Sainsbury’s profits drop with 10%

Sainsbury’s has posted a 10.1% fall in first-half profits to £277m as sales continued to decline. The supermarket giant said like-for-like sales sales fell 1% in the 28 weeks to 24 September. The Argos owner…


Fed’s independence backed by Greenspan

Donald Trump’s surprise victory in the US presidential race raises new questions over Federal Reserve policy in the short run and the central bank’s vital operational independence over the longer term. “We are in a…



Toshiba Raises Annual Profit Forecast

Japanese conglomerate Toshiba raised its annual operating profit forecast by 50% on Tuesday, saying it expects demand for its NAND flash memory chips to remain strong for the rest of the business year. “We expect…


McDonald’s sues Florence for 20m euros

McDonald’s has filed a lawsuit against the Italian city of Florence after the fast-food chain was denied a license for a new restaurant in the historic central square. The US company is seeking damages of almost $20m…



Opel with 7 new models in 2017

Opel is planning a huge product onslaught for 2017, the German carmaker having announced that seven new models would be introduced internationally next year, although technically three of them belong to the same family. But…


Samsung Seoul offices raided in corruption probe

South Korean prosecutors investigating a confidante of President Park Geun-hye for corruption have searched the offices of Samsung, according to local media. Samsung is alleged to have given money to the daughter of Choi Soon-sil,…