Articles about electricals

Samsung set to post bumper annual results

Samsung is on course to post a second consecutive year of impressive earnings as a pick-up in its semiconducter business helped to offset weaknesses in the smartphone market.

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Apple the world's 'most valuable brand'

Apple has ousted Coca-Cola from its position atop the Best Global Brands poll.

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Dixons confirms the sale of Pixmania
Photo credit: Pixmania

Nearly one month after it was announced that Dixons Retail has agreed a deal to sell its struggling Pixmania arm, it has now been confirmed that the agreement has been signed and the sale of Pixmania to Mutares has come to fruition. As part of the deal, Mutares has devised a robust business plan to develop and grow Pixmania’s pure play e-commerce operations and market-leading software platform.

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EA's announces its CEO for its digital games division after six months of search

After a six month search, American developer and distributor of video games, Electronic Arts Inc (EA), this week announced that it appointed Andrew Wilson as its chief executive for the company’s digital games division.

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The Hut goes from strength to strength as potential IPO looks promising

Online retailer The Hut Group this week revealed sales rose by more than 30 per cent to £77 million for the first half of the year.

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Dixons chief outlines expansion plans

Sebastian James, the chief executive of electrical retailer Dixons, is looking at ways to expand the business after agreeing deals to offload its loss-making internet business, Pixmania, and its struggling Turkish arm. One of the options being explored by Mr James is a services business for consumers whose computers, tablets or mobile phones become damaged.

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Panasonic to stop selling smartphones in Japan
Photo credit: Panasonic

Panasonic will stop selling smartphones in its home market Japan. The multinational electronics corporation said it would also begin outsourcing production of handsets sold to other countries. The tech giant, which is the world’s fourth largest television manufacturer by market share, has struggled with growing its smartphone operations, and confirmed that its mobile division has been set to make another loss.

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Microsoft to acquire Nokia’s handset business for €5.44 bn
Photo credit: Nokia

Microsoft Corp has announced it will buy Nokia Oyj’s phone business and license its patents in a deal worth EUR 5.44 billion. The acquisition marks Microsoft’s boldest move to date into mobile devices, despite some investors urging the multinational software corporation to focus on its key strengths of business products and computer services.

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Best Buy founder Schulze to start selling off shares in October
Photo credit: Best Buy

Richard Schulze, founder and former chairman of the world’s largest consumer electronics chain has announced he plans to start selling its stocks from 1 October, according to a regulatory filing on Monday. "The stock sales ... are part of his personal long-term strategy for asset diversification and liquidity," Schulze told Best Buy, according to the filing.

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Comet’s second coming? Property tycoon eyes gap in market

Clive Coombes, a Southampton-based property tycoon who initially failed to buy Comet from administrators at the start of the year, is said to be setting up a rival electronics store which will see the collapsed retailer return to the high street.

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