Corporate PC demand boosts Intel
Intel has raised its profit guidance for the second quarter on the back of strong demand for business PCs, pushing shares up by more than five per cent in after-hours trading. Demand for the PCs – the market Intel’s chips dominate – is stabilising as companies begin to spend more on new computers, even as consumers continue to move towards tablets and smartphones.
Facebook to tailor online adverts
Facebook is deepening its ability to target adverts at its almost 1.3bn users by deploying tracking data that shows the sites they visit across the internet. The social network will now be able to use people’s search histories or the time they spend browsing ecommerce sites to better inform which adverts it shows them. Facebook will compile data from the vast array of marketers that advertise on the network to build an even more detailed profile of each user.
Miliband warned on alienating City
Labour leader Ed Miliband has been warned by two former Labour ministers that he is alienating business leaders by speaking a language they do not understand, failing to listen and giving the impression he wants to harm big British companies. Lord Myners and Lord Mandelson fear Mr Miliband’s attack on “predatory” capitalism is damaging business relations and the party’s prospects at the next election.
ITV’s advert performance delights
The prospect of more advertising money for ITV prompted investors to tune in to the broadcaster with the rights to show World Cup games. Liberum analyst Ian Whittaker noted feedback from media buyers suggesting ITV1, which pulls in more than three quarters of all the group’s ad revenues, is benefiting from spending 24 per cent higher than a year ago so far this month.
Farage faces jail threat over donations
Nigel Farage broke electoral law in failing to declare donations worth £200,000 during a period of 14 years, the independent politics watchdog said yesterday.
The Daily Telegraph
Comet staff in million pound payout
Thousands of former employees at the collapsed electrical retailer Comet have won a multi-million pound payout after an employment tribunal ruled they had not been properly consulted about their redundancies. The collapse of Comet was “one of the more regrettable episodes of British corporate history” and “simply an old fashioned corporate raid”, the employees lawyers said.
Payouts at Land Securities decline
Pay for the bosses of Land Securities has fallen as the company responds to shareholder concerns swing into action despite the affect the booming property market is having on the group’s results.
THE WALL STREET JOURNAL
EU states back rules for biotech rules
European Union governments approved an overhaul of the bloc’s system for regulating biotech crops, giving more power to national capitals and allowing governments that want to restrict them for nonscientific reasons to do so. All the EU governments supported the decision at the environment minister’s meeting yesterday.
Infosys picks Vishal Sikka as chief
Infosys appointed its first outsider to head the company yesterday, hoping new blood will help in its struggle to stay competitive, as it tries to evolve into a global technology brand.