News

Finance and Credit

• October 02, 2015 02 Oct'15

  I'm rubber, you're glue: Mike Lynch countersues HP

  Hollywood's most talented writers wouldn't be able to pen such a fascinating story. Now Mike Lynch has filed a counterclaim against HP for more than $150m

• September 30, 2015 30 Sep'15

  Court documents reveal HP execs were concerned over Autonomy deal

  Recent files submitted as part of a class action lawsuit suggest that chairman Ray Lane tried to scupper the ill-fated deal

• September 28, 2015 28 Sep'15

  With more cuts looming CBI calls for more private/public collaboration

  The channel has been helping the public sector trim its sails and deliver digital innovation for years but there is still more that could be done according to the CBI boss

• September 21, 2015 21 Sep'15

  Syscap bolsters channel support and looks for growth

  A few months after it was acquired channel finance specialist Syscap is already investing in the future and increasing the support it can offer resellers

• September 17, 2015 17 Sep'15

  Oracle Q1 misses on revenue, all eyes now on the cloud business

  Oracle continues to place faith in its smallest division, as it misses the mark on revenue due to currency headwinds

• September 15, 2015 15 Sep'15

  Civica: Public sector must step out of an era of data blindness

  Government must make better use of data if it is to deliver much-needed cost savings, claims new Civica report

• September 10, 2015 10 Sep'15

  Box sees huge spike in revenues... and losses (again)

  Box is patting itself on the back after a huge jump in Q2 revenue, but the dream of being in the black is still a long way off

• September 08, 2015 08 Sep'15

  IT must be a central focus if government is to achieve SMB target

  With the government pledging that £1 in every £3 of spending will go to small businesses by 2020, Outsoucery says that IT will need to be front and centre in the war on mega-contracts

• September 07, 2015 07 Sep'15

  Toshiba share price jumps despite posting big losses

  Toshiba has its back against the wall in the wake of the recent accounting scandal, but investors show relief that the company is still alive

• September 02, 2015 02 Sep'15

  Exclusive Group delivers strong H1

  Those who say distribution is on its last legs in the cloud world have been given some pause for thought with the latest revenue numbers from Exclusive Group

• August 28, 2015 28 Aug'15

  Computacenter reports good progress for H1

  With a healthy H1 in the bag, the IT services firm has revised its expectations upwards for the year

• August 26, 2015 26 Aug'15

  MSB funding initiatives could spell good news for the channel

  CBI puts pressure of the government to rebuild MSB funding ladder

• August 26, 2015 26 Aug'15

  Market volatility continues, all eyes now on the Fed

  Turnaround Tuesday turned out to be nothing of the sort. What does this ongoing rout mean for the tech sector?

• August 25, 2015 25 Aug'15

  Channel warned to watch out for fake invoice scam

  Fraudsters are targeting SMEs with a fake invoice scam as they look to gain funds illegally from hard working businesses

• August 25, 2015 25 Aug'15

  Turnaround Tuesday follows Black Monday

  What goes down, must come up - unless you're China. Markets recover following a global rout. What does it all mean for multi-national vendors?

• August 18, 2015 18 Aug'15

  Bitcoin forks into two separate currencies

  With the future of the digital currency on the line, two developers have launched a new version of the Bitcoin software

• August 14, 2015 14 Aug'15

  Government saves the taxpayer £18.6bn in 2014/2015

  Expensive consultants, ink cartridges , employees, pensions - they all add up

• August 12, 2015 12 Aug'15

  CSC and Colt feel the winds of change

  CSC is splitting and Colt has a new owner as the two channel players look to navigate the future

• August 11, 2015 11 Aug'15

  Google shows another way to get back to the ABCs of innovation

  Google's decision to set up a holding company to house its various innovative efforts is yet another take on the current trend by vendors to make life less complicated

• August 04, 2015 04 Aug'15

  Could EMC buy out remaining VMware shares?

  With activist investor, Elliot Management, pushing for a EMC to sell VMware, there is speculation that CEO Joe Tucci may do just the opposite

• August 03, 2015 03 Aug'15

  CDW increases Kelway stake to 100%

  US reseller CDW has increased the stake it holds in Kelway taking over the business completely

• July 31, 2015 31 Jul'15

  Sophos comes out fighting with its first results since floating

  Sophos shows growth in all areas, but can it maintain its current trajectory?

