Pearson ‘pleased’ with pivot to AI but Virtual Schools slow again Tech Pearson is integrating artificial intelligence (AI) into its suite of educational products as it looks to modernise.
Airbnb ‘reinventing’ itself with £4.8bn share buyback as it looks to go ‘far beyond travel’ Tech Airbnb has said it is expanding beyond its core services and has revealed a $6bn share buyback scheme amid mixed results.
Sony warns sales will be hit by Hollywood strikes Sony Japanese tech giant Sony lowered its full-year sales forecast today warning that the ongoing Hollywood strikes will wreak havoc with movie production schedules. In a trading update, Sony revised its annual movie sales forecast down 50bn yen to 1.47trn yen (£8bn). Sony blamed the potential lower revenues on the impact of actors and writers staking [...]
Burberry: Analysts say ‘a lot to be desired’ after profit slip May 15, 2024 British fashion house Burberry reported a decline in operating profit for the full year as the brand continues to feel the pinch from consumers reducing spending on luxury items.
Future: Marie Claire and Country Life publisher returns to growth as mags continue to sell April 4, 2024 Magazines under the Future brand, including Marie Claire and Country Life, helped grow sales in the first half of the year.
Apple shares slide after forecasting iPads are no longer a Christmas must have November 3, 2023 Apple’s latest earnings report revealed a sales forecast for the upcoming Christmas quarter that fell short of Wall Street’s expectations, primarily due to sluggish demand for iPads and wearables, causing its shares to drop over 3% in after-hours trading. While the tech giant managed to exceed analysts’ expectations for its fourth-quarter earnings in terms of [...]
P&G tops profit estimates on pricing boost, resilient demand October 18, 2023 Procter & Gamble (P&G) topped market expectations for quarterly sales and profit on Wednesday, benefiting from higher prices as well as steady demand for its personal care products and cleaning supplies. While P&G’s moves to consistently raise prices over the past several months have dented sales volumes with some cost-conscious shoppers turning to cheaper alternatives, [...]
Wise sees 280 per cent boost in profit from high interest rates November 14, 2023 Wise has reported a 280 per cent increase in profit as high interest rates continue to boost the foreign exchange fintech's income.
Darktrace backs revenue guidance despite currency turbulence October 12, 2022 LONDON’s tech darling Darktrace maintained its full year expectations for revenue growth this morning despite showing anxiety about the ongoing strength of the dollar. The cybersecurity company said it backed full year 2023 year-over-year revenue growth of between 30 per cent and 33 per cent, but would continue to monitor foreign exchange rates and “their [...]
Vodafone revenue falls as group pins future on UK and exits ‘challenging’ Spanish market November 14, 2023 Vodafone's group revenue has declined 4.3 per cent in the first half of the year — compared to the same period last year.