Comcast beats profit estimates but streaming rivals eat into revenue April 25, 2019 US media giant Comcast has beaten Wall Street estimates to post strong first-quarter profit, but fell short on revenue. The figures Comcast posted a 17.9 per cent increase in revenues to $26.9bn (£21bn). Net profit rose 14 per cent to $3.6bn. Adjusted earnings before interest, tax, depreciation and amortisation increased 18.1 per cent to $8.6bn. [...]
Government network restrictions could delay 5G by 12 months, warns Three boss April 25, 2019 The rollout of 5G could be delayed by 12 months if the government introduces restrictions on suppliers in the UK’s telecoms network, Three’s chief executive has warned. Dave Dyson told City A.M. the launch of the high-speed network could be knocked back a year if the government tells providers they need equipment from more than [...]
Pure Gym eyes further expansion as growing membership boosts revenues April 25, 2019 Pure Gym has posted double-digit revenue growth for the full year as it eyes further expansion in 2019. The figures Revenue rose 15 per cent to £228.4m in the year to the end of December. Group earnings before interest, tax, depreciation and amortisation jumped 14 per cent to £73.1m. Member numbers were up 16 per [...]
Carpetright shares soar as restructuring plan starts to pay off April 25, 2019 Shares in Carpetright soared almost 25 per cent this morning after it reported a “significant” improvement in sales as its restructuring plan begins to pay off. The London-listed carpet specialist said like-for-like sales were up in the fourth quarter in a sign of renewed customer confidence. Read more: Carpetright sales drop but pace of decline [...]
Cyber attacks on businesses soar 235 per cent as pressure builds on security bosses April 25, 2019 The number of cyber threats to businesses has soared 235 per cent in the last year, with small firms still the most at risk, according to a new report. Data from cybersecurity firm Malwarebytes shows cyber criminals are increasingly focusing on businesses, while threats to consumers have dropped almost 40 per cent in the last [...]
A quarter of millennial festival-goers have fallen for ticket scams April 25, 2019 Tickets for some of the world’s most popular music festivals are so sought-after they sell out in minutes. Read more: MPs, stop trying to tout the demise of the secondary ticket market But new research has revealed ticket re-sales are a hotbed for opportunistic scammers, who are fleecing desperate music fans for hundreds of pounds. [...]
Inside Huawei: Spies, spin and billions at stake April 24, 2019 The journey from Paris to Verona takes just two minutes. The small, replica Swiss train trundles past imposing French chateaux and gothic German castles, sliding effortlessly through 12 European cities before ending up, after just under eight kilometres of newly-built track, back in Paris. On Huawei’s new Ox Horn campus, not far from the Chinese [...]
Tory party divided over Huawei’s involvement in parts of 5G network April 24, 2019 Senior Tory MPs have slammed Prime Minister Theresa May’s “short-sighted” decision to allow Huawei to participate in parts of the UK’s 5G network. The Chinese firm will be banned from core parts of the network, but will be allowed to supply equipment to non-core areas such as antennas, despite warnings from UK spooks about flaws [...]
Samsung to invest £89bn in logic chip business as it looks to take on rivals April 24, 2019 Samsung will invest 133 trillion won (£89bn) in its logic chip business over the next decade as it looks to counteract a decline in memory chip prices and take on rivals. The South Korean tech giant today said it will invest roughly 11 trillion won per year until 2030 in its divisions that manufacture logic chips, [...]
Huawei ‘will be blocked’ from UK’s core 5G network despite green light from Theresa May April 24, 2019 The UK will block Huawei from core parts of its 5G network and restrict its access to non-core areas, Reuters reported today, citing a security source. Read more: Huawei: US ban 'belittles' national security The ban comes despite media reports late last night that suggested Prime Minister Theresa May has given the green light to [...]
