Company Results
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Lenovo Posts 36% Hike In Profits

Lenovo Posts 36%  Hike In ProfitsA net profit of 36% for the quarter to September has been posted by Lenovo, the Chinese PC maker.

On Thursday Lenovo declared that it raised $220 million on $9.8 billion in revenues, a 13% hike, by selling more smartphones, tablets and other Internet-enabled mobile devices.

Clothing sales for Marks & Spencer fall yet again

Clothing sales for Marks & Spencer fall yet againSales figure for the clothing range is yet again down for the 129 year old retailer Marks & Spencer. The women's wear experienced a fall in its sale for nine consecutive quarters.  

Profit figures have been strikingly less as compared to competitors like Primark, who reported a 44 per cent jump in annual operating profits to £514million.

Next Registers 3rd Quarter Sales More than Expectations

NextNext, a prominent clothing retailer has registered its third quarter sales more than expectations. The clothing retailer trades in more than 500 stores in Britain and Ireland.

Not only this, it trades in over 200 stores in more than 30 countries across the world. While talking about the trading, Next, which is considered to be Britain's second largest clothing retailer, has affirmed that business has been quite unpredictable.

Twitter raises a $1 Billion Credit Line from Banks ahead of IPO

twitter-IPOBanks have provided a $1 billion credit line to Twitter that will help Twitter to manage its Initial public offering. The lenders include Goldman Sachs, Morgan Stanley and JPMorgan, reported Bloomberg.

Facebook obtained the unsecured line before it went public last year. The line was a fraction of the $8 billion.

Profit Warning Leads to Decline in Unilever Shares

UnileverThe first profit warning of the Unilever in a decade led its shares to slide on Tuesday. Company behind Persil, PG Tips and Dove warned on Monday that a slowdown in emerging markets has accelerated in the third quarter. The company makes 60% of the revenue from emerging markets. The shares slid to 4% as a result of the warning to 2,345p on Tuesday morning.

Aldi Annual Profits Increase by Double, Sales Grow by 40.6%

AldiGerman low-cost grocery chain Aldi has reported an increase in profits by double in the last year while in sales it has reported a 40.6% increase.

The increasing sales and profits have forced the company to hire more staff for its 500 stores. It also added more checkouts for dealing with around one million new customers.

Entrepreneur Dyson Announces 19% Rise in Annual Profits

DysonEntrepreneur Sir James Dyson has witnessed a 19% rise in annual profits that amounts to £364m. He shared certain thoughts as per which, he is increasing his company's spending on research and development
(R&D).

The rise of 25% will be seen by this year itself. He has also announced of plans of recruiting 650 highly trained engineers and scientists. He will be recruiting 250 of them from Britain.

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