July 13

Groupon profits rise as revenues beat forecasts

first_img Groupon profits rise as revenues beat forecasts Thursday 30 October 2014 8:38 pm Tags: NULL whatsapp Deals company Groupon yesterday announced that it had beat estimates on its third-quarter earnings, reporting a profit of three cents a share on $757.1m (£473m) in revenue for the period ended 30 September. Wall Street had expected earnings of one cent a share on $749m in sales. The news represents a rebound for Groupon, which missed analysts’ revenue estimates last quarter.Groupon was forced to cut its forecasts for the fourth quarter, however. The company predicts revenue between $875m and $925m and earnings before interest, taxes, depreci­ation, and amortisation (Ebitda) between $80m and $100m during the current quarter. Analysts were expecting fourth-quarter revenue of around $928m and adjusted Ebitda at $111m. The company’s latest results follow three straight quarters in which Groupon has lowered quarterly or annual guidance. After Groupon’s second-quarter earnings, the stock dropped more than 15 per cent on news that it had lowered its outlook for 2014 Ebitda, a key measure of a company’s actual financial performance.Groupon has been trying to reach consumers and is turning to places outside of the email inbox to do so. Consumers are inundated with spam and promotional emails that draw attention away from Groupon’s messages, and now the company is creating Yelp-like business pages for companies in the hope that consumers will find deals there. Joseph Millis Share Show Comments ▼ Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap whatsapplast_img read more

July 13

Balfour Beatty completes $1.24bn sale of Parsons Brinckerhoff to WSP Global

first_imgFriday 31 October 2014 11:10 am whatsapp Lynsey Barber More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com whatsapp Show Comments ▼center_img Tags: Balfour Beatty Company by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week Balfour Beatty completes $1.24bn sale of Parsons Brinckerhoff to WSP Global Balfour Beatty has completed the sale of its design arm Parsons Brinckerhoff to Canadian firm WSP Global for $1.24bn (£753m).The deal, which derailed merger talks between the construction firm and Carillion, gained shareholder approval earlier this week. Balfour Beatty expects to spend the proceeds on returning £200m to shareholders through a share buyback programme and £85m on reducing the group’s pension deficit. The remaining money will be added to the company’s books “to ensure a strong balance sheet and provide increased financial flexibility.”Executive chairman Steve Marshall had this to say: “This sale represents a significant return on Balfour Beatty’s investment and a compelling level of value creation for shareholders. Following the sale, Balfour Beatty will be a simplified and more focused group.  It has leading positions in the UK and US construction and infrastructure markets, all supported by a strong balance sheet.  Leo Quinn joins as group chief executive in the New Year to take the group forward and to drive shareholder value.”The firm said it would continue to have a turnover of £8bn after the sale of Parsons, which it picked up in 2009 for £382m.Balfour Beatty’s share price ticked up nearly half a per cent at pixel time in afternoon trading. Sharelast_img read more

July 13

City Moves for 11 November 2014 | Who’s switching jobs

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Show Comments ▼ RSAIan Hood has been promoted to the newly-created role of group chief digital officer at the insurer. He was most recently digital and multi-channel director at RSA, and has also held senior positions at MORE TH>N, Swiftcover, and Direct Line.Deutsche BankJP Rangaswami has been appointed chief data officer at the bank. Based in London, he joins in January 2015 from Salesforce, where he has been chief scientist since 2010. Rangaswami has previously held senior positions at BT and Dresdner Kleinwort Wasserstein.Westhouse Securities The corporate and institutional broking and advisory group has appointed Mark Brown as executive chairman. He was previously chief executive of Collins Stewart Hawkpoint, and has also held senior positions at ABN Amro, HSBC, and Arbuthnot Securities.Investec Wealth & InvestmentThe wealth and investment management firm has announced three appointments from UBS Wealth Management. Mike Winson was an executive director at UBS, and has also held senior positions at HSBC Investment Management and Carr Sheppards Crosthwaite. Andy Little was also an executive director at UBS, and has previously held roles at Coutts & Co. Finally, Teasie Glass was an associate director at UBS Wealth Management.EvershedsMatthew Kelly has been appointed employment partner in the law firm’s education employment team. He joins from Thomas Eggar, and advises further education colleges, higher education institutions and academies on employment and governance issues.Exotix PartnersJakob Christensen has been appointed director and senior economist at the frontier, emerging market, and iliquid debt merchant bank. He joins from the European Commission, where he was a senior economist. Christensen has also held senior positions at the European Central Bank, Denmark’s central bank, and the IMF.NOW: PensionsLouise Fulford has been appointed head of administration at the multi-employer trust. She joins from JLT, where she was senior client relationship manager and head of administration.To appear in CITYMOVES please email your career updates and pictures to [email protected] Monday 10 November 2014 8:01 pm City Moves for 11 November 2014 | Who’s switching jobs Sharecenter_img whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tom Welsh Tags: NULLlast_img read more

