The recent good weather helped to buoy sales at John Lewis to a 6.6 per cent year-on-year upturn, according to its weekly trading update.
Investors scrambled to grab a piece of the action as Ao.com owner AO World saw shares spike more than 40 per cent at its market debut this morning.
Dixons Retail and Carphone Warehouse confirmed on Monday they are in talks over a possible merger deal. “The board of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse,” the companies said in a statement Monday.
Sony has sold over 5.3 million PS4 units worldwide since it launched in November, the company has said. The company had previously estimated that 5 million units of its next-gen games console would be sold before the end of its financial year, which is in March. Sony has already surpassed that estimate, and with the PS4’s upcoming launch in Sony’s native Japan this Saturday, it would appear that the sky is the limit for the technology firm.
Electrical giant Dixons has hit out at AO.com by claiming its prices are lower and that its internet sales will overtake its online-only rival in two years. The scathing attack comes after AO announced that it will float on the London Stock Exchange in March and start selling electrical goods such as TVs, tablet computers and laptops.
An Apple company spokesman has confirmed that the tech-giant has repurchased USD 14 billion of its stock since it reported disappointing Q1 results. Apple bought USD 12 billion of shares via an accelerated share repurchase program (ASR) and USD 2 billion of shares from the open market, the spokesman said.
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