An EDF board member has resigned in protests ahead of tonight’s Hinkley Point decision July 28, 2016 NULL
More than half of UK SMEs say banks are not “business friendly”, according to a new survey released today July 28, 2016 More than half of the UK's small and medium-sized businesses say that banks are not business friendly. A survey of 850 SMEs by business loan specialist LDF found that 52 per cent complaining about the banking sector's support. 30 per cent said that finance was the biggest difficulty they faced when setting up a new business, [...]
GoPro has announced two new cameras despite seeing revenues plunge over the last three months July 27, 2016 Plunging revenues have not been enough to halt optimism at camera maker GoPro. The US firm has announced plans to launch a consumer drone and the latest version of its wearable cameras by the end of the year. It comes despite the firm revealing a second quarter loss of $91.7m (£69.4m), compared to an equivalent figure of a [...]
Groupon hikes revenue forecasts despite swinging to $55m quarterly loss July 27, 2016 Groupon has reported a loss of $54.9m (£41.5m) for the second quarter, a year after notching a profit of $110m. However, the discounts firm said that adjusted for charges and other items, it would have meant a loss of just $0.01 per share. This put the firm ahead of average analyst forecasts of a loss of [...]
More than a billion mobile users drive Facebook earnings up by 186 per cent in Q2 July 27, 2016 Facebook has seen total earnings climb by 186 per cent for the second quarter, with more than a billion users checking into the social network every day on mobile. According to the latest figures, 1.03bn people used Facebook daily on their mobile devices, up 22 per cent on last year. Across all platforms the social networking giant reported [...]
The studio behind the James Bond franchise is reportedly in talks over a £300m takeover with a US property fund July 27, 2016 The UK's legendary Pinewood Film Studios could reportedly be sold within the week to an international property fund. The studios – where films including the Harry Potter series, the most recent Star Wars film and the James Bond franchise have been filmed – could be sold for more than £300m. According to Sky News, the [...]
Italian Prime Minister Matteo Renzi has called Theresa May to establish clarity on the UK’s Brexit timeline July 27, 2016 Italian Prime Minister Matteo Renzi has called for more certainty on when the UK plans to quit the EU following last month's referendum. Last week French president Francois Hollande called on the UK to begin formal Brexit talks as soon as possible, and today Renzi has again stressed the need for clarity on the future of the [...]
City stockbroker Cenkos is reportedly facing a fine of “hundreds of thousands” for its work with Quindell July 26, 2016 City stockbroker Cenkos is reportedly facing a fine of “hundreds of thousands” from the FCA over its dealings with an insurance technology group. According to Sky News, the FCA is preparing to hit Cenkos with a penalty of around £700,000 for its work with Quindell, now known as Watchstone Group. Sources told Sky News the regulator [...]
Analog Devices is to acquire fellow US chipmaker Linear Technology in a $15bn deal July 26, 2016 Massachusetts-based Analog Devices is to acquire fellow chipmaker Linear Technology in a deal worth $14.8bn (£11.3bn). The tech firm announced that it had reached a definitive agreement with Linear, and would pay shareholders $46 per share in cash, alongside 0.2 shares of Analog stock for each Linear share held. The offer represents a premium of nearly [...]
Sir Philip Green is considering his options after the chair of a BHS investigation failed to meet a 24 hour deadline for an apology July 26, 2016 Retail tycoon Sir Philip Green is considering his options after Labour MP Frank Field failed to respond to Green's claims of defamation and a demand for an apology within 24 hours. That was over a day ago. Lawyers instructed by Green wrote to Field yesterday, claiming the chair of the work and pensions committee used a BBC interview to accuse [...]
