Blackberry share price up on near return to profit June 19, 2014 Blackberry has moved a step closer to profit today, posting a smaller than expected loss as it begins to the feel the effects of cost-cutting measures. In early trading shares of the troubled smartphone maker gained 10 per cent on the news that pre-tax losses have been reduced from $557m in the previous quarter to $6m. [...]
Atos makes IT tie-up with Bull May 27, 2014 French IT group Atos is to buy Bull in a deal worth €620m (£502.2m) to create the biggest Europe-based cloud computing company and a major player in cybersecurity. The companies said the combined company would be second only to Amazon in global cloud computing revenues. Atos has offered €4.90 per share for Bull, or 30 [...]
Zoopla share price jumps more than five per cent at IPO June 18, 2014 Shares in Zoopla, a property aggregating website, have jumped by more than five per cent on the first day of its IPO, up over 230p from an opening price of 220p. Investors have been eagerly anticipating the launch by Zoopla Property Group, which is owned by the Daily Mail And General Trust (DMGT). A float [...]
Apple agrees US ebook price-fixing settlement out of court June 17, 2014 Apple has agreed to settle an ebook price fixing lawsuit in the US. The tech giant avoided a trial and an estimated $840m payout in damages by agreeing to settle the lawsuit out of court. Consumers and legal representatives from 33 US states filed the civil lawsuit against the iPhone-maker and five book [...]
Amazon’s German operations threatened by Christmas strikes October 6, 2013 WORKERS at Amazon.com’s German operations could strike during the Christmas holiday season in a dispute over pay that has been raging for months, a union has warned. “If I were Amazon I would not rely on being able to make all deliveries to customers on time before Christmas,” Heiner Reimann of services trade union Verdi [...]
Shoe Zone’s maiden results show profits up but a step back in sales June 24, 2014 DISCOUNT footwear chain Shoe Zone yesterday posted a jump in half-year profits in its first set of results since floating on London’s junior market last month. The family-run chain, which has 554 shops, said pre-tax profits rose to £2.7m in the six months to 5 April, a large increase from £200,000 in the first half [...]
Royal Mail share price falls on parcel revenue warning July 22, 2014 Freshly privatised Royal Mail has been suffering from more parcel delivery induced headaches, today warning that parcel revenues are likely to be below expectations. Chief executive Moya Greene says that the company has seen a "weaker than expected performance in UK parcels" in the first three months of the delivery firm's financial year. Parcels revenue [...]
Bashful Basham is in his element June 2, 2014 AS AN ex-City spinner you’d imagine Brian Basham’s passions being along the lines of lunches at The Savoy, Bentleys and well-tailored suits (and goodness knows, they probably are) but the veteran PR has revealed a somewhat more esoteric enthusiasm over the last week – the radioactive chemical element, Thorium. Basham, who as we revealed last [...]
BuzzFeed valued at $850m as company plans international expansion August 11, 2014 BuzzFeed, the viral news and content website famed for its "listicles", has been valued at $850m after it secured $50m of investment from venture capital firm Andreessen Horowitz. The online media company currently reaches 150m people a month, has expanded from its New York base to offices in Los Angeles and London, and now [...]
Entrepreneurial spirit alive and kicking in UK September 15, 2014 ENTREPRENEUR of the year The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business. According to campaign group Startup Britain, more than 410,000 new businesses launched in the UK in 2014 so far – up from [...]