Feeds

T-Online doubles sales to £216 million

But posts losses after spell on acquisition trail

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
French 'terror law' declares WAR on the INTERNET itself, say digi-rights folks
Liberté, Égalité, Fraternité: Two out of three ain't bad
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.