Vodafone slashes dividend after racking up hefty losses from 5G investment May 14, 2019 Vodafone has slashed its dividend by 40 per cent after posting heavy losses for the full year. Read more: Vodafone's Australian TPG merger blocked The figures Group revenues fell 6.2 per cent to €43.7bn in the year to the end of March. Vodafone swung to a loss of €7.6bn, compared to a profit of €2.8bn [...]
Premier Foods swings to a £43m loss as it launches plant-based food range May 14, 2019 Mr Kipling maker Premier Foods is planning to tap into the success of rivals' vegan products with its own range set to launch this year, as it hopes to turn around falling profits. The figures The Hertfordshire-based company said that a £20.9m profit before tax was wiped out in the year ending in March, showing [...]
Bluewater owner Land Securities sees losses almost triple amid retail closures May 14, 2019 Land Securities, the owner of Kent’s Bluewater shopping centre, saw losses almost triple in its latest financial year as it blamed a “challenging year” full of retail closures, but still managed to bump up its dividend. Read more: JP Morgan downgrades shopping centre landlord Intu The figures The retail property giant saw losses before tax [...]
Big tech must take the lead against hate May 14, 2019 Tech companies face stiff criticism for their inability to prevent extremism from spreading via their platforms. This became particularly evident after a gunman killed 50 people at two mosques in the New Zealand city of Christchurch back in March, with a live-stream of the attack shared widely on social media. As a result, a meeting of [...]
Honda leads £8.6m fundraising round in smart battery software firm Moixa May 14, 2019 Car maker Honda has led a completed £8.6m fundraising round for smart battery software company Moixa. The firm makes software managing energy storage systems, which can help make home energy systems and electric vehicle batteries more efficient, and recently partnered up with Honda at the Geneva Motor Show in March. The two plan to work [...]
Puffed up: Greggs upgrades outlook as sales rise on vegan sausage roll success May 14, 2019 Greggs’ results have puffed up so far this year, it said today, upgrading its outlook for the year. The high street baker said it expects “materially higher sales” in 2019 than previous estimates as the launch of a vegan sausage roll lit a fire under the business. Read more: Subway launches vegan sub after Greggs' [...]
Whatsapp hack: Tech giant urges 1.5bn users to update app after spyware discovery May 14, 2019 A huge flaw in Whatsapp enabled hackers to spy on some of its 1.5bn users’ devices, the tech giant has confirmed. Read more: Facebook taps London talent for its global Whatsapp payments drive The Facebook-owned company yesterday urged its 1.5bn users to update their apps to download a patch it released last Friday for the [...]
Could Capita’s move to put workers to boards fix capitalism’s crisis? May 14, 2019 Capitalism is being questioned in Britain more intensely than for decades. Some want to destroy it. Others believe that it is the only economic system which works, but want to reform it. I am in the latter camp. Part of the debate around Brexit has centred on preserving workers’ rights, enshrined in EU law. But rights [...]
DEBATE: Is it possible for Donald Trump to ‘win’ the trade war with China? May 14, 2019 Is it possible for Donald Trump to ‘win’ the trade war with China? Dr John Hemmings, director of the Asia Studies Centre at the Henry Jackson Society, says YES. While many people blame Donald Trump’s “America First” policy for the trade war, it’s likely that Hillary Clinton would have done the same, since Beijing’s leadership has [...]
Churchill knew that design was crucial to Britain’s global future – and so should we May 14, 2019 In 1944, when the UK was facing extremely uncertain times, Winston Churchill’s government founded the Council of Industrial Design. The plan was to invest heavily in design to ensure that we were making the best quality products that would allow us to win major industrial contracts in post-war Europe. It worked. Even after an election [...]