Telefonica buoyed by handset sales as revenue falls flat July 25, 2019 Telefonica has posted flat revenue for the second quarter, as strong growth in handset sales offset the negative impact of exchange rates. Read more: Vodafone signs broadband deal with Telefonica Deutschland amid competition probe The Spanish telecoms giant posted revenue of €12.1bn (£10.8bn) in the three months to the end of June, while net profit [...]
Daily Mail owner on track as Mail Online growth props up revenue July 25, 2019 Daily Mail and General Trust (DMGT) today said it is on track for full-year trading in line with expectations, as strong growth for Mail Online offset a decline in business to business revenue. The publishing group posted a two per cent decline in revenue in the nine months to June after a mixed performance across [...]
Vodafone chairman defends dividend cut as firm fends off pay revolt July 23, 2019 Vodafone has defended its controversial decision to slash its dividend as the firm fended off threats of a shareholder revolt. Chairman Gerard Kleisterlee admitted the last year had been a “low point” for Vodafone and the industry as a whole, but insisted the decision to slash the payout had not been taken lightly. Read more: [...]
Murdoch gets green light for merger of the Times and the Sunday Times July 23, 2019 The government has given the go-ahead for plans to merge parts of the Times and the Sunday Times, as the newspapers look to adapt to shifts in the media industry. Read more: UK government set to give green light over Murdoch newspaper merger Rupert Murdoch’s News UK empire put forward proposals earlier this year to [...]
Ranked: These are the UK’s worst broadband and mobile firms July 23, 2019 Plusnet has topped a list of highest number of complaints for a broadband provider for the second quarter in a row. The Sheffield-based telecoms firm received 31 complaints per 100,000 customers between January and March, according to figures published today by regulator Ofcom. Read more: Which telecoms companies have the worst customer service? Plusnet was [...]
Apple in ‘advanced talks’ to buy Intel’s smartphone chip business July 23, 2019 Apple is said to be in advanced talks to buy Intel’s smartphone-modem chip business in a deal worth at least $1bn (£804m). Read more: Apple boss Tim Cook brands reports he fell out with Jony Ive ‘absurd’ The tech giant is discussing the purchase with the chipmaker and a deal could be reached in the [...]
Fevertree shares go flat as poor weather hits sales growth July 23, 2019 Shares in Fevertree fell more than five per cent in early trading after it said poor weather put a damper on growth in the first half. Read more: Fevertree boss Tim Warrillow quadruples pay package in 2018 The figures Revenue increased 13 per cent to £117.3m in the six months to the end of June. [...]
Ocado bags sales jump amid decline in supermarket sector July 23, 2019 Ocado has posted a double-digit rise in sales over the last quarter as it defied an overall decline in the supermarket sector. The online retailer boosted its sales by 11.9 per cent in the 12 weeks to 14 July, stealing a larger chunk of the competitive grocery market. Read more: Sainsbury’s sales slip in ‘tough’ [...]
Onecom bags £100m in funding as it eyes up future acquisitions July 22, 2019 UK telecoms firm Onecom has secured £100m to help fund future acquisitions as it looks to beef up its presence across the country. The independent business telecoms provider said it has raised the funds from private equity firm LDC and credit funds managed by an affiliate of US asset manager Ares. Read more: Vodafone taps [...]
Equifax fined up to $700m for massive data breach July 22, 2019 Equifax has agreed to pay as much as $700m (£562m) as part of a settlement with the US regulator following a 2017 data breach that exposed the personal data of almost 150m people. The Federal Trade Commission (FTC) accused the credit rating agency of failing to secure personal information stored on its system. Read more: [...]
