020 7432 8855 to advertise
Supermarket chain Tesco has confirmed the 43 stores that it will be closing as part of plans to cut costs across the business. It is thought that approximately 2,000 staff will have their jobs cut from March 15th for Express and Homeplus stores and from April 4th for Metros and...
Fashion retailer H&M has said that it is looking into expanding its range with new concepts such as sportswear and beauty products as well as planning to open 400 stores this year.The news comes as pre-tax profit rose by 7% to 7.80 billion Swedish crowns (£627 million) in the three...
Apple has announced the biggest quarterly profit ever made by a public company according to analysts, with a net profit of $18 billion (£11.8 billion) in the three months to December 27th.It has been reported that "staggering" demand for its flagship product the iPhone was behind the rise, with the...
Swedish furniture company Ikea reported flat profits last year, despite a rise in sales worldwide, as the group chose to focus on boosting benefits for employees.Net profit was Eu3.3bn (£2.4bn) in the 12 months to August 2014 on a sales rise of 5.9%. This was held back by a Eu200...
Yahoo has said that it will spin off its 15% stake in China’s e-tail giant Alibaba group to focus on its core business. The US-based firm is expected to create a separate company, called SpinCo, for its Alibaba stake and will subsequently sell the business to shareholders.The move, engineered by...
Exeter-based airline Flybe has seen shares fall by more than a quarter on Monday after the airline said that annual results would be worse than expected.The low-cost regional airline said that it was expecting to ”break-even" for the year to March 31st, after passenger revenues dropped 3.8% to £126.8 million...
Software giant Microsoft has reported that its profits have fallen 10.6% in the three months to the end of December compared to a year earlier.However, sales for the quarter (£26.5 billion) were better than expected with good sales of Xboxes and overall the company sold around 6.6 million consoles. In a...
Bryan Stockton, chief executive and chairman of Mattel has resigned after his company reported a 6% fall in sales over the Christmas season. Board member Christopher Sinclair will take over for the time being until a replacement is found.Full-year net profits fell more than $400 million (£266 million) to $498.9...
It has been reported that after “several approaches” Sir Philip Green is considering selling department store chain BHS. The reports follow the news from Companies House that in 2013 BHS lost £69.6 million on sales, down 3.5% from the year before. BHS was founded in 1928 in Brixton and is part...
The board of Irish airline Air Lingus is considering a Eu2.55 per share offer from BA owner IAG, having rejected two previous bids from the group last year.Any acceptance of the revised offer of Eu1.36 billion will depend on both rival airline Ryanair which has a 29.8% stake in Aer...
Why not sign up for daily news emails?
