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VIDEO: Republic fashion chain: 'Weak sales'
2013-02-13 16:37:50| BBC News | Business | UK Edition
Clothing chain Republic has confirmed widespread fears, announcing that it has called in the administrators.
Tags: video
sales
fashion
chain
Attack on Fed Exposes Weak Patch Maintenance
2013-02-11 16:15:00| TechNewsWorld
While many Americans watched the wrap-up of the Super Bowl Feb. 3, the band of hackers called Anonymous broke into a Web-facing server at the Federal Reserve and pilfered a list of some 4000 people who work in the banking industry -- many of them ranking executives at banks and credit unions. Later in the week, the Fed acknowledged the break-in.
Tags: maintenance
attack
patch
weak
Nissan profits fall on weak demand
2013-02-08 10:13:20| BBC News | Business | UK Edition
Japanese car maker Nissan reports a big fall in third quarter profits, blaming weak demand, but keeps its full-year forecast unchanged.
Weak earnings outweigh jobs news; stocks slip
2013-02-07 17:04:03| Auto Parts - Topix.net
In this Tuesday, Feb. 21, 2012 file photo, traders work on the floor at the New York Stock Exchange in New York.
Vodafone service revenues down 2.2% on weak European markets
2013-02-07 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 2.0 percent from a year earlier to GBP 11.39 billion, hurt by continued weakness in European markets. Service revenue fell 2.2 percent to GBP 10.37 billion and on an organic basis was down 2.6 percent. Among its main markets, organic service revenues fell 0.2 percent in Germany, 5.2 percent in the UK, 13.8 percent in Italy and 11.3 percent in Spain. CEO Vittorio Colao said the company continues to work on cost control to offset the "very difficult" market conditions in Europe. As part of its growth initiatives, Vodafone launched the new Vodafone Red pricing strategy in five markets and said early take-up has been positive with over 2 million subscribers. It's also accelerating the integration Cable & Wireless Worldwide to strengthen its enterprise business. Enterprise revenues were down 2.5 percent in the latest quarter, while data revenues continued to grow, up 12.8 percent to GBP 1.7 billion. Data now accounts for 16.2 percent of group service revenue, and in Europe, over a third of customers are now using smartphones. Vodafone's capex reached GBP 1.5 billion in the quarter, little changed from a year earlier, while free cash flow fell 18 percent to GBP 1.2 billion. The company maintained its full-year outlook for free cash flow at the low end of the GBP 5.3-5.8 billion range, while adjusted operating profit should come in the upper half of the forecast range of GBP 11.1-11.9 billion. Despite the weaker revenue performance in Q3, Vodafone said it still expects an improving trend in the group EBITDA margin this year.
Tags: service
european
markets
weak
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