Declining sales continue at MFI

Furniture retailer MFI is continuing to struggle against falling sales. Orders at its UK retail stores were down 15% over the past eight weeks compared with the same period last year, it said in a trading statement. For the second half of its financial year to 26 November, the drop in sales at it…

LG Electronics may miss turnover target

Bangalore: Consumer electronics and white goods’ giant LG Electronics may fall short of its turnover target this year while its proposed Chennai plant will have to wait for some more time.

Maytag workers fear more plant closures

As Maytag makes good on its pledge to cut manufacturing costs in an effort to improve earnings, many workers at the appliance maker are growing uneasy about their jobs, union leaders say.

British Gas facing five strikes

As a follow up to the story earlier in the week, thousands of British Gas engineers are to stage five 24-hour strikes in the run-up to Christmas and after New Year.

Haier washing machines exported to Japan and India

Qingdao-based Haier Group has turned its washing machines into a market leader from a technical pursuer in a short period of 10 years, becoming a sign of progress for the world’s washing machine technology. As the first world famous brand name in China’s washing machine sector, the machines have …

USA : SEC okays Whirlpool Corp’s Maytag merger proposal

Michigan based home appliances maker Whirlpool Corporation and leading Appliance Company Maytag Corporation announced that the Securities and Exchange Commission (SEC) has declared effective Whirlpool’s registration statement on Form S-4 covering the share portion of the consideration to be issue…

Bosch is best according to Which?

UK consumer group Which? has launched new annual awards to honour companies who have produced the best products and services over the past year. Which? Editor Malcolm Coles says: ‘We believe in giving credit where credit’s due so, for the first time, we’ve created a roll-call of companies that ha…

British Gas engineers to strike

Engineers at British Gas have voted for strike action in a dispute over the company’s final salary pension scheme. The GMB union said nearly 6,000 engineers, who repair and service domestic boilers, backed the move by a ratio of four to one.