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BUSINESS

Royal Mail earnings hit by declining letters business

Digital Desk -
Royal Mail said it saw a “resilient” first half despite reporting a drop in earnings as ongoing falls in the numbers of letters being...
BUSINESS

M&S boosted as profits overshadow clothing woes

Digital Desk -
Shares at Marks & Spencer were on the front foot after the retail giant unveiled a better-than-expected rise in half-year profits, but saw a...
BUSINESS

Shell blames cancelled projects and lower prices for $6bn loss

Digital Desk -
Royal Dutch Shell has unveiled a US$6.1bn loss in the third quarter as a result of cancelled projects and lower oil and gas prices. The...
BUSINESS

Apple boss Tim Cook hails results as ‘most successful year ever’

Digital Desk -
Apple sold 48 million iPhones in the last three months – slightly lower than analysts expected, but the company still recorded a profit of...
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...
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