July 13

Serco share price plummets after profit warning

first_img Caitlin Morrison by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesTop 10 Date Night In Movies & Films Of All Time10 Amazing RVs You Won’t Want To Miss8 Surprisingly Simple Ways to Keep Your Liver Healthyby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Serco share price plummets after profit warning whatsapp Share Monday 10 November 2014 8:34 pm Outsourcing firm Serco sent share prices tumbling by almost 33 per cent yesterday, after issuing a profit warning and revealing that it was seeking to raise up to £550m with a rights issue in the first quarter of 2015.  The company announced that its forecast profit for 2014 had been reduced by approximately £20m, now expected to come in at between £130m and £140m. The firm previously announced a profit warning in April of this year, when the board stated that it expected to report a profit of £170m. This was already significantly reduced from the projected range of £220m to £250m profit reported at the time of Serco’s 2013 results. Serco also stated yesterday that contract and balance-sheet reviews had identified likely impairments and onerous contracts totalling around £1.5bn, and said the company is to hold discussions with lenders to negotiate amendments to covenants in place. Rupert Soames, group chief executive, undertook a strategic review of the entire company when he joined the business in May. He stated that Serco had made “rapid progress” with this review in recent weeks.  Soames described yesterday’s ann­ouncement as a “bitter pill”, but added: “It is better for all concerned that we swallow it now and establish a really solid foundation on which to build Serco’s future. “As might be expected, the contract and balance-sheet reviews have encouraged much turning over of stones, and reflects our changing strategy and the latest view of the challenges we face on a few large contracts. These challenges, together with a less pronounced improvement in trading in our second half than we expected, have led us to a more cautious view of 2014 and 2015.” Soames said that Serco’s direction for the future was “clear” – as an international business to government company focusing on justice and im­m­igration, defence, transport, citizen services and healthcare. He commented: “There are a tough couple of years ahead as we make this transition, but it will be worth it.” FACING UP TO PAST MISTAKES■ Serco said it had come to the conclusion that the firm had made “two strategic mis-steps” in recent years. The first was making significant additions to its portfolio, “often into areas that required very different skills”, which had led it to lose “some of its focus” and diluted its operational expertise. ■ The second mistake Serco admitted to was concentrating too much on winning new business with the result that it was now tied in to a number of contracts which are “making large losses”.  ■ Contract reviews have highlighted a “substantial increase in the level of onerous contract provisions”. BEHIND THE DEALANDREW TUSA | BANK OF AMERICA MERRILL LYNCH 1 Andrew Tusa, director corporate broking Europe at Bank of America Merrill Lynch, is advising on Serco’s rights issue. 2 Tusa joined the bank in 2005, and is currently based in its London office. He previously spent nine years at Deutsche Bank, where he was head of corporate governance. 3 He was also chairman of the Financial Services Authority’s Listing Authority Advisory Committee, and served on the steering group of the Financial Reporting Council. Also advising…Tusa has previously advised on placings made by mining firm Centamin and property developer RedRow. In addition he led the team advising on Halford’s £73.2m purchase of Nationwide Autocentres, and worked on Kesa Electrical’s disposal of Comet Group.  whatsapp Show Comments ▼ Tags: Company Serco Grouplast_img read more

July 13

Report: UK needs 300,000 new homes each year but red tape prevents house building

first_imgTuesday 11 November 2014 8:34 pm whatsapp Tags: UK house prices Report: UK needs 300,000 new homes each year but red tape prevents house building Share Red tape is preventing house builders from matching growing demand, a new report says today.An extra 50,000 new homes a year are being prevented by rules and regulations, according to the paper published by think tank Policy Exchange.Last year, just 112,000 homes were built and the average over the past 10 years has been 137,000 a year.Currently, housing associations build 50,000 homes every year. The paper ex­pects that number to increase to 100,000 if they had more freedom from the regulator, the Homes and Comm­unities Agency (HCA), as well as local authorities.Under a plan suggested by the report, housing associations could opt-out (or buy-out) their historical government grant that binds them to certain rules. Housing associations would then be allowed to sell off expensive social homes to build more new affordable homes without needing HCA permission. Allowing them to set their own rent policy instead of having a number of different rents for similar properties as dictated by government would also encourage building, it says.The report predicts that the housing waiting list would fall from its current level of 1.7m households as a result of these changes.“We are in the midst of a serious and growing housing problem. Nowhere near enough homes are being built. Only by building 300,000 new homes every year are we going to come close to meeting growing dem­and” said Chris Walker, author of the report. Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼last_img read more

