Google has stepped further into the price comparison market with a new service to compare car insurance quotes from around 120 insurers. The search giant is using its technology to make sure its own service is top of the list of results when internet users type ‘car insurance’ into the Google search engine. Digital marketing [...]
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
Online search giant Yahoo has confirmed it will reduce its headcount by 4% - or 600 people, as part of a cost-cutting exercise. The job losses represent the fourth round of staff cuts that the company has made in three years, as it endeavours to cut costs and increase profits. The company’s revenues have grown [...]
Microsoft, the world’s largest software company, has announced its profits for the April to June period and has exceeded analysts expectations. The company said profits hit $4.52 billion (£2.96 billion) for the second quarter - a rise of 48% compared with the same period a year earlier. The software giant, which released the Windows 7 [...]
Online search giant Yahoo has published its second quarter results which disappointed the market, sending its shares diving more than 7%. Profits at the company grew by more than 50% in the quarter, but net revenues missed expectations. Revenue in the three months ending June 30 totalled $1.6 billion (£1.05 billion), compared with $1.57 billion [...]
US search engine giant, Google, has reported second quarter net profit of $1.84 billion (£1.2 billion) - a rise of 24% on the $1.48 billion reported in the same period a year earlier. Meanwhile, revenue for the three months ending June came in at $6.82 billion - also a sharp rise on the $5.52 billion [...]
Google has secretly invested over $100 million in online gaming company Zynga, it has emerged. If the reports are true, the investment represent’s the search engine giant’s first major foray into web gaming. Zynga is responsible for some of the best-known online games, including Farmville and Mafia Wars on social networking site Facebook. The investment [...]
US search engine giant, Google, said revenues surged 23% in the first quarter of 2010 to $6.77 billion, compared with $5.51 billion in the same period a year ago - the greatest revenue growth since the third quarter of 2008. Net income soared 37% to $1.96 billion on $6.06 per share from $1.42 billion on [...]
The 10-year search and advertising deal between Microsoft and Yahoo has been approved today by both the US Department of Justice and the European Commission. Both companies said they plan to begin the tie-up in the next few days and the deal will be finalised by early 2012. The deal, which was agreed in July [...]
Microsoft, the world’s largest software company, has announced its profits for the October to December period and has exceeded analysts expectations. The software giant, which released the Windows 7 operating system in October, said net profit came in at $6.66 billion (£4.13 billion) for the three months to 31 December 2009, compared with the $4.18 [...]
Online search giant Yahoo has posted strong quarter four profits but said sales continue to decline. The company said net profit in the October to December period was $153 million (£95 million) compared with a $303 million loss in the same period in 2008. However, revenue was down 4% to $1.7 billion in the quarter [...]
US search engine giant, Google, said revenues rose 17% in the fourth quarter 2009 compared with the same period a year ago. Advertising earnings were higher at the company with revenues totalling $6.67 billion (£4 billion) in the October to December period - up from $5.7 billion a year ago. However, the figures were at [...]
Google is said to be developing plans to launch a property portal in the UK that would compete with Rightmove. According to a report in the Financial Times, talks are progressing with estate agents and listings on the new site could be free, unlike Rightmove’s, with revenues generated from advertising. Rightmove currently operates the UK’s [...]
Microsoft, the world’s largest software company, has today announced its profits for the July to September period and has exceeded analysts expectations, which led to an 8% rise in its shares in pre-market trading to $28.68. The software giant, which released its new Windows 7 operating system yesterday, said net profit came in at $3.57 [...]
Online search giant Yahoo has posted its quarter three profits today and exceeded analysts expectations, suggesting that advertisers are spending again. Yahoo said it earned $186 million (£113.6 million) in the July to September period, more than treble the $54 million earned in the same period of 2008. Since chief executive Carol Bartz took over [...]
Internet search giant Google believes the worst of the recession is over after it posted a rise in third quarter profits. Google’s results suggest that the demand for online advertising is growing after the company reported net profit of $1.64 billion (£1 billion) during the 3-month period - a 27% increase compared with the same [...]
