DEBATE: Should we be worried about a tech bubble? September 2, 2020 Should we be worried about a tech bubble, particularly in emerging markets? Tatjana Puhan, managing director and deputy chief investment officer at TOBAM, says YES. Over recent years, we see a clear trend of investors becoming exposed to higher concentration risk in specific sectors like technology. Having represented already a considerable risk exposure in major [...]
Science and tech has proved a damp squib in the fight against Covid-19 September 2, 2020 Few of us alive today have lived through a year so tumultuous, historic, and (yes, that word again) unprecedented as 2020. We are seeing the biggest health pandemic since 1918’s Spanish Flu; the biggest threat to the world economy since 1929’s Great Crash; and the biggest civil unrest in the US since 1967 — all [...]
Apple overtakes value of entire FTSE 100 September 1, 2020 US tech titan Apple today overtook the entire market capitalisation of the UK’s FTSE 100 companies. The iPhone maker’s market capitalisation topped $2.2 trillion (£1.6 trillion) today, overhauling the combined value of the UK’s blue chip index. Apple’s share price has leaped 75 per cent this year and last month the company became the first [...]
Moneyfarm records another year of losses and warns of more to come September 1, 2020 Digital wealth manager Moneyfarm reported another year of losses and warned the company could remain in the red for at least another year as it prioritises investment. The figures Moneyfarm reported a steady growth in revenue, up from £1.61m in 2018 to £2.72m in 2019. However the company posted losses of £13m and incurred a [...]
Zoom revenue surges on continued pandemic video-conferencing demand September 1, 2020 Video-conferencing provider Zoom last night blasted through analyst revenue and earnings expectations for the second quarter as the coronavirus pandemic continued to drive demand for its services. Shares of Zoom, which have surged almost four-fold this year, leaped 38 per cent in pre-market trading, having hit a record closing high of $325.10 yesterday. Video-conferencing platforms, [...]
Exclusive: Google to pass on digital tax cost to advertisers September 1, 2020 Google will increase the price of advertising on its platforms in the UK due to the Digital Services Tax, City PM can reveal. In an email sent to advertisers today, seen by City PM, the tech giant laid out plans for a two per cent ‘UK DST Fee’ which will be added to invoices from [...]
Technology can help bridge the divide between tenants and landlords September 1, 2020 Covid-19’s impact on the world has been seismic. Closer to home, the UK is facing its worst recession in decades if not centuries, and recently the government’s debt exceeded the size of the economy for the first time in more than half a century. But the crisis could have been so much worse without technology. [...]
Could AI help Rishi Sunak revive the UK economy? August 29, 2020 This was once meant to be the year the government balanced the books, a literal pay off for years of tight purse strings under George Osborne’s austerity programme. Instead, 2020 has seen government debt balloon to over £2 trillion. The coronavirus pandemic has meant UK spending has rocketed far beyond any previous peacetime records, leaving [...]
Frontier Developments shares jump as it unveils new video game launches August 28, 2020 Shares in Frontier Developments jumped this morning after the video game publisher said a string of new titles will help boost full-year revenue. The Aim-listed firm reported a “strong close” to the financial year, adding that sales across its portfolio of games had hit targets so far in the 2021 fiscal year. The Cambridge-based gaming [...]
Why digital infrastructure could emerge stronger from Covid-19 August 28, 2020 | City Talk The Covid-19 pandemic has accelerated the need to modernise digital infrastructure networks. We expect that this will create new investment opportunities. Surging online activity Whether we like it or not, the Covid-19 pandemic has cemented our addiction to fast and reliable internet access. While speaking to colleagues remotely, food shopping online or monitoring our ‘smart [...]
