>>> Twitter on Conference Call- Does not expect to see 2H17 revenue growth incre

Twitter on Conference Call- Does not expect to see 2H17 revenue growth increase due to headwinds (19.61)
As it relates to the back half of the year did note that while encouraged by the improvement of overall revenue trends, co does not expect to see revenue growth rates improve for the second half of 2017 because the headwinds; that's primarily tied to the Teleport business but there's some other comparables in there that are difficult and so the $75 million is a combination of the products co de-emphasized and some tougher comps as it relates to live which TWTR is encouraged can chip away at given the great site we hav

FT : Just Eat looks to battle Deliveroo for restaurant chains

Just Eat looks to battle Deliveroo for restaurant chains
Takeaway-ordering service seeks to go upmarket in trials with well-known brands

The takeaway-ordering website Just Eat plans to move upmarket and take on Deliveroo and UberEats by working with branded restaurant chains in the UK.

Just Eat tends to work with independent local restaurants such as curry houses, while Deliveroo and UberEats largely focus on more upmarket restaurants and chains.

But interim chief executive Paul Harrison said on Thursday that Just Eat was running “some early pilots” with unnamed “casual dining chains”.

He said he wanted “to ensure our customers have no reason to go anywhere other than Just Eat” for a takeaway. He added that Just Eat was operating in “pretty competitive markets” and that it was now “up against Uber, one of the best-funded companies in the world”.

He spoke as Just Eat released half-year results and raised its expectations for full-year revenues, but left its profit outlook unchanged. The company said it would spend the extra money on initiatives such as ”increased collaboration with branded UK restaurants”.

Mr Harrison denied the competition from Deliveroo and UberEats was costing it customers but said there was “evidence that chains want to provide food to our customers’ homes”. UberEats has recently started McDonald’s deliveries, which he said was “very direct competition”.

He declined to identify the chains it was working with, saying: “I’m not going to namecheck the chains. These are early pilots; some will resonate and some will not.”

A key difference between Just Eat versus Deliveroo and UberEats is that the former does not provide delivery drivers. Mr Harrison said Just Eat would not be supplying drivers and that some of the chains it was working with offered delivery themselves, while others had been introduced to “third-party delivery companies”.

For the half-year to June 30, Just Eat reported a rise in revenues of 44 per cent to £247m, ahead of consensus expectations of £232m, according to Numis analysts. The company said it expected full-year revenues to be £500m-£515m, up from £480m-£495m.

Pre-tax profits rose 46 per cent to £49.5m. Last year, Just Eat raised the commission it charges existing UK restaurant clients by 1 percentage point to 13 per cent.

Share awards to staff and other long-term employee incentives doubled to £3.3m, which Mr Harrison said was required to attract top software engineers and other technical staff. “We compete to attract the best talent in the tech world, so in order to do that we have to offer compelling compensation packages, including stock-based compensation,” he said.

The results indicate that Just Eat’s momentum has been unharmed by a series of management changes. In just over a year, it has lost its chief financial officer and chief executive, while its chairman died. Its plan to buy UK rival Hungryhouse is facing an in-depth probe by competition regulators over concerns that the combination will lead to worse terms for the restaurants that use the online sites to reach customers. Provisional findings are expected in late August or September, with a final decision towards the end of October.

TechCrunch : WhatsApp hits 1B daily users while its Snapchat clone rockets to 25

WhatsApp hits 1B daily users while its Snapchat clone rockets to 250M

Facebook is winning the race to bring Snapchat’s Stories format to the rest of the world before its originator. WhatsApp Status, its version of Snapchat Stories, now has 250 million daily active users. That’s despite it being relegated to a secondary dedicated tab in the app, opposed to being front and center on the home screen like Instagram Stories which also now has over 250 million users.

Snapchat by comparison only has 166 million daily users of its entire app. That include Snapchat’s private messaging feature that benefits from “Streaks” which uses gamification and emoji badges to incentivize friends to send at least one Snap back and forth each day.

All that engagement with Stories, voice and audio calls, and its core of text messaging has driven WhatsApp to 1 billion total daily users and 1.3 billion monthly users. That means a remarkably high 76% of WhatsApp’s monthly users come back daily. WhatsApp users now send over 55 billion messages per day, including 4.5 billion photos and 1 billion videos.

