Archive for the 'Financials' Category

AlertMe Raise £8m Funding

Today we’ve had notice that AlertMe, a UK company that develops and sells alarm systems, has raised £8m in series B funding. Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners were the investors.

Nortel Files For Chapter 11

Wowser. Nortel, (ex-?)networking giant, have filed for Chapter 11 due to financial difficulties. In their words … Nortel made this decision with the unanimous authorization of its Board of Directors after thorough consultation with its advisors and extensive consideration of all other alternatives. This process will allow Nortel to deal decisively with its cost and [...]

Kevin Rose: Pioneering the Downturn As Well?

It’s interesting how a couple of months can change the view you hold of a collection of companies. These in particular center around Kevin Rose and the companies that he has an involvement in – Digg, Revision3 and Pownce. It’s not long ago – back in March 08 – that there were rumours that Digg [...]

Sky UK Raising $600m In Private Bond Issue

We’ve just had notice that the UK side of Sky’s operation, British Sky Broadcasting Group plc, are raising around $600 million through a private Bond issue. They’ll be paying 9.5% interest, it will mature in 2018 and they hope it to close on or about 24 November 2008. The full statement is below.

Google News Generated $100m Year

Marissa Mayer, the acceptable face to Google’s tech dork-ery, appears to have slipped up somewhat. She let it out that Google News — one of the only areas of Google that doesn’t have advertising on — generates them around $100 million a year in referrals to main Google, from the 47 million people a month [...]

Vodafone To Buy Back £1Bn Shares

Vodafone Board feels that their shares are undervalued at present, so to build the share price up again, they’ve just sanctioned the self-purchase of up to £1 Billion of their own shares. The publication of this decision comes the day after a Vodafone’s shared dropped almost 14% over the day, the largest single-day drop in [...]

Q1 Google Result: Income Up 42%

Google’s Q1 2008 results have been published with their income up 42% compared with Q1 2007. The result include the purchase of online advertising company DoubleClick, although Google state that this was “immaterial to income.”

Sky Files First Loss for Six Years

The interim results for UK satellite broadcaster Sky have been announced, with a £36 million pre-tax loss showing for the six-month period ending 31 December – its first loss for six years. Balanced against the financial loss was otherwise positive news, like their ARPU raising to a record £421 per subscriber, an increase in subscribers [...]

Palm Increases Smartphone Sales, But Profits Slide

No smiles at Palm as the company posts a net loss of $840,000.

Vodafone Launches Mobile Banking

New service lets mobile punters check their bank balances on the move.