Handbag designer Kate Spade fashions a net profit of $2.3m for third quarter of 2015 November 5, 2015 Kate Spade & Company revealed today that it had fashioned a net profit of $2.3m (£1.5m) for its third quarter of 2015, up from a net loss of $9.1m for the same period last year. The company, best known for its quirky range of women’s accessories, also announced a rise in net sales to $277m from [...]
Sports Illustrated publisher Time Inc net loss plunges to $913m November 5, 2015 Media company Time Inc, which publishes Sports Illustrated, InStyle and Time magazine, earlier today reported a net loss of $913m (£600m) for its third quarter of 2015, swinging from a net profit of $48m for the same period last year. Goodwill impairment of $952m, caused in part by falls in Time Inc’s share price, was [...]
Better skills are needed for better productivity, argues parliamentary report November 5, 2015 Developing skills is key to solving the UK’s productivity problem, a report published today by the government’s Education Committee and Business, Innovation and Skills Committee has argued. The paper, which features commissioned research from the National Institute of Economic and Social Research (NIESR), compares skills and productivity in the UK to that in the US, [...]
Facebook revenue surges up 41pc to $4.5bn for third quarter, sending share prices soaring in after hours trading November 5, 2015 Facebook has reported revenue of $4.5bn (£2.9bn) for the third quarter of 2015, up 41 per cent from $3.2bn for the same period the year before. Share prices soared 5.2 per cent to an after hours trading high of $109.34, compared to a market close price of $103.94. “We had a good quarter and got [...]
Social rents cuts a greater benefit to the exchequer than to tenants, finds think tank IFS in new report November 5, 2015 Slashing social rents will benefit the exchequer more than tenants, research published today by think tank the Institute for Fiscal Studies (IFS) has revealed. The report, which was funded by Trust for London, found that cutting social rents – the amount charged to social housing tenants – would only increase renters’ total disposable incomes by £0.7bn. [...]
Electronics company Qualcomm profits crash 44pc to $1.1bn for its fourth quarter of 2015 November 4, 2015 Electronics company Qualcomm today announced net income for its fourth quarter of 2015 had shot down 44 per cent to $1.1bn (£710m) from $1.9bn for the same period last year. Revenue for the company’s last quarter also dropped, although not quite so dramatically, falling 18 per cent to $5.5bn from $6.7bn. “Our fiscal fourth quarter [...]
Candy Crush creator King Digital Entertainment sees revenue fall seven per cent in third quarter November 4, 2015 Revenue for King Digital Entertainment has taken a knock for its third quarter results, revealed today, dropping seven per cent to $480m (£312m), compared to $514m for the same period in 2014. The mobile phone games developer highlighted falling sales in its popular Candy Crush franchise as one of the reasons behind the drop in [...]
21st Century Fox’s first quarter revenues are a fantastic flop, slipping 6 per cent and sending share prices falling November 4, 2015 21st Century Fox saw its revenue drop to $6.1bn for its first quarter of 2016, falling six per cent from $6.5bn for the same period in the prior year. The media giant, known for films like The Fantastic Four, blamed lower cinema ticket takings as part of the reason behind the results. Revenue for its film [...]
Women and Equalities Committee examining impact of UK gender pay gap proposals on over 40s in new inquiry November 4, 2015 An inquiry into reducing the gender pay gap, which focuses on women over 40, was launched by the Women and Equalities Committee yesterday. “The gender pay gap is mainly a problem for women over 40, and currently hits women in their 50s even harder,” said Committee chair Maria Miller. “However, the measures already announced by the [...]
Payday lender CashEuroNet UK agrees with FCA to compensate nearly 4,000 customers to the value of £1.7m November 4, 2015 CashEuroNet UK, which trades as Quick Quid and Pounds to Pocket, has agreed with the Financial Conduct Authority (FCA) to compensate nearly 4,000 customers to the value of £1.7m. The payday lender has agreed that 2,523 customers will have their loan balances written off, 961 will have interest paid on the unaffordable part of their [...]
