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. Sky’s chief executive, Jeremy Darroch, was paid more than £16m in the year to the end of June, despite a hefty fall in annual profits at the broadcaster’s UK and Ireland business. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 03:44:16 PM
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Latest Finance News related to Annual Profit

Sky chief executive's pay quadruples to £16m image
Source : Guardian [Read Article] Wednesday 13th of September 2017 03:44:16 PM
. Sky’s chief executive, Jeremy Darroch, was paid more than £16m in the year to the end of June, despite a hefty fall in annual profits at the broadcaster’s UK and Ireland business. ...
REVEALED: State pension losers and winners from major National Insurance changes  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 03:58:00 PM
.... Kate Smith, Head of Pensions at provider Aegon, said: "When Class 2 NICs are abolished from April and replaced by reformed Class 4 NICs there will be winners and losers. "The winners will be the self-employed with annual profits between £6,025 and £8,164 (2017/18) as they will no longer have to pay any NICs but will receive NI credits building up entitlement to the State pension. ...
UK TV industry risks losing £1bn a year to Amazon, YouTube and Facebook image
....The report estimates that the UK broadcast industry – which include the TV businesses of the likes of Sky and BT, ITV, Channel 4 as well as the BBC’s licence fee and commercial income – is worth up to to £15bn in revenues annually, including advertising revenues and pay-TV subscriptions. OC&C based the £1bn loss figure – equivalent to the TV industry’s annual profit from broadcasting activities – on an analysis of the proportion of revenue that middlemen, or aggregators, have taken from traditional players in other sectors. ...
Dixons Carphone warns on profits as customers keep phones for longer image
Source : Guardian [Read Article] Thursday 24th of August 2017 07:26:47 AM
....In an unscheduled trading statement, the company, which trades as Currys, PC World and Carphone Warehouse, said it now expects profits in the range of £360 to £440m this year, down from £501m last year. Analysts had been forecasting annual profits of £495m. ...
B&Q and Homebase sales hammered by bad weather image
Source : Guardian [Read Article] Thursday 17th of August 2017 08:08:30 AM
....6% rise in the same quarter last year. Kingfisher is in the second year of a plan to increase annual profit by £500m from 2021, which will cost £800m over five years to deliver. ...
Mears Group cuts profits forecast in wake of Grenfell Tower fire image
Source : Guardian [Read Article] Tuesday 15th of August 2017 01:00:41 PM
....This would cut the revenue it had expected to make this year from housing by £30m, to £800m. It said that would result in a lower than previously expected annual profit, although it has not disclosed its profit forecast. ...
Sky faces paying extra £1.8bn for Premier League broadcast rights image
Source : Guardian [Read Article] Friday 11th of August 2017 04:10:07 PM
....So far, Sky has been able to absorb the spiralling costs of its most important piece of content. However, annual profits for its UK and Ireland operation fell 14% in the year to the end of June, primarily due to a huge one-off increase in Premier League costs. ...
Trailfinders blames Brexit vote for wiping out £12m profit image
Source : Guardian [Read Article] Sunday 6th of August 2017 12:39:34 PM
. Trailfinders, Britain’s largest independent travel agent, has blamed Brexit for wiping £12m off its annual profit. ...
Next shares climb 10% on news of online sales surge during heatwave image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:49:40 PM
.... Less than two years ago they were changing hands at £80. In March, Next had reported its first drop in annual profits in eight years as the sluggish clothing market was compounded by mistakes of its own making. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
.... Last year the retailer said it would close 30 “full-line” stores – which sell clothing, homewares and food – and convert 45 more into food-only shops. In May, M&S reported a 64% drop in annual profits to £176. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
.... Furniture sellers were among the worst hit as consumers diverted their spending to food and other essentials. Fooring specialist Topps Tiles warned last month that its annual profits would come in towards the bottom of City expectations after a slowdown in sales this year. ...
School buses boost FirstGroup profits image
Source : BBC [Read Article] Thursday 1st of June 2017 09:41:43 AM
. Transport giant FirstGroup warned of ongoing economic uncertainty in the UK as it posted a jump in annual profits. ...
Ryanair makes £1.1bn profit despite cutting fares image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:21:29 PM
. Ryanair announced a record annual profit on Tuesday in a vindication of its strategy of cutting fares to boost market share, and said it planned to turn up the heat further on rivals. ...
