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VIDEO: Hong Kong shoe shops hit by rent hike
2015-09-24 02:56:47| BBC News | Business | UK Edition
The last shoe shop on Hong Kong's Wong Nai Chung Road is closing - forced to shut by rising rents.
Diageo says sales trends improved, foreign exchange hit worsened
2015-09-23 12:39:40| Beverages - Topix.net
The maker of Smirnoff vodka, Guinness beer and Johnnie Walker whisky said sales volume has grown by a mid single-digit rate, reflecting improved growth trends and an easy comparison with a year-earlier period that saw weak performance, particularly in the United States. "The year has started well and performance is in line with our expectations," said Diageo Chief Executive Ivan Menezes in a statement on Wednesday.
Tags: sales
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foreign
Diageo warns of US$230m hit to bottom line as ForEx bites
2015-09-23 12:05:21| Daily beverage news and comment - from just-drinks.com
Diageo has said it expects its operating profits for fiscal-2016 to take a GBP150m (US$231.8m) hit, due to adverse exchange rate movements.
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bottom line
Volkswagen says 11 mln cars hit by scandal
2015-09-23 10:55:22| Automakers - Topix.net
Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars around the globe as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn. The world's largest automaker said it would set aside 6.5 billion euros in its third-quarter accounts to help cover the costs of the biggest scandal in its 78-year-history, blowing a hole in analysts' profit forecasts.
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scandal
Volkswagen hit by multiple probes in US
2015-09-23 01:01:26| BBC News | Business | UK Edition
Volkswagen is the target of several US investigations including reportedly a criminal probe by the Department of Justice.
Tags: us
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volkswagen
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