Category: Appliance Money

Whirlpool, the largest US white goods maker, reported a 49 per cent rise in second-quarter net earnings on Thursday, reflecting improved productivity and new products.

GUS, the retail and business services group and owner of Argos, Homebase and Burberry, reported strong first quarter sales growth on Wednesday, but warned it would be difficult to continue the same momentum for the rest of the year.

British manufacturing and service firms saw a modest upturn in business in the second quarter of 2003 but activity remains weaker than in most of 2002, an industry survey published today showed. Manufacturing firms’ sales and order books both expanded slightly in April-June after dismal January t…

Maytag chief executive says there’s no quick fix for lagging sales

STOCKHOLM (Reuters) – The world’s biggest home appliances maker Electrolux reported forecast-beating profits and vigor in key markets on Thursday, but said negative currency effects would drag 2003 profits lower. The Swedish vacuum cleaners to dishwashers and refrigerators maker said there was hi…

Government plans to reduce traffic congestion are doomed to fail because of a widening gap between motoring costs and public transport fares, according to the government’s top transport adviser.

Fresh evidence of a slowdown in high-street spending emerged yesterday as the CBI said retail sales growth in June had proved disappointing.

Pay rises in the service sector have fallen to their lowest level in nine years, according to the Confederation of British Industry (CBI).

JEAN-NOEL LABROUE, the chief executive of Kesa Electricals, will more than double his pay to £800,000 and receive shares worth an additional £890,000 when the company demerges from Kingfisher next month.

Britain’s biggest electricals retailer Dixons is attempting to draw a line under recent flat sales with the creation of up to 2,000 new jobs. Full year pre-tax profits were down 5% at £279m, the group said.