Capgemini shares rise on €3.6bn takeover of rival Altran June 25, 2019 Shares in software and consultancy firm Capgemini jumped seven per cent this morning following the announcement of its €3.6bn (£3.2bn) takeover of smaller rival Altran. Read more: AI software market posts huge growth amid digital transformation boom The French digital innovation giant said the merger will create a group with revenue of €17bn and more [...]
Space X launches Falcon Heavy rocket in ‘most difficult’ mission yet June 25, 2019 Space X last night launched its Falcon Heavy rocket carrying 24 experimental satellites in what boss Elon Musk said was the “most difficult” launch his firm has attempted. Read more: Space X explosion will delay astronaut plans, Nasa official says Lift off took place at around 2.30am local time from Kennedy Space Centre in Florida [...]
Sainsbury’s cuts market share decline as Aldi and Lidl soar June 25, 2019 Sainsbury’s has cut short the decline in its market share as discount rivals Aldi and Lidl continue to boost sales. Customer spend at Sainsbury’s dipped 0.6 per cent in the three months to 16 June, an improvement on the 1.2 per cent decline in the previous period following its failed merger with Asda. Read more: [...]
Carpetright shares jump as turnaround plan remains on track June 25, 2019 Carpetright has reported a narrowing of losses and a return to like-for-like sales growth for the full year as it continues to roll out its turnaround plan. Read more: Carpetright shares soar as restructuring plan starts to pay off The figures Revenue fell 13.4 per cent to £386.4m in the 52 weeks to the end [...]
China calls for explanation after Fedex blocks Huawei package June 24, 2019 China’s foreign ministry has called on Fedex to offer a proper explanation after the courier firm apologised for blocking the shipment of a Huawei phone to the US. Fedex has sparked anger in China after it emerged the firm returned a package containing a Huawei phone to its sender in the UK, a writer at [...]
EE fined £100,000 for unlawful spam text messages June 24, 2019 Mobile provider EE has been hit with a £100,000 fine from the data regulator for sending more than 2.5m spam text messages to customers without their consent. The direct marketing messages, sent in early 2018, encouraged customers to access and use the EE app to manage their account and to upgrade their phone. Read more: [...]
UK’s approach to Huawei makes no sense, warns Ericsson boss June 24, 2019 The UK’s mooted plan to ban Huawei from parts of its 5G network makes little technical sense, a top Ericsson boss has warned. Niklas Heuveldop, chief executive of Ericsson North America, told the Financial Times countries should either allow Huawei to participate fully in the network or not at all. Read more: Shares in chipmaker [...]
Sky News cancels Tory leadership debate after Boris Johnson refuses to take part June 24, 2019 Sky News today said it has cancelled its scheduled debate between the two remaining Tory leadership after Boris Johnson refused to take part. Earlier this month Sky unveiled plans for a head-to-head debate between the last two contenders, which was due to take place tomorrow evening. Read more: Boris Johnson shirks Channel 4 TV debate [...]
AI software market posts huge growth amid digital transformation boom June 24, 2019 Revenue from AI software soared more than 63 per cent to $846m (£664m) last year amid a surge in firms investing in the new technology. Read more: David Cameron takes up role at US artificial intelligence firm Robotic process automation (RPA), which provides AI tools for businesses, is now the fastest-growing segment of the enterprise [...]
‘No evidence’ of Russian interference in Brexit vote, says Facebook exec Nick Clegg June 24, 2019 Facebook’s vice-president Sir Nick Clegg has insisted there was “absolutely no evidence” Russia used the social media platform to influence the Brexit referendum. The former deputy prime minister said his firm had carried out analyses on its data and found no “significant attempt” by outside forces to influence the vote, arguing British politics had been [...]
