I remember with fond memories during my youth of the Sony Walkman and Trinitron TV sets as the gold standard in the audio visual sphere. Now Sony seems to be in tatters, announcing an expected $2.14 billion loss for the year ending March 2015 after years of restructuring.

They say profits warnings come in threes and it has certainly turned out to be the case with online fashion retailer Asos. The shares are down a further 10% to £21.80 after price cuts, a fire and infrastructure investments all hit earnings.

Back in July the lingerie chain, La Senza, formerly owned by ex-Dragon’s den star Theo Paphitis filed for bankruptcy and today it was announced that mobile phone retailer Phones4U formerly owned by high profile entrepreneur John Caudwell has gone into administration.

Like for like sales for Morrison supermarkets were down 7.4% and overall turnover dropped 5% to £8.5 billion as price cuts failed to stem volume declines.

After climbing as high as $103 during Apple’s Cupertino event yesterday evening, the shares finished marginally down at $97 following the announcement of new iPhone’s (the 6 and 6 Plus) with larger screens and thinner and the eagerly awaited Watch.

McDonalds is having a tough time of late with the shares down over 10% since the end of last year as Chinese food safety concerns in particular have hit sentiment.

Those with an interest in Apple from both an investing and usage perspective will be watching out with interest for news from the Flint Centre for the Performing Arts, in Cupertino, California on Tuesday for the much anticipated news on iPhone 6 but also potentially the iWatch.

The big miners like BHP Billiton, Anglo American and Rio Tinto all fell around 3% yesterday as the price of iron ore continues its precipitous fall in 2014, hitting $87 a tonne, a drop of over 35% this year. The average price of iron ore in 2013 was $135 a tonne.

Another RNS and another shock profits warning from Tesco sending its shares down 7% to below 230p. Sainsbury is also down 4.5% to 290p and Morrisons is down 3% to 180p.

The price of gold fell a staggering 28% in 2013 to finish just over $1200 an ounce, its worst performance since 1981, as investors in exchange traded funds dumped the metal as economic optimism took hold.