Two Whirlpool units and Panasonic are among companies that agreed to pay European Union antitrust fines totaling €161 million for fixing prices of refrigerator compressors.
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Comet’s Sales Plunge Again
Kesa Electricals Plc, the electronics retailer that’s selling its U.K. Comet chain, reported a first- half loss after sales deteriorated in all its main divisions, and said market conditions continue to be “tough.”
Dixons Has Credit Rating Downgraded
Moody’s has today affirmed the B1 long-term ratings of Dixons Retail plc, including its corporate family rating, probability of default rating and senior unsecured rating. The outlook is changed from stable to negative.
Doubts Cast On Comet Deal
Reuters reports that OpCapita, the private investment firm that has agreed to buy Kesa Electricals’ loss-making Comet chain in the UK, is confident of securing a line of financing essential for the deal to proceed, a person familiar with the situation told Reuters.
Fisher & Paykel A Takeover Target
Radio New Zealand reports that analysts say a hefty slump in Fisher & Paykel Appliance’s share price could make the appliance manufacturer maker an attractive takeover target.
Three Year Old Dies In Washing Machine
A French father has been charged with murder after allegedly killing his three-year-old son by stuffing him into a washing machine and turning it on.
Millions At Risk Due To Electrical Blunders
The Electrical Safety Council have released information that is quite shocking, claiming that at least one person a week in the UK dies from not having a basic understanding of electrical safety. This is a large part of why we have rules in our appliance help forums that try to prevent putting pe…
D&G Signs Pact With Indesit
In a press release Domestic & General has signed a deal with Indesit to exclusively provide warranty cover across Europe for the Italian company that makes Indesit, Hotpoint, Ariston and other brands of appliances.
Fisher & Paykel Profits Nose Dive
Fisher & Paykel Appliances slashed net profit to $980,000 in the six months to September 30 after provisioning for a battle over software copyright, an onerous Australian lease and unfavourable exchange rate movements.
Dixons Losses Less Than Expected
Bloomberg reports that Dixons Retail rose the most five months in London trading after reporting a smaller first-half loss than analysts had estimated and an improving sales trajectory.