Blackberry share price rises despite decreasing smartphone revenue June 23, 2015 Canadian smartphone maker Blackberry has announced its results for the first quarter for the three months to the end of May – and things do not look like turning around the struggling firm. It reported revenue for the quarter of $658m (£416m), and income before taxes of $73m. Blackberry's handsets used to be a staple [...]
Twitter rules out Jack Dorsey as permanent CEO kicking off formal search for new boss June 22, 2015 Twitter has announced that it is formally searching for its new chief executive to replace Dick Costolo, who is standing down at the beginning of next month. Co-founder Jack Dorsey has been named interim chief executive of the social media giant. However, in a statement, the firm said it has established a search committee in [...]
Altice and Bouygues share prices rise as takeover talk gets louder June 22, 2015 French telecoms firm Altice has confirmed that it has made an offer for smaller rival Bouygues Telecom, via its subsidiary Numericable-SFR. Shares in both Altice and Bouguyes were up on Monday morning after the statement this morning. Altice was up 19.5 per cent to €137.55, with Bouygues up 13.37 per cent to €38.09. Altice, founded by [...]
TaxPayers’ Alliance: Travel taxes hitting businesses and holiday makers June 22, 2015 Britain's businesses and holiday makers are being hit by a growing tax bill. New research from the campaign group the TaxPayers' Alliance (TPA) found that holiday makers are paying £900m more than when it conducted the survey in 2008. However, TPA chief executive Jonathan Isaby notes that the rising taxes also hit Britain's [...]
BBC boss Tony Hall says licence fee has 10 more years left June 21, 2015 BBC boss Lord Hall has fired his opening salvo in what is likely to be a tense debate over the future of the BBC. The BBC's director general said that he agreed with the argument put forward by the culture, media and sport select committee in the last parliament that the licence fee would be [...]
Growing taxes ramping up travel costs for businesses and holiday makers June 21, 2015 Britain's businesses and holiday makers are being hit by a growing tax bill. Research from the campaign group the TaxPayer's Alliance (TPA) says that holidaymakers are paying £900m more in taxes, than when it conducted the survey in 2008. Taxes on holiday items such as suncream, insurance and flights have forced up the cost of [...]
Theresa May is pushing for snooping powers but the independent reviewer is not so convinced June 11, 2015 Home Secretary Theresa May is continuing her push for further web surveillance powers to counter terrorism, but the independent watchdog has raised some serious questions about her plans in a new report. David Anderson QC, the author of the government-commissioned but independent report , says: There should be no question of progressing proposals for the [...]
FirstGroup share price rises after US progress helps offset UK rail losses June 10, 2015 Shares in bus and rail operator FirstGroup closed up 6.37 per cent yesterday, after it announced positive results. It announced adjusted profit before tax of £163.9m, and adjusted operating profit of £303.6m for the year ending March 31. The group’s rail business in the UK rail has suffered after it failed to win contracts to [...]
Flybe recovery hits turbulence as it makes loss and revenue falls June 10, 2015 Budget carrier Flybe announced a fall in profit and revenue, despite making more money per passenger, and increased the the amount of capacity it is using. It announced a lost before tax of £35.6m for the year ending March 31, after a profit of £8.1m the year before. Revenue was down to £574.1m, a [...]
BT dismisses Sky claims with Champions League launch and big name signings June 9, 2015 BT has launched its Champions League coverage, pouring cold water on the attempts of its main rival, Sky, to diminish the significance of winning the exclusive rights to European football. Sky has being trying to play down its loss of the rights to show Europe's premier club competition ever since its destination was announced more than a [...]