JCB has started recruiting up to 200 new staff to meet an increase in demand for new products. The news comes after nearly 2,000 redundancies during the recession, with some former employees now working back at the company. A three year pay deal has also been agreed with employees, who have not had a pay [...]
Boosted by new product launches and cost savings, Sony Ericsson has reported a surprise profit for the first three months of 2010, despite a drop in mobile phone sales of 28% from a year ago. Net profit was 21m euros ($28m; 18m), compared to a 293m euros loss a year earlier. The new Xperia X10 [...]
A 37% rise in first-quarter profits has been reported by the Internet giant Google, beating analysts’ expectations. An increase in online spending by advertisers is cited as helping to increase revenue by 23% to $6.78bn. Pay-per-click online advertising profits rose 15% from the same quarter last year, as the internet advertising market continues its recovery [...]
The Bank of America has reported a net income of $3.2 billion for the first quarter of 2010. This compares to a $194m loss for the previous quarter but compared to the same period 12 months ago, profits are down 24%. The latest results have been driven by record trading activity and sales in the [...]
Travellers whose holiday plans have been ruined by the volcanic ash that has grounded UK flights since Thursday are facing confusion and mixed messages over travel insurance. Many travellers will face the cost of hotel rooms and care hire that hasn’t been used, although airlines are offering to rebook or refund flights. It is feared [...]