Ocean Outdoor revenue jumps after string of acquisitions May 15, 2019 Outdoor advertising firm Ocean Outdoor has posted a double-digit rise in revenue for the first quarter, boosted by recent acquisitions. Read more: Ocean Outdoor profits rise amid expansion plan The London-listed company reported a 14 per cent rise in revenue to £18.6m in the first three months of the year, as it ploughed on with [...]
Trump set to sign executive order rolling out US ban on Huawei May 15, 2019 US President Donald Trump is expected to sign an executive order this week that will set in motion the country’s ban on Chinese tech firm Huawei. Trump is set to sign a long-discussed executive order preventing US companies from using telecoms equipment made by firms that pose a national security risk, Reuters reported, citing three [...]
San Francisco becomes first US city to ban facial recognition software May 15, 2019 San Francisco officials have voted to ban the use of facial recognition technology by local authorities in the latest regulatory clampdown on tech giants. The city’s board of supervisors voted eight to one in favour of the legislation, which would also require police and government departments to submit surveillance technology policies for vetting. Read more: [...]
Firms forced to tell customers about cheapest mobile and broadband deals under new Ofcom rules May 15, 2019 Broadband, phone and TV firms will be forced to tell customers about their best deals under new rules unveiled today by Ofcom. The new regulations mean telecoms firms will have to notify customers when their contracts are coming to an end and lay out the best tariffs available. Read more: UK average broadband speeds rise by a [...]
Cineworld maintains guidance as it looks ahead to bumper slate of films May 15, 2019 Cineworld has said it is on track to deliver full-year revenue in line with expectations, as it looks ahead to a string of hit releases later in the year. The London-based cinema chain posted a 9.4 per cent drop in revenue over the first quarter, which it blamed on the timing of major releases such [...]
Walmart mulls Asda IPO after Sainsbury’s merger blocked May 15, 2019 Retail giant Walmart has said it is considering a stock market listing for Asda, just weeks after the supermarket’s failed attempt to merge with rival Sainsbury’s. Walmart International boss Judith McKenna said the US chain is considering an initial public offering (IPO) for its UK subsidiary, but said it was “not rushing into anything”. Read [...]
Adobe partners with Software AG to personalise customer experiences May 15, 2019 Adobe has teamed up with German software giant Software AG to launch a new data platform that helps businesses create better messaging for their customers. The partnership, which combines the two firms’ software, will allow businesses to access data from different sources in real time to create a personalised customer profile. Read more: Adobe and [...]
Foxconn posts fall in first-quarter revenues as demand for smartphones falters May 14, 2019 Apple supplier Foxconn has posted a sharp fall in profits and revenues for the first quarter amid declining demand for smartphones. Read more: Huawei to build 400-person chip plant near Cambridge The Taiwanese firm, which is the world’s largest contract manufacturer, reported revenues of T$1.05tn (£26bn) for the three months to the end of March, [...]
Vodafone commits to using Huawei equipment in its 5G network May 14, 2019 Vodafone will use Huawei equipment in non-core parts of its 5G infrastructure when it launches the high-speed network in July. A spokesperson for Vodafone confirmed the telecoms company will go ahead with plans to use Huawei technology in non-core parts of the network such as radio antennas, but said the Chinese firm would not participate [...]
Vodafone dividend cut: What does it mean for investors? May 14, 2019 It’s been a rough morning for Vodafone, which has slashed its dividend by 40 per cent in a bid to ease rising debts and a hefty loss for the full-year. Investors were braced for bad news after reports of a dividend cut were widely circulated ahead of the company’s announcement today. But despite the initial [...]