ITV shows it has X Factor as sales rise November 14, 2011 ITV yesterday showed it still has the X Factor, reporting an jump in advertising revenue off the back of the Rugby World Cup and hit shows like Downton Abbey. However, the broadcaster is expecting the ad market to cool over an icy Christmas period, with projected revenues dipping as much as 10 per cent in [...]
Vivendi sees boost from new releases November 16, 2011 BLOCKBUSTER video game sales gave a power up to French conglomerate Vivendi, with a blistering Christmas period already guaranteed thanks to its record breaking Modern Warfare franchise. Its Activision games unit saw a year-on-year jump in profits for the first nine months of 38.6 per cent, with revenues up 4.8 per cent. The firm said its [...]
Qantas forced to ground planes as dispute deepens October 18, 2011 AUSTRALIA’S Qantas Airways has grounded two more planes due to an escalating industrial dispute which threatens to disrupt thousands of domestic flights leading up to the crucial Christmas period. Qantas warned yesterday of a maintenance backlog as aircraft engineers threatened to continue work bans until the end of the year, sending its shares down more [...]
Wolfson swings to $10m loss November 1, 2011 WOLFSON yesterday swung to a $10m (£6.3m) third-quarter loss and said weak demand meant it would not return to profitability until well into next year. The firm, whose audio chips are in Samsung handsets, also slashed its revenue forecast for the final quarter to $35-$40m, down from $46.1m. Chief executive Mike Hickey said order intake [...]
Wolfson swings to $10m loss November 1, 2011 WOLFSON yesterday swung to a $10m (£6.3m) third-quarter loss and said weak demand meant it would not return to profitability until well into next year. The firm, whose audio chips are in Samsung handsets, also slashed its revenue forecast for the final quarter to $35-$40m, down from $46.1m. Chief executive Mike Hickey said order intake [...]
Sales are strong at Asda but high fuel costs keeping shoppers away November 15, 2011 SUPERMARKET group Asda yesterday reported a pick up in third-quarter sales growth, helped by revamped own-brand food ranges and a pledge to be cheaper than rivals. Sales at stores open more than a year rose 1.3 per cent, excluding fuel and VAT sales tax, in the three months to September, Britain’s second-biggest supermarket group said [...]
THE TIPSTER November 27, 2011 MARKETS rarely go up or down in a straight line and why should the FTSE be an exception? Ten straight days of negative closes has left the FTSE 100 looking pretty oversold. Although sovereign debt concerns still hang over the market like a dark shadow, equities could experience a sharp pull back in coming days. [...]
Mother’s Day boosts takings at Greene King April 23, 2012 RECENT calendar highlights boosted Greene King as strong sales on Valentine’s Day, Mother’s Day and St Patrick’s Day drove business up 4.5 per cent in the quarter. The pub operator said it sold 220,000 meals on Mothering Sunday, a 16 per cent increase on 2011 with wine sales up 18 per cent. Greene King chief [...]
Mother’s Day boosts takings at Greene King April 23, 2012 RECENT calendar highlights boosted Greene King as strong sales on Valentine’s Day, Mother’s Day and St Patrick’s Day drove business up 4.5 per cent in the quarter. The pub operator said it sold 220,000 meals on Mothering Sunday, a 16 per cent increase on 2011 with wine sales up 18 per cent. Greene King chief [...]
Sainsbury’s boss defends growth plan as sales rise November 9, 2011 SAINSBURY’S chief executive Justin King said the supermarket chain shouldn’t be “apologising for investing in the UK economy” as he defended the group’s decision to open more than 1.4m square feet of new store space this year. The UK’s third biggest supermarket has been driving an ambitious expansion strategy and spent £682m in the first [...]