FTSE 100 falls as IAG hit by BA's IT failure image
Source : BBC [Read Article] Tuesday 30th of May 2017 07:44:34 AM
.... . Ryanair opened lower - despite the carrier reporting record annual profits - but then gained altitude to close up 2. ...
Frankie & Benny's owner sees shares jump image
Source : BBC [Read Article] Friday 26th of May 2017 09:58:18 AM
....The group, which also owns the Chiquito and Garfunkel's chains, said it expected to report full-year profits in line with market expectations. Last year, annual profits dived 11% after customers shunned the group's brands as it raised prices and ditched popular value offers. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
....Marks & Spencer will report a fresh slump in clothing sales on Wednesday after a revival at Christmas proved short-lived. The disappointing finish to the year will be revealed alongside a sharp fall in annual profits. ...
FTSE 100 sinks while pound jumps image
Source : BBC [Read Article] Thursday 18th of May 2017 08:41:00 AM
....69%, despite the luxury fashion brand reporting a dip in full-year profits, and shares in Royal Mail climbed 1. 04% after it reported a 25% increase in annual profits. ...
Burberry's profits fall amid 'challenging' US trading image
Source : BBC [Read Article] Thursday 18th of May 2017 08:02:50 AM
. British fashion brand Burberry has reported a fall in annual profits amid a "challenging" trading environment, particularly in the US and Hong Kong. ...
South Africa's Vodacom buys into Kenya's Safaricom image
Source : BBC [Read Article] Monday 15th of May 2017 12:08:46 PM
...." . Safaricom is Kenya's biggest and most profitable company and last week reported an 18% rise in annual profit to $470m. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
....Eight years after pumping in £20bn to prevent the bank from collapsing, taxpayers will no longer own any shares in an institution that was created in the depths of the financial crisis when Lloyds TSB rescued HBOS. The share sale, in the midst of the general election campaign, will highlight the contrast between the progress of Lloyds and that of Royal Bank of Scotland, which is still 73% owned by the government and has yet to make an annual profit since its bailout. ...
Idris Elba and falling pound help Superdry emerge as Brexit winner image
Source : Guardian [Read Article] Thursday 11th of May 2017 04:39:17 PM
....Despite the upbeat picture, the shares fell almost 5% as the management team, led by chief executive Euan Sutherland, juggles higher sourcing costs (in common with other retailers, SuperGroup sources its clothing in dollars) and the runaway growth of its wholesale business, which has lower profit margins than retail. As a result, the sales surge did not shift the dial on annual profits, with Sutherland confirming they would be in line with existing City forecasts of between £86m and £87m. ...
Nissan reports jump in annual profits image
Source : BBC [Read Article] Thursday 11th of May 2017 07:55:47 AM
. Nissan has seen annual profits jump 27%, boosted by better sales in China, the US and Europe. ...
TalkTalk slumps 11% on profit warning image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:06:26 AM
....7%, while Barratt Developments ended 2. 2% higher after the housebuilder said annual profit would be at the top end of forecasts. ...
John Lewis takes £36m hit for minimum wage error image
Source : BBC [Read Article] Tuesday 9th of May 2017 02:23:30 PM
BA owner IAG hails record first-quarter profit image
Source : BBC [Read Article] Friday 5th of May 2017 10:00:56 AM
....Neil Wilson, from ETX Capital, said the figures were impressive: "Some nice figures from two of the key players in the UK airline sector this morning suggest that the turbulent times of late are being left behind. "IAG has been able to navigate its way through stormy conditions last year, posting a 31% rise in annual profits in February so this is continuing the trend and means it's on track to live up to expectations that this year will be even better than last. ...
FTSE 100 boosted by Pearson and IAG image
Source : BBC [Read Article] Friday 5th of May 2017 08:08:03 AM
.... That was despite IAG taking a 32m-euro hit to profits in the quarter as a result of the weak pound. "IAG has been able to navigate its way through stormy conditions last year, posting a 31% rise in annual profits in February so this is continuing the trend and means it's on track to live up to expectations that this year will be even better than last," said Neil Wilson at ETX Capital. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
....Some of Next’s problems are of its own making. In March, the retailer reported its first fall in annual profits for eight years and said it had failed to stock enough wardrobe staples while chasing a more fashionable image. ...
