Paul's Feed
Apr 19, 2015

UK’s Cameron says Labour-SNP power deal would be frightening

LONDON (Reuters) – The prospect of Scottish Nationalists holding sway over a minority Labour government is “frightening”, British Prime Minister David Cameron said on Sunday, as polls suggested deadlock 18 days before an election.

The Scottish National Party could win 53 out of 59 seats north of the border, according to recent forecasts, giving a party whose aim is an independent Scotland huge influence over a British parliament where no single party commands a majority.

Apr 15, 2015

China’s Huawei shows smartphone credentials with P8 launch

LONDON, April 15 (Reuters) – China’s Huawei
unveiled its flagship P8 and P8 Max smartphones on Wednesday,
devices that stack up against the latest models from Samsung
and Apple in technical specifications if
not marketing budget.

The P8, which runs Google’s Android operating
system, has a 5.2 inch display screen — slightly larger than
the Samsung Galaxy S6, unveiled last month, and the iPhone 6 –
and an eight-core 64-bit processor.

Apr 9, 2015

Labour takes as much as 6 percent point lead in pre-election poll

LONDON (Reuters) – The Labour Party has taken the lead over Prime Minister David Cameron’s Conservatives, according to four opinion polls less than a month before the May 7 election, with one survey showing a Labour lead of six percentage points.

Neither Cameron’s Conservatives nor Ed Miliband’s Labour Party is forecast to win an overall majority in Britain’s 650-seat parliament after losing support to once fringe parties such as the Scottish National Party and the UK Independence Party.

Apr 9, 2015

Britain’s Labour takes as much as 6 percent point lead in pre-election poll

LONDON (Reuters) – Britain’s opposition Labour Party has taken the lead over Prime Minister David Cameron’s Conservatives, according to four opinion polls less than a month before the May 7 election, with one survey showing a Labour lead of six percentage points.

Neither Cameron’s Conservatives nor Ed Miliband’s Labour Party is forecast to win an overall majority in Britain’s 650-seat parliament after losing support to once fringe parties such as the Scottish National Party and the UK Independence Party.

Apr 9, 2015

Co-op looks to rebuild after return to profit

LONDON (Reuters) – Britain’s Co-operative Group (42TE.L: Quote, Profile, Research), the supermarkets-to-funerals operator that almost collapsed in 2013, said it had been rescued by selling assets including its pharmacies and could now focus on rebuilding.

The Co-Op reported pre-tax profit of 124 million pounds for the year to Jan 3, against a loss of 255 million pounds a year earlier, on revenue of 9.4 billion pounds, helped by disposals.

Apr 9, 2015

Britain’s Co-op looks to rebuild after return to profit

LONDON, April 9 (Reuters) – Britain’s Co-operative Group
, the supermarkets-to-funerals operator that almost
collapsed in 2013, said it had been rescued by selling assets
including its pharmacies and could now focus on rebuilding.

The Co-Op reported pre-tax profit of 124 million pounds
($184 million) for the year to Jan 3, against a loss of 255
million pounds a year earlier, on revenue of 9.4 billion pounds,
helped by disposals.

Mar 31, 2015

HP and Autonomy co-founder Lynch sue each other in London

LONDON (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) has lodged a claim in London against Michael Lynch and a former colleague for damages of about $5.1 billion over their management of Autonomy, the company it bought in 2011.

Lynch will counter sue, seeking in excess of 100 million pounds ($149 million) for loss and damage caused by HP’s accusations, his representatives said in a statement on Tuesday.

Mar 17, 2015

Just Eat orders up higher sales this year

LONDON, March 17 (Reuters) – Online takeaway food service
Just Eat said revenue would grow to more than 200 million
pounds ($298 million) this year, maintaining the momentum that
saw it beat market expectations in its first full-year results
since it listed in April.

The British company, which floated in London at 260 pence a
share, said it processed more than 60 million orders for
45,700 restaurants in 2014, led by demand for pizza and Italian
food more generally.

Mar 12, 2015

Supermarket price war hits profits at John Lewis Partnership

LONDON, March 12 (Reuters) – Britain’s John Lewis
Partnership said its upmarket chain Waitrose had not
been immune to the supermarket price war, resulting in a 9
percent fall in underlying profit and forcing it to cut its
staff bonus for a second year.

The 150-year-old employee-owned group, which runs Britain’s
biggest department store chain and its sixth-largest
supermarket, said Waitrose operating profit slumped 23.4 percent
due to brutally competitive market conditions and higher
investment costs.

Mar 12, 2015

Rivals call for BT break-up in review of UK telecoms sector

LONDON, March 12 (Reuters) – Broadband providers Sky
and TalkTalk have called on Britain’s telecoms
regulator to break up BT, the market leader whose network
they rely on, in the biggest review of the sector for a decade.

BT’s rivals have stepped up their charge against the
country’s dominant fixed-line group ever since it announced its
planned acquisition of EE , Britain’s
biggest mobile operator, at the end of last year.