Twitter’s still having trouble getting advertisers to spend money July 27, 2016 Twitter shares have plummeted more than 12 per cent after revenue missed expectations, as did guidance for the next quarter, as it said there was "less overall advertiser demand than expected". The figures Revenue at the struggling social network came in at $602m for the second quarter, up 20 per cent on the $502m in the same quarter last year [...]
Now Amazon is bringing one-hour Prime delivery to Scotland July 27, 2016 Amazon's mission to deliver its goods to impatient customers faster than anyone else took another step forward as it extended its Prime one and two-hour deliveries to Scotland for the first time. Residents of Glasgow rejoice, particularly those in the areas of Parkhead, Shawlands and Paisley, where anyone ordering can get thousands of items to their [...]
This is the huge amount of money Apple is spending on R&D right now July 27, 2016 Did someone say iCar? The tech giant might remain coy about exactly what its plans are, but the numbers are clear – Apple is splashing some serious cash on developing new technology despite experiencing its second consecutive decline in revenues. Spending on research and development has rocketed, more than doubling in the last four years and Apple has spent a record amount on innovation [...]
Pest controller unveils technology to track rodents roaming around buildings July 27, 2016 Rentokil hailed a “new era in pest control services” as it launched a tie-up with Google that will enable customers to track rodents online. The pest control firm already has 20,000 digital traps across 12 countries. The new technology, developed with PA Consulting, now means that the traps can be connected to an online portal [...]
Big investors are increasingly interested in offshore wind farms July 27, 2016 Infrastructure and pensions funds have been ramping up their bets on the European offshore wind farm industry. They snapped up 25.1 per cent of European offshore wind capacity in the first six months of this year, according to data released by industry group WindEurope today, up from 13.5 per cent last year. This included investments the likes of [...]
Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
Arm Holdings boosts profit and revenue in second quarter as it gears up for takeover by Japan’s Softbank July 27, 2016 Microchip maker Arm Holdings has bumped up its interim dividend after reporting increased revenue and profit in the second quarter of 2016. The figures Revenue in dollars was up nine per cent to $387.6m (£295m), from $357.1m in the second quarter of 2015. Revenue in sterling rose 17 per cent year-on-year, to hit £267.6m. The [...]
Italian challenger bank FinecoBank set to enter UK market July 27, 2016 An Italian bank is set to enter the UK this autumn as another contender in the challenger banks’ battle against the Big Four. FinecoBank launched in 1999 as a subsidiary of UniCredit Group and has grown rapidly to have 1.1m Italian customers. It’s disrupting the banking industry by being the only company in Europe to combine [...]
Apple’s latest earnings explained in seven simple charts July 27, 2016 Fewer people are buying iPhones They still drive the bulk of Apple's revenue, but last year's huge, record iPhone sales (creating an almost freakish quarter or two), are a lot to follow. Despite the decline on last year and the previous quarter, Apple minimised that decline, beating expectation on what's traditionally one of its slowest quarters – and that's a [...]
Four things Jack Dorsey’s done to try and turnaround Twitter… so far July 26, 2016 Nine months after re-joining the flock, Twitter co-founder Jack Dorsey is under mounting pressure to revive its fortunes. While Wall Street awaits the latest numbers, here’s a reminder of what Dorsey’s been up to… 1. Wielded the axe Dorsey wasn’t afraid to wield the axe when it came to staff numbers, cutting up to eight [...]