Author: Editor - Business News

Mitsubishi Materials shares fall on fake data scandal

Mitsubishi Materials shares fall on fake data scandal 24 November 2017 From the section Business Image copyright Getty Images Mitsubishi Materials, a division of one of Japan’s biggest conglomerates, saw shares fall by as much 11% on Friday after admitting to a quality scandal. Three of its units were found to have falsified data for products supplied to nearly 300 companies in the aerospace, car and electric power industries. No safety issues have been reported. The discovery is the latest in a string of scandals tarnishing the image of corporate Japan and its reputation for precision manufacturing. Kobe Steel,...

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Black Friday is ‘bonkers’ for retailers

Black Friday is ‘bonkers’ for retailers By Joshua Cheetham & Daniele Palumbo Business reporters 24 November 2017 From the section Business Image copyright Press Association Wallets will be feeling a bit lighter this weekend as shoppers turn out in search of a bargain ahead of Christmas. It’s estimated that £10bn could be spent in the UK over the Black Friday period, £2.5bn in a single day. There’s something about the idea of Black Friday, like firing the starting gun on the festive season, that many shoppers seem to love. But a handful of stores are keeping out of the...

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