This morning’s bulletin includes news that the FBI are to investigate an email hack directed against the US Democratic party amidst fears of Russian meddling, Lloyds Pharmacy’s purchase of Sainsbury’s chemists
Reuters opens proceedings with news that Barclays has seen its first half profits slump by 20 per cent as a consequence of its fire sale of unwanted assets in the midst of a turbulent economic environment.
Ad Exchanger picks up on strong revenue growth at Google parent Alphabet which the tech giant is attributing to returns from its mobile and video investments. Overall revenue hit $21.5bn in the second quarter, a 21 per cent uplift on the year prior.
Ad Week notes that Nestle is to establish a digital command centre’ in the offices of Salesforce in an effort to bolster its marketing efforts by harnessing the mounds of data chewed through by the cloud computing giant.
The Guardian brings good news for recently departed Top Gear host Chris Evans after the Metropolitan Police decided to take no further action in its investigation into alleged sexual assaults carried out by the presenter in the 1990s.
The paper also takes aim at Turkey’s increasingly authoritarian president Recep Erdogan, publishing a report from a press freedom group castigating the arrest of journalists and closure of newspapers and broadcasters.
Amazon continues to jump from strength to strength with its third straight month of record profits, says Business Insider, which publishes a bullish piece on the world’s largest e-tailer – although slightly lower than forecast operating income guidance tarnished the sheen somewhat.
Retail Week leads with news that LloydsPharmacy has been given the all-clear from the Competition and Mergers Authority to purchase Sainsbury’s network of 281 in-store chemists, although it will be obliged to sell-off some stores to avert market saturation.
Campaign meanwhile reports that feminine hygiene brand Always is recruiting ‘feisty’ sportswomen as it re-heats its successful ‘#LikeaGirl’ campaign which aims to shatter gender stereotypes.
The Times warns that consumer confidence has fallen to its lowest level in 26 years in the aftermath of the Brexit vote, with shoppers and factories tightening their belts in unison – stoking fears that a sense of pessimism could tip the country into an actual recession.
It’s not all bad news however with the very same paper also noting a turnaround at Rolls Royce which posted better than expected financial results, although it still lost a huge £2.2bn in the six months to 30 June.
Finally Reuters carries an exclusive story in which it reveals that the FBI is investigating a cyber-attack directed against the US Democratic party – amidst accusation that Russian hackers are seeking to influence the outcome of the presidential election.