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Adidas Fourth-Quarter Loss Narrows, Offers Bullish Outlook
Mar 13, 2016Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok
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HP Is to Axe 1,124 UK Jobs at The Start of 2014 in a Move
Dec 5, 2013HP is to axe 1,124 UK jobs at the start of 2014 in a move that union Unite claimed was a result of "a long-term addiction to a culture of job cuts". The systems giant is cutting 29,000 jobs worldwide - some eight per cent of its workforce ...
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Sony Has Hired Two Former Apple Execs
May 31, 2013Sony has hired two former Apple execs as it tries to build momentum behind its latest Xperia smartphones and tablets. Joining Sony's board are Eikoh Harada, the former head of Apple Japan, and Tim Schaff, who worked for the iPhone ...
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HP's Shares Rose Results Beat Analysts' Low Expectations
May 28, 2013HP's shares rose after the world's largest PC maker's quarterly results beat analysts' low expectations, as CEO Meg Whitman's restructuring programme begins to take shape. The Palo Alto, California-based firm's profits for the second ...
Tags: HP, Computer Products, Shares
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Ciech Published Its Report for Q1 2013, EBITDA Amounted to PLN 132 Million
May 21, 2013Ciech published its report for Q1 2013. EBITDA (operating profit plus the value of depreciation/amortisation) amounted to PLN 132 million, compared to PLN 95 million in Q4 2012 and PLN 126 million in the same period a year earlier. ...
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Sony Has Moved Back Into Profit for The Financial Year to 31 March
May 13, 2013Sony has moved back into profit for the financial year to 31 March, reporting profits of 43bn yen (280m), after four consecutive years of losses. The Japanese firm said it expected earnings to grow by an additional 16 per cent this year ...
Tags: Sony, Computer Products
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Halogen and LED Lamps Has Moved Its European Headquarters to Corby in The UK
Mar 26, 2013A company which works with some of the largest retailers and electrical distributors in the world supplying private label and branded compact fluorescent, halogen and LED lamps has moved its European headquarters to Corby in the UK, further ...
Tags: lighting stage, lighting, LED lamps
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TCP Has Begun Growing Its UK Workforce
Mar 20, 2013TCP's new European headquarters The LED lamp manufacturer Technical Consumer Products (TCP) has begun growing its UK workforce after relocating its European headquarters from the Netherlands to Corby in the UK. The US company opened its ...
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HP Has Not Been Able to Innovate or Hold on to Talent in Recent Years
Mar 18, 2013HP has not been able to innovate or hold on to talent in recent years, according to former Autonomy boss Mike Lynch. Lynch, who was in charge of Autonomy when it was sold to HP in October 2011 for $11.1bn (£7bn), left the HP ...
Tags: HP, Computer Products
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HP's Purchase of Autonomy Is Under Investigation by The Serious Fraud Office
Mar 13, 2013HP has confirmed that its purchase of Autonomy is under investigation by the Serious Fraud Office (SFO), despite Autonomy's former CEO Mike Lynch (pictured) claiming that he had heard "absolutely nothing" from the investigative body. HP ...
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Mike Lynch Has Stoked The Fire Against HP in His First on-Stage Interview
Mar 4, 2013Mike Lynch, the former CEO of Autonomy, has stoked the fire against HP in his first on-stage interview since the war of words between his former company and its acquirers began. HP shares up amid signs of confidence in restructuring ...
Tags: Autonomy, HP, accounting irregularities
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Whitman Warned That There Would Be 27,000 Job Cuts by 2013
Feb 25, 2013Shares in Hewlett-Packard rose six per cent on Wall Street yesterday following better than expected results for the three months to the end of January. While sales dropped by six per cent and profits declined by 16 per cent from the ...
Tags: Hewlett-Packard, sales, company news
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Redd&Whyte Has Announced a Further Senior Appointment
Jan 21, 2013Redd&Whyte, the specialist developer of enabling liquid handling technology, has announced a further senior appointment as part of a significant restructuring programme, in order to expand Redd&Whyte's customer base across Europe and north ...
Tags: Redd&Whyte, Chairman, Biomedical Industry
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PepsiCo Has Booked a Drop in First-Quarter Profits
Dec 13, 2012PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
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Pilgrim's Pride Has Reported Its Third Consecutive Quarterly Profit
Dec 12, 2012US poultry producer Pilgrim's Pride has reported its third consecutive quarterly profit, with the bottom line boosted by restructuring initiatives. The company said its earnings rose to US$42.9m in the July-to-September quarter, ...