Yelp share price surges on revenue of $158.6m May 5, 2016 Yelp's share price jumped by 7.75 per cent in after hours trading after it announced revenue of $158.6m (£109.5m) for the first quarter of 2016 – beating analysts' expectations of $155.6m in sales. The online reviewing service posted a loss of $0.20 per share – equating to a net loss of $15.5m, widened from the [...]
Jack Dorsey’s Square posts $379m revenue for first quarter as losses narrow May 5, 2016 Payment processing firm Square, started by Twitter founder Jack Dorsey, has reported revenue of $379m (£262m), a 51 per cent increase year-on-year, beating analysts' expectations. Analysts had been expecting the company to report $344m in revenue. The mobile payment firm reported sales of $374.4m in the previous quarter. Transaction revenue was $300m, while Starbucks transaction revenue was the next [...]
Apple and SAP join forces to create new apps for business and professionals May 5, 2016 Tech giants Apple and SAP today announced a tie-up that will see the companies create apps for business customers using iPhones and iPads. Apple and SAP said they will combine “powerful native apps for iPhone and iPad with the cutting-edge capabilities of the SAP HANA platform”, which will be used by professionals ranging from company directors [...]
SeaWorld shares sink as profit forecasts swim in much lower than expectations May 5, 2016 Embattled SeaWorld yesterday forecast profit for the year that was below analysts’ estimates, sending shares towards the bottom of the ocean. Earnings before interest, tax, depreciation and amortisation (Ebitda) will reach $335m (£231m) to $365m in 2016 on an adjusted basis, the theme-park operator said in a statement. Analysts were projecting $378.9m, the average of 10 estimates compiled by Bloomberg. The Orlando, [...]
Former BHS owner Sir Philip Green slams politicians for ‘trial by media’ and ‘leaping to conclusions’ May 5, 2016 Sir Philip Green, the former owner of collapsed retailer BHS, has hit out at politicians for conducting a “trial by media” and “leaping to conclusions” about his 15 year ownership of the firm. The Arcadia chief has written to Frank Field MP and Iain Wright MP, chairmen of the House of Commons Work and Pensions [...]
Why the EU referendum should not be used as a scapegoat to explain falling M&A activity May 5, 2016 Barack Obama probably dealt with a wide array of important issues during his recent UK visit, but it’s doubtful anyone noticed. Only one subject dominated, and that was the US President’s views on Brexit. So loud is the discourse surrounding the EU referendum that, as was the case with President Obama’s visit, it threatens to [...]
Read all about it: More blows traded as USA Today publisher Gannett tries to take over its rival May 5, 2016 Numerous blows have been traded between two US newspaper publishers as one seeks to take over the other. USA Today publisher Gannett today reiterated its call for shareholders of Tribune to pressure its board into considering an $815m (£556m) offer. Gannett, which also owns UK regional newspaper publisher Newsquest, made the takeover bid for Tribune, publisher [...]
Knowing me knowing Kew: your guide to buying and living in this greenest of London areas May 5, 2016 For a capital city, London is pretty green – not environmentally, of course – but aesthetically, coming in at number three for green space globally. Kew, however, is pretty green even by London’s standards and its 75 acre botanical gardens are world-renowned. This, coupled with an underground and overground line and good schools, make it [...]
Michael O’Leary comes out all guns blazing ahead of Question Time tonight May 5, 2016 Break a leg, Michael O'Leary. The Ryanair boss is due to make his first appearance on BBC's Question Time tonight, but it looks like there's some topics already on the agenda after lary O'Leary said that cyclists should be "shot". O'Leary is known for his outrageous sound-bites, but really went to town at a conference on Wednesday night when [...]
Reviving the Mary Celeste of property: Wandsworth’s most astonishing home May 5, 2016 When city recruiter Susan Cuff first viewed her home in Wandsworth, it was a bit like a residential Mary Celeste. Abandoned 18 months previously, there was still washing in the machine and uneaten food lying around. But underneath the debris of bachelors gone by, she saw there was potential for it to be an incredible [...]