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Ocean Group Buys MediaCo Outdoor

The UK’s Ocean Group has announced the acquisition of MediaCo Outdoor, a Manchester-based company specialising in OOH digital and backlight premium large formats. Ocean’s CEO Tim Bleakley said the acquisition will accelerate the company’s dual strategy of developing “ iconic digital and premium formats, and mirrors its acquisition of Signature Outdoor in Birmingham last year”. … Read more

Tesco Posts Record Loss

Major UK retailer Tesco reported a record £6.3 billion ($9.4 billion) pre-tax loss for last year, having lost ground to cheaper rivals such as Aldi and Lidl. Tesco swung to a net loss for the year of £5.7 billion ($8.5 billion) from a net profit in the previous year of £970 million ($1.4 billion), while … Read more

E-Waste to Approach 50 Million Tonnes

According to the United Nations University, 41.8 million tonnes of electronic waste (including household appliances) was generated last year – up 2 million tonnes from 2013. Less than a sixth was recycled or made available for re-use. Around 7% came from mobile phones, PCs, calculators and printers. In volume terms, most came from the USA, … Read more

HTC Opens Vive Sign-Ups

The developer edition of the HTC Vive headset, announced at MWC 2015, is now available. However, developers wanting to test the product will need to fill out an application form – Valve, HTC’s partner, will then decide which applicants should receive the headset when distribution begins in the summer. The sign-up page can be found … Read more

Google Patents Back to the Future Technology

A patent awarded to Google has the potential to turn walls into screens. The patent outlines a projection system that can display images on a wall covered with photo-reactive paint. A beam of light from a projector would react with the paint to change the scene displayed – and, like E Ink, the image would … Read more

Gartner Revises Semiconductor Growth Downwards

Semiconductor revenue will rise to $354 billion, says Gartner. While this is a 4% climb, it is lower than the 5.4% increase predicted in Q4’14. The semiconductor industry is increasingly concerned about revenue growth this year. System suppliers are beginning to tackle problems stemming from local currency depreciation, relative to the US dollar; excess inventories; … Read more

Sony Narrows Loss Forecast

Sony has revised its outlook for this year and narrowed its net loss forecast to ¥126 billion ($1 billion) from ¥170 billion ($1.4 billion) predicted in February, while turnover is now expected to be ¥8.2 trillion ($68.3 billion), 2.5% higher than February’s forecast of ¥8 trillion ($66.6 billion). The company has raised its outlook primarily … Read more