Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says.Politicsread more
Ocado, the online supermarket and technology company, reported a 13.9 percent fall in first-half core earnings on Tuesday, reflecting a step-up in investment in the business.
It said it expected earning trends to improve in the second half of the year however and it also maintained its forecast for retail revenue growth of 10-15 percent for the full 2018 year, assuming economic conditions remain broadly stable.
The group, whose share price has soared 256 percent over the last year on the back of four major overseas partnership deals, made earnings before interest, tax, depreciation and amortisation (EBITDA) of 38.9 million pounds ($51.5 million) in the 26 weeks to June 3.
Ocado had warned in February that investment in its UK distribution centres and software platform would put a brake on earnings this year. It said capital expenditure would be 210 million pounds in 2018, up from 160 million pounds in 2017.
The firm struck its biggest deal so far, with U.S. supermarket chain Kroger, in May. That followed deals with Sweden's ICA Group, Canada's Sobeys and France's Casino.
Shares in Ocado listed at 180 pence in 2010. They closed at 1,012 pence on Monday, valuing the business at 6.81 billion pounds.
It said it expects the trends in retail EBITDA to improve significantly over the course of the second half, partly due to lower engineering costs per order and as new capacity at its newest distribution sites at Andover, southern England, and Erith, just outside London, is utilised.
It forecast a decline in Solutions EBITDA as it makes a further 4 million pounds investment.
Ocado also expects additional management incentive charges of about 9 million pounds largely due to its share price performance.