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Homebase to close a quarter of stores

Posted:
22 October 2014 10:03

Home Retail Group is to close a quarter of stores at its DIY chain Homebase following a review of the business. The company said that a number of its 323 Homebase stores are either “unprofitable or are in decline" and would face closures under a three-year transformation plan, but insisted ...read more

McDonald’s and Cocoa Cola see profits fall sharply

Posted:
22 October 2014 09:56

Two of the US’ largest food and drink groups saw a significant downturn in profits in the quarter year to September, due to lower sales in their domestic market.McDonald's saw earnings fall 30%, whilst Coca-Cola's fell 14%, with revenues down 4.6% at the fast-food chain and broadly flat for the ...read more

Lufthansa pilots expand strike action

Posted:
22 October 2014 09:56

Pilots at German airline Lufthansa have said that they will extend their strike action, currently on its eighth day, to international routes, hitting 200,000 passengers.The strike, over proposed changes to retirement and pensions, is expected to deliver a blow to Lufthansa’s profits.  Simone Menne, Lufthansa's chief financial officer, said in ...read more

ASOS sees fall in annual pre-tax profits

Posted:
21 October 2014 09:20

Online fashion giant ASOS has seen a fall in its annual pre-tax profits, following a challenging year for the firm. Profit before tax came in at £46.9 million compared to £54.7 million the previous year. The company has issued three profit warnings in the past year and has pledged to ...read more

iPhone launch boosts Apple to record quarter

Posted:
21 October 2014 09:18

Apple Inc. shares rose in late trading after the tech giant’s quarterly results exceeded expectations on stronger-than-anticipated iPhone sales.Strong iPhone sales were the key drivers behind Apple’s positive results. The company sold 39.27 million iPhones in the quarter ended Sept. 30, up from 33.79 million units in the previous year. ...read more

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