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VIDEO: Retail sales boosted by heatwave

2013-08-06 12:35:41| BBC News | Business | UK Edition

Retail sales enjoyed their fastest July growth in seven years, at 2.2%, thanks to the month's heatwave, the British Retail Consortium says.

Tags: video sales retail boosted

Liberty Global Q2 results boosted by Virgin Media takeover

2013-08-02 09:00:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported second-quarter sales up 25 percent year-on-year to USD 3.16 billion. Its takeover of Virgin Media in the UK contributed around two-thirds of the increase, and the company's organic growth was 4 percent. The cable operator saw a slowdown in customer growth in the period, with 191,000 revenue-generating units added on an organic basis compared to 364,000 a year ago. This was due to a slowdown in Germany and East Europe and tough competition in the Netherlands, where it lost customers. Operating cash flow was up 21 percent to USD 1.45 billion and grew 3 percent on an organic basis, while operating profit fell 7 percent to USD 445 million, hurt by charges and increased depreciation related to the Virgin takeover. The cable operator increased capex slightly in the quarter to USD 490 million or 16 percent of revenues. Free cash flow was still up 29 percent to USD 193 million in Q2. While debt increased substantially in the quarter on the Virgin takeover, Liberty still had USD 2.1 billion in cash and said it would continue its share repurchase programme.

Tags: results media global virgin

JAPAN: Asahi Group's H1 boosted by soft drinks sales

2013-08-01 15:40:00| Daily beverage news and comment - from just-drinks.com

Asahi Group has posted a rise in first-half beverage profits as a strong soft drinks performance propped up flat alcohol sales.

Tags: sales groups japan soft

Sony sales boosted by smartphones, weaker yen

2013-08-01 09:36:00| Telecompaper Headlines

(Telecompaper) Sony reported revenues for its fiscal first quarter to June up 13 percent from a year earlier to JPY 1.713 trillion (USD 17.3 billion), boosted by the weaker yen and growing smartphone sales. Excluding currency effects, sales were down 3 percent. Operating profit jumped to JPY 36.4 billion from JPY 6.3 billion a year ago, driven by the mobile communications and financial services divisions, and the net profit rose to JPY 3.5 billion from a loss of JPY 24.6 billion a year earlier. The mobile division, which includes phones and computers, grew sales 36.2 percent to JPY 389 billion, and the operating result moved to a profit of JPY 5.9 billion from a loss of JPY 28.1 billion a year ago. Smartphone sales in units reached 9.6 million, up from 8.1 million in the March quarter and 7.4 million a year earlier. The company maintained its full-uear outlook for unit sales of 42 million smartphones, but cut the forecast for cameras, TVs and PCs. Thanks to the positive currency effects Sony raised its full-year outlook to sales of JPY 7.9 trillion from a forecast in May of 7.5 trillion. The profit outlook was left unchanged.

Tags: sales sony yen smartphones