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Video game company Nintendo has said that it is standing by its forecasts of a full-year operating profit of 40 billion yen, its first annual profit in four years, after it beat analysts’ expectations for the three months to September. In the July-to-September quarter the company reported operating profit of...
Air France-KLM has said that the pilot’s strike last month has cost it €416 million (£328 million). Combined with a seasonal dip in demand, this reduced operating profit at the company by more than half.Air France finance director Pierre-Francois Riolacci said: "Over and above the effects of the strike, we...
A £125 million deal to save Luton-based Monarch airlines will see 700 redundancies and pay cuts reaching 30% as the company transfers ownership.Over 90% of union staff at the company agreed to the changes, with two-thirds of the redundancies voluntary.Jim McAuslan, general secretary of the British Airline Pilots' Association, said:...
Japanese retail sales have shown a third consecutive month of growth in September, a sign that the economy can withstand a further tax increase due to take place next year.The 2.3% rise topped analysts’ expectations of a 0.6% rise, driven by increases in apparel, food and beverage sales."The recovery in...
Retailers in America including Target, Walmart and Kohl’s Corp are rejecting Apple’s electronic payments service, Apple Pay.Some retailers are developing their own systems, whilst some have refused to accept Apple Pay at their stores altogether.The payment service, which was launched in September, is an app that allows customers to purchase...
Consultancy firm EY has said that UK-based firms have announced the most profit warnings in a financial quarter since 2008, including supermarket Tesco and Next. In Q3 of 2014, 69 UK-based companies issued profit warnings, up from 56 in the same period in 2013 and the highest level for the...
Spirit Pub Company has said that an offer from Dublin-based company C&C has been rejected by the board of the company, which is currently in negotiations with rival Greene King.C&C said buying Spirit would "transform C&C and enhance long-term shareholder value". It added: "C&C's management team is experienced in running...
One of the Bank of England’s MPC (Monetary Policy Committee) executives has said that it should increase interest rates now in order to keep inflation “gradual and limited”.Ian McCafferty has been pushing for a rise since August, despite current data showing a softening of growth in the UK economy.However, Mr...
Victoria Beckham has been named as Britain’s top entrepreneur based on the turnover and rate of job creation at the former Spice Girl’s fashion label.Management Today’s list of Britain’s 100 most successful entrepreneurs of 2014 also includes Amit and Meeta Patel of London-based pharmaceutical company Auden McKenzie, Mahmud Kamani of...
Gross Domestic Product (GDP), the measure of the UK’s growth, slowed in the third quarter of the year, in-line with analyst expectations. Official figures released by the Office for National Statistics (ONS) this morning, showed growth of 0.7% following growth of 0.9% in the second quarter.All four sectors, including the services...
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