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Britvic's YTD sales fall on still soft drinks drag - results

2016-07-21 16:11:00| Daily beverage news and comment - from just-drinks.com

Britvic has posted a drop in nine-month underlying sales as still soft drinks in the UK continued to underperform.

Report: June Same-Store Sales Fall Flat at Quick-Service Restaurant Concepts

2016-07-21 09:00:00| National Real Estate Investor

Jonathan Maze Traffic fell 1.9 percent for the month, the worst performance for the industry since the weather-hampered month of January 2014. read more

Tags: report june sales fall

Ericsson sales fall 11% in Q2, sees weak H2

2016-07-19 08:37:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a further slowdown in sales in the second quarter, with revenues falling 11 percent year-on-year to SEK 54.1 billion due to the economic weakness in parts of the world. The company's main growth markets, China and North America, posted flat sales, and sales grew only in southeast Asia and Oceania. Ericsson said it expects the sales trend to continue in the second half of the year. A larger share of mobile broadband coverage contracts and services business led to a fall in the gross margin to 32.3 percent from 33.2 percent a year ago, and the operating margin dropped to 5.1 percent from 5.9, also impacted by a negative revaluation effects of currency hedge contracts. Net profit declined 26 percent year-on-year to SEK 1.6 billion, and operating cash flow was a negative SEK 0.7 billion. Ericsson said it will take further actions to reduce costs, targeting a new annual run rate of operating expenses, excluding restructuring charges, of SEK 53 billion in the second half of 2017.

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