“Apple is first public company worth $1 trillion”

Aug 9, 2018 | Companies

Of course, the fact that Apple is the largest company of all time has a lot to do with the value of money. The biggest grossing film of all time Avatar (yes, I know), took £2.8bn at the box office; but ‘Gone with the Wind’s £344m, adjusted for inflation, knocks it into a cocked hat. It’s extraordinary, however, that Apple is worth more than the GDP of 92% of the countries in the world (and might do a better job of running some of them). Will it still be around in 30 years? Quite likely. Chances are you or your kids will be driving an Apple rather than a Merc by then.

“Amazon invades financial services with home insurance launch”

Oct 25, 2022 | Companies

Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.

“Natwest and trio of private equity firms vie for Quilter”

Aug 2, 2022 | Companies

In the 80s and 90s, banks and building societies bought life insurance, pension companies and fund managers, took on lots of financial advisers and sold financial products by the bucket-load, by means both fair and foul, to their customers.

“Nutmeg losses climb 28% after JPMorgan takeover”

Jun 30, 2022 | Companies

If you’re offering cheap, online investment advice, you need volume to make it profitable. To get volume (ie lots of money), you need marketing (to get lots of people to log in and give you money). And that costs, particularly, as will inevitably be the case, most of...