BA says no evidence global IT outage caused by cyber attack
LONDON, May 27 British Airways said on Saturday there was no evidence that a global breakdown of its IT systems had been caused by a cyber attack.
LONDON, June 19 Imagination Technologies , the British company whose graphics power Apple's iPhone and iPad, posted an as expected 53 percent rise in full-year profit and said it was confident about its prospects.
The group, which also makes "Pure" branded digital radios, posted adjusted pretax profit of 36.8 million pounds ($57.7 million) on 30 percent higher revenue of 127.5 million pounds.
Imagination said the total number of chips shipped with its graphics and video technology by partners including MediaTek in the year to April 30 rose by a third to 325 million.
"Despite the global economic environment, over 1 million devices are now being shipped with our IP daily," Chief Executive Hossein Yassaie said on Tuesday.
"We remain very confident of our continued good progress."
Shares in the group have been under pressure in the last two months, falling by 30 percent, as investors fret about end-consumer demand and increased competition from ARM, which is down about 19 percent in the same period.
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.