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Winter likely to finish off some energy firms, analysts say

Image copyright Getty Images More small energy suppliers are likely to go bust this winter, analysts say, leading to potential disruption and higher costs for customers. Economy Energy was the latest to collapse earlier this month, following customer complaints about service including delayed bills and refunds. It followed a string of similar collapses and analysts say five or 10 more could go as winter costs rise. If so, domestic customers’ supply is protected but their tariff is not. When an energy company ceases trading its customers are automatically transferred to…

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LG Electronics sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

SEOUL (Reuters) – South Korea’s LG Electronics Inc (066570.KS) said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations. The world’s second-biggest television set maker behind compatriot Samsung Electronics Co Ltd (005930.KS) estimated profit of 75.3 billion won ($67.03 million) for October-December last year. That would compare with the 387 billion won average of 11 analyst estimates in an I/B/E/S Refinitiv poll. Revenue likely fell 7 percent to 15.8 trillion won, LG said in a regulatory filing,…

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LG Elec sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

Jim Tran, senior vice president and general manager go handset products for Qualcomm, speaks on the 5G collaboration between Qualcomm and LG during an LG Electronics news conference at the 2019 CES in Las Vegas, Nevada, U.S. January 7, 2019. REUTERS/Steve Marcus SEOUL (Reuters) – South Korea’s LG Electronics Inc (066570.KS) said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations. The world’s second-biggest television set maker behind compatriot Samsung Electronics Co Ltd (005930.KS) estimated profit of…

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Boxing Day sales: Footfall down for third year, analysts say

Image copyright EPA The number of people heading to the Boxing Day sales has fallen for the third year running despite some heavy discounting, retail analysts have said. Springboard, which examines information from High Street and shopping centre cameras, found UK average footfall up to mid-day was 4.2% lower than in 2017. It suggested Boxing Day was becoming less important as a trading day. But in London retailers declared a “Boxing Day bounce” after seeing a 15% increase in footfall. Some stores were offering discounts of as much as 70%…

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AMD needs perfection to justify share price rally: analysts

, (Reuters) – Advanced Micro Devices Inc (AMD.O) shares have been the S&P 500’s rock star gainer this year, but a recent slide signals some investors are hedging their bets that it can make major inroads in the server computer chip market dominated by Intel Corp (INTC.O). On Tuesday, AMD was the top decliner and Intel the top gainer on the S&P 500. The company has a steep hill to climb to live up to the hopes that had pushed its shares up as much as 228 percent last month…

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Tesla shares sink after analysts warn on Model 3 margins, Musk interview

(Reuters) – Tesla Inc’s (TSLA.O) shares slumped 8 percent on Friday after Chief Executive Elon Musk told the New York Times his tweet about taking the company private was not reviewed by anybody, and a brokerage raised doubts about the profitability of the electric carmaker’s Model 3 sedan. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo Musk shocked markets last week with a tweet that he was considering…

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