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....3bn. It is expecting a further drop in profits to between £680m and £780m this year as the retailer battles a wider slowdown in clothing sales. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 08:58:32 AM
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Latest Finance News related to Drop In Profit

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
....3bn. It is expecting a further drop in profits to between £680m and £780m this year as the retailer battles a wider slowdown in clothing sales. ...
Southern rail chief: we aren’t doing anything wrong image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:04:25 PM
....In recent months, MPs have called on the government to take over the service, saying that ministers were failing to enforce the terms of GTR’s contract, with hundreds of trains failing to run on time daily amid strike action by staff. Brown was speaking on Tuesday, when Go-Ahead shares fell by almost 14% after the group announced a 13% drop in profits for the first half of the financial year, partly driven by the losses on GTR. ...
Foxtons shares slump after significant fall in London property sales image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:45:19 AM
. Foxtons has unveiled a sharp drop in profits and has warned that housing sales would decline in the year ahead if demand for properties fails to pick up. ...
AstraZeneca to move some UK jobs to Poland, Costa Rica and Malaysia image
Source : Guardian [Read Article] Sunday 4th of December 2016 01:26:06 PM
....”. AstraZeneca said the changes were part of efforts to shore up the company’s finances as it wrestles with a 13% drop in profit in the first nine months of 2016 to $4. ...
Ryanair cuts profit forecast after fall in pound image
Source : BBC [Read Article] Tuesday 18th of October 2016 06:22:14 AM
....". Cantor Fitzgerald Europe analyst Robin Byde told the BBC that part of the drop in profit guidance was due to Ryanair heavily discounting fares to compete with budget rivals as well as a weaker trading environment. ...
US asks Deutsche Bank for $14bn to settle mortgage investigation image
Source : BBC [Read Article] Thursday 15th of September 2016 11:49:24 PM
....The fine has emerged at a difficult time for Deutsche Bank. Its most recent results revealed a 20% fall in second quarter revenues and a 67% drop in profits. ...
Energy suppliers' profits 'far too high for what they do' image
Source : Guardian [Read Article] Sunday 24th of July 2016 01:04:07 PM
.... They are not making the stuff,” Witcomb said. British Gas and other major energy suppliers argue that a 5% margin is appropriate but Witcomb said there was room for a further drop in profits if the CMA’s recommendations to improve the market were successful. ...
Christopher Bailey: from Burberry chief executive to chief hatchet man image
Source : Guardian [Read Article] Wednesday 18th of May 2016 06:50:58 PM
.... But the exercise will plainly be a shock to a company that has not worried about internal efficiencies during its astonishing 15-year rise from unloved subsidiary of the old Great Universal Stores to winner in the global luxury goods love in. The drop in profits, barely softened by a £150m share buyback, flows from slower sales in luxury markets such as Hong Kong, Macau and Japan. ...
The way we shop now: the revolution in British spending habits image
Source : Guardian [Read Article] Friday 6th of May 2016 04:43:08 PM
.... Official tourism figures show the number of trips taken for fun or to visit family and friends has increased sharply since 2010. As Sainsburys revealed a drop in profits this week, its chief executive, Mike Coupe, said shoppers had more money in their pockets but were spending it largely on holidays and new cars. ...
Barclays hails new 'strength' despite fall in quarterly profits image
Source : Daily Express [Read Article] Thursday 28th of April 2016 08:33:00 AM
. Widening losses in its non-core businesses, including loans to the social housing, local authority and education sectors, as well as a 31 per cent drop in profit from its investment banking business, led to group profits falling from £1. ...
Standard Chartered shares surge despite profit slump image
Source : Guardian [Read Article] Tuesday 26th of April 2016 10:12:23 AM
. Standard Chartered has reported a sharp drop in profits in the first quarter of the year but reassured investors over its financial strength, sparking a 10% jump in its shares. ...
Bankers' bonuses still simmering as companies face shareholders image
Source : Guardian [Read Article] Sunday 27th of March 2016 02:28:04 PM
....Jes Staley’s appointment at Barclays saw him receive a £3m total remuneration uplift over and above that of the former chief executive Antony Jenkins, who incidentally was sacked in July 2015 for not delivering enough shareholder value. Shareholders are feeling the pain since the recently announced dividend cuts and subsequent 8% fall in share price that followed a 9% drop in profits for 2015. ...
Eurostar says strong pound hurt profits image
Source : BBC [Read Article] Tuesday 15th of March 2016 07:34:10 AM
. Cross-Channel train operator Eurostar says a strong pound, the Paris attacks and disruptions have contributed to a drop in profits. ...
