Technology

Tech picks

Apple, the world's biggest technology company, reported full year results showing net profits for the year to 25 September were $25.9bn (£16.5bn), up 85% on the previous year.

Internet giant Google has revealed profits surged 26% in the third quarter, with net income jumping from $2.17bn to $2.73bn year on year.

The tragic loss of Apple's visionary co-founder Steve Jobs last night prompted a drop in the group's share price as US markets opened, followed by a swift move back into positive territory.

Schroders' Richard Buxton has revealed he was congratulated by Artemis' Tim Steer for holding tech firm Autonomy as it received a bid approach - a time when Steer was shorting the stock.

Fund managers have backed technology poster child Apple to continue to shine despite the departure of charismatic CEO Steve Jobs.

Apple's Steve Jobs has resigned as chief executive of the technology giant, announcing he could no longer continue in the position following his battle with cancer.

Social networking group LinkedIn has reported a 120% increase in revenues for Q2, beating analysts' expectations who expected the group to report a net loss.

Tom Walker, the manager of the Martin Currie £677m North American fund, said investors concerned about the US debt crisis should look to technology as one of the least exposed sectors to political risk.

The delay in the US government's efforts to raise its debt ceiling now means it holds less cash on its balance sheet than tech giant Apple.