Business Secretary Vince Cable has claimed that the Royal Mail is a ‘declining business’ due to the competitive threat posed by email. Speaking to the Today programme, Cable said: “These are good results and lot of that is down to the contribution made by the work force as well as good management. “The big competitive [...]

The FTSE 100 secured its second-highest ever close on Wednesday after it increased by 36.4 points to close at 6840.03 – equating to a gain of 0.5%. The index is closing in on the all-time high of 6930.2 sat at the height of the ‘dotcom boom’

Vodafone’s revenues fell for the first time in eight years following a reduction in European-based revenues due to the difficult trading conditions. The network operator had to cut prices in Europe in order to retain customers, which contributed to an overall 4.4% fall in revenues to £44.4bn. Despite the news, Vodafone’s share price remained relatively [...]

Royal Mail revealed profits of £440m for 2012, more than double the profits recorded in 2011, increasing talk that a Royal Mail IPO will happen this year. The state-owned delivery service benefited from the growing trend of online shopping and a brand revamp. News Source: SkyNews  

Strong performance from Marks and Spencer shares and Capita shares helped the FTSE 100 to add another 48 points and close at 6803.9 on Tuesday. Today’s close of the FTSE 100, marked its fourth highest closing average in history. Marks & Spencer shares rise by 6% despite a fall in annual profits. Capita shares were [...]

Ocado shares are ‘consistently underestimated’ by the city consensus according to Fidelity portfolio manager Tom Ewing. Ewing’s Fidelity UK Growth Fund has a 4% position in Ocado and noted: “The deal with Morrisons announced  is incredibly positive for Ocado.  Beyond the transformational financial implications it demonstrates that Morrisons agree with our view that online will [...]

easyJet shares and RBS shares were the best performing FTSE 100 shares on Monday, with gains of 4% and 4.5% respectively. At the close of business, London’s premier FTSE 100 index finished 32.57 points higher to close at 6,755.63. The FTSE 100′s closing average on Monday was it’s highest closest level since late 2000.

Yahoo has acquired online blogging platform Tumblr for a fee belived to be in the region of $1.1bn, in an all-cash deal. According to website All Things D, the Yahoo board has approved the acquisition. It will be announced offiically on Monday morning the respective website indicates.  

The Formula One (F1) IPO is still on track to be realised during the next 12 months according to reports. The Formula One IPO is due to occur on the Singapore stock exchange, and had previously been planned for June last year. The IPO could value the company at nearly £8bn. News Source: Guardian  

Its been one year since Facebook had its IPO and the WSJ has taken a look at how the key numbers have changed one-year on:  Share Price DOWN 31% Revenue UP 38% Profit UP 7%  Mobile Users UP 54% Daily Active Users UP 26%