Next shares fall as it cuts profit outlook image
Source : BBC [Read Article] Thursday 4th of May 2017 07:06:19 AM
....The weak performance was expected after the retailer had warned in March of "another tough year ahead". In March, Next reported its first drop in annual profit for eight years and said it remained "extremely cautious" about trading. ...
Easter eggs help boost supermarket sales image
Source : BBC [Read Article] Wednesday 3rd of May 2017 01:23:30 PM
....Despite these positive quarterly sales figures, the supermarket has warned of "challenging" trading and ongoing price pressures, posting an 8. 2% fall in annual profits. ...
Nintendo says Switch will help double profits image
Source : BBC [Read Article] Thursday 27th of April 2017 12:33:24 PM
. Nintendo says the success of its new Switch console will help it to double annual profits. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
.... . In February, Lloyds reported its highest annual profit in a decade, helped by a reduction in payment protection insurance provisions. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
....3m total pay package. Total remuneration for Next’s board almost halved as all directors missed out on their annual bonus after a failure to stock enough wardrobe staples contributed to the chain’s first drop in annual profits for eight years. ...
Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
...."Starbucks in the UK has experienced significant economic and geopolitical headwinds this year which affected sales, including slowing economic growth, [the] impact of Brexit and ongoing security security concerns contributing to weakening consumer confidence," Starbucks said. In November, the coffee chain reported record annual profits on a global basis, but that was mainly down to a big rise in sales in the Americas. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....4bn loss two years ago – one of the biggest losses in British corporate history – after the group slashed the book value of its property and stock. Five years ago Tesco was banking annual profits of £4bn and in a bid to reclaim that high ground Lewis has set a target that by 2020 Tesco will earn between 3. ...
Asda reignites row over 'farm' brands by relaunching value range image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:30:26 AM
.... Some of the foods were imported from overseas and given British names to make them sound local. Tesco will on Wednesday reassure investors that its crisis years are over by reporting a larger-than-expected jump in annual profits. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....5m shares in JD nearly a year ago, only to see it prosper. After “exceptional” Christmas trading, JD promised that annual profits would be up again, a year on from reporting a 45% rise in earnings. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
....3m. The company said it expected sales for the year to rise by between 30% and 35%, ahead of previous expectations of 25% to 30%, but annual profits would not be higher than predicted because of the increased costs. ...
New John Lewis boss warns of further job cuts and price rises image
Source : Guardian [Read Article] Thursday 30th of March 2017 05:11:10 PM
....As part of its efforts to modernise and keep customers coming into stores rather than just shopping from their sofas, Nickolds said the chain would be providing more services – from beauty salons to an appointment system for customers to consult with expert store staff about potential purchases. Nickolds said the company would not be using more agency workers rather than directly employed staff – who are called partners and who share in an annual profit-related bonus and get a range of other benefits, including access to John Lewis-owned holiday homes. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
....Next's results reflect these trends in spades. Its annual profits have fallen for the first time in eight years and it doesn't seem in the mood to pull any punches. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....". Fashion retailer Next said on Thursday it was "extremely cautious" about trading for the coming year as it reported lower annual profits. ...
Next shares leads FTSE 100 higher image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
.... . Next shares jumped by 8% despite the retailer reporting its first fall in annual profits for eight years, with profits dropping to £790m. ...
Next admits mistakes as profits fall for first time in eight years image
Source : Guardian [Read Article] Thursday 23rd of March 2017 08:58:32 AM
. The retailer Next has said a failure to stock enough wardrobe staples had contributed to its first drop in annual profits for eight years. ...
Next sees first annual profit fall in eight years image
Source : BBC [Read Article] Thursday 23rd of March 2017 07:24:09 AM
. Next has reported its first fall in annual profit for eight years and warned of "another tough year ahead". ...
BA owner IAG launches new long-haul airline Level image
Source : BBC [Read Article] Friday 17th of March 2017 10:56:07 AM
....". Last month IAG reported a 64% jump in annual profits to 1. ...
FTSE 100 ends lower after Budget speech image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:03:23 AM
....But shares in rival insurer Admiral ticked up 1. 67% despite the firm reporting that annual profits were down by a quarter. ...
