Nintendo sees first annual loss as Wii sales slide April 26, 2012 NINTENDO sank to its first annual operating loss as its consoles failed to stave off the rise of mobile gaming. The Japanese company fell to a ¥37.3bn (£285m) operating loss from a ¥171bn profit last year. Net profits plunged ¥43.2bn into the red compared to a ¥77.6bn profit last year. The Kyoto-based company saw sales [...]
Housebuilder Taylor Wimpey boosted by order book growth April 26, 2012 HOUSEBUILDER Taylor Wimpey said yesterday that stable market conditions and a growing order book had helped it make a strong start to 2012, at the higher end of its expectations. The UK’s second largest housebuilder by volume said that its order book, excluding legal completions to date, had risen 23 per cent since the end [...]
HUGO BOSS PLANS CHINA EXPANSION April 26, 2012 GERMAN fashion house Hugo Boss said yesterday it would focus on opening its own stores and expanding into China as growth in the rest of the luxury industry slows in 2012. The group reported first quarter sales of €607m with operating profit up 13 per cent at €148m.
Greenwich to host cruise liners April 26, 2012 ■ Plans for a cruise liner terminal in Greenwich were approved yesterday, paving the way for the royal borough to become a new destination on cruise ship itineraries. Mayor Boris Johnson gave the go-ahead to the plans yesterday, which could be complete in two years.
Logitech begins transformation April 26, 2012 ■ Logitech posted a 44 per cent profit slump in its full year results yesterday as operating income dropped by 50 per cent to $72m (£44.5m). But the company’s share price jumped by 17 per cent after a better than expected fourth quarter, which saw profits multiply ninefold to $28.3m and operating income soar from [...]
Mecom issues profit warning April 26, 2012 ■ Publishing group Mecom cut its full-year earnings forecast yesterday as its quarterly revenues dropped by six per cent. Slightly offset by lower operating costs and a three per cent rise in non-advertising revenue, the quarter was dragged down by a 12 per cent decline in advertising sales.
O2 releases its mobile wallet app April 26, 2012 ■ Yesterday saw the launch of O2 Wallet, the telecom giant’s answer to mobile banking. The app allows customers to transfer money to others – up to £500 a day – and digitise their credit cards to facilitate mobile shopping. The digital service cannot yet be used to pay in shops by tapping a phone [...]
How to get hired: 30 seconds in a lift with your future boss April 26, 2012 MAKING small talk with your boss as you ride the elevator together to the 33rd floor is probably something that most people try to avoid first thing in the morning, with the weather, weekend plans and last night’s television ranking high among the “safe” topics for discussion. But what if that 30-second journey was all [...]
TOPPING OUT THE HERON April 26, 2012 THE City’s first major residential development for 30 years reached a milestone yesterday, holding a topping out ceremony to commemorate reaching the highest point in the building of the Heron. Heron said that almost 80 per cent of the 285 apartments had now been sold.
On your bike: Raleigh pedals off to Holland April 26, 2012 THE CHIEF executive of Raleigh Cycle is set for a multimillion pound windfall after agreeing to sell the classic British bike business to a Dutch rival. Alan Finden-Crofts, a 42 per cent shareholder, will stay on at the 125-year-old company for six months after yesterday’s deal, which values Raleigh at about €76m (£62m) including debt. [...]
