Electrolux Profits Dip On Increased Materials Costs

Now that the dust has settled a little we can reflect and report on the latest set of results from Electrolux that have been hitting the headlines over the past few days. The highlights being, prices are going up in line with increases on materials costs and lower profits reported.

Hoover & Dirt Devil Up For Sale

Techtronic Industries Co., the owner of vacuum cleaner brands Hoover (in the USE, not the UK) and Dirt Devil, said it has held talks to discuss the possible sale of its floor-care business. If you happen to have a spare $900 million of course.

Comet Bids Due By Wednesday?

The Express reported at the weekend that bids for 249-store electricals chain Comet are due this Wednesday signalling a likley break-up of parent group Kesa.

Man Escapes Fridge Freezer Fire

The Scotsman has reported that fire authorities have warned people about a potentially deadly problem with a make of fridge-freezer, after a faulty appliance went on fire. Lothian and Borders Fire and Rescue Service said the recalled fridge-freezer by manufacturer Beko was responsible for destroy…

New Made In Britain Logo Unveiled

A campaign for a new Made in Britain logo for products manufactured in Great Britain has produced a logo after receiving an “overwhelming response” from the public.

New AEG Culisense Oven

Since it’s a slow news day (no fires, no recalls) AEG have sent through some PR on their new Culisense™ oven from AEG which they claim puts the expertise of hundreds of professional chefs at your disposal! So, if you only eat frozen pizza, stop here.

Daewoo Says No To Electrolux

Reuters reports that South Korea’s Daewoo Electronics have rejected a demand by Sweden’s Electrolux to cut the sale price by above 5 percent and will consider restarting the sale process, say sources, in a move that puts the deal in danger of falling apart, again.

Beko Make News Again Over Cooker Recall

Beko have made headlines again in the past few days over deaths from cookers that were recalled and sold under the Beko and Belling brand names. The original report that we made on this you can find from this link.