Latest news with #Poland-based
Yahoo
a day ago
- Business
- Yahoo
HLIT, Vectra to Make the 1st PTP-Less Virtualized Broadband Deployment
Harmonic, Inc. HLIT recently announced that Poland-based Vectra, a top Internet provider, will deploy HLIT's industry-leading cOS virtualized broadband platform. The initiative aims to accelerate Vectra's expansion into multigigabit broadband services, support the shift to deep fiber infrastructure and enable innovative wholesale offerings over both DOCSIS and fiber networks. This strategic deployment marks a significant milestone, not only for Vectra but for the global broadband industry, as it becomes the first operator to implement Harmonic's PTP-less distributed access architecture (DAA), which removes the complexities associated with traditional timing networks. This innovation increases reliability and dramatically simplifies part of the collaboration, Vectra will integrate Harmonic's Reef Remote PHY (R-PHY) Shelves, Oyster DAA Nodes and remote OLTs (Optical Line Terminals) to create a robust and modular broadband delivery infrastructure. One of the cutting-edge technologies in this deployment is the SeaStar Optical Node, Harmonic's recently launched solution that enables fiber connectivity in lower-density brownfield MDUs using existing coaxial platform enables a selective and cost-efficient migration from DOCSIS to PON, giving operators like Vectra the ability to upgrade targeted areas using existing infrastructure. Vectra can now offer both bitstream access and wholesale-over-DOCSIS services to third-party broadband providers, opening up lucrative new revenue streams in Poland's competitive telecom market. Netceed, a key Harmonic partner and value-added solutions provider, is playing a crucial role in ensuring the successful execution of this large-scale initiative. By facilitating the supply chain and providing essential deployment support, Netceed helps accelerate time-to-market and ensures that the rollout remains on schedule and expanded market footprint in cable broadband is noteworthy. The company is already the market share leader in virtual CMTS and DAA, according to Dell'Oro Group. Its cOS platform powers broadband services in more than 33 million CPEs worldwide, serving operators across North America, Europe, Latin America and the demand for high-speed Internet continues to rise, operators are under a pressing need to expand their networks while optimizing operational efficiency and reducing costs. HLIT remains at the forefront of strategic collaboration to deliver high-speed, scalable and accessible broadband across the May 2025, the company expanded its collaboration with Cignal TV, a leading pay-TV provider in the Philippines, to modernize its channel origination, playout and disaster recovery workflows. The initiative leverages Harmonic's VOS360 Media Software-as-a-Service platform, which runs on the public cloud, to enhance Cignal TV's ability to deliver premium video streaming and broadcast services with greater efficiency and reliability. Harmonic currently carries a Zacks Rank #3 (Hold). Shares of Harmonic have plunged 31.6% over the past year compared with the industry's fall of 0.6%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, InterDigital, Inc. IDCC and Ubiquiti Inc. UI. JNPR presently sports a Zacks Rank #1 (Strong Buy), while IDCC & UI carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. In the last reported quarter, it delivered an earnings surprise of 4.88%.IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term growth expectation of 15%.Ubiquiti's effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains well-suited to adapt to the changing market dynamics to overcome challenges while maximizing growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmonic Inc. (HLIT) : Free Stock Analysis Report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Daily Mirror
27-05-2025
- Business
- Daily Mirror
Poundland makes huge change to loyalty scheme 'as 200 stores could close'
It comes after Pepco Group, the owner of Poundland, announced it was going to sell the discount chain - with reports suggesting 200 stores could close Poundland has scrapped its exclusive lower prices for members of its loyalty scheme as part of a major shake-up. Poundland Perks used to allow members access to cheaper prices on certain products. It worked in a similar way to Tesco Clubcard Prices and Sainsbury's Nectar Prices - but the feature has now been axed. Poundland Perks members will still be able to collect points when they spend money in stores. You get one point for every 1p they spend on select products - then once you've built up 5,000 points, you get a voucher worth £1 to spend in Poundland. A spokesperson for Poundland said: 'We've listened to your feedback and from 21 May 2025, the app will now be changing to points and prizes. 'That means we'll be offering all customers our very best pricing on the shelf and online – without having to add Poundland Perks prices found in the app. 'Of course, you can continue to earn points as you shop at Poundland in store and online when you scan your Poundland Perks app at checkout – and you'll still be able to play our weekly Win it Wednesday competition to win points and prizes. 'Once you've accumulated 5,000 points you'll be able to convert those points to a £1 voucher to redeem In-store and online, by turning the toggle on before the 15th of every month.' It comes after Pepco Group, the owner of Poundland, announced it was going to sell the discount chain. In a financial update this week, parent company Pepco Group told investors that the company "continues to actively explore separation options for Poundland business with an exit expected by end of FY25". This indicates that Poundland expects the deal to be done by the end of its current financial year, which closes in September. It has been reported that a number of investment firms and private equity groups are interested in buying the business - but the Telegraph also claims that up to 200 Poundland stores could still face closure. Poundland has more than 820 stores and employs more than 16,000 people across the UK, as well as in Ireland, where it is known as Dealz. It was revealed this week that Poundland revenues dropped by 6.5% to €985million (£830million) for the six months to March, compared with a year earlier. The brand suffered 'challenges across all categories' and had 18 net store closures over the period. Poundland is now due to deliver earnings of between 0 and €20million (£16.9 million) compared with previous guidance of €50million and €70million. The wider Poland-based Pepco Group saw total revenues grow by 4.3% to €3.34billion (£2.82billion) for the half-year.
