IBM earnings: Share price slumps 4pc as revenue falls for thirteenth consecutive quarter July 20, 2015 The figures IBM reported quarterly earnings that beat analysts’ estimates, but their revenues fell short of expectations, dropping for the thirteenth consecutive quarter. The tech giant reported $20.81bn in sales, down 14.7 per cent over the year and lower than expectations of 20.9bn. Adjusted earnings came in at $3.84 a share, just beating forecasts of [...]
S&P 500 Index rises to record close boosted by corporate earnings beating expectations July 20, 2015 Wall Street was up this afternoon, with Standard & Poor’s 500 Index beating its all-time high close, rising 0.2 per cent to close at 2,130.85. These buoyant figures beat out the previous record close set two months ago, and are boosted by corporate results beating analysts’ forecasts. Commodities were down, with gold prices plunging to [...]
Adulterers beware: 40m users of cheating website Ashley Madison hacked July 20, 2015 Hackers are threatening to reveal the details of millions of users of the extramarital dating website Ashley Madison, which is soon to embark on a multimillion-pound float in London. A cache of date stolen from the site, which is owned by Canadian company Avid Life Media, includes databases and financial information. Avid said it was [...]
Apple earnings: Here’s what to expect after the Apple Watch launch and record iPhone 6 sales in third quarter results July 20, 2015 The world’s most valuable company looks set for another strong quarter, as blockbuster iPhone 6 sales, particularly in China, continue to boost its growth. Apple smashed analysts’ expectations last quarter, with its best second quarter results ever. Sales reaching $58bn and a net profit of $13.6bn caused the tech giant’s share price to soar 38 [...]
Toshiba overstated its profits by billions, independent review finds July 20, 2015 Toshiba overstated its profits by 151.8bn yen ($0.8bn) over several years with the knowledge of senior executives. That's the findings of an independent review of goings on at the firm which was launched in April to identify irregularities in its accounting and is around three times the figure which had been expected. It's likely the [...]
Lockheed Martin buys United Tech’s Sikorsky for $9bn July 20, 2015 Lockheed Martin has confirmed reports that it has bought the maker of the Black Hawk helicopter Sikorsky from United Tech in a deal worth $9bn. United Technologies said last month that it planned to sell off Sikorsky, with Lockheed the front-runner to pick it up. The deal adds the Black Hawk helicopter, favoured by the US [...]
Taser finds UK electrifying with $4m deal for distributor TSR July 20, 2015 Taser, the US firm which makes the namesake devices used by law enforcement, has bought a British distributor of the non-lethal weapon. The Nasdaq-listed company has acquired Daventry-based Tactical Safety Responses (TSR) which distributes the Taser as well as body cameras in the UK, for a reported $4m (£2.5m). Staff and services will remain the [...]
Sofa so good: Made.com bags £40m from Partech Ventures and Fidelity Growth Partners July 20, 2015 Online retailer Made.com, which sells plush furniture at cheaper prices than on the high street, has bagged millions of pounds in new investment to fuel growth. The five-year-old company, co-founded by Brent Hoberman of Lastminute.com fame, has picked up a new round of investment totalling £38m led by Partech Growth Fund, along with Fidelity Growth [...]
Rolls-Royce secures two aerospace contracts worth over £1bn July 20, 2015 After a rocky few months in which its share price has plummeted, Rolls-Royce delivered some positive news to investors with the announcement of two new corporate contracts together worth over £1bn. Read more: Rolls-Royce share prices down 8pc following profit warning Rolls-Royce's share price rose just under one per cent in early trading after it announced [...]
Standard Chartered share price rises as Bill Winters confirms management shakeup July 20, 2015 New chief executive Bill Winters has barely been at the helm of Standard Chartered a month, but he's already made his presence felt after the bank confirmed a shakeup of its management team this morning. Read more: Challenge set for Winters on day one at StanChart Shares in the bank rose one per cent to 1,027.3p [...]
