Domino’s Pizza serves up a feast as online ordering drives sales July 29, 2014 Pizza seller Domino’s impressed its investors yesterday with a strong set of results fuelled by booming numbers of UK consumers ordering its wares online and from smartphones over the past six months. Domino’s, which operates the British, Irish, Swiss and German franchises of the global delivery brand, saw its profit jump 10.1 per cent to [...]
Smartphones soar at Huawei July 29, 2014 HUAWEI, the world’s third largest smartphone maker, saw its smartphone shipments in the first half of 2014 soar 62 per cent year-on-year, as it targeted the more expensive sector dominated by Samsung and Apple. The Chinese company said it had shipped 34.27m smartphones during the period, boosted by the success of its flagship Ascend models [...]
Trinity Mirror share price jumps as Simon Fox crafts a return to dividends July 28, 2014 Simon Fox, chief executive of publishing giant Trinity Mirror, yesterday announced a dividend for the first time since 2008 and the hope of a return to revenue growth by the end of next year, continuing his dramatic turnaround of the business. Shares closed the day nearly six per cent higher after Trinity, which has battled [...]
Simon Fox: Meet Trinity Mirror’s turnaround king July 28, 2014 Almost two years after taking over as chief executive of the embattled Daily Mirror publisher, Simon Fox tells Oliver Smith how his digital plan is paying off After overseeing music retailer HMV’s slow death in the face of booming digital music downloads in the late 2000s, Simon Fox swapped his role as chief executive of [...]
Boris Johnson promises ultrafast 5G mobile data in London by 2020 July 28, 2014 Tomorrow Mayor of London Boris Johnson, will promise that London will be one of the first cities in the world to offer the next generation of ultrafast mobile connectivity (known as 5G) by 2020. Johnson’s pledge comes as part of his London Infrastructure Plan 2050, which will set out the infrastructure requirements for the [...]
BSkyB taps up virtual reality July 28, 2014 BSKYB has invested nearly half a million dollars in a US startup called Jaunt, which is developing virtual reality devices that bring the cinema experience to the home. The $400,000 (£235,400) investment is the second time BSkyB has put money into the California-based company, previously investing $350,000 at the end of last year. BSkyB said [...]
Elliott Management makes bold move on Interpublic July 24, 2014 US ACTIVIST hedge fund Elliott Management has taken a 6.7 per cent stake in Interpublic, the world’s fourth largest advertising company, in the hopes of pushing its management to consider a sale. The hedge fund run by Paul Singer disclosed its $570m (£335.6m) stake yesterday in a regulatory filing stating that it wants to “engage [...]
Reed Elsevier leads the FTSE 100 as profits soar July 24, 2014 EUROPE’S largest media group Reed Elsevier yesterday said it expected another strong year of underlying revenue, profit and earnings growth after demand for exhibitions and financial news helped it to beat profit forecasts during the first half of the year. Anglo-Dutch Reed, which has a market valuation of around £20.9bn, led the FTSE 100 risers [...]
Analyst Views: What did you make of Reed Elsevier’s interim financial results? July 24, 2014 IAN WHITTAKER | LIBERUM The market will like Reed saying it expects organic revenue growth to accelerate over time, given improvements in the quality of the business, and the potential to increase level of cash return, and given that Reed wants to maintain the leverage level it has seen over the past several years. GARETH [...]
Pub operators left hungry after World Cup cuts demand for food July 24, 2014 The World Cup put the boot into pub food sales over May and June as consumers, rather than eating out at their local Mitchells & Butler’s or Marston’s pubs, stayed at home to watch the action in Brazil. Harvester and All Bar One owner M&B posted disappointing third quarter results yesterday due to the World [...]
