Shares had already been battered on 24 April, the day before results, when McEwan announced he would leave the job within a year, once a successor is found.
Apple has sparked speculations around the reinvention of its flagship product – the iPhone – after it filed a patent for a foldable device, amid competitors revealing their own 5G-ready, foldable smartphones.
BP’s fourth-quarter results were testament to newfound momentum for a company that in the first half of the decade was almost fatally crippled by an environmental disaster first, and a slump in commodities prices shortly thereafter.
Amazon is Wall Street’s tech growth story par excellence. Investors are so used to double-digits year-on-year growth rates that any revision, no matter how conservative, for the following quarter can trigger a sell-off in the stock.
Rolling out a 5G network will be the UK’s largest infrastructure project alongside HS2. With squeezed mobile network operators holding back on capex and future revenue streams still unclear, can infra funds use small cells and the fibre backbone to find a position?
London’s car-sharing growth accelerated on Friday as BMW’s car club DriveNow expanded to cover most of the inner city, ahead of the mobility tie-up with Daimler.
eBay has agreed to acquire Cox Automotive’s Motors.co.uk, as the American company grows its presence in Britain’s used car market after earlier taking over Gumtree.
The UK’s Financial Conduct Authority has said it will push forward with granting SMEs access to its dispute resolution arm, the Financial Ombudsman Service.
ING’s venture capital arm has injected £5m in equity into online finance broker Funding Options, giving the Dutch banking group a minority stake in the London-based fintech.