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Coles Returns Top Profits for Wesfarmers, Latest Results
Feb 29, 2016Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores. The parent company of Coles ...
Tags: Wesfarmers, Retail business
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China's Auto Industry Saw Total Sales Drop by 0.22% to 1.59 Million Units in February
Mar 11, 2015China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
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Sany Eyes More Deals in Emerging Markets
Jan 2, 2015Sany Heavy Industry Co Ltd is planning to increase investments in emerging markets like Venezuela, as the heavy machinery maker seeks ways to sustain growth amid tough market conditions at home. The company said on Thursday that its auto ...
Tags: Heavy Industry, Emerging Markets
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A Full-Year Net Profit Drop of a Brewery Is Significant
Nov 11, 2014South Australia's family-owned brewery, Coopers, said it experienced ongoing growth during the 2013-14 financial year with record sales and turnover figures. Its profits, however, dropped by 9.1%. Coopers is now the largest ...
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The Supermarket Has Announced Falling Profits for Second Year in a Row
Apr 17, 2014The supermarket has announced falling profits for second year in a row, dropping to £3.3bn. Tesco has reported a six per cent fall in group trading. For the second year in a row, the supermarket has announced falling profits, with ...
Tags: Tesco, supermarket
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Saudi Cement Posts a $68.3m (SAR 256m) Net Profit for The Fourth Quarter of 2013
Jan 20, 2014Saudi Cement has posted a $68.3m (SAR 256m) net profit for the fourth quarter of 2013 – an 8% fall from the $74.1m (SAR 278m) figure it recorded in the same period the previous year. The company attributed the profit drop to a ...
Tags: Cement, Construction, Decoration
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IBM Saw Its Net Income for Its Second Quarter of 2013 Drop by 17%
Jul 23, 2013IBM saw its net income for its second quarter of 2013 drop by 17 per cent compared to the same period in 2012. The company earned $3.23bn, compared with $3.9bn 12 months ago. Total revenue for Q2 stood at $24.9bn, down three per cent on ...
Tags: IBM, economy, Computer Products
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HTC's Share Value Has Dropped by Seven Per Cent After Friday's Announcement
Jul 9, 2013HTC's share value has dropped by seven per cent after Friday's announcement that the Taiwanese phone maker had suffered an 83 per cent profit drop compared to the second quarter of 2012. Shares in HTC are now worth only $189, harking back ...
Tags: HTC, smartphone
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Tesco Continues to Struggle Across Europe
Jun 6, 2013Tesco continues to struggle across Europe, with like-for-like sales excluding petrol down 5.5% as “tough economic conditions, challenging competitors and over-dependence upon out-of-favour hypermarkets” take their toll. ...
Tags: chilled convenience meals, frozen beef, Tesco, Darren Shirley
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Ericsson Plans to Close Its Copper Telecoms Cable Manufacturing Facility in Sweden
May 28, 2013Ericsson has announced it plans to close its copper telecoms cable manufacturing facility in Sweden, at the cost of 354 jobs. "The decision is based on the fact that Ericsson's production of telecom cables is small from a global ...
Tags: Ericsson, Consumer Electronics
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Vodafone's Revenue Dropped 4.2% Because of Tough Economic Conditions
May 24, 2013Vodafone's revenue dropped 4.2 percent for its fiscal year to March 31, because of tough economic conditions, particularly in Southern Europe. The operator's group revenue dropped to APS44.4 billion (US$67.8 billion) for the year ended ...
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China Is Likely to Make Substantive Moves This Year
May 23, 2013China is likely to make substantive moves this year toward initiating an anti-dumping investigation into wine imported from the eurozone, the China Security Journal reported on May 21, 2013. The government may take a further step in ...
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Cutting Back Subsidies to LED Sector
May 15, 2013The Chinese government has been cutting back on subsidies to manufacturers of LED chips, a reason some companies are blaming for their poor first quarter results. This points to a change in approach to policies over the once-hyped sector ...
Tags: LED industry, LED Sector, LED
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Retail Giant Tesco Has Reported Pre-Tax Profits Down 51% to 1.96bn
Apr 18, 2013Retail giant Tesco has reported pre-tax profits down 51% to 1.96bn – its first profit drop in 20 years – and revealed plans to close its US chain of Fresh & Easy shops in its full-year results for the 52 weeks to February 23. ...
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Indian Outsourcer Infosys Saw Its Profit Drop Even as Revenue Grew in The First Quarter
Apr 16, 2013Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets. The ...
Tags: Infosys, Computer Products