World Federation of Advertisers sets up digital media taskforce to tackle fraud January 14, 2019 The World Federation of Advertisers (WFA) has created a global taskforce to tackle the growing problem of ad fraud and improve data transparency. The WFA today said it has assembled a team of top marketing executives tasked with addressing the key challenges facing digital media. Read more: Brexit, ad fraud and #MeToo – what does the [...]
Apple chip supplier Dialog Semiconductor predicts low quarterly sales January 14, 2019 Apple chipmaker Dialog Semiconductor today said it expects quarterly sales to be at the bottom end of its target range after the iPhone manufacturer issued a shock profit warning. Dialog reported preliminary revenue of roughly $431m (£336m) for the fourth quarter, which is at the lower end of its $430m to $470m forecast. In October [...]
Euronext launches formal €625m cash tender offer for Norwegian stock exchange Oslo Bors January 14, 2019 Stock market operator Euronext today said it has launched its €625m (£559m) cash offer for Oslo Bors after the Norwegian exchange called for more generous bids. Euronext has confirmed its offer of 145 Norwegian krona per share, which was originally revealed last month. It said the bid is a 32 per cent premium on Oslo Bors’s [...]
Debenhams may shut 90 stores and slash 10,000 jobs in rescue plan January 14, 2019 Debenhams could cut 10,000 jobs as part of a desperate attempt to keep the company afloat amid plunging profits and a dramatic boardroom coup. The struggling department store has earmarked as many as 90 high street stores for closure, the Daily Telegraph reported yesterday. Debenhams had already announced plans to close 50 of its 165 [...]
JD Sports eyes strong profits thanks to international expansion January 14, 2019 JD Sports today said it expects full-year profits to hit the higher end of its targets as international growth helped defy tough retail conditions. The sports retailer reported total sales growth of 15 per cent in the 48 weeks to 5 January, with like-for-like sales up five per cent in the same period. Read more: Retail [...]
Three killed and dozens injured after huge explosion in Paris city centre January 12, 2019 Three people have died and dozens more are injured following a huge explosion in central Paris this morning. The explosion, which is thought to have been caused by a gas leak, took place at around 9am local time. Interior minister Christophe Castaner said two firefighters have been killed and 10 people, including one firefighter, are in a critical condition. [...]
Huawei sacks employee following arrest in Poland on spying charges January 12, 2019 The Huawei employee arrested this week in Poland on suspicion of spying for the Chinese government has been fired, the company said today. Wang Weijing was detained by Polish authorities yesterday alongside an Orange employee, who is reportedly a former agent in Poland’s security service. Huawei today said it has dismissed Weijing, stating his alleged [...]
Police arrest man over alleged MP abuse incidents outside parliament January 12, 2019 A man in his 30s has been arrested on suspicion of public order offences after an MP was subjected to alleged verbal abuse outside parliament last week. The Metropolitan Police said the man was detained outside St James’s Park tube station in central London shortly before midday in connection with incidents in Westminster on Monday. [...]
Chris Grayling: Blocking Brexit could prompt surge in right-wing extremism January 12, 2019 The UK could see a huge surge in right-wing extremism if the government blocks or weakens Brexit, a cabinet minister has warned. Transport secretary Chris Grayling said any moves to block Theresa May’s Brexit deal would cause the 17m people who voted to leave the EU feel “cheated”. Grayling told the Daily Mail any intervention [...]
World’s largest brewer AB InBev considers public listing of Asian operations January 12, 2019 Brewing giant Anheuser-Busch InBev is eyeing up a partial flotation of its Asian business in a move that could raise billions of dollars. The brewer behind major beer brands including Budweiser and Stella Artois is in discussions with bankers about a potential initial public offering (IPO) in Hong Kong that could help to reduce its [...]
