Huawei Technologies Co Ltd posted a 15 percent rise in first-half revenue, with industry data showing market share gains at home for the smartphone maker that has been largely shut out of the US market over security concerns. The world’s third-largest smartphone maker said on Tuesday revenue rose to CNY 325.7 billion ($47.7 billion) for the six months to June… Read More »
British supermarket Sainsbury’s (SBRY.L) warned that higher staff wages and its price battle with rivals would mean a tougher second half after first-half profit fell by 10 percent. Sainsbury’s is a distant second behind market leader Tesco (TSCO.L) in a retail sector which has been shaken by the rise of German discounters Aldi and Lidl. Seeking to expand… Read More »
Sainsbury’s has posted a 10.1% fall in first-half profits to £277m as sales continued to decline. The supermarket giant said like-for-like sales sales fell 1% in the 28 weeks to 24 September. It said that while the market remains strong, “pricing pressures continue to impact margins”. Sainsbury’s added that the effect of the slump in sterling on retailers… Read More »
