Bitcoin Miners Face Survival Test In 'Halving'
Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say.
The 2024 Forecast for Retail Industry: 'It is going to get worse'
Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.
The ten challenges impacting the financial services industry
To ensure it survives and prospers, the financial industry needs to overcome ten challenges, and it is vital that they do.
UK government's recycling scheme could cost more than £1.8 billion
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.
Record high of nearly 6,000 hospitality industry closures in the last 12 Months
There have been approximately one in 18 hospitality industry closures all over Britain in the past year, as the record-breaking number sends shock waves through the sector and raises concerns about the long-term viability of businesses.
Operating profits in the grocery retail industry dropped by over 41%
According to CMA, competition in the UK grocery retail industry will keep price increases low, despite food and grocery costs at historically high levels.
Online retail revenue declines for 26th consecutive month amidst promising traffic index
UK online retail revenue saw a 1.2 per cent year-on-year decline in June, marking the 26th month of negative growth in a row, according to IMRG Online Retail Index.
AMD slowly catching up to Nvidia in GPU sales
Thanks to its highly scalable GPU architectures, AMD GPUs are now powering a wide range of devices from consoles to PCs to mobiles.
Danone eyes better margins in 2023, Q4 sales top estimates
French food group Danone said on Wednesday it expected better margins this year after soaring raw materials and energy costs weighed down its full-year 2022 operating margin.
Inflation nibbles at Nestle margins
Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.
Spotify shares jump on bullish outlook as more users tune in
Spotify Technology SA on Tuesday forecast that the number of listeners would reach 500 million in the current quarter as it reported fourth-quarter results that beat expectations for both active users and subscribers.
Tesco braces for post-Christmas hangover with more deals
Britain's biggest retailer Tesco said it would focus on offering customers better value deals in January as it does not believe inflation has peaked, preparing for a tough 2023 after shoppers defied the cost of living crisis and spent big at Christmas.
Airlines see return to profit in 2023, clash with airports
Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges.
Tesco lowers profit sights as British shoppers face winter crunch
Tesco, Britain's biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how consumer spending will evolve amid a worsening cost-of-living squeeze.
Volkswagen shares up slightly on Porsche's 70-75 billion euro valuation
Volkswagen shares rose slightly on Monday after the carmaker said it was targeting a valuation of up to 75 billion euros ($74.84 billion) for sportscar brand Porsche, in potentially Europe's third biggest IPO ever.
Amid US retail gloom, Uniqlo shines on COVID-triggered revamp
Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model.
How to tackle the UK cost of living crisis – four economists have their say
A spike in wholesale energy prices has fed into retail charges for businesses and households.
Shrinking U.S. Cattle Herd Signals More Pain From High Beef Prices
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said.
Shell smashes record again with $11.5 billion profit
Shell on Thursday reported a second-quarter profit of $11.5 billion.
Analysis: Food delivery companies revamp for cost-of-living crunch
When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped.
Brazil's WEG Net Profit Falls, Supply Chain Hurdles Weigh On Margins
Brazilian motor maker WEG SA on Wednesday reported a 19.5% drop in quarterly net income and said operating margins remained under pressure from supply chain issues despite strong demand for its products.
Asian Firms May Struggle To Refinance Dollar Debt, Ratio Suggests
Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with the currency at a two-decade high and a recent surge in inflation forcing central banks to raise interest rates.
Savings and algorithms: UK supermarkets battle cost of living crisis
Facing the toughest economic conditions in decades, Britain's supermarkets are cutting product ranges, searching for cost savings and patrolling each other's stores to check prices and products as they try to stay one step ahead.
Samsung Electronics forecasts 52.5% jump in Q4 profits on record sales
The conglomerate's overall turnover is equivalent to around one-fifth of South Korea's gross domestic product.
Sorry, Uber, you're no Amazon
Beware of companies calling themselves "the Amazon of X."
Disney's Pixar could become a new growth engine for Mattel
Mattel lands licenses for Pixar's old and new films.
Amazon posts record profit of $3.6B for Q1 2019, warns of Q2 slowdown
Amazon easily beat analysts' expectations in Q1 but might not do so in Q2 by its own admission.
How Amazon could cost this industry $20 billion
The e-commerce giant's entry into the industrial-supply market appears to have curtailed margin at traditional companies -- which is bad news for the industry's valuation.
Amazon is losing this $35 billion opportunity to Walmart and Target
And it might be too expensive for it to even try competing.
Tesla earnings highlight rapid Model 3 production ramp-up
Losses mount yet again. But improving margins offer a preview of a better second half of 2018.