Dell disappoints with glum view February 21, 2012 Dell shares fell after hours yesterday after the tech firm forecast fiscal first-quarter revenue below Wall Street’s expectations, stoking fears the PC industry has not fully emerged from its downturn. The world’s third-biggest personal computer maker projected sales would be down seven per cent this quarter from the previous quarter, when it posted revenue of [...]
Kraft forecasts earnings growth February 21, 2012 Kraft Foods has forecast earnings growth of at least nine per cent this year even as it prunes its portfolio of North American brands. Kraft, due to split in two this year, forecast 2012 net revenue growth of about five per cent, including a hit of up to one percentage point from “product pruning” in [...]
Macy’s expects sales gains February 21, 2012 Macy’s expects further sales gains this year, helped by the broad array of exclusive and private brands that led to a higher profit in the holiday quarter. For the new fiscal year just under way, Macy’s expects sales at stores open at least a year to rise 3.5 per cent. Macy’s reported net income of [...]
Home Depot beats Street forecast February 21, 2012 Home Depot quarterly results have beaten Wall Street estimates as a warm winter boosted sales at the world’s largest home improvement chain by pulling some spring demand forward. Home Depot’s quarterly sales rose 5.9 per cent to $16.01bn (£10.2bn) in the fourth quarter ended on 29 January, well ahead of the analysts’ average estimate of [...]
Tesco changes tack on job scheme February 21, 2012 Supermarket giant Tesco yesterday agreed to start paying young people taking part in the government’s work experience scheme, in a bid to halt growing complaints about the programme. Tesco had been advertising long-term, unpaid positions for those on jobseekers’ allowance.
Everything Everywhere’s vow to invest February 21, 2012 EVERYTHING EVERYWHERE has pledged to invest at least £1.5bn over the next three years in improving network speed, reliability and coverage. The promise, first reported by City A.M. in December, came as the hybrid telecoms group reported a 2.1 per cent annual increase in underlying service revenue due to high demand for data plans. Adjusted [...]
Olympus in mourning as India boss Omori found hanged at Delhi home February 21, 2012 A SENIOR executive at troubled camera firm Olympus issued an apology before apparently committing suicide outside his home in Delhi. Tsutomu Omori, 49, head of the company’s medical equipment business in India, was found hanging, police said yesterday. His body was apparently discovered in a garden or park near his upmarket flat in the Gurgaon [...]
PayPal expands Irish office with 1,000 new jobs February 21, 2012 PAYPAL, the online payment facilitator, plans to create one thousand new jobs in Dublin by establishing a new operations centre in the Irish capital by July. The eBay subsidiary has held its European headquarters in Dublin, where it already employs up to 1,500 staff, since 2003. Taoiseach Enda Kenny welcomed the move, calling it “a [...]
Yandex to show new tweets February 21, 2012 Twitter has joined hands with Yandex in a deal to allow Russia’s top search engine to display new tweets almost instantly in the results it brings up. While the companies declined to give financial details of their partnership, a similar deal saw Microsoft – whose search engine Bing has less than one percentage point more [...]
Genus boosted February 21, 2012 Genus shares have jumped two per cent as the animal genetics company reported a 25 per cent rise in pre-tax profits to £23.3m and announced an interim dividend.