John Lewis and Waitrose owner set to reduce staff bonus image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:49:46 PM
....The cut in the bonus reflects the tough retail environment. The business, which covers department stores, supermarkets and online shopping, is expected to report a 10% fall in underlying annual profits for last year. ...
Moneysupermarket shares hit as revenues dip image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:27:26 AM
....The FTSE 250 company said this was due to customers switching less between savings and current accounts because of low interest rates. The news overshadowed the 16% rise in annual profits to £73. ...
FTSE 100 shrugs off fall in insurance shares image
Source : BBC [Read Article] Monday 27th of February 2017 09:27:14 AM
....Persimmon closed 0. 25% higher after the housebuilder reported a 23% rise in annual profits and gave an upbeat description of recent trading. ...
Trinity Mirror sees big rise in profits image
Source : BBC [Read Article] Monday 27th of February 2017 08:17:10 AM
. Newspaper firm Trinity Mirror has seen annual profit rise 24% after it bought local paper group Local World. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....McCluskey criticised May for not meeting Tavares, “as this would have been the opportunity for her to state that she will give UK plants the same, if not more, backing for the UK plants as the German and French leaders have given their workforces”. PSA announced on Thursday it would resume dividend payments for the first time since 2011, after annual profits nearly doubled to €1. ...
Qantas profits buffeted by competition headwinds image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:43:50 AM
.... . The company did not give annual profit guidance as the short-term outlook remains subject to variable factors, including "oil price movements, foreign exchange movements and global market conditions". ...
Waterstones makes first year of profit since 2008 financial crash image
Source : Guardian [Read Article] Wednesday 1st of February 2017 04:59:43 PM
. Strong sales of children’s books, teenage literature, and fiction have helped Waterstones to its first annual profit since the 2008 financial crisis, raising the potential of a stock market listing. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
BA cabin crew start two-day strike at Heathrow image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:01:19 AM
.... . "With the parent company of British Airways forecasting annual profits in the region of £2. ...
Christmas boost for easyJet as 5.6m people fly in December image
Source : Guardian [Read Article] Friday 6th of January 2017 09:59:50 AM
....This comes as welcome news for the airline, which had a rough ride over the year as a whole. EasyJet recorded a sharp fall in annual profits – its first decline in six years – after being hit by the slide in sterling, multiple terrorist attacks and airport strikes. ...
Brompton pins hopes – and profits – on new fold-up electric bike image
Source : Guardian [Read Article] Thursday 5th of January 2017 05:00:48 PM
. The maker of the Brompton fold-up bike is hoping the launch of an electric model this year will kickstart growth after a 40% fall in annual profits. ...
Next warns on outlook as sales fall image
Source : BBC [Read Article] Wednesday 4th of January 2017 07:34:13 AM
....The retailer said full-price sales fell by 0. 4% in the 54 days to 24 December, with annual profits now set to be at the low end of expectations. ...
British Airways cabin crew to go on strike next week in pay dispute image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 07:25:18 PM
....Average pay, including allowances, is around £16,000 a year for the crew, according to Unite, a figure disputed by BA which said all were paid at least £21,000 after bonuses. Discontent has been exacerbated by high executive pay and large profits at the airline, with its parent company, IAG, forecasting annual profits of €2. ...
Santa Rally sends FTSE 100 to new record high image
Source : BBC [Read Article] Wednesday 28th of December 2016 09:49:18 AM
....It blamed "slower-than-expected build production" in December for a slowdown in sales, with completions on around 180 homes set to be delayed into early 2017. Bovis now expected to complete between 3,950 and 4,000 homes this year, which will leave annual profits at between £160m and £170m. ...
Nissan's British arm saw profits rise 21% before EU vote image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:41:39 PM
. The British arm of Japanese car maker Nissan increased annual profits last year ahead of warnings by senior executives that the Brexit vote could undermine its business and put investment plans in jeopardy. ...
Centrica has donated to US climate change-denying thinktank image
Source : Guardian [Read Article] Friday 16th of December 2016 06:00:45 AM
.... It is not clear exactly how much the company has donated in total to the thinktank but the Guardian understands the most recent donation was of the same order of magnitude as the $20,000 given in 2010. On Thursday, Centrica upgraded its annual profit forecast, partly due to a stronger-than-expected performance by its north American businesses. ...

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