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FTSE 100 higher despite M&S share fall

2016-05-25 09:56:14| BBC News | Business | UK Edition

The FTSE 100 rises in early trade but shares in M&S slide after the retailer says its turnaround plan is set to hit profits.

Tags: share fall higher ftse

 

Netflix Lineup Gets Big Boost This Fall

2016-05-24 23:03:48| PC Magazine Software Product Guide

In September, Netflix will be the exclusive US pay-TV home of the latest from Disney, Marvel, Lucasfilm, and Pixar.

Tags: big fall boost lineup

 
 

Sony forecasts fall in FY results on earthquake impact

2016-05-24 13:23:00| Telecompaper Headlines

(Telecompaper) Sony has warned for lower sales in the current fiscal year to March 2017, hurt by the impact of an earthquake in Japan on its components business and negative currency effects. The company delayed issuing an annual forecast when it presented its last annual results in April, as it evaluated the impact of the earthquake and the disruption to activities at its main centre for producing image sensors. It now expects annual sales will fall to JPY 7.80 trillion from JPY 8.11 trillion last year, due to lower components sales and weaker revenues from mobile phones, consumer electronics and its music business. Growth in Playstation and restructuring of the mobile business is expected to lead to a slightly increase in operating profit this year, to JPY 300 billion from JPY 294 billion last year. This includes an expected negative impact of JPY 115 billion from the earthquake on operating profit. Net profit will still fall to an estimated JPY 80 billion from JPY 148 billion last year due to higher taxes and the absence of one-time divestment gaines. 

Tags: results fall sony impact

 

Ryanair says fares to fall 7% this year

2016-05-23 08:37:33| BBC News | Business | UK Edition

Budget airline Ryanair says its average fare will fall 7% this year as it reports a huge rise in profit.

Tags: this year fall fares

 

The rise and fall of Britain's steel industry

2016-05-22 01:19:55| BBC News | Business | UK Edition

The rise and fall of Britain's steel industry

Tags: industry fall rise steel

 

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