July 13

Sainsbury’s to slash prices as profits plunge

first_imgWednesday 12 November 2014 9:43 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoYahoo! SearchSearch For Car Donation For CharitiesYahoo! SearchUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo Kasmira Jefford More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share center_img Show Comments ▼ SAINSBURY’S boss Mike Coupe said yesterday that the retailer was “taking the fight to the enemy” as he unveiled plans to cut costs and its dividend to fund a £150m price offensive against its discount supermarket rivals. The grocer’s nine-year run of uninterrupted sales growth came to a grinding halt this year as changing shopping habits and competition from German discounters Aldi and Lidl finally caught up with the group.It plunged to a £290m loss in the six months to 27 September compared with a £443m profit last year after booking a £665m exceptional charge, mainly due to a writedown on its property portfolio.Coupe, who succeeded Justin King as chief executive in July, said Sains­bury’s would spend £150m on cutting prices of everyday products such as nappies over the next 12 months, warning that profits would be lower in the second half than in the first. This will be funded by £500m savings over the next three years and a reduction in capital expenditure to £500m-£550m a year from £888m last year. “We absolutely have made sure that we’ve got the cash resources to deal with whatever scenarios that we can envisage in the market,” Coupe said. The retailer said around 25 per cent of its estate would be “under-utilised” over the next five years and it planned giving more space in its stores to clothing and concessions such as Jessops. whatsapp Sainsbury’s to slash prices as profits plunge Tags: Company Sainsbury (J)last_img read more

July 13

FTSE weighed down by poor Chinese data – London Report

first_img whatsapp Share BRITAIN’S top share index yesterday fell for a second day, hit by weak economic data from the Eurozone and China and a profit warning from energy supplier Centrica.The blue chip FTSE 100 index closed 0.3 per cent lower at 6,678.90 points, extending its retreat from an eightweek high reached on the previous day.Centrica, Britain’s largest energy supplier, fell 1.6 per cent to 293.90p in brisk volume, after it cut its full-year earnings outlook on the back of a steep drop in energy demand due to mild weather and the extended outage of two nuclear power plants.On the upside, the world’s largest autocatalyst maker Johnson Matthey rose six per cent to 3,341p, after posting a small increase in half-year profits thanks to strong sales, and lifting its profit forecast for the year.British engineering and support services firm Babcock rose 5.9 per cent to 1,184p, after reaffirming its full-year profit outlook and raising its dividend following a 32 per cent rise in underlying first-half pre-tax profit.Broadcaster ITV fell 1.4 per cent to 202p in late trade after Europe’s leading cable operator Liberty Global said it had no plans to bid for the British firm.The industrial metals and mining indexes dropped 2.7 per cent and 2.2 per cent, respectively, after a private survey showed growth in China’s factory sector stalled in November. China is the world’s biggest metals consumer.“It’s not surprising that the market is reacting to weak commodity prices and disappointing Chinese data,” said Henk Potts, director of global research at Barclays.“China has been the key influence in commodity markets over the course of the past 15 to 20 years, but the country is slowly going through a transition, moving away from being a manufacturing powerhouse.Its influence on commodity markets is likely to diminish.”Global miners were particularly hit hard. Rio Tinto fell 2.62 per cent to 2,865p, Anglo American slipped 2.23 per cent and BHP Billiton declined 2.62 per cent to 1,582.50p.IT group Outsourcery has soared 46.34 per cent to 15p, after unveiling a deal with Microsoft.The company, whose co-chief executive is Dragons’ Den star Piers Linney, said it was participating in the Microsoft cloud solution-provider programme to resell and bill Office 365. Express KCS whatsapp Thursday 20 November 2014 8:25 pm FTSE weighed down by poor Chinese data – London Report Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo Show Comments ▼ Tags: NULLlast_img read more

