PlayStation 4 sales reach 18.5m worldwide to cheer Sony following cyber-attack January 6, 2015 The PlayStation 4’s popularity as a Christmas present this holiday season has pushed sales of the Sony games console to 18.5m worldwide. According to the company, around 4.1m units were sold over the period from 23 November to 4 January. Despite the well-documented problems plaguing other areas of the company, Sony will undoubtedly [...]
City Link administrators sell off £1.125m of assets January 6, 2015 City Link administrators EY have sold partial assets from the defunct parcel service, raising £1.125m to help pay off its creditors, which includes a £20m debt owed to private equity owner Better Capital. Joint administrators Hunter Kelly, Charles King and Tom Lukic have sold cages, scanners and certain intellectual property to Aim-listed rival DX [...]
Record Christmas sales to drive full-year growth at House of Fraser January 6, 2015 House of Fraser has reported a record Christmas, buoyed by Black Friday and strong online sales growth, helping lift expectations for the department store group's full-year results. Like-for-like sales for the six weeks to January 3 rose eight per cent, with online sales up 31.2 per cent while sales from bricks and mortar stores [...]
Sony Hack: Chief executive Kazuo Hirai breaks silence on “malicious” cyber-attack January 6, 2015 Sony's chief executive Kazuo Hiari yesterday broke his silence on the hacking scandal which has engulfed the company since November, at the International CES trade show in Las Vegas. In his first public comments on the cyber attack, Hiari said former and current employees of Sony were victims of "one of the most malicious cyber-attacks [...]
Robert Sarver: Phoenix Suns owner circles for Glasgow Rangers FC January 5, 2015 Robert Sarver, an American financier and owner of the Phoenix Suns basketball team, has made an approach for Glasgow Rangers, the football club confirmed in a statement yesterday. The approach remains unofficial, with Rangers adding in the statement that “there can be no certainty that an offer will be made, nor as to the terms [...]
Christmas sales flop for UK’s supermarkets January 5, 2015 SUPERMARKETS’ sales were flat on the year over the Christmas period, as the retail giants received little benefit from the economic recovery, industry data showed yesterday. By contrast, consumers were happy to shop elsewhere over the festive season – Black Friday was the biggest shopping day ever, according to numbers from Barclaycard. Supermarket grocery sales [...]
John Lewis calls for an end to heavy Black Friday discounting January 5, 2015 JOHN Lewis boss Andy Street has urged UK firms to hold back on Black Friday discounting because of its heavy cut to profits. The retailer’s managing director said the American-inspired sales day at the end of November gave John Lewis its biggest trading week on record, with sales up 22 per cent on last year, [...]
General Election 2015: Back to the 30s? How Labour is misleading the electorate January 5, 2015 Friday 19 December 2014 was a happy day for many Londoners, marking their last in the office before Christmas. Yet amid all the festivities, you’d have been forgiven for missing something equally joyous. That Friday also marked the official start of the “long” UK general election campaign. Mercifully, the parties struck something of a [...]
New Year resolutions: Products to help make 2015 fitter, healthier and more organized January 5, 2015 Another festive season draws to a close, another year begins, and with it comes the mass promise-making that takes place every January. Across the globe people are resolving to cut out chocolate, carbs, social media, cigarettes and take up great novels, another language, or jogging. Even those who profess to have made no resolutions harbour [...]
M&S share price suffers after downgrade ahead of third quarter results January 5, 2015 Marks & Spencer shares fell over three per cent in mid-afternoon trading after a downgrade by investment bank Societe Generale and as it prepares to report third quarter sales figures later this week. The British retailer started the new year on the back foot after analysts at Societe Generale took the stock rating from "buy" to [...]