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Profit doubles at Aldermore bank

2015-02-17 13:40:49| BBC News | Business | UK Edition

Profits double at newcomer bank Aldermore as it picks up customers from bigger rivals.

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Bharti Airtel doubles quarterly net profit, sales up 6%

2015-02-04 13:29:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal third quarter to December up 5.8 percent year-on-year to INR 232.2 billion (USD 3.75 billion). EBITDA rose a faster 9.6 percent to INR 77.9 billion, and the margin improved to 33.5 percent from 32.4 a year ago. Net profit more than doubled, to INR 14.4 billion from INR 6.1 billion. Amid a 60 percent increase in capex for rolling out LTE and expanding 3G in India, operating cash flow fell 23.4 percent to INR 32.8 billion. The mobile customer base increased 3.1 percent compared to September, to 299.71 million. Growth was strongest in Africa, up 4.5 percent to 74.60 million customers, while India grew by 2.6 percent to 217.22 million, and the rest of South Asia rose 2.8 percent to 7.89 million. The broadband customer base was little changed at 3.39 million, and TV subscribers increased by 2.8 percent in the three months to 9.81 million.

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Cloud maturity: AWS leads but Microsoft almost doubles cloud revenue

2015-02-02 19:51:47| IT Services - Topix.net

Amazon Web Services has grown its lead over rival public cloud providers, while Microsoft experienced 96% year-on-year growth in 2014. Analyst Synergy estimated quarterly cloud infrastructure service revenues - including infrastructure as a service , platform as a service, private cloud and hybrid cloud - have reached the $5bn milestone, with trailing 12-month revenues exceeding $16bn.

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Risk of extreme weather 'doubles'

2015-01-26 18:12:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Extreme weather arising from a climate phenomenon in the Pacific Ocean will get much worse as the world warms, according to climate modelling. Parts of the world will have weather patterns that switch between extremes of wet and dry, say scientists. The US will see more droughts while flooding will become more common in the western Pacific, research suggests. The study, in Nature Climate Change, adds to a growing body of evidence over climate change and extreme weather. The latest data...

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LG Uplus almost doubles Q4 net profit

2015-01-23 13:56:00| Telecompaper Headlines

(Telecompaper) South Korean communications provider LG Uplus moved to a fourth-quarter net profit of KRW 85.3 billion versus a net loss of KRW 48.1 billion in the year-ago quarter. However, revenues went down 9 percent year-on-year to KRW 2.68 trillion as service revenues climbed 7.1 percent to KRW 2.09 trillion. Handset revenues plunged 46.7 percent to KRW 470.7 billion. EBITDA jumped 26.9 percent to KRW 590.5 billion, while EBITDA margin rose 6.2 percentage points to 22 percent.

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