Tech recovers, Microsoft shines, we benefit – The Editor’s Desk

DUBLIN — After a devastating October, the global tech sector has posted a significant recovery in recent weeks. Many of the shares included in the Biznews Global Share Portfolio, like Apple and Amazon, clawed back a good portion of their share price decline. But one share in particular, Microsoft, outshone the rest and managed to overtake its long-time competitor Apple in market cap terms. In this episode, Alec Hogg and I discuss the tech turnaround and look at how company's like Amazon, Apple, and South Africa's Discovery are combing tech and healthcare in exciting new ways. We also discuss the sad story of SA-listed Intu Properties – Intu is the unlucky victim of the political uncertainty created by the disorderly Brexit process. We wrap up with a look at the latest news about Theresa May's Brexit deal. – Felicity Duncan

Hello and welcome to this week's episode of The Editor's Desk. This is BizNews Radio and I'm Felicity Duncan.  Alec. welcome to the show. It's been a very interesting week, especially from the perspective of our Global Shares Portfolio. Now, you know over the last couple of years it's done very well for us. There are some really brilliant companies in there. Apple is in there. Amazon is in there. They've run really hard. Then of course, in October we had a very serious sell-off and that was really very concentrated among what some people call the FANG Stock (Facebook, Alphabet (the parent app of Google) Apple, Netflix, which of course we don't we don't own. Those ducks all got really trounced in October and then they sort of slightly recovered but what's been really interesting is that the rest of the tech sector has recovered even more strongly than those sort of big brand names.

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