• July 30, 2015 30 Jul'15

  BT Q1 results show strong growth in TV and broadband

  BT has announced that it will return up to £129m to local authorities as fibre adoption rates surge

• July 28, 2015 28 Jul'15

  Chuck Robbins: 'Cisco’s next chapter starts today'

  Less than two days into his tenure as CEO of Cisco, Robbins has brought in fresh blood and started laying out the roadmap for the future of the firm

• July 28, 2015 28 Jul'15

  Exchange rates hit server prices

  Server prices have been hit hardest by the dollar exchange rates according to a review of the market from IDC

• July 24, 2015 24 Jul'15

  High-fives all round as Juniper beats Wall Street's expectations

  The folks at Juniper HQ will be patting themselves on the back, as Q2 results blow expectations out of the water

• July 24, 2015 24 Jul'15

  Channel delivers positive half year report

  With half of 2015 gone things are looking good for the channel with growth being experienced across a wide number of technology areas

• July 23, 2015 23 Jul'15

  VMware posts solid Q2 results, despite DoJ fiasco

  The virtualisation giant keeps investors ticking over with a solid set of results

• July 22, 2015 22 Jul'15

  Apple vs. Microsoft: Quarterly results are in

  Apple reports strong quarter but lack of Apple Watch sales data concerns investors. Microsoft sees worst performing quarter in its 40-year history; yet remains surprisingly upbeat

• July 21, 2015 21 Jul'15

  Big Blue sees 13th consecutive quarter of declining sales

  IBM attempts to sugarcoat what is yet another disappointing quarter

• July 21, 2015 21 Jul'15

  Toshiba boss walks after accounts probe reports findings

  It has taken three months but the findings of an independent panel into accounting irregularities at Toshiba have reported back and led to the departure of the firm's CEO

• July 17, 2015 17 Jul'15

  Daisy completes acquisition of Phoenix IT

  Daisy takes step closer to ambition of becoming a £1 billion unified communications & IT infrastructure managed services business

• July 15, 2015 15 Jul'15

  Are we ready for smart cities?

  The Internet of Things cities demonstrator is now open to applicants, but recent research suggests that city residents are still not clear on the smart city proposition

• July 10, 2015 10 Jul'15

  SME focus shifts from product to process

  Smaller customers are looking to use technology to improve business processes as their spending on hardware and software slows

• July 09, 2015 09 Jul'15

  Tech sector reflects on Summer Budget

  As the dust settles from the first Tory budget in nearly two decades, the tech sector reflects on what it all means

• July 08, 2015 08 Jul'15

  Summer Budget: Osborne announces apprenticeship levy

  Chancellor George Osborne announces new apprenticeship levy scheme for large firms

• July 07, 2015 07 Jul'15

  Samsung issues guidance: another fall in profits on the way

  For a seventh consecutive quarter, the South Koren tech giant will report a fall in operating profit

• July 06, 2015 06 Jul'15

  Wick Hill gets private equity backing for international expansion plans

  Wick Hill is looking to expand across EMEA and move from a two-country model having got the backing of Rigby Private Equity

• July 02, 2015 02 Jul'15

  HP files Form 10: Reveals possible channel setbacks

  HP has taken a significant step towards a split, by filing to make HP Enterprise an independent company

• June 29, 2015 29 Jun'15

  Pinnacle plans acquisitions as losses halve

  Managed services player Pinnacle is considering getting on the acquisition trail as its turnaround strategy gathers pace

• June 29, 2015 29 Jun'15

  Sophos floating high on LSE

  Made in Britain: Sophos becomes one of the largest software IPOs to hit the London Stock Exchange in living memory

• June 23, 2015 23 Jun'15

  NTT Com shuffles senior management pack as Church departs

  Security channel player NTT Com has revealed it will have a fresh CEO and CFO this summer after those positions became vacant

• June 19, 2015 19 Jun'15

  Oracle management needs to touch base with reality

  Sean McGrath compares Oracle to a Fish & Chip shop and argues that it is time for the database giant to face some home truths

• June 18, 2015 18 Jun'15

  Finance education key to increased SME confidence

  If the channel can educate SMEs about the benefits of using credit then more will take up the option and drive growth

• June 15, 2015 15 Jun'15

  Who are we? We are Huawei, that's who

  Chinese mega-giant, Huawei contributes nearly £1bn to UK GDP in past three years

• June 10, 2015 10 Jun'15

  Apple Pay is not all it's cracked up to be

  Sean McGrath explores why Apple Pay isn't all that disruptive for resellers or the payments industry

• June 08, 2015 08 Jun'15

  Phoenix heads back to black ahead of Daisy takeover

  Daisy will be licking its lips as Phoenix IT successfully executes turnaround strategy, posting a FY profit

• June 05, 2015 05 Jun'15

  HMRC seeks partner to oversee IT contracts

  Lonely mature tax collector, seeks strong, single IT expert for short-term relationship

• May 29, 2015 29 May'15

  Equinix agree acquisition deal with Telecity Group

  Equinix to buy Telecity Group for $3.6 billion after Interxion deal collapses

• May 28, 2015 28 May'15

  Google to include 'buy button' in results

  In the lead up to its I/O Developer Conference, Google has confirmed that it is to include a 'buy now' button in its search results

