Profits at Telegram jumped to $540 million last year
Jakob Stausholm, the chief executive of Australian mining firm Rio Tinto will step...
German long-term bond yields hit a two-month high on Thursday, as investors' concerns...
London's FTSE 100 began Thursday's trade in the red, following the trend seen...
The Iseq All Share opened in the red on Thursday morning and dropped 0.35 per cent...
The European Union's investment vehicle is investing €40 million in a dedicated...
Profits at Telegram leapt to $540 million last year, as the messaging app achieved...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Independent
3 hours ago
- Irish Independent
Stripe apologises after support team staff wrongly said it had LGBTQ+ ban in place for purchases
The firm established by Patrick and John Collison, which acts as a payment processor for millions of businesses in online transactions, had been facing criticism for not allowing its services to be used for purchases of adult content online. When some people called the company to complain, they were told by customer service operators that the ban actually extended to all LGBTQ+ content, including material that is legal and not adult in nature. The adult artist Dieselbrain reportedly called Stripe's customer service twice to complain. In a post on Bluesky the artist said on both occasions Stripe operators had said customers could not use its services to purchase LGBTQ+ content. Speaking to the website Aftermath, the artist said that after confirming Stripe could not be used to purchase such content, they then said 'something along the lines of this being Stripe's right to do so as a private business". "The information given by our support team was totally wrong," a Stripe spokesperson told the BBC. "Stripe has no prohibitions on the sale of LGBTQ+ content or goods. We're looking into this and making sure future inquiries are answered correctly." The journalist Mady Castigan had also shared an audio recording of a telephone conversation with an operator, who said Stripe had restricted LGBTQ+ content purchases 'three weeks ago'. Later, after stepping away to check, the operator returns to clarify that only 'abusive behaviour' is banned, 'but there is not, like, a specific target for the LGBT". The issue first became a focus of contention after Visa and Mastercard were pressurised by an Australian campaign group to stop online video game distributors selling certain pornographic games. The group claimed games were listed for sale online which included themes of "rape, incest and child sexual abuse". This led to the online game distributors Steam and removing games from their libraries, a move that was criticised by gamers. In the past, other payment processors have distanced themselves from distribution of adult content online. Five years ago Mastercard and Visa stopped use of their cards on the Pornhub site following reports, which the company denied, that the site was 'infested' with videos of child abuse.
RTÉ News
21 hours ago
- RTÉ News
Birkenstock beats profit estimates on strong full-price footwear sales
German sandal maker Birkenstock has today beaten third-quarter profit expectations, helped by strong full-price sales of its sandals and shoes, and said it was well placed to manage the impact of the 15% US tariff on European imports. The company also stuck to its margin forecast for the year despite a "significantly weaker" dollar. Birkenstock, whose suede leather closed-toe Boston clogs sell at $179.95 each online, has seen firm demand over the past several quarters as wealthy shoppers showed few signs of resistance to price increases. Sales grew 16% in constant currency terms in the Americas during the quarter, after 20% growth in the previous three months. Sustained demand and strong full-price sales have also boosted performance at high-end peers such as Ralph Lauren's Polo t-shirts and Hoka shoes from Deckers Outdoor, as shoppers prioritise sought-after and trendy products. Birkenstock's gross profit margin for the quarter ended June 30 jumped 100 basis points to 60.5%. The company had earlier said it expected to fully offset tariffs impact, helped by a low-single-digit price increase, as it sources and manufactures nearly all of its products in Europe. It reported quarterly revenue of €635m, compared with analysts' average estimate of €636.74m, according to data compiled by LSEG. On an adjusted basis, it earned €62 per share, above the estimate of €60. Birkenstock maintained fiscal year 2025 revenue growth at the high-end of its forecast range of 15% to 17% in constant currency.
RTÉ News
a day ago
- RTÉ News
HelloFresh shares fall after outlook cut
Shares in HelloFresh fell today after the German firm cut its outlook for the full year, blaming a strengthening euro and a decline in sales at its ready-to-eat business. The stock has lost 25% of its value since January and almost 90% since its August 2021 peak. The German meal-kit maker now expects its full year adjusted core profit (AEBITDA) to come between €415-465m, down from a previous range of €450-500m. In a statement, the firm said this reflects the euro rising more than expected against currencies such as the US dollar and the Canadian dollar compared to when the guidance was first provided earlier this year. The company makes more than 60% of its sales in North America, which means its revenue loses some of its value when converted into the European currency. A company compiled poll expects AEBITDA to come at €466m this year. HelloFresh had seen a change in demand from customers cooking meals from scratch during the Covid-19 pandemic to preferring ready meals they only need to reheat after a day in the office. It responded by producing more ready to eat (RTE) goods. But, in the RTE business, second quarter revenue fell by almost 6% from a year ago. The Berlin based company also said it is extending its share buy-back programme by up to €100m to a total of up to €175m and to extend its duration until no later than December, 31 2026.
