Breakfast Briefing

Apple to hit the $1 trillion mark?

May 9, 2017

Apple - shares in the company jumped higher again last night, giving the business a valuation of over $800 billion, with suggestions from some analysts that it could be the first to be worth more than $1 trillion. That would make it around four times larger than the biggest London-listed company, Royal Dutch Shell, although plans from Saudi Arabia to float part of its national oil company Aramco could smash all records, with the business tipped to be worth as much as $2 trillion.

William Hill - the bookmakers is reporting that customers are drifting away from its high street shops and instead are placing bets online. The so-called retail arm has been struggling to find growth since the start of the year, but it's not all bad news - online sales are up 16%, whilst Australian and US divisions are also growing well. Being able to lose expensive space on the high street could be a blessing for shareholders.

Daimler - backed company Chargepoint is looking to jump on the potential growth for electric car sales by rolling out a network of charging points. The absence of locations to recharge cars is seen as acting as a drag on the popularity of these eco-friendly vehicles, but with battery-powered vehicles still being constrained by limited range, is this actually the solution we need?

Debenhams - the struggling department store chain may have just been thrown another lifeline by Mike Ashley, the controversial retail boss. He has just upped his stake in the business to 17% and although his long term intentions aren’t clear, he has pledged to be a ‘supportive shareholder’.

UK - consumer spending may have jumped higher in April, but this is no cause for cheer. The late timing of Easter and evidence that all the spending is going on essentials like supermarket shopping and filling up at the petrol pump means it more rising prices than booming demand that we are seeing in play here.