• May 28, 2015 28 May'15

  SME borrowing confidence rising

  Half of SMEs are showing early signs of returning appetite for finance

• May 27, 2015 27 May'15

  Daisy to buy out Phoenix IT in £135m deal

  Acquisition hungry Daisy agrees a tasty deal to buy out troubled Phoenix IT

• May 26, 2015 26 May'15

  Microsoft rumoured to be out of race for Saleforce purchase

  Talks of a Microsoft buying out Salesforce fall through due to Benioff's ambitious price expectations

• May 26, 2015 26 May'15

  Exclusive aims to boost finance spending after strong Q1

  Pan European distributor Exclusive Group has delivered a strong first quarter and will acquire in the UK this year

• May 22, 2015 22 May'15

  Piers Linney applauds business deregulation plans from the Cabinet

  The CEO of Outsourcery says that business secretary Sajid Javid's Enterprise Bill is a welcome move

• May 22, 2015 22 May'15

  HP sells off 51% stake in Chinese networking business

  Deal between HP and Tsinghua sees new Chinese powerhouse formed. News overshadows lacklustre Q2 results

• May 21, 2015 21 May'15

  Lenovo profits creep up by just 1% despite 20% jump in revenues

  Pressure on margins in its home markets have impacted on profits, but the world's largest PC manufacturer looks in good shape on the whole

• May 21, 2015 21 May'15

  NetApp swings axe after poor Q4

  Drops in revenue and income have forced NetApp to take steps to improve its performance with 500 staff in the firing line

• May 21, 2015 21 May'15

  Extreme undergoes restructuring on the back of poor quarter

  Extreme Networks to cull 285 jobs as part of its ‘new solutions-based go-to-market strategy’

• May 20, 2015 20 May'15

  Wipro flagged as potenital buyer for CSC

  Following the confirmed split of Computer Sciences Corp. there are rumours emerging that Wipro may be a potential buyer for the commercial division of the business

• May 19, 2015 19 May'15

  MicroTech sues HP over Autonomy debacle

  In one of the confusing pieces of technology litigation to date, MicroTech is now suing HP over software deals that HP claims never existed in the first place

• May 19, 2015 19 May'15

  Civica has a strong 2014 thanks to local government wins

  Public sector IT services specialist Civica reports steady growth, with the UK remaining by far its strongest market

• May 19, 2015 19 May'15

  Exertis acquires Computers Unlimited

  Thirty year old Computers Unlimited has started a fresh chapter as part of Exertis

• May 18, 2015 18 May'15

  Bytes plans to build on growth via acquisition

  Bytes Technology Group is looking to increase revenues and could do so via acquisition

• May 15, 2015 15 May'15

  Jim O'Neill to lead the UK's 'Northern Powerhouse' movement

  The man behind the term 'the BRICs' gains peerage and ministerial role within the Treasury team

• May 15, 2015 15 May'15

  CSC split may happen as soon as next week

  Reuters is reporting that technology consulting services giant Computer Sciences Corp may be splitting its business in two

• May 14, 2015 14 May'15

  EU referendum stoking business uncertainty

  The Governor of the Bank of England has warned that the EU referendum is causing some business uncertianty

• May 14, 2015 14 May'15

  Chambers hands over a Cisco well positioned for the future

  In the last set of quarterly results that John Chambers will preside over as CEO of Cisco the firm has delivered a strong performance

• May 13, 2015 13 May'15

  Majority government will boost outsourcing industry, NOA says

  The National Outsourcing Association has welcomed the Tory victory, saying that a majority government will offer some much needed stability to the industry

• May 11, 2015 11 May'15

  Toshiba shares slide after deeper accounting probe announcement

  Toshiba's initial attempts to discover accounting issues has led to the need to establish an independent comission

• May 06, 2015 06 May'15

  Poor UK performance hurts Systemax

  Losses at Systemax have widened after the UK performance contributed to a weak first quarter

• May 01, 2015 01 May'15

  Lenovo and Syscap mark milestones

  It's been 10 years since Lenovo acquired IBM's PC business and a quarter of a century since Syscap started trading

• April 29, 2015 29 Apr'15

  PC price rises set to cause spending delays

  Gartner has warned that PC price rises could hit 10% this year and will have an impact on customer spending plans

• April 28, 2015 28 Apr'15

  MXC Capital backs Pinnacle turnaround strategy

  MXC Capital has made an investment in Pinnacle Technology Group to support the managed service player in its ongoing turnaround efforts