For reference, WhatsApp had just 1 billion total monthly users in February 2016, and 450 million monthly users and 350 million daily users in February 2014 when it was acquired by Facebook. Now that $19 billion price tag doesn’t seem so crazy.

Mark Zuckerberg announced the 250 million metric update during today’s successful Q2 2017 Facebook earnings call, and in a stats update on his Facebook profile. That’s up from 175 million, which Zuckerberg revealed 3 months ago on Facebook’s previous earnings call. He says that Facebook and WhatsApp are now building out teams to monetize their messaging apps. WhatsApp Status could be a natural home for vertical video ads just like the ones thriving on Instagram.

WhatsApp CEO Jan Koum followed up with his own blog post of stats, concluding that “As we celebrate this milestone, we’re committed more than ever to bringing you more useful features to enjoy, while delivering the reliability, simplicity, and security you expect with WhatsApp.”


The rapid global growth of WhatsApp Status in the first 6 months since it launched in February demonstrates that Snapchat left a huge market open for exploitation by focusing on U.S. teens instead of kids all around the world.

Recode.net : Twitter added zero new users last quarter

Twitter added zero new users last quarter
The company’s user growth is still a problem after all.

Twitter did not add any new users in Q2, a disappointing follow up to the what had been a promising start to 2017.

Twitter reported earnings Thursday morning, claiming 328 million total users — the same number it reported after Q1. Analysts had been hoping the company added around 4 million new users last quarter.


Twitter did beat Wall Street’s revenue expectations, bringing in profits of 12 cents a share on revenue of $574 million. Wall Street was looking for just $537 million in revenue.


Twitter’s daily active users also grew by 12 percent over the same time last year, a metric Twitter will likely tout as the company says it represents engagement. But Twitter doesn’t share how many daily active users it actually has, which makes its year-over-year growth tough to appreciate.

The user growth piece was they key. Twitter’s declining revenue has been blamed on the fact that the company had paltry user growth for almost two whole years — revenue was simply catching up.

But after adding a surprising 9 million new users last quarter, some hoped that was a sign Twitter’s business growth would eventually follow. Adding zero new users, though, is not what investors were looking for.

Twitter’s stock is down almost 6 percent in pre-market trading. We are reading through the company’s earnings and will update with whatever else we find.

>>> Procter & Gamble: Nelson Pelt'z Trian Fund Mgmt (owns $3.3 bln in PG) reiter

Procter & Gamble: Nelson Pelt'z Trian Fund Mgmt (owns $3.3 bln in PG) reiterates desire for Board seat and restructuring following Q4 results (89.30)
  • "Over the past 10 years, P&G's total return to shareholders is less than half that of its peers and it has been in the bottom quartile over most recent time frames.1 Trian believes P&G needs to address the root causes of this consistent underperformance, including deteriorating market share across most of its categories and excessive cost and bureaucracy. While P&G says it is addressing the underperformance issue, shareholders have heard similar promises in the past and results have not materially improved. Trian believes P&G can once again be a best-in-class performer but it must take decisive action that goes above and beyond what it has previously announced, including committing to significantly changing its overly complex organizational structure and slow moving and insular culture."
  • "Nelson Peltz has been involved with numerous successful turnarounds of consumer brands and businesses, and adding him to the P&G Board will help P&G become best-in-class. He will seek to ensure increased management accountability, a greater sense of urgency, sharper cost discipline, and a less insular corporate culture. As a motivated independent director, he will have a laser focus on long-term shareholder value creation that can accelerate positive change at P&G. Indeed, consumer companies where he has served on the board have produced materially higher earnings per share growth and greater total shareholder returns compared to the S&P 500."

FT : Deutsche asset management IPO ‘unlikely’ in 2017

Deutsche asset management IPO ‘unlikely’ in 2017

The listing of Deutsche Bank’s asset management division is “unlikely” to happen before the end of the year according to chief executive John Cryan

Deutsche said in March that it would list its asset management unit – raising about €2bn – at some point over the next two years.

“We continue on track to list our asset management group,” Mr Cryan told analysts on Deutsche’s quarterly earnings call on Thursday, adding:

Precise timing will be influenced by market considerations and by the need to obtain final regulatory sign off. It’s therefore unlikely that we’ll proceed with an IPO this year.

