TalkTalk puts aside £25m to add more customers as demand soars November 11, 2014 TalkTalk is planning to invest up to £25m in acquiring more customers in the second half of the year, as demand for its broadband, TV, mobile and fixed-line telephone packages continued to increase during the first half of 2014. Chief executive Dido Harding told City A.M. the spend was “a thoroughly good thing… We’re actually [...]
Blinkx share price rises as bleak results fail to dampen investors November 11, 2014 Falling revenues and losses were not enough to put off investors in the video search and advertising group Blinkx yesterday. Blinkx blamed the industry’s shift from desktop to mobile for the results, as well as ongoing commercial and reputational damage following Harvard Business School professor Ben Edelman’s critical blog post regarding Blinkx in January. [...]
Centaur upbeat on 2015 outlook November 11, 2014 SHARES of business publisher Centaur Media rose yesterday after the group said the next six months would see “much stronger performance” for the firm. Centaur reported a significant improvement in trading during the four months to 31 October, with a six per cent jump in underlying revenues during the period. “We are confident of delivering [...]
Tarsus swoops for US medical conference in $12.8m takeover November 11, 2014 EXHIBITIONS group Tarsus has bought US dermatology conference South Beach Symposium from SBS Medical Education in a deal worth $12.8m (£8m). Tarsus said the transaction, which consisted of $6.4m in cash and $6.4m payable on completion and through to 2018, would expand the group’s medical business. “The acquisition of SBS is another key step in [...]
Quindell share price plummets as confusion over share dealings reigns November 10, 2014 Confusion surrounding the convoluted share dealings of three of Quindell’s largest individual shareholders caused havoc for the price of the insurance outsourcer. Last Wednesday, Quindell said its chairman, finance chief and a non-executive director had entered into a loan facility to borrow £8.76m, secured against their own shares, in order to fund the purchase [...]
Transferwise in $1bn valuation for fundraising valuation November 10, 2014 LONDON money transfer startup Transferwise is on track to raise $50m (£31.5m) from US venture capital firm Sequoia Capital, in a deal that values the business at nearly $1bn. The investment, first reported by the Financial Times, would be Transferwise’s largest to date. The startup has so far raised $33m in the three years since [...]
Sainsbury’s eyes dividend cuts as profits set to fall November 10, 2014 Spending cuts, including a reduction in its dividend, are tipped to be on the agenda for Sainsbury’s on Wednesday as the supermarket prepares to rein in costs along with its first-half results. Analysts expect chief executive Mike Coupe will reveal a disappointing 12.5 per cent fall in profits to £350m for the period, as the [...]
Singles’ Day 2014: China’s retail giants set for sales windfall during world’s biggest online shopping day November 10, 2014 China's biggest online retailers, including the recently floated Alibaba, are set for the biggest online shopping day in the world tomorrow. Last year, Singles’ Day was responsible for $5.8bn (£3.6bn) worth of orders for Alibaba alone. This year that figure is expected to grow by 42 per cent to around $8.2bn, according to market [...]
Vodafone plans to hike dividend November 9, 2014 TELECOMS giant Vodafone is set to raise its dividend by between two and five per cent tomorrow as the group reports its half-year results. The move comes as analysts predict that the FTSE 100-listed firm will report a 12 per cent fall in earnings to £5.8bn. Earnings are likely to have been weighed by its [...]
Kurt Geiger expands on the high street as luxury shoe sales soar November 9, 2014 LUXURY shoemakers Kurt Geiger will post third-quarter results today, showing a 13 per cent jump in like-for-like sales during the period leading to year-to-date turnover of £210m, also up 13 per cent. Kurt Geiger has opened 28 new stores so far in 2014 and has a further 28 new stores in the pipeline for the [...]