July 13

Carpetright shares soar 12 per cent as sales rise

first_imgImproving economic sentiment lifted sales at Carpet right and its shares have soared by more than 12 per cent today. The figuresCarpetright — the retailer which kits out homes with carpets, rugs and flooring — said group revenues rose 2.6 per cent to £227.9m for the six months to the end of October, up from £222.2m in the same period last year. The company said that UK revenue rose 5 per cent but this was dragged down by a weaker performance in Europe where revenue fell 9.4 per cent.Why it’s interesting Carpetright has contended with profit warnings as well as the unexpected departure of its chief executive in recent years so these results are something of a turnaround.The company said “[in the UK] improving economic data has begun to feed through into consumer confidence and this is being reflected in consumer spending in our categories.”Nonetheless its outlook did flag potential pitfalls in relation to political and economic developments in the UK and Europe more generally. In May the UK will go to the polls amid an increasingly fragmented mainstream political scene. Additionally, there first signs of a cooling in its once-hot housing market are beginning to emerge. Beyond this, the Eurozone is facing something of an economic quagmire, with dangerously low inflation rates and anaemic economic growth.What Carpetright saidWilf Walsh, chief executive, said:We believe that, with a well researched and well executed strategy, we can begin to reshape Carpetright to ensure the business fully capitalises on its market leading position.These changes will take time to take full effect but we are absolutely focused on maintaining the recent improvements in the performance of the Group, as well as devoting our energies to revitalising our brand and operations in line with contemporary customer expectations.As a team we are excited by the potential that exists and are concentrating hard on executive of this new strategy as we enter 2015.In shortAfter struggling since the global financial crisis Carpetright could finally out of the woods as it looks to revitalise its brand in the new year.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULL whatsapp Monday 15 December 2014 11:23 am whatsapp Carpetright shares soar 12 per cent as sales rise center_img Share Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Jessica Morris last_img read more

July 13

Make mine a double

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Make mine a double Wednesday 14 January 2015 8:29 pm Express KCS Show Comments ▼ Share Tags: NULL whatsapp Pub landlord to stand in Farage’s target seatNIGEL Farage has welcomed comedian Al Murray into the battle for the South Thanet seat in May’s general election, tweeting “the more the merrier,” after Murray announced his intention to run. Murray, or The Pub Landlord to give him his stage name, has announced he will stand for election as leader of the Free United Kingdom Party (FUKP). last_img read more

July 13

Shazam joins billion dollar startup club after $30m funding round

first_img whatsapp Shazam joins billion dollar startup club after $30m funding round Wednesday 21 January 2015 2:08 am Tags: Startups Tech City Share whatsapp Lynsey Barber Music recognition service Shazam has closed a $30m (£19.8m) round of investment valuing the London-based firm at over $1bn (£659m).It makes Shazam one of just a handful of tech startups to emerge from the UK with a $1bn price tag attached. The new investment will be used to expand the service into new markets and further develop its technology. The app, which counts 100m active monthly users, helps people identify songs being played around them, and in TV shows and adverts.“We are delighted to welcome our new investors as we further strengthen our balance sheet and continue to effectively execute on our corporate strategy,” said executive chairman Andrew Fisher.The new funding round is likely to fuel speculation of the eventual timing of the company’s IPO which chief executive Rich Riley has previously discussed.“We’re excited to continue to focus on user growth and engagement, building on our strength in music and innovating to increase the universe of what is Shazamable in order to realize the enormous potential of Shazam,” said Riley “Our move into multiple new environments in 2014 has allowed our users to connect to more aspects of their world while enabling our partners and advertisers to reach our massive and engaged user base like never before.”Investors in Shazam include Mexican billionaire Carlos Slim, Kleiner Perkins Caufield & Byers and Institutional Venture Partners. The latest round of investors has not been revealed.Just four other tech startups have emerged from the UK with a valuation over the $1bn mark, according to research by Atomico based on companies founded after 2003: money lender Wonga, mobile banking provider Monitise, property website Zoopla and commerce firm Powa Technologies.Other firms classed as billion-dollar startups include online retailer Asos, gaming firm King, property website Rightmove and takeaway ordering app Just Eat among those to have emerged from the UK, according to tech investment firm GP Bullhound.Update: Shazam is the fifth billion-dollar startup to emerge from the UK based on Atomico’s research. Other businesses in the UK can also be considered billion-dollar startups according to other research methodology and the story has been updated to reflect this. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplementlast_img read more