Saab and HMV: What went wrong?
- 19 December 2011
What links Swedish carmaker Saab, which has just filed for bankruptcy, with high street retailer HMV, which has just issued its umpteenth profits warning? And what lessons can investors draw from both?
On the face of it, absolutely nothing. Saab is known for making motor cars in Sweden and then exporting them all round the world. HMV owns a chain of high street entertainment stores and some of Britain's best known live music venues such as the Hammersmith Apollo and Edinburgh's Picture House.
- China - beware the noise markets and the über bulls and über bears
- Government launches major review to “radically improve” access to financial advice
- Government makes £1bn loss selling portion of RBS stake
- Spot the Dog: Under-performing fund managers named and shamed
- Greek shares collapse by more than 20% as its market re-opens for business
- More than one in 10 holidaymakers will not purchase travel insurance
- Borrowers urged to act now as mortgage rates start to rise
- The four key factors influencing the direction of European equity markets
- House prices tick up in July, while homebuyers save £275m on stamp duty
- Government sells off a further 1% of its stake in Lloyds Banking Group