Beyond Meat shares surge a day after debut results Beyond Meat shares surge a day after debut results Shares of plant-based burger startup Beyond Meat surged 27 per cent in pre-trading, a day after it debuted its earnings as a listed company. The company estimates that it will double its sales this year as consumer interest in plant-based meat alternatives peaked in the first three months of the year. Shares rose to $131.50 [...]
Ban on Chinese telecoms vendors would add $62bn to Europe’s 5G bill Huawei ban could delay Europe's 5G rollout by 18 months A ban on buying telecoms equipment from Chinese vendors would add $62bn (£48bn) to the cost of 5G networks in Europe, according to an industry analysis. The Trump administration blacklisted purchases Huawei in May as part of a long-running dispute with the company. The United States alleges that Huawei is too close to the Chinese [...]
Facebook rips apps off new Huawei smartphones Facebook rips apps off new Huawei phones Facebook has suspended pre-installation of its apps on new Huawei phones, dealing the latest blow against the beleaguered Chinese telecoms giant. The apps affected by the suspension will include Facebook, Instagram and Whatsapp. Customers who already have Huawei phones will still be able to access and update their apps. But the company’s new phones will [...]
Google: Huawei ban is a national security risk June 7, 2019 Google has warned the Trump administration it risks compromising US national security if it pushes ahead with planned restrictions on Huawei. Senior executives at Google are pushing US officials to exempt it from a ban on exports to the Chinese company, according to the Financial Times. The Trump administration announced the ban after trade talks [...]
Wren Kitchens to create 1,200 new jobs June 6, 2019 Wren Kitchens plans to create 1,200 new jobs as it seeks to expand its manufacturing workforce. The company is seeking approval to build a new £120m manufacturing facility in the Humber. The new factory, which will be the company’s fourth in the region, is set to be built on a 180-acre site behind company’s headquarters [...]
Google Cloud buys analytics firm Looker for $2.6bn June 6, 2019 Google will buy analytics firm Looker for $2.6bn (£2bn) as it looks to expand its cloud offerings. Read more: Microsoft and Oracle team up to take on Amazon Web Services The deal is the first big move for the company’s new cloud chief, Oracle veteran Thomas Kurian, who replaced Diane Greene last year. The acquisition [...]