Daily Mirror
23-05-2025
- Business
- Daily Mirror
Poundland issues update on sale of the business 'as 200 stores could close'
The latest reports on Poundland suggest a number of investment firms and private equity groups are interested in buying the business The owner of Poundland has said it expects the sale of the discount chain to complete by September. In a financial update this week, parent company Pepco Group told investors that the company "continues to actively explore separation options for Poundland business with an exit expected by end of FY25". This indicates that Poundland expects the deal to be done by the end of its current financial year, which closes in September. Reports suggest a number of investment firms and private equity groups are interested in buying the business. Laura Ashley owner Gordon Brothers is supposedly the frontrunner to strike a deal. Last week, the Telegraph reported that up to 200 Poundland stores could face closure as part of a rescue sale. It was revealed this week that Poundland revenues dropped by 6.5% to €985million (£830million) for the six months to March, compared with a year earlier. The brand suffered 'challenges across all categories' and had 18 net store closures over the period. Poundland is now due to deliver earnings of between 0 and €20million (£16.9 million) compared with previous guidance of €50million and €70million. The wider Poland-based Pepco Group saw total revenues grow by 4.3% to €3.34billion (£2.82billion) for the half-year. Stephan Borchert, chief executive of Pepco, said: 'At Poundland, trading remains challenging, which is reflected in a profit outturn below expectations for H1 and a weaker outlook for the full year. 'Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths.' Pepco Group first confirmed it was going to sell Poundland in an update this March. The firm had already hired Alix Partners to carry out a strategic review of the brand at the start of this year. A spokesperson from Pepco Group told The Mirror: 'As stated at our capital markets day on March 6, we are actively exploring separation options, including a potential sale, for the Poundland business. We have started to work with advisers to support us with this process.' The company blamed a 'challenging' UK retail landscape, along with changes announced in the Budget, including higher National Insurance contributions for employers and an increase in the minimum wage. Poundland has more than 820 stores and employs more than 16,000 people across the UK, as well as in Ireland, where it is known as Dealz. It comes as Poundland is set to close another two stores. Its branch in Brackla, Wales, will close on May 24, and its Chiswick High Road branch will shut for good on May 28. The discount chain shit its Copdock Mill Interchange site in Ipswich on May 20. This followed its Clapham Poundland branch in London closing on May 2, while its Liverpool Belle Valle shopping centre store closed on May 6, followed by its store in St George's Centre in Gateshead, Kent, which pulled down the shutters on May 8.
