Taking Stock on Friday 2nd February 2024
Who will Win this year? Bulls or Bears?
John's Ultrascreen!
Companies mentioned on, "Taking Stock" today:
05:20 BT Group #BT.A
07:10 Diageo #DGE
09:00 & 19:45 YouGov #YOU
09:15 Hvivo #HVO
11:28 AJ Bell #AJB
12:30 Ingenta #ING
13:30 Intercede #IGP
14:25 Tristel #TSTL
14:45 Keystone Law #KEY
15:03 Gamm Communications #GAMA
17:40 Bioventix #BVXP
19:45 YouGov #YOU
27:10 Venture Life Group #VLG
28:20 Cambridge Cognition #COG
28:48 IQ-AI #IQAI
31:15 Tertre Rouge #TRA
35:50 Hemogenyx #HEMO
36:50 Revolution Beauty #REVB
37:38 Superdry #SDRY
TOP BUSINESS STORIES
AI will not be mass destroyer of jobs - Bank chief
Artificial Intelligence (AI) will not be a "mass destroyer of jobs" and human workers will learn to work with new technologies, the governor of the Bank of England has told the BBC.
Governor Andrew Bailey said while there are risks with AI, "there is great potential with it".
The Bank says businesses expect to see the benefits to productivity soon.
Almost a third told the Bank they'd made significant AI investments in the past year.
UK public's long-run inflation expectations rise to 9-month high: Citi/YouGov
The British public's expectations for inflation increased in January, potentially because of worries about disruption to shipping in the Red Sea, a survey published by U.S. bank Citi showed on Friday.
Public expectations for inflation in the next five to 10 years rose to 3.6% in January from 3.4% in December, their highest since April 2023, according to the survey, which is conducted by online polling company YouGov.
Apple iPhone sales slump in China as Huawei's foldable phones gain momentum
Apple shares slumped in after-hours trading - driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street.
The gloomy market reaction overshadowed an otherwise strong financial performance in Apple's first fiscal quarter.
In the three months to 30 December, the tech giant reported sales of $120bn (£94bn) and profit per share of $2.18 (£1.71) - comfortably beating targets set by analysts.
However, Apple's chief financial officer has warned that revenue in this current quarter will be at least £5bn (£3.9bn) less than the same period a year ago.
Sales of iPhones in China - a key market - are in sharp focus, as they were $3bn (£2.35bn) less than what analysts had anticipated.
The latest results will fuel concerns that Apple is losing ground here, with consumers switching to foldable smartphones and devices made by local rival Huawei.
In an interview with Reuters, Apple CEO Tim Cook admitted that China is the most competitive smartphone market in the world.