was well below the worst fears of some analysts who [...]
Apple brand tops the table May 8, 2011 APPLE has become the most valuable brand in the world, at the expense of its increasingly bitter rival Google. Steve Jobs’ firm has an estimated brand value of $153bn (£93bn) according to WPP subsidiary BrandZ. Apple knocked Google off its perch following a run of four years with the search giant at the top of [...]
Apple brand tops the table May 8, 2011 APPLE has become the most valuable brand in the world, at the expense of its increasingly bitter rival Google. Steve Jobs’ firm has an estimated brand value of $153bn (£93bn) according to WPP subsidiary BrandZ. Apple knocked Google off its perch following a run of four years with the search giant at the top of [...]
Positive earnings news buoys markets July 19, 2011 Markets tipped into the black today after days of sell-offs prompted by ongoing sovereign debt fears. UK stocks climbed on a raft of company news as quarterly earnings data proved largely positive. The FTSE 100 ended 0.7 per cent higher at 5,789.99 as banks and miners were bought widely after selling yesterday left them looking [...]
CITY MOVES | WHO’S SWITCHING JOBS May 26, 2011 JP Morgan Asset Management Professor Paul Sweeting has been appointed as European head of the Strategic Investment Advisory Group for JP Morgan Asset Management. Based in London, Sweeting will advise the firm’s European institutional clients on asset allocation, risk management and investment strategies. Sweeting previously held positions at Munich Reinsurance Company and Fidelity Investments International. [...]
IBM hit as new service contracts dry up October 19, 2010 BM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 per cent lower, although it announced stronger profits and raised its full-year outlook A decline in services and outsourcing contracts signed in the quarter, a key indicator of future revenue growth, prompted some investors to take profits after the [...]