Headlines from the Proactive UK newsroom.
Seeing Machines (LON:SEE) has signed a contract to install its Guardian fatigue monitoring system in up to 120 of Bison Transport’s trucks. Bison is one of Canada’s largest trucking firms and was recently named North America's Safest Fleet.
Internet of things hardware group Telit Communications (LON:TCM) has concluded a successful test run of its new industrial-grade 5G data card. The trial was conducted on a live 5G network in Korea.
SDX Energy (LON:SDX) has begun a 12 well drilling campaign on its 75% owned Gharb Basin acreage in Morocco. The programme will target a mean 15 billion cubic feet of gas, with the first seven wells to be appraisal holes close to existing infrastructure.
VR Education’s (LON:VRE) Engage platform has been selected by Facebook for its Oculus headset software vendors programme. As a result, Engage will be available for the first time via a special portal exclusively for software and developer clients of the Oculus business.
Barclays’ third quarter was dented by a £1.4bn charge for further pay-outs relating to mis sold Payment Protection Insurance as claimants rushed to meet the August cut-off date. The PPI charge cut pre-tax profits by 84%.
Amazon’s shares slumped overnight after the US retail giant posted its first drop in quarterly profits in two years. Costs rose due an ambitious plan to deliver packages in one day. The online merchant said growth would also slow over the next three months.
WPP (LON:WPP) beat gloomy expectations in the City with organic sales up 0.7% in the last three months. The advertiser appears to be turning a corner after stiff competition from Google and Facebook.