Scottish Sun
22-05-2025
- Business
- Scottish Sun
Budget airline EasyJet heading towards record annual profits of £703million despite tough winter
EasyJet also plans to reopen its Newcastle base RAKE IT EASY Budget airline EasyJet heading towards record annual profits of £703million despite tough winter Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) EASYJET is cruising towards record annual profits of £703million. The budget airline welcomed 18.2million passengers in the first three months of 2025 — up 8 per cent on the same period a year ago. Sign up for Scottish Sun newsletter Sign up 4 Easyjet is cruising towards record annual profits of £703million Credit: Reuters 4 The firm welcomed 18.2million passengers in the first three months of 2025 Credit: Getty EasyJet also plans to reopen its Newcastle base, which was shut in 2020 during the pandemic. It made losses of £394million for the six months to the end of March, after a hard winter and late Easter. But that was a 'slight improvement' of about £50million when the later timing of Easter was taken into account. There was good news from the firm's package holiday arm which made pre-tax profits of £44million in the six-month period, a 42 per cent increase year-on-year. Total revenue during the period climbed 8 per cent to £3.53billion, comprising increases of 5 per cent from passenger sales, 7 per cent from ancillary and 29 per cent from its holidays arm. Ancillary revenue, from extra charges for cabin baggage, priority boarding or food, came in at £978million by the end of the period, up from £911million a year ago. Chief executive Kenton Jarvis said: 'We remain focused on delivering another record summer this year, expecting to drive strong earnings growth as we progress towards our target of sustainably generating over £1billion of annual profit before tax.' In further good news for the North East, easyJet said it would launch the new base at Newcastle International next spring, creating 130 jobs for pilots, crew and engineers. Airport boss Nick Jones said the move was 'a significant boost to the local economy by creating high-quality jobs and attracting more inbound visitors to the region'. 4 EasyJet plans to reopen its Newcastle base, which was shut in 2020 during the pandemic Credit: Alamy EasyJet cabin bag rules explained - and which items you can take for free DISCOUNTDOWN DISCOUNT store Poundland should be sold by September, according to owners Pepco. The firm hopes to flog the 818-branch chain for just £1 so it can focus on its more profitable European chains. Poland-based Pepco, which bought the business in 2016, has struggled to make it profitable and revenues fell 6.5 per cent for the six months to March. Boss Stephan Borchert called trading 'challenging'. Potential buyers are believed to include US firm Gordon Brothers, which used to own Laura Ashley. MITCHELLS & BUTLERS, the owner of Toby Carvery, said pre-tax profit rose 24 per cent to £134million in the last six months thanks to its Harvester and All Bar One chains. It warned costs are rising but they would be offset by rising sales. BT INCOME CALL TELECOMS giant BT has warned that earnings will be flat this year as it concentrates on cost-cutting and plans to refocus on its UK business. It has already saved £900million and cut its workforce by 8 per cent as part of plans to axe up to 55,000 jobs by 2030. Chief executive Allison Kirkby is leading a revamp of the business since taking over last year and is considering flogging or breaking up its international arm. Underlying earnings rose 1 per cent to £8.21billion in the year to the end of March. PROFITS WILT FOR BLOOMS SHARES in Harry Potter publisher Bloomsbury fell 17 per cent yesterday after it revealed weaker profits, despite selling more books in the last year. Pre-tax profits slipped by 22 per cent to £32.5million for the year to the end of February. 4 Shares in Harry Potter publisher Bloomsbury fell 17 per cent Credit: Bloomsbury Boss Nigel Newton remained upbeat, saying the business is 'monetising academic content through AI deals in our authors' best interests'. It benefited by expanding its consumer portfolio, which includes genres like fantasy, cosy crime and cookery, and it has a strong release list for the new financial year. Revenues in its non-consumer division, which publishes academic publications, grew 12 per cent to £105million. Bloomsbury snapped up US publisher Rowman & Littlefield last year. Mr Newton said: 'Trading for 2025/26 is expected to be in line with current consensus expectations.' DESKING HOTS UP PROPERTY giant British Land said staff are flocking back to the office in central London, with midweek occupancy rates returning to pre-pandemic levels. It said rents in the capital had rocketed in the last year, helping it post a 4 per cent rise in profits to £279million. Earlier this week, HSBC bosses told staff they could lose bonuses unless they were back behind their desks for at least three days a week. Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club.
Daily Mirror
22-05-2025
- Business
- Daily Mirror
Fears for 200 branches of Poundland as whole chain to be sold 'this summer'
Pepco has announced all 818 branches are up for sale and there are fears a quarter of them will close The parent firm of Poundland has said it expects to sell the UK discount chain by the end of September. Pepco Group, which has owned the brand since 2016, said it is still considering options for the "separation" of the 818-strong retail chain. It is understood that a number of investment firms and private equity groups are among those to have tabled proposals to buy the business since it was put on the market earlier this year. Laura Ashley owner Gordon Brothers is reportedly among the favourites to strike a deal. Last week, the Telegraph reported that up to 200 Poundland stores could face closure as part of a rescue sale. On Thursday, Pepco said it is looking to offload the brand amid a wider shift away from food and drinks, with a deal expected before the end of its financial year in September. It came as the group reported weak Poundland sales over the past half-year, cutting the brand's trading guidance for the year as a result. Stephan Borchert, chief executive of Pepco, said: "At Poundland, trading remains challenging, which is reflected in a profit outturn below expectations for H1 and a weaker outlook for the full year. Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths." Poundland revenues dropped by 6.5% to 985 million euros (£830 million) for the six months to March, compared with a year earlier. The brand suffered "challenges across all categories" and had 18 net store closures over the period. Poundland is now due to deliver earnings of between 0 and 20 million euros (£16.9 million) compared with previous guidance of 50 million euros and 70 million euros. The wider Poland-based Pepco Group saw total revenues grow by 4.3% to 3.34 billion euros (£2.82 billion) for the half-year. However, like-for-like sales were marginally lower as growth in its Pepco brand was offset by the struggling Poundland operation.
