Fitbit sees revenue soar 168pc for its third quarter of 2015, but share prices plummet November 2, 2015 Fitbit has announced revenue of $409.3m for its third quarter of 2015, an increase of 168 per cent from $152.9m compared to the same period in 2014. “Fitbit’s third quarter results demonstrated the continued rapid growth of the Fitbit platform and our team’s ability to execute on the tremendous opportunity we see globally, as we [...]
SMEs take a hit on foreign exchange charges November 2, 2015 International payments could be taking their toll on small and medium sized businesses (SMEs) in the UK to the tune of £110m each year. Figures from foreign exchange company Moneycorp show SMEs are not efficiently managing currency risk, which is weighing on exports. Andy Reid, managing director of global payments at Moneycorp, said: “Currencies around [...]
Volkswagen emissions scandal hits sales in France November 2, 2015 The fallout from the Volkswagen emissions scandal is beginning to show up on sales reports. The German car maker recorded a drop in sales of VW branded cars of three per cent in France for October, figures out yesterday from the Committee of French Automobile Manufacturers (CCFA) showed. Sales of Volkswagen cars have been coming [...]
HSBC’s ringfence relief but HQ could still move November 2, 2015 Concerns that HSBC could lose control of its UK retail arm under ring-fencing rules have been “satisfactorily” dealt with according to the bank’s chief executive. New regulations to take effect in 2019 requiring banks to “ring-fence” their high street operations had caused the bank to worry it would have no say over the capital, dividends, [...]
Google Project Wing: Dave Vos says drones postal service will be delivering to your doorstep by 2017 November 2, 2015 Parcels from the postie might be a thing of the past, as a Google executive announced today that the company is aiming to start delivering packages by drone by 2017. Responding to an audience question at a conference for air traffic controllers, Dave Vos, project lead on Project Wing at Google, said he hoped the [...]
Property firm tapping into regional revival eyes £300m stock market listing November 2, 2015 A newly-formed real estate investment trust (Reit) hoping to cash in on the property market revival in the regions is poised to launch on London’s stock market with a value of around £274m. Regional Reit, a joint venture partnership between London & Scottish and hedge fund Toscafund, will tomorrow apply for a main market listing [...]
Royal Bank of Canada picks Brookfield’s 100 Bishopsgate for its new UK headquarters November 2, 2015 Royal Bank of Canada (RBC) has signed a pre-let deal with Brookfield Property Partners to move its UK headquarters to the developer’s 100 Bishopsgate tower. The bank, which has been on the hunt for a new head office for a year, will take the first seven floors of the 37-storey tower in the City, equal to [...]
More Volkswagen cars caught in emissions scandal as US warns Porsche and Audi designs are implicated November 2, 2015 The United States Environmental Protection Agency (EPA) issued a second notice of violation of the Clean Air Act to Volkswagen (VW) today, stating that more brands of VW cars were thought to have emissions test defeating devices installed. Cars included in the notice are the diesel versions of the 2015 Porsche Cayenne, and the 2016 [...]
Samsonite luggage-maker unpacks strong third quarter sales November 2, 2015 The world's biggest luggage-maker Samsonite International has posted a jump in third quarter sales thanks to strong demand for its suitcases in all of its regions, despite the strength of the US dollar hitting sales on a reported currency basis. The Hong Kong-listed company said net sales increased by 9.3 per cent to US$623.7m (£403.2m) [...]
Hewlett-Packard’s share price rallies as the company splits in two November 2, 2015 Shares in the two newly spun-out arms of the company formerly known as Hewlett-Packard rose today, after the embattled printer manufacturer split into two. Shares in HP Inc, which includes the company's personal computer and printer businesses, were up 12.5 per cent at $13.78 in lunchtime trading in New York. Meanwhile Hewlett Packard Enterprise – dubbed "the $53bn [...]