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Sony cuts full-year profit forecast by 40%

Published on October 31st, 2013 | by The GC Team

Sony today cut its full-year profit forecast by 40%, stating that it expects to make a net profit of ¥30 billion in the financial year to 31 March 2014, down from the ¥50 billion forecast in ... Read More


Sharp posts Q2 net profit

Published on October 31st, 2013 | by The GC Team

Sharp has posted a second-quarter net profit of ¥13.6 billion, against a ¥17.9 billion loss in the first three months of its fiscal year. The company reported a tenfold rise in comparable operating profit, from ¥3 ... Read More


Loewe announces new investor

Published on October 28th, 2013 | by The GC Team

Loewe today announced it has received a specific written offer from a bidder confirming commitment to a long-term investment, which will support the strategic realignment of the German manufacturer’s business. Loewe was granted permission to carry ... Read More


Kitchen Appliances Direct “forced” into administration

Published on October 25th, 2013 | by The GC Team

Leeds-based Clark Business Recovery has been appointed to assist online retailer Kitchen Appliances Direct in the process of entering into administration. A spokesperson for Clark Business Recovery today told GC that “a notice of intention to ... Read More

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