US internet search company Google has exceeded market expectations by reporting strong second quarterly results, despite the economic turmoil. The company reported profit of $1.4 billion (£851 million) compared with $1.25 billion in the same quarter a year ago. Meanwhile, revenue rose 3% for the period at $5.52 billion with 53% from outside the US. [...]
The BrandZ Top 100 survey, conducted by market research consultancy Millward Brown, has found Google to be the at the top spot of the Most Valuable Brands table. Google, the search engine giant, has become the first $100bn name and 6 of the top 100 are UK brands with Vodafone in the top 10. The [...]
The fall in advertising revenue has resulted in the first drop in quarterly sales for the first time since its incorporating as a public listed company. The recession has had an impact on slower profits and sales, as users of the search engine are not clicking on ads as often. As a result, sales in [...]
Bank of England optimistic for economic growth
Sir Mervyn King, the governor of the Bank of England, expects the UK economy to return to growth in the next quarter, marking an end to the double-dip recession. Speaking on Channel 4 News, Sir Mervyn warned that recovery would be slow and said that the continuing crisis in the eurozone creates uncertainty for British [...]
Shelter calls for greater security for tenants
Housing charity Shelter is calling for landlords to offer Stable Rent Contracts, which would give families the confidence to turn a rented property into a home. Stable Rent Contracts, which would offer five-year tenancies, would also give landlords the security of a steady income, the charity said. Rents would increase in line with inflation each [...]
Doctors call for action on bogus whiplash claims
Around nine out of ten doctors want the government to clamp down on bogus whiplash claims made by motorists, according to research by insurance group AXA. Seven per cent of the doctors polled by AXA had been offered money to refer patients with whiplash injuries. Twenty-two per cent of the doctors said the number of [...]
EU gender rules bring mixed blessings for women
New EU rules, due to take effect on 21 December, are expected to lead to a substantial increase in the cost of car insurance for female drivers, but could benefit female pensioners. In 2011, the European Court of Justice in Luxembourg ruled that setting insurance premiums or pensions based on gender was discriminatory and breached [...]
Allow launches social media insurance
Allow Ltd, a London-based company focused on helping people protect the privacy of their personal data, has launched the UK’s first social media insurance for consumers. The firm offers services to deal with social media account hacking, reputational damage and other types of ID theft. With Facebook accounts being hacked at a rate of 600,000 [...]
Which? calls for Big Change to bank culture
Consumer watchdog Which? has launched a new campaign calling for banks to put customers first. The ‘Big Change’ campaign will put pressure on the banking sector to focus less on profits and more on the services they offer. Its launch precedes a meeting of the Parliamentary Commission on Banking Standards in December, which will consider [...]
UK house prices grew at their fastest rate in London in the year to the end of July, according to the latest House Price Index from the Office for National Statistics (ONS). While house prices increased by 5.7 per cent in the capital, they increased by just 2 per cent in the rest of the [...]
Inflation falls to 2.5 per cent
Inflation fell to 2.5 per cent in August, from 2.6 per cent in the previous month, as measured by the Consumer Prices Index (CPI). The latest official figures from the Office of National Statistics also show that inflation also fell on the Retail Prices Index (RPI) measure, from 3.2 per cent in July to 2.9 [...]
Co-op stops offering bank accounts to bankrupt customers
Despite its commitment to ethical business practices the Co-op has stopped offering bank accounts to people who are undischarged bankrupts. Bankrupts are usually automatically discharged from bankruptcy after 12 months and are then freed from bankruptcy restrictions and from the debts owed. People who are undischarged bankrupts will have access only to Barclays’ Cash Card [...]
Banks refusing to cancel pay-day loan payments
The BBC has reported that some banks are refusing to cancel payments to payday loan companies when asked to do so by their customers. Bank customers have a legal right to cancel payments from their accounts under the 2009 Payment Services Directive. However some banks believe that they do not have to cancel certain types [...]
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