Hits included Spider-Man: Across the Spider-Verse, an animation film about the superhero, and The Equalizer, starring Denzel Washington. In Sony’s pictures operations, TV and digital streaming licensing revenue and home entertainment sales climbed during the fiscal year following successful movie releases. Sales of recorded and published music, merchandise and licensing revenue rose, Sony said. The yen has weakened against the dollar, boosting the value of overseas earnings when they are converted into yen. Like other Japanese companies, Sony has benefited from recent exchange rate trends. An increase in sales of image sensors for mobile products also helped boost the company’s bottom line. Sales were robust across its wide range of businesses, which include financial services, games consoles and entertainment businesses including music and movies. Quarterly sales for the maker of the PlayStation game machines and Bravia TV sets rose 22pc to 3.7trn yen ($24.7 billion). The Tokyo-based company delivered a quarterly profit of 363.9bn yen (£1.9bn), up from 321.5 billion yen the year before. Profits at the Japanese electronics and entertainment giant Sony rose 13pc in the final quarter of 2023 on growing sales of music, image sensors and video games, the company has revealed. The FCA warned advisory firms that clients with a pattern of trading before merger and acquisition announcements and press speculation could be illegally benefitting from insider trading. Members of organised crime groups account for a major part of suspicious trading in stock markets, according to the FCA.Ĭriminal gangs involved in spread betting and contract for difference schemes often recruit junior staff members with access to inside information and brokers who can open overseas trading accounts with fewer security controls. They were all interviewed under caution by the FCA, with two released and the other remaining under investigation.Ī fourth suspect, a 48-year-old man, remains under investigation after being interviewed on Tuesday. The three individuals in their 50s were arrested on suspicion of insider dealing, conspiracy to insider deal and money laundering linked to organised crime. The operation also saw several digital devices seized during searches by FCA investigators, the financial regulator said on Wednesday. Officers from the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) were sent to apprehend the suspects at three residential properties in London earlier this month. Three Londoners have been arrested on suspicion of insider dealing and money laundering following a raid by dozens of officers. Germany’s car industry has been facing problems as the transition to electric vehicles gathers pace, after decades relying on fossil fuel vehicles for their profits.Ĭontinental and rivals Robert Bosch and ZF Friedrichshafen are bracing for muted car production this year amid a slowdown in electric-vehicle demand. He said the cuts would allow Continental to “focus our resources even more on future technologies for software-defined vehicles”. However, a company spokesman said there would be “only very minor impact” in the UK.Ĭontinental, which currently employs around 200,000 people worldwide, announced the plan in November without putting a precise figure on the number of jobs that would go.Ĭontinental’s automotive chief Philipp von Hirschheydt said: “We are aware of the impact on our employees and will do everything we can to find good, tailored solutions (for employees).” Meanwhile, it will also lose around 5,400 posts as part of a previously announced cost-cutting programme aimed at saving the group €400m (£341m) by 2025. This, it said, would help it “increase efficiency” by reducing the number of locations where it develops products, from the existing 82, and allow it to focus on “promising growth areas”. It said it would shed 1,750 jobs in research and development. It has been trying to reposition itself as a software supplier for electric vehicles, developing autonomous driving systems, while closing some factories producing parts for petrol and diesel vehicles. Continental will cut 7,150 jobs worldwide by 2025 as it navigates the difficult switch to electric vehicles.Īlthough the group is best-known as a tyre-maker, it supplies vehicle manufacturers with a wide range of components from headlights to brakes.
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