You are here: Home - Investing -

Friday newspaper round-up: EU exit, Asda, Dell…

Written by:
CBI chief warns over EU exit; Asda to launch app to gather customer data; Dell profits fall.

The head of the Confederation of British Industry has warned about the risks of Britain quitting the EU, saying that the Conservative party’s desire for a referendum on the issue has been a “distraction from securing growth and jobs, which have to be the UK’s top priority”, reports The Guardian.

Asda shoppers will be able to scan their groceries with a smartphone application that will help the grocer cut costs and gather customer data,” says The Times. The paper writes that the UK’s second-largest supermarket chain is to begin testing the app this year, allowing shoppers to scan their items as they fill their trolleys.

Quarterly earnings at Dell missed Wall Street forecasts last night as the PC maker cut prices in an effort to stop its falling market share, according to the Financial Times. The company reported a better-than-expected $14.1bn in first-quarter revenues, though this was down on last year. Meanwhile, earnings per share of 21 cents came in well below the 34 cents prediction.

The Telegraph says: “The Public Accounts Committee cited evidence from whistleblowers who alleged that Google staff in London were much more involved in sales than merely supporting the search giant’s Dublin operation.” Google claims that its small UK tax bill was justified because its British subsidiary does not carry out transactions.

The Independent reports that Virgin Atlantic registered a £93m loss for its financial year ended March, the second straight year in the red, with the airline blaming the Olympics for “severely denting demand for business travel”.


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week