Vodafone shares rise as it mulls stock market float for mobile mast business July 26, 2019 Shares in Vodafone jumped more than seven per cent this morning after it announced plans to spin off its mobile masts business into an independent company that could be floated on the stock exchange. Chief executive Nick Read said the move will create Europe’s largest tower company, with around 61,700 masts in 10 markets. Read [...]
Elon Musk’s Tesla loses more than $5bn in value as shares plummet July 25, 2019 Tesla’s valuation dropped by more than $5bn when markets opened this afternoon as investors reacted to the firm’s disappointing second-quarter results. Shares in Elon Musk’s firm plunged more than 13 per cent to just under $229 after figures for revenue and profit margin fell short of expectations. Read more: Tesla revenues fall short of expectations [...]
Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
Astrazeneca share price rises as new cancer drugs boost sales July 25, 2019 Shares in Astrazeneca rose more than five per cent this morning after bumper sales of new cancer drugs fuelled a revenue rise in the second quarter. Read more: Astrazeneca promises cash to back up £12m redundancy payments for former staff The FTSE 100 pharmaceutical giant posted a 14 per cent rise in sales to $5.7bn [...]
Samsung Galaxy Fold ‘ready for launch’ after screen fix July 25, 2019 Samsung today said its foldable smartphone will be ready for launch from September after problems with the device’s screen caused its release date to be delayed. Read more: Samsung cuts output at its last Chinese smartphone factory The Galaxy Fold, which is the firm’s first foldable phone, was due to be released in April, but [...]
Shares in publisher Relx drop as growth falls short of expectations July 25, 2019 Shares in academic analytics firm Relx dropped as much as five per cent in early trading after it missed expectations for half-year revenue growth. Relx, which also runs exhibitions such as Comic Con, posted a three per cent rise in revenue to £3.9bn in the six months to the end of June, while profit before [...]
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 [...]