Technology 

India’s Infosys raises revenue guidance, but third-quarter profit misses estimate

FILE PHOTO: The logo of Infosys is pictured inside the company’s headquarters in Bengaluru, India, April 13, 2017. REUTERS/Abhishek N. Chinnappa/File Photo (Reuters) – Indian IT services company Infosys Ltd raised its full-year revenue growth forecast on Friday, but reported a larger-than-expected drop in third-quarter profit, due to higher expenses. The country’s second-biggest software services exporter by market capitalization reported a 29.6 percent fall in attributable profit for October-December to 36.09 billion rupees ($511.94 million). That compared with the 41.31 billion rupees average of 25 analyst estimates compiled by Refinitiv…

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Universal credit: Amber Rudd to listen to ‘expert guidance’

Work and Pensions Secretary Amber Rudd has agreed to listen “very carefully” to concerns over universal credit, conceding the system “can be better”. Making her first Commons appearance since getting the job on Friday, she faced calls from Labour and the SNP to halt the rollout of the single benefit. She said she would “learn from errors” and “adjust” the system, which she admitted had problems, where needed. She also rejected a UN report on UK poverty as “extraordinarily political”. And she made clear that universal credit had an important…

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Families ‘can’t afford to follow healthy diet guidance’

Image copyright Getty Images Up to 3.7 million UK children live in homes struggling to afford enough meat, fruit and vegetables to meet healthy eating advice, research suggests. The Food Foundation says the poorest fifth of homes with children would have to spend 42% of their disposable income (after housing costs) to meet guidance set out in the Eatwell Guide. The guide, from Public Health England, aims to help people get a balance of “healthier and more sustainable food” and is estimated to cost £5.99 a day per adult or…

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