WSJ : Evacuate the Sandbox! Japan Is Freaking Out About Fire Ants

Evacuate the Sandbox! Japan Is Freaking Out About Fire Ants
A few hundred of the invasive, stinging insects—first discovered at a cargo port—have everyone from exterminators to sumo wrestlers taking extreme precautions; industrial-strength ponchos

TOKYO—The first invaders, hiding in a cargo container, landed in western Japan on May 20. They possessed powerful fangs to hold their victims down before pumping them with venom.

The intruders were caught and promptly destroyed, but as more marauders breached the nation’s borders, television-news shows began fanning concerns of a crippling attack.

Workers distributed wanted posters. Inspectors armed with poisoned bait swept through cargo ports with orders to kill entire colonies on sight. Even sumo wrestlers began taking precautions.

At the Kobe Municipal Minatojima Kindergarten about 2 miles from the first discovery site, children were banned from the sandbox. “It’s on the most likely path of infiltration,” explained the principal, Fumiko Miki.

The miscreants now terrorizing Japan are, in fact, ants. Fire ants, to be precise—a genus famous for its reddish-brown color and for painful jabs delivered from stingers in their abdomens.

These South American arthropods are generally no larger than 6 millimeters and are so commonplace in U.S. southern states that there is an annual festival named after them in Ashburn, Ga.

Nevertheless, since Japan first learned that these insects had arrived by hitching rides on foreign cargo, each new discovery has caused another round of breathless official reports, some of which have described the interlopers as foreign “assassins.”

No one is saying fire ants are pleasant. A swarm can consume small animals such as frogs, birds and even young livestock. Their sting is comparable to that of a wasp. In rare cases, an allergic reaction results in swelling or, in extreme situations, death.

To some outsiders, however, this island nation may be making a mountain out of an anthill. “This had to happen sometime,” said Adam Cronin, an ecologist at Tokyo Metropolitan University. “The response is a bit of the Japanese overreacting to anything that’s a bit scary.”

Japan’s fevered response is partly the result of a government ministry’s report that said the ants were responsible for 100 deaths a year in the U.S. The ministry backpedaled on July 18, saying it couldn’t verify the death figures and had removed the reference.

Around 100 people die in the U.S. from allergic reactions to insect stings every year, according to the American College of Asthma, Allergy and Immunology, an association of doctors. More than half are from bee and wasp stings. It doesn’t provide data on casualties caused by fire ants.

At a park near a Tokyo port where fire ants were found, a group of women playing tennis said they were warning their grandchildren about the invaders. One, Yoshiko Seki, 63 years old, said she wanted the government to import fire-ant detective dogs from elsewhere in Asia but feared they would take too long to arrive. “I am a bit scared,” she said.

After about two dozen fire ants were found in Nagoya in June, sumo wrestlers at a tournament there last week added sandals when outside the ring, upending their tradition. “Better safe than sorry,” said one wrestler.

Yoshiaki Hashimoto, an ant expert at the University of Hyogo in western Japan who helped identify the first specimens, said fire ants were probably in Japan already before the confirmed discoveries.
“The mild panic here is partly due to sensationalism in the mass media, with some reports falsely depicting fire ants as murderous,” said Mr. Hashimoto.

Joshua Blu Buhs, author of “The Fire Ant Wars: Nature, Science, and Public Policy in Twentieth-Century America,” said worries about non-native animals often reflect more general concerns about human immigrants and changes in national character.

He drew a parallel in Japan’s experience with how U.S. fire ant infestations in the 1950s were caught up in fears about communism. Some newspapers at the time referred to fire ants as “the red peril” and “fifth columnists,” he said.

Japan is a largely homogeneous nation with tight restrictions on immigration. It has been slowly opening its doors to foreign workers as it faces labor shortages.

At an emergency ant-policy meeting last week, Prime Minister Shinzo Abe told government ministers, “We will exert every effort to prevent the infiltration and settlement of fire ants.” He added, “It is necessary for everyone in the nation to recognize correctly the characteristics of fire ants and address the matter calmly.”

Fire ants are one of the most aggressive types of ant and have spread to several countries in Asia. The wave of fear in Japan began when a cluster of fire ants that came in on a shipping container from China were found in the western port of Kobe.

Later, a container that arrived in the port of Tokyo from southern China brought in over 100 fire ants as well as larvae and eggs. Queen ants have since also been identified, raising fears the insects will build nests and are here to stay.

Shares of pesticide makers have surged on the Tokyo Stock Exchange, and one manufacturer started selling ponchos made from industrial-strength material that allegedly protects the wearer from fire ants.

