After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Tesco racks up record £6.38bn loss in worst year in supermarket’s history April 22, 2015 Tesco has racked up a £6.38bn loss – the worst year in the supermarket's 96-year history. It's one of the biggest losses ever made by a UK company, and the biggest ever made by a British retailer. The beleaguered supermarket's pre-tax losses for the year are even higher than the £5bn markets had been expecting. One-off [...]
Verizon suprise on the upside as profits fall April 21, 2015 FIRST quarter results at Verizon Communications beat analyst expectations yesterday despite seeing a fall in pre-tax profits. Despite the drop in profits, total revenues for the company rose to $32bn (£21.4bn) from $30.82bn during the first quarter compared to the same period last year. This was partly driven by the American communications company adding a [...]
Shoezone warns on profit after shoppers give retailer the boot April 21, 2015 SHARES in Shoe Zone plunged yesterday after the discount shoe retailer issued a profit warning less than a year after its market debut, blaming last Autumn’s warm weather for weak first half sales. The family-run chain, which floated on Aim last year, said it sold more shoes than it did in the first half of [...]
House of Fraser plots first three stores in China April 21, 2015 HOUSE of Fraser is poised to make its first foray into China, the department store chain said yesterday as it posted record full-year underlying sales. The retailer was snapped up last year by Chinese conglomerate Sanpower through its Nanjing Cenbest subsidiary in a £480m deal. The company said that it will open its first three [...]
Carpetright set to sweep forecasts April 21, 2015 SHARES in Carpetright soared 6.6 per cent yesterday after the retailer said full-year profits would be ahead of expectations thanks to a pick-up in trading in the UK and overseas. The floor coverings retailer, which has had a rollercoaster few years after a series of management changes and profit warnings, said UK like-for-like sales rose [...]
Mobilegeddon: The FTSE 100 winners and losers from Google’s algorithm changes April 21, 2015 It’s the end of the (online) world as we know it – and more than a third of FTSE 100 firms are not fine. So-called “mobilegeddon” is here. But that doesn't mean quite the end of the world – unless that is you happen to have a website which people tend to find through Google [...]
Associated British Foods’ share price falls as Primark sales fail to sweeten sugar business April 21, 2015 The figures Primark owner Associated British Foods (ABF) felt the pinch from falling sugar prices in its first half, with pre-tax profit across the group halving to £213m for the six months to the end of February, compared with £434m during the same period last year. The news caused shares in ABF to open three per cent down. [...]
Google search shake-up could leave firms in the lurch – Bottom Line April 20, 2015 GOOGLE is about to embark on a major algorithm change which could leave businesses who have yet to adapt to mobile see their customer base shrink overnight. Billed as “mobilegeddon” in some quarters, the search engine will tomorrow start to roll out what is expected to be the biggest change to its search results in [...]
Five things to expect from Tesco’s results this week: Billion-pound losses, a pension blackhole, property writedown and more April 20, 2015 If Tesco thought the worst was over, Wednesday is likely to take Dave Lewis and co screaming back to last year’s blackhole debacle as the supermarket reports full-year results that are expected to be the worst in its 96-year history. LATEST: Tesco racks up worse than expected £6.38bn loss in worst year in supermarket's history With [...]
Google’s mobile friendly algorithm change: Why businesses could rue “mobilegeddon” April 20, 2015 Google is about to embark on a major algorithm change which could leave businesses who have yet to adapt to mobile see their customer base shrink overnight. Billed as “mobilegeddon” in some quarters, the search engine will tomorrow start to roll out what is expected to be the biggest change to its search results in [...]