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Poor fashion performance weighs on UK retail sales

2014-12-05 12:49:00| Daily apparel & textile news and comment - from just-style.com

A poor performance by UK fashion retailers in November dragged down overall retail sales, despite the sales boom caused by Black Friday at the end of the month.

Tags: sales performance fashion poor

 

Petrofac warning weighs on FTSE

2014-11-24 11:40:22| BBC News | Business | UK Edition

Shares in oil and gas services firm Petrofac sink by more than a quarter after it warns net profits will be about $500m next year, well below expectations.

Tags: warning weighs ftse petrofac

 
 

FASB Weighs Delaying New Revenue Rule

2014-11-18 21:38:27| IT Services - Topix.net

Companies may get additional time to prepare for implementation of the new accounting standard on recognizing revenue from contracts with customers . The Financial Accounting Standards Board and the International Accounting Standards Board had set a Jan. 1, 2017, implementation date for companies filing under GAAP, while those using IFRS have an option to adopt the standard earlier.

Tags: rule revenue weighs delaying

 

S&P flat as energy weighs

2014-11-14 20:00:38| Energy - Topix.net

The Dow industrials closed at a record high on Thursday, boosted by gains in Wal-Mart, but the S&P 500 was little changed as energy shares tracked crude futures prices lower. The energy sector cut its losses late in the session after Dow Jones reported Halliburton is in talks to buy Baker Hughes.

Tags: energy flat weighs

 

Currency weighs on Burberry H1 profit

2014-11-12 14:07:00| Daily apparel & textile news and comment - from just-style.com

Weighed down by currency exchange rates, British luxury brand Burberry has reported a double-digit drop in first-half net profit - which one analyst says is a "blip on its habitually consistent record of success".

Tags: profit currency burberry weighs

 

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