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BUSINESS

Debenhams boss to step down amid shareholder pressure

Digital Desk -
Debenhams boss Michael Sharp announced plans to step down in 2016 to end speculation over his role at the group amid shareholder pressure for...
BUSINESS

Blackberry endures bigger-than-expected losses

Digital Desk -
Smartphone firm Blackberry posted a bigger-than-expected second-quarter loss on Friday of US$66m, as revenues slumped by 46% to $490m. The Canadian firm has struggled to...
BUSINESS

Chinese currency stable, bank governor insists

Digital Desk -
China’s central bank governor has insisted the yuan is stable, in a bid to dispel fears of more declines following a surprise devaluation that...
BUSINESS

Twitter revenue grows sharply, but user growth stays low

Digital Desk -
Twitter has failed to add users at a quick enough pace for investors in the second quarter, even as revenue grew sharply, feeding concerns...
BUSINESS

Vodafone revenue up almost 1%

Digital Desk -
Mobile phone giant Vodafone said its service revenue grew 0.8% in the first quarter of the year to end of June, compared to a...
BUSINESS

Retail industry on the rise

Digital Desk -
Retail Sales JuneThe retail industry has continued growing for its 27th consecutive month in June 2015, increasing by 4.0% compared with 2014. Majority of...
BUSINESS

Rolls-Royce signs $2.2bn aircraft engine deal

Digital Desk -
Rolls-Royce has announced two new contracts worth a total of $2.2bn two weeks after issuing the latest in a series of profit warnings. Leasing company...
BUSINESS

UK supermarket price war ‘hitting suppliers and farmers

Digital Desk -
Food suppliers and farmers are increasingly being squeezed by the supermarket price war in the UK, according to a new report. The study from Begbies...
FINANCE

Mark Carney: Interest rates could rise at end of year

Digital Desk -
Bank of England governor Mark Carney has suggested that interest rates could begin to rise at the turn of this year. Mr Carney said he...
BUSINESS

M&S clothing division boss quits

Digital Desk -
The head of Marks & Spencer’s beleaguered clothing division has quit after nearly three decades at the retailer. Shares fell today after John Dixon said...
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