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 [...]
Pub operator Ei Group’s profits rise thanks to drinks sales boost May 14, 2019 Pub chain Ei Group has posted a modest rise in pre-tax profit for the half year thanks to continued growth in drinks sales. Ei, which is the largest owner and operator of pubs in the UK, posted pre-tax profits of £59m in the six months to the end of March, up from £57m in the [...]
Nationwide scoops £50m prize for small business lending May 14, 2019 Nationwide has won the latest round of funding from a high-profile grant designed to boost small business lending in the UK, pocketing the top £50m prize. Read more: Nationwide invests in ex-Barclays CEO's firm to boost business banking Investec and the Co-operative Bank were also named as winners, taking home £15m each. The awards, handed [...]
Vodafone slashes dividend after racking up hefty losses from 5G investment May 14, 2019 Vodafone has slashed its dividend by 40 per cent after posting heavy losses for the full year. Read more: Vodafone's Australian TPG merger blocked The figures Group revenues fell 6.2 per cent to €43.7bn in the year to the end of March. Vodafone swung to a loss of €7.6bn, compared to a profit of €2.8bn [...]
Music royalties firm PPL collects record revenues of £247m for artists May 14, 2019 Music licensing company PPL has reported its highest-ever annual revenues as it paid out to a record number of musicians and rights holders. PPL, which is one of the UK’s two main royalties agencies, collected revenues for its members of £246.8m in 2018, up 13 per cent on the previous year. Read more: Hipgnosis snaps [...]
Outernet teams up with Technicolor to create new London media landmark May 13, 2019 Entertainment venue firm Outernet Global has teamed up with French giant Technicolor to create a new immersive advertising and live entertainment space in London. The firms have agreed a partnership as part of a multi-billion-pound project to create a new media hub offering a unique broadcasting environment in the West End. Read more: UK digital advertising [...]
