Apple blames China for sales forecast cut - Ashdale Business Consulting

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Apple blames China for sales forecast cut

January 3, 2019

  Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China. In a surprise disclosure, the iPhone maker said it anticipated revenue of about $84bn (£67bn) for the three months to 29 December. In November it forecast sales of at least $89bn – a prediction that had already Read More…


Next sales boosted by late Christmas surge

January 3, 2019

  Next has reported a sharp rise in online sales over the Christmas period, while trading at its stores declined. The retailer said strong sales during the three weeks prior to Christmas and the October half-term holiday had made up for a “disappointing” November. In a continuation of recent trends, online sales rose 15.2% between Read More…


Kellogg’s gives in on government’s ‘traffic light’ labels

November 30, 2018

  Kellogg’s is to put “traffic light” labelling on most of its cereal packs sold in the UK from January, having previously refused to do so. The UK government’s voluntary scheme, introduced in 2013, indicates how much salt, sugar or fat foods contain. Kellogg’s said it had made the change after having “listened” to consumers, Read More…


Tesco and VW plan free electric car charging points

November 30, 2018

  Free charging for electric cars will be available for customers at some Tesco stores from next year. Tesco, in partnership with Volkswagen, plans to install almost 2,500 charging bays at up to 600 stores by 2020. A standard 7kW charger will be available for free, but drivers will have to pay for a faster Read More…


Rail fares to rise by 3.1% in January

November 30, 2018

  Millions of commuters will have to pay an average of 3.1% more for rail tickets from 2 January. The increase, which is slightly higher than the 2.9% rise for this year, means another £100 on the cost of season tickets for many commuters. The rise, announced by industry body the Rail Delivery Group comes Read More…


Asda revival continues as sales rise again

November 15, 2018

  Asda’s sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued. The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores. The retailer attributed the rise to the strength of its own-label brands. Asda has a 15.3% share Read More…


Manchester United revenues slip on fewer home games

November 15, 2018

  Revenue at Manchester United fell in the first quarter as the Premier League club played fewer home games. Sales for the three months to 30 September came in at £135m, compared with £143.7m a year earlier, it said. However, the 20-time English champions stuck to their full-year financial forecasts. United, whose squad features French Read More…


Uber loss tops $1bn loss ahead of planned IPO next year

November 15, 2018

  Uber posted a loss of $1.07bn (£821m) in the three months to September, as the ride-sharing firm prepares for a public stock offering next year. The US company’s net losses widened sharply on a quarterly basis as revenues rose only slightly. Uber was recently valued at $72bn, making it one of the most valuable Read More…


Ryanair passengers brace for new bag rules

November 1, 2018

  Brace, brace. The latest changes to Ryanair’s baggage policies take effect today, meaning passengers who want to take anything more than a small bag on board must pay for the privilege. Only those paying £6/€6 for priority boarding will be able to take a small suitcase of up to 10kg in the cabin. That Read More…


US attacks UK plan for digital services tax on tech giants

November 1, 2018

  The US has hit back against a UK plan to impose a new tax on sales by technology giants. US political leaders and business groups say the proposal would violate tax agreements by targeting US firms. They warned the tax could spark US retaliation and hurt prospects for a US-UK trade deal. In a Read More…