THE BIG APPLE

  After releasing better than expected top and bottom line results, Apple became the first US company to breach the $1trn market cap barrier on 2 August. The technology heavyweight saw its share price climb 9% on the week, driven by strong sales in its iPhone X...

IT’S UNANIMOUS: BoE HIKES UK INTEREST RATES

  As predicted, the Bank of England (BoE) raised rates by 25bps to 0.75% last Thursday in a unanimous decision from the Monetary Policy Committee (MPC), as UK growth rebounded and construction output and retail sales rose. Although the BoE was generally positive...

TECH GIANTS TUMBLE

  Disappointing earnings wiped $119.4bn off the value of Facebook, with the resulting wobble in tech causing problems for Chinese internet giant Tencent, which has lost $143bn since its January peak. Facebook’s shares slumped 19%, to post the largest...

BP PROFITS BARREL ALONG

After last week’s $10.6bn acquisition of prime Texas oilfields from BHP Billiton, BP reported a 150% jump in half-year profits on Tuesday. Thanks to oil prices cresting $80 a barrel, the company generated profits of $5.4bn in the first half and hiked its...

ITALY RACES AHEAD OF G7 RIVALS

The top performing G7 stock market so far this year is … Italy. The FTSE Milano Italia Borsa index is up 19.5% year- to-date, beating the French CAC 40’s 13.2% and the German DAX’s 12.9% in euro terms. The eurozone currency has been relatively strong, so Italian...