LONDON (Reuters) – Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) reported another big quarterly drop in its main revenue measure, as weakness in South Africa and Spain offset stabilization elsewhere in Europe, and said a broader improvement is not expected until later in the year.
The world’s second-biggest mobile operator is ramping up spending on new, faster 4G networks to satisfy customers’ growing appetite for data.
LONDON, July 23 (Reuters) – British broadband provider
TalkTalk added 185,000 subscribers to its TV service in
its first quarter, taking its base to more than 1.1 million and
helping revenue rise 3.1 percent to 434 million pounds ($741
The company, which serves the value segment of the market,
is selling more services such as TV and mobile to the 4.1
million broadband customers on its network to boost revenue.
LONDON (Reuters) – ARM Holdings posted a 9 percent rise in second-quarter profit as licensing of its processor technology compensated for a slowdown in high-end smartphone sales that decimated growth in royalties.
The Cambridge-based company, which sells blueprints for chip designs and receives royalties on every chip shipped by partners such as industry leader Taiwan Semiconductor Manufacturing Co, reported pre-tax profit of 94.2 million pounds ($161 million) on revenue also up 9 percent to 187.1 million pounds, both beating analysts’ expectations.
(Reuters) – The Vatican has become enmeshed in a struggle between Hewlett-Packard Co (HPQ.N: Quote, Profile, Research) and Michael Lynch, the former CEO of the UK software company Autonomy Corp bought by HP in 2011 in a deal that led to a big loss for the U.S. technology giant.
An argument over the proposed use of Autonomy’s software to help digitise the Vatican’s library potentially lends support to HP’s accusation that Autonomy booked sales even when the intended end user had not decided to buy the software.
(Reuters) – The Vatican has become enmeshed in a struggle between Hewlett-Packard Co and Michael Lynch, the former CEO of the UK software company Autonomy Corp bought by HP in 2011 in a deal that led to a big loss for the U.S. technology giant.
An argument over the proposed use of Autonomy’s software to help digitize the Vatican’s library potentially lends support to HP’s accusation that Autonomy booked sales even when the intended end user had not decided to buy the software.
LONDON (Reuters) – U.S. drugmaker AbbVie (ABBV.N: Quote, Profile, Research, Stock Buzz) bought Dublin-based Shire (SHP.L: Quote, Profile, Research, Stock Buzz) on Friday in a 32 billion-pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.
The London-listed company, which makes expensive medicines to treat rare diseases, fought off four earlier bids from AbbVie until the U.S. firm raised its price to 52.48 pounds per share – made up of 24.44 pounds in cash and 0.8960 new AbbVie shares.
LONDON, July 3 (Reuters) – British infrastructure group
Balfour Beatty said it would take another 35 million
pound ($60 million) hit to profits after trading in its
mechanical and electrical engineering division deteriorated.
Shares in the group opened down 16 percent at a more than
five-year low after the unscheduled warning, which came two
months after its last profit downgrade that resulted in its
chief executive stepping down.
LONDON, July 2 (Reuters) – Sports Direct’s Mike
Ashley could be in line for a multi-million pound payout from
the retailer he founded after shareholders backed a
controversial bonus scheme at the fourth time of asking.
Ashley, who owns 58 percent of the firm, receives no salary
or other bonus and did not vote on the scheme himself.
LONDON, July 2 (Reuters) – Video search and ad group Blinkx
Plc cut its profit expectations on Wednesday, blaming
industry-wide concerns about the effectiveness of some kinds of
Internet advertising, compounded by a critical blog about the
Shares in the British group, which were already trading at
less than half the level they were before the blog in January,
plunged more than 40 percent to a two-year low. They were
trading down 37 percent at 38.5 pence at 0748 GMT.
PILTON England (Reuters) – Revellers enjoyed plenty of mood enhancement along with the music at the Glastonbury Festival, but this year any euphoria was less likely to be fueled by so-called “legal highs” after organizers took a stand against them.
Glastonbury, which attracts more than 135,000 people, joined with other festivals earlier this year to ban the drugs, which mimic the effect of illegal drugs like Ecstasy, LSD and cannabis but are legal and have in the past been sold openly at stalls.