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UK retail tipped for a "weak" Christmas

2016-10-26 13:18:00| Daily apparel & textile news and comment - from just-style.com

Another weak Christmas is in store for UK retail, with total retail sales likely to increase by 1.5% in the fourth quarter, down on the 1.8% growth recorded last year, new figures show. 

Tags: christmas retail weak tipped

 

Study: Weak Signals Crush Intel iPhones

2016-10-20 23:02:49| PC Magazine Cell Phones Product Guide

iPhone 7 units with Intel modems don't do nearly as well as their Qualcomm brethren in weak signal conditions.

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Weak minimum wage compliance in Asia garment industry

2016-10-07 16:07:00| Daily apparel & textile news and comment - from just-style.com

The rate of minimum wage non-compliance among seven major garment exporting nations in Asia is highest in the Philippines and India, according to a new report, with more than half of workers in these countries under-paid.

Tags: industry minimum asia compliance

 

Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand

2016-09-30 08:25:00| Telecompaper Headlines

(Telecompaper) Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing inadequate investor demand. The company "has decided to abandon the offering because it regards the valuation of Telxius implicit in the purchase orders as inadequate," said Telefonica in a statement submitted to stock market regulator CNMV, adding that it would "continue analysing strategic alternatives in connection with the asset." A source close to the operator cited by the Financial Times said the valuation process had been affected by the "market situation" as well as by "lesser knowledge" among investors of Telxius's underwater cable businesses, adding that the company had decided not to sell assets "at a loss" because it had "sufficient options to keep its investment grade rating." Bloomberg added that investors had balked at paying the asking price of EUR 12 to EUR 15 a share, according to unnamed sources.

Tags: eur demand weak ipo

 

Next mulls price rises as weak pound hurts sourcing costs

2016-09-15 14:07:00| Daily apparel & textile news and comment - from just-style.com

British fashion retailer Next Plc has posted a fall in first-half profits and says the pound's weakness since the Brexit vote is likely to increase sourcing costs by up to 5% next year for the first time in six years.

Tags: price costs weak pound

 

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