One problem: identifying what is a fire ant and what isn’t.

The self-taught expert who writes the “Fire Ant Police” Twitter feed in Japan said he has responded to hundreds of photos sent in of suspect ants.

“I just want to be helpful and relieve a bit of the people’s anxiety,” he said in an interview. “As of today, I have not yet been sent a picture of something I believe is actually a fire ant.”

>>> US early premarket gappers

Early premarket gappers
Gapping up:
  • CAPR +68.3%, GNC +12.9%, CAI +12.7%, AXTI +12.5%, BEDU +9.8%,MTBC +8.1%, NTRI +8%, NTGR +7%, MMSI +5.6%, GGG +5.3%, ANIK+5.2%, ORLY +5.2%, CLF +5.2%, BUD +5.2%, FB +5.1%, LLNW +5.1%,INVA +5%, KN +4.9%, TAL +4.5%, LPSN +4.4%, KRA +4.3%, SIRI +4.3%,TEF +4.3%, NOK +4.1%, IMAX +3.9%, BSX +3.6%, XLNX +3.4%, CPN+3.2%, POT +3.1%, PYPL +3%, MPWR +3%, EW +2.9%, DMRC +2.8%, GFI+2.8%, ALXN +2.6%, FTI +2.6%, HST +2.5%, ABX +2.5%, AEM +2.2%,HUN +2.1%, SNN +2.1%, GILD +2%, MT +2%, VZ +1.9%, TSCO +1.8%, EQT+1.8%, STO +1.8%, AAP +1.7%, AZO +1.6%, PG +1.6%, RDS.B +1.6%, KS+1.5%, CMCSA +1.5%, PX +1.5%, TECK +1.5%, SQ +1.4%, RDS.A +1.4%,KIM +1.3%, AKAO +1.2%, NOW +1.2%, RS +1.2%, KKR +1%, SPB +1%
Gapping down:
  • CUR -17%, AZN -15.5%, CYH -13.5%, ESND -12.8%, CMPR -10.4%, TWTR-9.5%, BWLD -8.3%, FFIV -8.3%, TTPH -7.2%, BMY -6.2%, MB -5.2%,WLL -4.6%, WHR -4%, FTNT -3.9%, RCII -3.8%, QEP -3.5%, ASGN -3.3%,DFS -2.6%, TER -2.2%, DB -2.2%, DNKN -2.1%, CDE -1.8%, THC -1.6%,KEX -1.5%, NVCR -1.3%, SB -1.2%, WPG -1.2%, LYG -1.1%, TBK -1%, SU-0.6%, VALE -0.5

WWD : Douglas Buys Another Spanish Perfumery Chain

Douglas Buys Another Spanish Perfumery Chain
The German beauty retailer is acquiring up to 103 stores and the e-commerce activity of Perfumerias If from Eroski.

PARIS – Douglas is making further inroads in Spain. The German beauty retailer said on Thursday that it is acquiring up to 103 stores and the e-commerce activity of Perfumerias If from Eroski, the Spanish retail group.

The amount Douglas is paying for the operation was not disclosed, but the Düsseldorf, Germany-based company said the deal is being financed by an additional 300-million-euro term loan extension that was secured in June, as well as existing liquid funds.

“With a strong footprint in the attractive northern area, Perfumerias If is one of the leading perfumery and cosmetics chains in the country,” Douglas said in a statement.

The beauty seller in early July completed the purchase of Grupo Bodybell, which has 223 stores in Spain.

“By integrating the Perfumerias If stores, Douglas will clearly become the new number one for beauty and cosmetics in Spain,” said Isabelle Parize, chief executive officer of Douglas. “The store network of Perfumerias If in the economically strong Basque region is an ideal addition to our combined Douglas and Bodybell businesses with virtually no overlap to our existing portfolio.”

Douglas has been highly acquisitive of late. In the past few months, alongside buying Bodybell, it purchased Limoni and La Gardenia, two leading Italian perfumery chains. The moves are part of the beauty retailer’s strategy of becoming the leader or strong number two in each market that it’s in.

Following the closing of the three transactions, Douglas will be operating more than 2,400 perfumeries in 19 countries across Europe.

Douglas, which carries more than 35,000 beauty products, generated sales of about 2.7 billion euros in its 2015-2016 fiscal year.

The company first entered Spain in November 1995. Its subsidiary there has 280 stores with more than 2,000 employees.