Samsung Forecasts Annual Profit Fall Of 32%

Strong smartphone competition is set to push annual profits down for the first time in three years at Samsung Electronics. The South Korean firm forecast a 32% fall in operating profit to $22.6bn (£15bn), ahead of the publication of its financial...

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M&S: Online Delivery Woes Hurt Xmas Sales

Marks and Spencer has revealed a sharp drop in clothing, gifts and homewear over Christmas, as it held back on discounting and suffered online delivery woes. The retailer also blamed an unseasonably warm autumn for a weak clothing performance as it...

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Tesco To Cut Stores and Jobs In Revival Plan

Tesco has confirmed it is to close 43 unprofitable UK stores and halt construction on almost 50 others as part of a plan to revive its fortunes. In the wake of four profit warnings last year and the accounting scandal which saw group chief executive...

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Supermarket Wars: Price Cuts Revealed

Sainsbury's and Asda have announced details of price cuts as their rival Tesco prepares to unveil its turnaround plan. Asda was first to confirm it was making £300m in customer savings during the first three months of the year,...

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Sainsbury's Suffers Worst Xmas In A Decade

Sainsbury's has reported a 1.7% fall in like-for-like sales over its Christmas quarter - the worst performance for a decade. The chain, which like its main 'Big Four' competitors has been losing business to hard discounters at the bottom and Waitrose...

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Energy Firms Say Low Oil Cost 'Passed On'

The energy industry has insisted it is passing on to consumers sharp falls in wholesale oil and gas costs after the Government said firms were being watched "like hawks." The body representing household suppliers spoke up after the Chancellor confirmed...

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Success Rolls On As Car Firm Posts Record Sales

Rolls-Royce sold more cars than ever before last year. The company delivered 4,063 cars in 2014 - its highest total in 111 years. A 12% increase on 2013 means sales have now risen five-fold since 2009. In 2014 sales rose 13% in the UK, 75% in Australia,...

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Rangers Rejects £18m Club Takeover Offer

Rangers has rejected an American financier's £18m bid to take a controlling interest in the club, on value grounds, as it seeks to avoid financial collapse. Robert Sarver, behind the Phoenix Suns basketball team, had offered an additional sum to buy...

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Sony Boss Breaks Silence Over 'Vicious' Hack

The head of Sony has called the cyberattack which derailed the release of comedy The Interview "vicious and malicious" in his first public comments about the devastating hack. Chief executive Kazuo Hirai thanked the company's supporters and praised...

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Investec Joins Race For RBS' Coutts Arm

By Mark Kleinman, City Editor The Anglo-South African financial services group Investec has joined a cluster of international banks eyeing bids for the international arm of Coutts, the wealth manager whose customers include Her Majesty The Queen. ...

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Osborne To Attack Labour's Spending Plans

By Jon Craig, Chief Political Correspondent Five Tory Cabinet ministers led by Chancellor George Osborne are to launch an assault on Labour spending plans they claim will be based on costings carried out by the Treasury. Mr Osborne, Theresa May,...

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Euro Sinks To Nine-Year Low Against Dollar

The euro has dropped to a nine-year low against the US dollar as investor fears over growth prospects continue to grow. On Monday morning the currency dropped 1.2% in value to €1.19, the weakest spot exchange rate since early 2006. The pound was...

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Cable Warns Bank Bosses On Branch Closures

By Mark Kleinman, City Editor Vince Cable has summoned Britain's biggest banks for fresh talks about branch closures after their bosses refused to renew a promise not to close hundreds of rural outlets. Sky News has learnt that the Business Secretary...

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Apple Sued Over iPhone And iPad Storage Space

A lawsuit has been filed against Apple, accusing the technology giant of promising more available storage space than it actually delivers in its iPhones, iPads, and iPod touch devices. The plaintiffs argue that while Apple advertises 16 gigabytes...

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Tory Vow To End Hefty Taxpayer-Funded Payouts

Tory Vow To End Hefty Taxpayer-Funded Payouts We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Cap Pledge On Public Sector Payouts" Video: Cap Pledge On Public Sector...

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