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Game Group struggles against poor Christmas sales
Storey Link: Game Group struggles against poor Christmas sales
Game Group, the high street video games retailer, has announced that poorer than expected trading over the Christmas period could see the firm breaching the terms of its loan agreements. The news saw share prices drop by a third.
The British-based group, which operates in Australia as well as in nine European territories, has around 1,300...
Netflix continues dramatic turnaround
Storey Link: Netflix continues dramatic turnaround
Netflix, the DVD and video-streaming firm which saw its stock value take a nose-dive last year after announcing it had lost around 800,000 subscribers after it pushed up its prices, is continuing its dramatic come back.
In 2011, a series of mistakes by the firm saw more than three-quarters of the value wiped from shares. However, in the...
Wall Street prepares for pay cut
Storey Link: Wall Street prepares for pay cut
A terribly dismal year means that Wall Street and its workers are set to be hit in their wallets, as alleged by a Wall Street Journal report. With banks preparing to report worrying fourth-quarter results while making final bonus decisions, total compensation appears likely to be its lowest since 2008 – the year the financial crisis...
Japan Airlines to relist shares on Tokyo Stock Exchange
Storey Link: Japan Airlines to relist shares on Tokyo Stock Exchange
Japan Airlines (JAL) is planning to put its shares back on the Tokyo Stock Exchange, according to a report from the BBC.
The move is seen as the next step of the carrier's recovery from bankruptcy.Some have claimed that the company might sell between 500bn yen and 1trn yen of its shares and, should the sale be given the green light, JAL...
Global businesses should expect tough times in 2012
Storey Link: Global businesses should expect tough times in 2012
As at every turn of the year, last week’s celebrations have been dampened down by prophets of doom foretelling everything from global economic meltdown to geopolitical tensions sparking Armageddon. This year, the horror stories are being spiced up by frequent references to the controversial Mayan calendar, interpreted by some as predicting...
Shares rise as solar sells
Storey Link: Shares rise as solar sells
TransCanada and Google Inc have both announced plans to purchase solar power projects, only days after billionaire Warren Buffet made his latest deal in the sector. The price of installing the green energy systems is at an all time low, and the panels themselves fell in price by more than 40 per cent in 2010. \r\n\r\nDue to this, share prices...