Month: January 2020

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BT Group Plc is expecting a 500 million-pound ($650 million) hit over the next five years from the U.K.’s decision to restrict Huawei Technologies Co. in the nation’s broadband infrastructure.Chief Executive Officer Philip Jansen said Thursday the telecommunications company is reviewing the government’s guidance to determine the full impact on its plans. Huawei is one of BT’s biggest suppliers of telecom equipment, and in the U.K. has a 44% market share in full-fiber components.BT shares fell 6.3% at 9:37 a.m. in London …read more […]

(Bloomberg) — The coronavirus death toll rose to 170 and confirmed cases in China soared past 7,700, as the outbreak spread to India and the Philippines for the first time.Asian and European stocks slumped with U.S. futures amid mounting evidence that the outbreak is disrupting China’s economy. Economists have started cutting growth forecasts as authorities tighten travel restrictions and lock down cities, while companies suspend their China operations.With the disease spreading across the globe, the World Health Organization is gathering Thursday to consider issuing a health emergency.Death toll rises to 170, China cases jump to 7,711Bloomberg is tracking the outlook …read more […]

Avast allegedly collected data on what many of its users did online and sent it to its unit, which then offered to sell the information to clients, according to the media reports earlier this week. Jumpshot, which Avast started in 2015, and the company acted “fully within legal bounds” in the years since then, Avast Chief Executive Officer Ondrej Vlcek said in a blog post https://blog.avast.com/a-message-from-ceo-ondrej-vlcek shortly after its trading update on Thursday. Vlcek said the decision to close Jumpshot would affect “hundreds” of employees and was taken after a review that the company did not want continue …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG struggled to boost revenue in two key units and reported a larger-than-expected loss in the fourth quarter, overshadowing trading gains at the investment bank as Chief Executive Officer Christian Sewing seeks to turn around the lender.Germany’s largest bank reported a loss of 1.5 billion euros ($1.65 billion), compared with estimates for 1.04 billion euros, after taking bigger writedowns in the final three months of the year than analysts had anticipated. While trading revenue surged, the transaction bank — at …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Royal Dutch Shell Plc slowed the pace of share buybacks as profit missed expectations, underscoring the pressure on Big Oil due to slumping natural gas prices and weaker refining.The results set a gloomy tone for what is expected to be a broadly weaker set of quarterly results for the industry. The final months of last year saw gas trade at historic lows, while slowing economic growth shrank margins from making fuel and chemicals.The Anglo-Dutch company first warned investors last quarter that it …read more […]

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It said it was looking at “all options” for the business, which achieved annual turnover of 3 billion euros ($3.3 billion). The results cap a tough year for a group that has registered stuttering growth in India and China, two of its biggest emerging markets, and intense competition in North America and Europe, drawing investor scrutiny of strategy under Alan Jope. Reporting results from Jope’s first full year in charge, Unilever said annual turnover grew 2%, while underlying sales gained 2.9%. …read more […]