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 [...]
Caterpillar’s profits crawl as demand slows July 26, 2016 US heavy machine maker Caterpillar has been forced to downgrade its outlook for the rest of the year due to the problems facing mining and construction industries. Its lower guidance for the full year came alongside steep declines in second-quarter profit and revenue. Caterpillar now expects to earn $3.55 a share this year, excluding restructuring [...]
United Tech beats estimates and raises low-end full-year forecast July 26, 2016 United Technologies Corp (UTC) handily beat analysts expectations in its most recent quarter. UTC – the US maker of everything from Pratt & Whitney aircraft engines to lifts – also cheered investors by raising the low end of its full-year forecast by $1bn. Its revenue forecast for the full year is now between $57bn (£43.3) and [...]
Spending growth through shopping vouchers – should central bankers be trying new things? July 26, 2016 Over the last few months the term helicopter money – once only used to mock former Fed chair Helicopter Ben – has become common place. For that we can thank the Bank of Japan and its increasingly desperate attempts to kick start growth, culminating this Friday with its latest policy meeting. Many economists are expecting the Bank of Japan [...]
New York airline JetBlue could be about to add European routes after placing “gigantic” $3.6bn Airbus order July 26, 2016 JetBlue Airways – a New York based airline – could be about to put on new routes to Europe after placing a "gigantic" $3.6bn (£2.7bn) order for 30 Airbus jets. The move would mark a huge change in strategy for the domestic focused US discount carrier. Some of the 30 new single-aisle A321 planes would be used for the carrier’s premium [...]
Orange SA misses expectations but gets profit boost from EE sale July 26, 2016 Orange SA – France's largest telecoms company – has posted a sharp rise in its first-half profits due to the sale of its UK network EE to BT. Net profit climbed to €3.17bn (£2.65bn) in the first half, pushed higher from the £12.5bn EE sale. Revenue also climbed thanks to strong sales growth in Spain. It rose by 2.7 per cent to €20.8bn. [...]
Sales of McDonald’s all-day breakfast menu could be on the slide as US same-store sales slip July 26, 2016 Shares in global fast food giant McDonald's have slipped by more than three per cent in the pre-market today as investors fear the all-day breakfast boost may coming to an end. McDonald's posted earnings of $1.25 per share on sales down by four per cent to $6.26bn (£4.7bn), falling short of a Thomson Reuters analyst poll that expected earnings of [...]
Before the bell: What you need to know before the US market open July 26, 2016 Markets are braced for a raft of tech stock earnings today and later this week and the Japanese yen is surging. Here's what you need to know before the US market open at 2:30pm London time. The pre-market is painting a mixed picture with the S&P down by 0.03 per cent, the Nasdaq is up by 0.16 per [...]
Ally Pally theatre set for a 2018 curtain raising after £26m refurb July 25, 2016 Plans to refurbish the Alexandra Palace theatre 80 years after it closed have been unveiled. The multi-million-pound project is aiming to reopen the 1875 theatre for modern audiences in 2018. The Heritage Lottery Fund has pledged £18.8m to the project with £6.8m coming from Haringey council. The Alexandra Park and Palace Charitable Trust, which runs the [...]
Sprint shares accelerate after customer boost July 25, 2016 Losses at Sprint, the fourth largest US mobile network, have widened over the last quarter despite adding more customers than it has for nine years. Sprint, 80 per cent owned by Japan’s SoftBank, reported a net loss of $302m (£229m), or eight cents per share, in the first quarter ended 30 June, from $20m the year [...]
