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Vodafone posts H1 loss on impairment charges, revenues fall 5.5%
2018-11-13 08:25:00| Telecompaper Headlines
(Telecompaper) Vodafone reported a net loss of EUR 7.8 billion for its fiscal first half to September, after a loss on the merger of its Indian operations with Idea Cellular and impairment charges on operations in Spain and Romania. Group revenue declined by 5.5 percent to EUR 21.8 billion, hurt by forex and accounting effects and tougher competition in Spain and Italy. The new CEO Nick Read presented his strategy to return the company to growth, including cost efficiencies, convergence and a possible spin-off of tower assets in Europe.
Qualcomm posts net loss, forecasts fall in next quarter's revenues
2018-11-07 22:57:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a net loss for its fiscal fourth quarter to September, hurt by the USD 2 billion paid to NXP for not completing their merger. Revenues were down 2 percent year-on-year to USD 5.8 billion, in line with the company's guidance and including partial payment of back licensing fees from one major customer. Qualcomm said underlying earnings were better than forecast and it expects to return to growth in adjusted EPS in the current quarter, despite a projected sharp fall in revenue.
Zalando Q3 loss widens as hot summer slows sales growth
2018-11-07 10:25:00| Daily apparel & textile news and comment - from just-style.com
A long and unusually hot summer has been blamed for cooling sales at German fashion e-tailer Zalando, leading to wider losses in the third quarter.
Dundee Michelin tyre factory closes with loss of 850 jobs
2018-11-05 21:35:01| BBC News | Business | UK Edition
Michelin is pulling out of Dundee, which means the city is losing its largest industrial employer.
Tags: jobs
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City's approach to data loss prevention is sound but its practices should be strengthened
2018-11-05 19:40:43| PortlandOnline
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