Martin Sorrell under fire as WPP clashes with investors June 25, 2014 Advertising titan WPP clashed with investors at its annual meeting yesterday after nearly 30 per cent of shareholders failed to support chief executive Sir Martin Sorrell’s £30m pay package. Sorrell’s total pay for 2013 shot up by 70 per cent, nearing to £29.8m, making him the highest paid executive in the FTSE 100. At the [...]
Google sets its sights on TVs, cars and watches June 25, 2014 GOOGLE’S Android software is coming to cars, televisions and watches this year, as the search giant looks to capitalise on the booming market of internet-connected devices. During its annual developers’ conference in San Francisco yesterday, Google announced the first cars running Android Auto, software for navigation, music and messaging, that will roll into car showrooms [...]
Apple’s Beats Electronics deal to face EU antitrust regulator ruling by 30 July June 25, 2014 Apple’s $3bn (£1.8bn) takeover of Dr Dre and Jimmy Iovine’s Beats Electronics will be scrutinised by European Union antitrust regulators who will decide by 30 July whether to OK the deal. The European Commission said it had been notified of the deal on Tuesday and that it would take 25 days to consider whether it [...]
Samsung electronics finance boss warns of disappointing results June 25, 2014 Samsung Electronics expects its earnings for the second quarter to be “not that good”, the firm’s finance chief said yesterday, amid growing worries about weak sales for its key smartphone business. Finance chief Lee Sang-hoon made the remark to local reporters in South Korea. Analysts have recently raised concerns that the company’s cash cow handset [...]
Floats, mergers and deals now at the highest level since 2007 June 24, 2014 DEALMAKING has soared during the first six months of 2014 with global mergers and acquisitions (M&A) totalling $1.75 trillion (£1.03 trillion) unveiled, the highest global deal value since 2007 when $2.6 trillion in deals were struck, according to Dealogic. US M&A has so far dominated 2014, with volumes jumping 55 per cent to $798.5bn led [...]
Chip royalties send Imagination shares soaring in spite of losses June 24, 2014 SHARES in Imagination Technologies, the British graphics and microprocessor maker that counts Apple among its customers, jumped 7.7 per cent yesterday after the firm reported a smaller than expected loss for the year. Licensing revenue soared 32 per cent to £38.3m, hitting the upper end of Imagination’s forecast. Royalty revenue, which it receives on each [...]
Google set to unveil a wearable future June 24, 2014 Tonight at 5pm Google will show off its latest software at its annual I/O Conference for developers in San Francisco. Last year, Google used the event to unveil a redesigned Google Maps, launch its Google Play streaming music service and announce that Android has shipped on 900m devices. Tonight, Google is expected to focus on [...]
Domino falls on its warning of flat trading June 24, 2014 DOMINO Printing, the seller of printing equipment for retailers, led the FTSE 250 fallers yesterday after warning that pricing pressure in Asia would lead to flat profits in 2015. Shares tumbled 16.7 per cent on the news, making Domino the top percentage loser on the London Stock Exchange yesterday. Domino’s results for the six months [...]
Nintendo chief Satoru Iwata to miss AGM over illness as UK patent case is lost June 24, 2014 Nintendo’s chief executive Satoru Iwata announced yesterday that he had had surgery to remove a tumour in his bile duct and would need more time to return to work. Nintendo also lost a UK court case against electronics giant Philips yesterday, over the motion tracking technology it used in its Wii game console that Philips [...]
Google Glass touches down in the UK for £1,000 June 23, 2014 GOOGLE launched its smart Glass eyewear in the UK last night, making it the second country to get the device after it launched in the US last year. Glass, which Google says is still an early prototype, is on sale for £1,000 and features a heads-up display with access to email, search and maps through [...]
