Feeds

T-Online doubles sales to £216 million

But posts losses after spell on acquisition trail

  • alert
  • submit to reddit

The essential guide to IT transformation

T-Online's share price went up 7 per cent yesterday on the news that its half-year sales had doubled (to £216 million). This despite the fact that its chief exec resigned last week and the company's suffered its first loss of £45 million. It made a £2 million profit last year. The losses came mostly from the cost of its acquisition programme.



Waitrose and Tesco are both planning Internet shopping sites in time for Christmas. Waitrose will launch its new service next month in a bid to keep up with Tesco, aiming at the corporate market and then a consumer service will be set up in a year's time. Tesco on the other hand is expanding into the Irish Republic and enlarging its range of goods available online. It claims to be taking £4 million worth of food online each week - half, it says, come from people that normally shop in competitors' stores.




Wanadoo - the Internet arm of France Telecom - has bought out the remaining 39 per cent of TV production company FIT Production for an unknown sum. The purchase comes two days after its float and shares went up 9 per cent on the news.




Carrefour - Europe's biggest retailer, apparently - is cutting its planned Internet investment programme by 40 per cent. Instead, it intends to go after partnerships. The company's chairman said it had to be "pragmatic" and share the risks rather than go for a majority shares in every e-commerce site. The budget has been cut from the original Eu1 billion (£600 million) to Eu600 to 700 million (£370 to £430 million). Shares went up a touch on the announcement.




Yahoo! Inc has completed its acquisition of group email communications outfit, eGroups Inc The acquisition is being accounted for as a pooling of interests. Yahoo! will exchange approximately 3,425,000 shares of Yahoo! common stock for all outstanding eGroups shares and options. Yahoo! expects to record a one-time charge of approximately $25 million in the third fiscal quarter of 2000, relating to expenses incurred in connection with the transaction.




America Online has acquired voice portal company, Quack.com. Details of the deal were not disclosed. Quack.com will be managed by AOL's Interactive Properties Group.




E-commerce sales have grown just over 5 per cent in the second quarter of this year (over the first half) to $5.5 billion (£3.8 billion), according to the US Commerce Department. Apparently, sports goods were particularly popular. That said, it still only accounts 0.68 per cent of total commerce. ®



For more e-biz money mallarkey click here.

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.