Tag Archives: despite

Apple’s Smartphone Shipments Grow Despite Samsung Galaxy S8, iPhone 8 Hype: Canalys

A new report about global smartphone shipments in Q2 2017 claims Samsung’s growth rate was relatively flat, however Apple saw a 2 percent increase in shipments year-on-year. This growth in the quarter that saw the launch of the Samsung Galaxy S8 bucked the trend ahead of the hotly anticipated launch of the iPhone 8. According to the report by market research firm… Read More »

Kraft Heinz to pursue merger despite Unilever rejection

U.S. food company Kraft Heinz Co has proposed a merger with $125 billion (£100 billion) Unilever in what would be one of the biggest deals ever, but the Anglo-Dutch consumer goods company has declined, Kraft said on Friday. A deal with Unilever, which had a market value of $125 billion before its shares spiked, would add Hellmann’s mayonnaise,… Read More »

New £5 note: Bank to keep note despite animal fat content

The new £5 note will not be withdrawn, despite concerns that it contains traces of animal fat, the Bank of England says. The Bank said it had concluded it would be “appropriate” to keep the £5 polymer note in circulation. It will also issue the £10 polymer note as planned in September, it added. Vegans and some religious… Read More »

Snapchat owner worth up to $25bn despite making losses

Snap, owner of the Snapchat messaging app popular with teenagers, is to sell its shares on the US stock market. The California-based tech firm, which allows users to send images and messages that vanish within seconds, is set to be one of the major US share listings of recent years. The flotation is expected to value the business… Read More »

Google’s Pixel Phones Shine Despite Misgauging Demand

The Pixel phone, Google’s answer to Apple’s iPhone and Samsung’s Galaxy, is off to a promising start – but might have done even better had Google managed consumer demand as smartly as the device’s sleek design. Although Google hasn’t released sales figures, industry researchers say the Pixel has been a hot item since its October debut was greeted… Read More »

Despite Saudi signals, OPEC unlikely to deliver all promised oil cuts

OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organisation of the Petroleum Exporting Countries is planning to cut its output by 1.2… Read More »

Asos bets big on London despite Brexit

Another win for the Brexit brigade? The decision by online retailer Asos to hire 1,500 staff over three years, as part of plans to expand its London head office, will no doubt be portrayed that way by Theresa May’s Government. Following similar announcements by Facebook and Google, both of which plan to increase their UK workforces despite the… Read More »

Ford to push ahead with Mexico move despite Trump threat

US carmaker Ford is pushing ahead with plans to move some production to Mexico despite a threat by President-elect Donald Trump to impose hefty tariffs. Ford chief executive Mark Fields said it was “going forward” with its plan to shift production of small cars from its Michigan plant. However, he repeated assurances that no jobs would be lost… Read More »

Wall Street steady despite rate rise fears

US stocks stemmed their losses amid jitters on global markets that the Federal Reserve could raise US interest rates as soon as next week. In early trading in New York, the S&P was flat at 2,128.52 and the Nasdaq was also little changed at 5,124.23. The Dow Jones dipped 0.2% to 18,055.25. The three indexes fell by about… Read More »