Apple’s iPhone sales and revenue fall again – but Wall Street’s loving it July 28, 2016 Apple shares have jumped more than seven per cent, breaking through the $100 mark, after reporting earnings and iPhone sales slightly ahead of Wall Street expectations on Tuesday evening. The figures Apple revenue hit $42.4bn in the third quarter, down from $49.6bn in the same period last year and from $50.6bn in the previous quarter. That came in [...]
Just Eat soars to record high delivering upgraded outlook July 28, 2016 Shares in takeaway firm Just Eat have soared to a record high after upping its outlook for the year. The figures Revenue for the first half the year to June was up 59 per cent to £171.6m as like-for-like orders surged 40 per cent. Underliying earnings before interest, taxes, depreciation and amortisation more than doubled to £53.4m [...]
Telefonica reports revenue falls in quarter of O2-Three merger collapse July 28, 2016 Telefonica has reported a near-eight per cent fall in revenue in the quarter its O2 sale fell through. The figures Telefonica UK’s revenue for the quarter was €1.7bn (£1.4bn), down 12.3 per cent. The UK market was the second biggest faller in terms of revenue, behind Latin America, where it fell 14.6 per cent to [...]
Pensions giant L&G invests more than £3m in London auto enrolment fintech firm Smart Pension July 28, 2016 Is auto enrolment London's next technology cash cow? L&G seems to think so: it's invested more than £3m in London pensions firm Smart Pension – which is barely a year old. Although it hasn't disclosed exactly how much it spent, City A.M. understands the figure was higher than Smart Pension's last funding round, earlier this year, in which it [...]
BT just had a really great quarter July 28, 2016 BT surged ahead despite concerns over its Openreach business, sending shares three per cent higher in early trading. The figures Revenues at the telecoms firm jumped 35 per cent in the first quarter to £5.7bn while pre-tax profit increased by 13 per cent on the same period last year to £717m. The recently acquired EE landed [...]
Higher bidder emerges for Raspberry Pi maker Premier Farnell July 28, 2016 Premier Farnell has ditched Datwyler after a higher bidder emerged for the British electronics firm behind the Raspberry Pi mini computer, sending shares soaring. US tech firm Avnet has made a takeover offer of 185 pence per share in an all-cash offer, giving Premier Farnell an enterprise value of £868m. The offer is higher than a bid in June by Swiss [...]
Sky grows revenue and profit as it eyes up European expansion July 28, 2016 Sky shares shot up in early trading this morning after the company revealed it grew revenue and profit on an adjusted basis in the year to 30 June. The figures The broadcaster reported a seven per cent increase in adjusted revenue, up to £11.97bn from £11.28bn the year before. Operating profit went up 12 per cent [...]
TalkTalk boss calls for firms to be made to report all cyber attacks July 27, 2016 TalkTalk chief executive Dido Harding has called for firms to be made to report all data breaches following last year’s devastating cyber attack on the company. Companies do not currently have to immediately report details of cyber attacks, meaning many customers may be unknowingly at risk. Last October TalkTalk revealed a cyber attack on the firm [...]
Microsoft’s made an iPhone app which uses AI to improve your photos July 27, 2016 Microsoft is putting its artificial intelligence technology to good uses again – this time, helping you take better pictures. After that ill-fated chatbot experiment, and more fun japes such as HowOldRobot and CaptionBot, Microsoft has put the tech to better use with a picture app for iPhone. Great news for anyone who strugggles to capture the perfect snap. Read more: [...]
This smart suitcase locks itself as soon as it leaves your side and hates being left alone July 27, 2016 Your current suitcase? It’s an idiot. A big dumb box of shirts on wheels, the likes of which now teeter on the precipice of redundancy thanks to one of the latest technology trends. Smart luggage is a growing business, and 2016 has seen the launch of a slew of intelligent suitcases packed to the zippers [...]