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EA reports 51% surge in profits

Posted:
24 July 2014 10:31

US –based video game publisher Electronic Arts (EA) has reported a 51% rise in profits from April to June, boosted by a strong performance by key titles such as Titanfall and FIFA 2014. The new generation of gaming consoles also boosted the firm to $335 million (£196 million) in net ...read more

Small rise in interest rates will create “debt peril” for thousands

Posted:
24 July 2014 10:23

A report by the Resolution Foundation think tank has said that even a relatively “benign” rise in interest rates could double the number of households facing a debt “crisis”.The report said that by 2018, 1.1 million households could be in "debt peril", compared with the current 600,000, spending over half ...read more

UK retail sales warm with the weather

Posted:
24 July 2014 10:23

Retail sales in the UK saw a bounceback in July according to the Confederation of British Industry (CBI).  The business group’s Monthly Distributive Trades Survey showed that 46% of retailers reported a rise in sales volumes in July, with 25% reporting a fall. The balance of 21% was a significant ...read more

La Senza administrators to shut an extra 12 stores

Posted:
23 July 2014 10:44

Administrators of lingerie firm La Senza are to close an additional 12 stores over the next few weeks in Cambridge, Brighton, Leeds Trinity, Northampton, Canterbury, Derby, Kingston, Maidstone, Bluewater, Cardiff, Edinburgh and Silverburn Glasgow.The move, which follows the closure of six stores recently, is anticipated to impact 130 employees.“We have ...read more

Flybe continues momentum as growth rises

Posted:
23 July 2014 10:42

Low-cost airline Flybe has reported an “encouraging” start to the year, in line with management expectations. In a statement, the company said that the trading performance, which saw a 9.5% increase in passenger revenue, showed the benefit of its “disciplined approach” across four focus areas: capacity, revenue, costs and organisation.Saad Hammad, ...read more

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