Technology 

PC maker Lenovo’s third-quarter profit beats expectations, powering share surge

HONG KONG (Reuters) – Lenovo Group, the world’s largest personal computer maker, posted better-than-expected quarterly results and shrugged off the impact of a bruising Sino-U.S. trade war, sending its shares soaring 11 percent to three-year highs. FILE PHOTO: A Lenovo ultrabook and a tablet are displayed during a news conference in Hong Kong, China May 21, 2015. REUTERS/Bobby Yip/File Photo The company, dual-headquartered in China and the United States, is optimistic of further growth in China and will focus on the premium market, CEO and chairman Yang Yuanqing told Reuters…

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Technology 

Garmin shares surge 15 percent as new direction fuels strong forecast

(Reuters) – Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations along with strong fourth-quarter results, sending its shares up 15 percent to their highest in more than a decade. A Garmin GPS watch is shown on a display at a store in Encinitas, California, U.S., October 30, 2017. REUTERS/Mike Blake The company bounced back strongly in the past year after a smartphone-driven slide in demand for the car satnavs that made it famous. The bounce has been driven mainly by growing demand for smartwatches and other wearable fitness…

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Technology 

Japan’s Softbank shares surge on buyback plan

Image copyright Getty Images Shares in Japanese tech conglomerate Softbank surged nearly 17% after its chief executive Masayoshi Son unveiled a $5.5bn (£4.3bn) share buyback. Mr Son said the buyback will prop up the company’s share price, which he sees as chronically undervalued. Softbank has stakes in dozens of technology companies through its Vision Fund. Mr Son said when these investments are counted properly, Softbank is worth far more than its current market value. He announced the share buyback during an earnings briefing on Wednesday. Mr Son described the company’s…

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Technology 

Exclusive: Ukraine says it sees surge in cyber attacks targeting election

KIEV (Reuters) – Hackers likely controlled by Russia are stepping up efforts to disrupt Ukraine’s presidential election in March with cyber attacks on electoral servers and personal computers of election staff, the head of Ukraine’s cyber police said on Friday. Ukrainian Cyber Police Chief Serhiy Demedyuk speaks during an interview with Reuters in Kiev, Ukraine November 2, 2017. Picture taken November 2, 2017. REUTERS/Valentyn Ogirenko Serhiy Demedyuk told Reuters the attackers were using virus-infected greeting cards, shopping invitations, offers for software updates and other malicious “phishing” material intended to steal…

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Top stories 

Pharmacists warn of a ‘surge’ in shortage of common medicines

Image copyright Science Photo Library Pharmacists say they are struggling to obtain many common medicines and paying “vastly increased” prices for them. This is leaving patients complaining of delays in getting hold of drugs such as painkillers, anti-depressants and blood pressure medication. The BBC has found there has been a big rise in the number of drugs on the “shortage of supply” list for England. There are now 80 medicine in such short supply, that the Department of Health has agreed to pay a premium for them. This is up…

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Technology 

Yelp investor SQN says shares could surge to $55-$65

(Reuters) – SQN Investors LP said on Wednesday Yelp Inc’s shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself. FILE PHOTO: The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March 5, 2015. REUTERS/Jim Young/File Photo SQN, one of the biggest shareholders in Yelp with a more than 4 percent stake, said investors “must seize opportunity” to refresh board with three new directors, including stockholder representation. The…

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Top stories 

Boohoo remains in fashion as sales surge

Image copyright PrettyLittleThing Sales at Boohoo grew strongly in the last four months of 2018, in another sign that people are choosing online shopping over the High Street. The online fashion retailer, which also owns the PrettyLittleThing and Nastygal fashion labels, saw revenues in the four-month period jump 44% to £328.2m. It revised its revenue growth forecast for the financial year to 43%-45%, up from a previous estimate of 38%-43%. The company called the figures “another great set of results”. In a statement, joint chief executives Mahmud Kamani and Carol…

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Blocking Brexit could cause far-right surge – Grayling

Image copyright AFP Blocking Brexit could lead to a surge in far-right extremism in the UK, the transport secretary has said. Chris Grayling told the Daily Mail that failing to leave the EU would cause the 17 million people who voted for Brexit to feel “cheated”. This could end centuries of “moderate” politics in the UK, he said, as he urged his colleagues to back Prime Minister Theresa May’s Brexit deal. A vote on the agreement takes place in the Commons on Tuesday. MPs are widely expected to reject the…

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Science 

Warming seas linked to bluefin tuna surge in UK waters

Image copyright Getty Images Growing numbers of bluefin tuna are being seen in the waters around the UK because of the warming impact of a long term ocean current say researchers. These large, speedy fish are a globally endangered species and almost disappeared from the UK around 40 years ago. Scientists say that their recent rise is connected to the Atlantic Multidecadal Oscillation (AMO). Now in a warm phase, the current makes UK waters more hospitable for the species. Bluefin tuna are one of the largest and fastest fish on…

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Surge in gas and ram-raid ATM attacks

Media playback is unsupported on your device Media captionOne gang used oxy-acetylene canisters to cause an explosion Thieves are increasingly trying to smash or blast their way into UK cash machines – with the number of attacks on ATMs nearly doubling in four years. Attempts to steal cash have risen from 400 attacks in 2014 to 723 last year, according to a report by ATM operator Cardtronics. It said one in five incidents in Europe occurred in the UK. Thieves are generally unsuccessful, with 41% of cases resulting in cash…

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