SodaStream’s sales fizz after brand overhaul August 2, 2016 Sodastream – an Israeli company which makes home carbonating devices – is sparkling after working to reposition its brand. The company has shifted away from sugary drinks and into sparkling water as consumers turn towards healthier food and drinks. Sodastream’s net income bubbled up to $7.8m, or 37 cents a share, from $3.5m in the second [...]
Hyatt Hotels’ income hits suite spot as revenue per available room up August 2, 2016 Hyatt Hotels has beaten expectations with second-quarter net income of $67m (£50m). It reported earnings of 64 cents per share, surpassing analysts’ expectations of 47 cents per share. The US-based hotel operator posted revenue of $1.17bn in the period, meeting Wall Street forecasts. Its revenue per available room (RevPAR), a key performance metric for the [...]
CVS Health falls short and pares back forecasts August 2, 2016 CVS Health – a US pharmacy chain and healthcare business – has missed expectations and been forced to lower its full-year guidance. CVS reported a profit of $924m (£636m), or 86 cents a share for its second quarter, down from $1.27bn in the year before. Revenue rose 18 per cent to $43.7bn, below analysts’ expectations of [...]
Drop in pound and higher fuel prices weigh on Royal Caribbean August 2, 2016 Rising fuel prices and negative currency effects – notably from the fall in the pound – have forced Royal Caribbean Cruises to cut its full-year outlook. Despite the warning Royal Caribbean reported a profit of $229.9m (£172.6m), or $1.06 a share, up from $185m a year earlier. Revenue climbed 2.3 per cent, hitting $2.11bn compared [...]
P&G’s earnings Head & Shoulders above Wall Street’s expectations August 2, 2016 Consumer goods giant Procter & Gamble has racked up earnings of $1.95bn, or 69 cents a share, up from $521m in the same period a year ago. Though revenue fell 2.8 per cent to $16.1bn it still managed to handily beat Wall Street’s average estimates of $15.83bn. Sales growth in grooming and health care offset [...]
Brexit doom-mongers are wrong: London house prices aren’t going to crash August 2, 2016 On the morning of 24 June, as Britain woke up to the reality that as a nation we’d voted to leave the EU, it may have seemed like the world was turning on its head. The pound was crashing, stock markets see-sawed, and the political landscape of the UK was irrevocably changed. Just over a month [...]
Move over iPhone fingerprint tech, the latest Samsung scans eyes August 2, 2016 It's time for Apple's iPhone fingerprint technology to move over – at least that's what Samsung is hoping. The rival Korean smartphone maker has unveiled its latest device – the Galaxy Note 7 – which has trumped its rival's use of biometrics with eye-scanning technology. Read more: Passwords are passe: Nationwide is testing behavioural biometrics The Note [...]
Bremainer and Brexiteer team up to bolster British businesses August 2, 2016 Proving there are always two sides to every story, even when it comes to businesses and Brexit, a Leave and a Remain campaigner have today announced they are joining forces to help worried firms. Andrew MacLeod, Remain campaigner, former global executive for Rio Tinto and visiting professor in public policy at Kings College London, has teamed up with Donal Blaney, [...]
Ex-Dior designer Raf Simons crowned chief creative officer of Calvin Klein August 2, 2016 Ex-Dior designer Raf Simons has been appointed as chief creative officer of US fashion house Calvin Klein. Simons left Christian Dior last October after three years heading up the iconic French brand. Read more: Burberry has just moved further into the Chinese market In a statement on Facebook, Calvin Klein said: "Mr Simons will lead the [...]
Meet the most influential British innovator in the world August 2, 2016 Demis Hassabis, the man who founded the multi-million pound artificial intelligence company acquired by Google, has been named the most influential British innovator in the world. DeepMind hit headlines in 2014 when it was bought by Google for £400m and this year did it again when its machine learning technology beat the world-leading player of the [...]