Will we get car licenses instead of car sales soon?

Will we get car licenses instead of car sales soon?

26/04/2015 in Automotive

General Motors and tractor manufacturer John Deere have presented a report surrounding the new American Digital Millennium Copyright Act (DMCA), proposing to give consumers a car license instead of actual car ownership. ...

Electrolux exceeds expectations

Electrolux exceeds expectations

26/04/2015 in Electronics

Household appliance manufacturer Electrolux' first quarter results were much better than analysts had expected, although positive exchange rates were a large factor in that result. By comparison, the Swedish company's profits dropped. ...

Sainsbury's cuts another 800 jobs

Sainsbury's cuts another 800 jobs

24/04/2015 in Food

Britain's number three in supermarkets, Sainsbury's, had already cut 500 office jobs at the start of 2015, but will now also cut 800 jobs in supermarkets as well. The intense price war across the Channel is causing casualties... ...

Olivier Baraille exchanges Ikea Belgium for Ikea France

Olivier Baraille exchanges Ikea Belgium for Ikea France

24/04/2015 in Furniture

Olivier Baraille, currently the CEO of Ikea Belgium, is to become Ikea France's CEO on 1 May. He will replace Stefan Vanoverbeke, who will take charge of Ikea Southwest Europe.

Investments lead to losses at Amazon

Investments lead to losses at Amazon

24/04/2015 in m-Tail

Amazon has suffered another big loss in 2015's first quarter, which comes somewhat as a surprise after last year's sizable profit in the first quarter. The main reason for the difference is the fact that Amazon has made several big investments. ...

Record loss for Tesco in abysmal fiscal year

Record loss for Tesco in abysmal fiscal year

24/04/2015 in Food

One small highlight in Tesco's horrendous fiscal year 2014/15: in its fourth quarter, the company has managed to realize like-for-like volume growth for the first time in 4 years. Turnover is on a continuous slide, but there was at least one thing Te...

Dixons Carphone sells Dutch and German Phone House branches

Dixons Carphone sells Dutch and German Phone House branches

24/04/2015 in Electronics

British telco Dixons Carphone has sold the Dutch branch of The Phone House to local competitor Optie 1, just days after selling its German branch to the German telecoms company Drillish AG.

McDonald's lower turnover causes profit crash

McDonald's lower turnover causes profit crash

23/04/2015 in Food

McDonald's has been unable to stop the negative spiral it is in: like-for-like turnover dropped 2.3 % in its first quarter of 2015 and operational profit even plummeted 28 %.

Kering's luxury brands also experience turnover drop

Kering's luxury brands also experience turnover drop

23/04/2015 in Fashion

Much like other luxury companies, French Kering struggled from lower Asian sales and averse exchange rates. Several of its brands have suffered turnover drops, but the company did manage to boost turnover to 2.65 billion euro, partly because of Puma...

Strong North American sales boost Coca-Cola's turnover

Strong North American sales boost Coca-Cola's turnover

23/04/2015 in Food

Soft drink manufacturer Coca-Cola has witnessed a first quarterly turnover growth in the last nine quarters. A 6 % increase in North American turnover, the company's largest market, helped boost turnover.

Food

Record loss for Tesco in abysmal fiscal year

Record loss for Tesco in abysmal fiscal year

One small highlight in Tesco's horrendous fiscal year 2014/15: in its fourth quarter, the company...

Fashion

Kering's luxury brands also experience turnover drop

Kering's luxury brands also experience turnover drop

Much like other luxury companies, French Kering struggled from lower Asian sales and averse exchange...