Tesco shares fall despite strong results

Tesco’s promising finacial results have been met with lukewarm reception, resulting in a sharp drop in shares. Shares fell 3.9p to 387.5p as its results were announced, with investors concerned with weaker then expected sales growth in the second quarter. At first glance, Tesco’s results look promising, but scratch beneath …

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Tesco posts 14% profit growth in H1 2009

Tesco has reported solid results for the first half of the financial year, including a 14 per cent growth in profits. In the 26 weeks ended August 29th, the Group’s trading profits rose to 1,551 million, or 1,419 million before tax. The supermarket also recorded 30.4 billion worth of sales, …

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Nintendo named worlds best company

Business Week has crowned Nintendo as the greatest company on Earth today in an annual poll. The platform holder finished ahead of Google and Apple in the table, which measures factors including sales growth rate and rises of market capitalisation. The business weekly says the table reflects: ‘commitment to innovation, …

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ELSPA entertains top politicians

ELSPA has told MCV that its visits to the annual conferences of the UK’s three biggest political parties is a litmus test on how far the industry has come”. The publishers’ body attended the Liberal Democrats conference in Bournemouth last month, and showed off video games including Wii Sports Resort …

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Plants vs. Zombies shuffles to UK retail

The critically acclaimed Plants Vs. Zombies has hit retail shelves. The tower defence game, which pits various plants against an army of zombies, launched as a digital download in May this year for PC, Mac and iPhone. It is Popcap’s fastest-selling title of all time, and has also enjoyed rave …

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