Concerns over Sophos as shares tank in early trading after ‘subdued performance’ warning January 18, 2019 Sophos Group shares were down 23 per cent in early morning trading after reporting “subdued performance” in its third quarter trading update. The IT security company said a “challenging” previous year was context for the disappointing results, which saw the company earnings decline eight per cent year-on-year for the nine months to 31 December to [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Live TV still the top choice for Brits despite rise of on-demand viewing May 28, 2019 Broadcast live TV is still the go-to option for Brits when deciding what to watch, despite the surge in popularity of on-demand services, a new survey has revealed. More than two-fifths of the UK population still always turn to live TV in the first instance, making traditional broadcasters the most popular choice, according to research [...]
ii view: Sales retreat at Sainsbury’s July 8, 2019 By Keith Bowman from interactive investor. Tough comparatives have impacted results for this supermarket, but that is no surprise. First quarter trading for 16 weeks to 29 June 2019 Total sales down 1.2 per cent (excluding fuel) Like-for-like sales declined 1.6 per cent (excluding fuel) Grocery sales fell 0.5 per cent General merchandise sales down 3.1 per cent [...]
Brussels vows to push ahead with digital tax plans aimed at tech giants like Amazon, Google, Facebook and Apple February 20, 2018 Brussels is pushing ahead with digital tax plans aimed at tech giants such as Amazon, Google, Facebook and Apple. The economic commissioner for Europe Pierre Moscovici said efforts are moving forward to bring the taxation of digital companies in line with traditional firms: “this is happening” he said. Read more: EU competition chief threatens tech [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Company reveals a Braille e-reader to improve access to books for blind people January 14, 2019 A British company is set to launch an e-reader for blind people with the aim of making digital Braille books a practical alternative to their bulky print counterparts. Bristol Braille Technology spent six years developing the Canute 360, which it hopes will make Braille e-books “affordable, practical and enjoyable”. Read more: CES 2019: The world’s [...]
The high five: your guide to the most valuable start-ups June 13, 2019 It was the year of America’s 200th birthday, of a scorching heat wave in the UK followed by a huge sterling crisis, and it was the year that the only unelected president in US history, Gerald Ford, went down at the polls to the former Governor of Georgia, Jimmy Carter. Less remarked at the time [...]
City Moves for 25 April 2019 – Who’s switching jobs at the Economist Group, Gumtree and Oasis? April 25, 2019 Today's City Moves includes the Economist Group, Gumtree and Oasis. The Economist Group The Economist Group has announced that Lara Boro will become its new chief executive. Lara joins from Informa, where she is currently chief executive of Informa Intelligence. She will take up the position later this year, when Chris Stibbs, the current chief [...]
Netflix predicts slowed subscriber growth as price hikes begin to hurt April 17, 2019 Netflix expects its subscriber growth rate to weaken in the coming months, as upcoming US price rises for its TV streaming site dampen the attraction of new users. The firm said it had gained a record number of 9.6m paid subscribers in the three months to March, taking its total up to 148.9m and ahead of [...]