• April 24, 2015 24 Apr'15

  Cloud sales double for Microsoft

  Revenue up, profit is down, but the big news coming out of Redmond is that commercial cloud sales have doubled for the fourth consecutive quarter

• April 24, 2015 24 Apr'15

  Avnet joins ranks of firms hit by strong dollar

  Currency challenges helped reduce some of the third quarter numbers at Avnet although EMEA continues to perform strongly for the distributor

• April 24, 2015 24 Apr'15

  Amazon finally figures out how to make money

  Amazon - famed for its massive turnover and slim margins - lets investors take a peak under the hood of Amazon Web Services; and they like what they see

• April 23, 2015 23 Apr'15

  Computacenter says 2015 should be 'a year of progress'

  Trading update shows progress in UK and Germany but growth in French market remains a elusive

• April 22, 2015 22 Apr'15

  Yahoo Q1 results mark another stage in slow and painful death

  Net income for Q1 of $21 million, down from $312 million one short year ago

• April 22, 2015 22 Apr'15

  VMware kicks of 2015 with an okay set of results

  Revenue continues to grow at a healthy rate - but not as healthy as the previous seven quarters

• April 21, 2015 21 Apr'15

  IBM does enough in Q1 to keep investors happy

  IBM has delivered its latest set of quarterly numbers indicating that the business continues to expand in the cloud but contract in other areas

• April 20, 2015 20 Apr'15

  Google prepares to roll out biggest algorithm update in two years

  Google's new algorithm update will favour mobile friendly sites, potentially affecting millions of businesses

• April 15, 2015 15 Apr'15

  EU accuses Google of abusing its power

  The European Union has accused Google of prioritising its own products and links in search results

• April 14, 2015 14 Apr'15

  SCC gets access to Rigby Capital operation

  The Rigby Group has unveiled a finance and leasing operation that will support SCC and M2 customers

• April 13, 2015 13 Apr'15

  Chess signals March buying spree is not the end

  Chess acquired three firms in the last month but has indicated that it is not finished when it comes to adding to its portfolio

• April 09, 2015 09 Apr'15

  Gartner: Global IT spending to shrink in 2015

  Strong US dollar will force IT prices to rise and spending to shrink

• April 07, 2015 07 Apr'15

  EY Startup Challenge 2 is underway

  EY is inviting applications for year 2 of the Startup Challenge

• April 07, 2015 07 Apr'15

  Samsung results indicate possible recovery

  Samsung's initial Q1 figures suggest that the South Korean giant may have turned a corner

• April 01, 2015 01 Apr'15

  Norris backed letter adds to Labour woes

  Computacenter boss Mike Norris is one of the signatures along with 100 plus other business leaders on a letter praising Tory business policies

• April 01, 2015 01 Apr'15

  HP sues Lynch for billions

  HP has turned up the heat of the former CEO and CFO of Autonomy by suing them for $5.1bn in the UK courts

• March 27, 2015 27 Mar'15

  Labour slams coalition record on digital services

  Ahead of the election the Labour Party has issued a report slamming the government's track record in delivering digital services

• March 27, 2015 27 Mar'15

  Apple boss vows to give wealth to charity

  Following in the footsteps of Bill Gates and others the Apple boss has indicated that he will be giving his wealth to charity

• March 25, 2015 25 Mar'15

  RM transition continuing to deliver results

  RM is outlining progress made in Q1 at its AGM as it moves further away from its hardware past

• March 20, 2015 20 Mar'15

  Tech Data looks ahead after solid fiscal year

  Despite the dollar issues that seem to have impacted US firms trading globally Tech Data managed to deliver a solid set of numbers for its fiscal year

• March 18, 2015 18 Mar'15

  IoT and faster broadband get Budget backing

  In his last budget before the election the Chancellor George Osborne accepted that more needed to be done to improve the national broadband infrastructure

• March 17, 2015 17 Mar'15

  IoE worth £100bn to UK startups over next decade, Cisco says

  Cisco claims that the Internet of Everything could be worth £100bn to the UK startup community, with healthcare and retail sectors coming out on top

• March 12, 2015 12 Mar'15

  Computacenter's profits rise for fifth consecutive year

  Despite issues on the continent, a strong performance at home has seen the corporate reseller post healthy results for FY2014

• March 04, 2015 04 Mar'15

  Cisco shares rally above $30

  After a series of product launches at Mobile World Congress, Cisco's share price is at its highest since 2007

• March 02, 2015 02 Mar'15

  HP to acquire Aruba Networks

  HP scoops up Aruba in a $3bn deal, representing its largest acquisition since the Autonomy scandal

• February 27, 2015 27 Feb'15

  Big Blue spending big bucks on emerging business

  IBM has announced that it's going to pump $4bn into cloud, analytics, security, mobile and social in at attempt to plug the hole