Budweiser owner sees profits drop image
Source : BBC [Read Article] Thursday 25th of February 2016 01:09:09 PM
....Anheuser-Busch InBev, the world's largest brewer, has posted a 3. 95% drop in profits in 2015 to $8. ...
Oil and mining stocks drag FTSE lower image
Source : BBC [Read Article] Thursday 18th of February 2016 08:25:45 AM
....54 points, with Anglo American the biggest loser. Shares in British Gas owner, Centrica, were the best performer, rising through the day to end up 7% after its drop in profit was smaller than expected. ...
Rolls Royce crisis spreads raising fears for dividend image
Source : Telegraph [Read Article] Saturday 6th of February 2016 07:57:58 PM
.... . It is thought Rolls, a FTSE 100 company, could even halve its final dividend, after it reports an anticipated £300m drop in profits as the company’s problems spread to its power systems unit. ...
Picking stocks? Sometimes the decision is a no-brainer image
Source : Telegraph [Read Article] Saturday 6th of February 2016 04:19:08 PM
. When Shell announced an 80pc drop in profits last week, its shares rose by 6pc, making it one of the best performers in the FTSE 100. ...
Nintendo profit falls as Wii U flails image
Source : BBC [Read Article] Tuesday 2nd of February 2016 12:02:05 PM
. Nintendo has reported a drop in profits, after relatively weak sales of games for its Wii U console. ...
Welcome to AUSTERITY Saudi Arabia: Crashing oil prices sends economy into meltdown image
.... At the same time, oil and gas firms are being force to cut jobs and make huge savings. Analysts have predicted BP is set to announce a huge 70 per cent drop in profits tomorrow, after already axing thousands of jobs. ...
Shell profits dive ahead of BG vote image
Source : BBC [Read Article] Wednesday 20th of January 2016 07:23:02 AM
. Royal Dutch Shell has reported a sharp drop in profits just a week before shareholders vote on its planned takeover of smaller rival BG Group. ...
Global stock markets lose ground as Chinese industry reels image
Source : Telegraph [Read Article] Monday 28th of December 2015 12:03:55 PM
.... Miners were among the worst hit with a 56. 5pc drop in profits for the year so far, as a renewed slump in commodity prices has dented margins. ...
Five-minute guide to falling payouts from companies image
Source : Daily Express [Read Article] Sunday 13th of December 2015 12:01:00 AM
....Damien Fahy, founder of personal finance website MoneyToTheMasses. com, says firms tends to cut their dividends following a drop in profits: “For example, Sainsbury’s and Tesco have been hit by the rapid growth of Aldi and Lidl. ...
Brewin Dolphin shrugs off threat of robo-advisers as it looks to grow financial advice business image
.... Shares in the firm opened almost 5pc higher after the results. The FTSE 250 stock is about 25pc below the level seen before a disappointing update in May 2014, when Brewin said an IT writedown had led to a 70pc drop in profit. ...
Poundland shares plunge as profits fall image
Source : BBC [Read Article] Thursday 19th of November 2015 08:17:56 AM
....1p. The drop in profits and sales for the six months to 27 September was not a "major problem," Mr McCarthy told the BBC. ...
Wall Street drops after lukewarm retail report as US shoppers remain cautious image
.... This month, both Macy’s and Nordstrom reported disappointing results; the stores also lowered their full-year forecasts. Kohl’s also reported a 15% drop in profit even as same-store sales rose 1%. ...
Man Utd posts 39% increase in revenues image
Source : BBC [Read Article] Thursday 12th of November 2015 01:01:17 PM
....9m figure a year previously. The drop in profit was partly caused by a loss on player trading of £7. ...
Morrisons loses pay fighter Johanna Waterous  image
Source : Telegraph [Read Article] Thursday 12th of November 2015 11:48:56 AM
.... . Ms Waterous canned bonuses, share awards and salary increases in 2013 after the supermarket posted a drop in profits and sales, largely because it was not selling food online – the fastest growing segment of the sector. ...
Halfords unveils new strategy to pedal company forward as profits fall image
Source : Telegraph [Read Article] Thursday 12th of November 2015 08:38:40 AM
.... Victoria Pendleton has also designed a range of womens bikes for Halfords. The retailer's cycle stores also saw a drop in profit margins due to more promotional activity. ...
Airlines hit turbulence after sector downgrade image
Source : Telegraph [Read Article] Wednesday 7th of October 2015 04:48:29 PM
.... . Despite the sharp drop in profits, analysts at Shore Capital see a business that is steadying, crediting chief executive Dave Lewis for “stabilising a ship that was in danger of sinking”. ...
Standard Chartered's new chief awarded £6.7m in shares image
Source : Guardian [Read Article] Wednesday 23rd of September 2015 04:33:34 PM
....The veteran global banker replaced longstanding boss Peter Sands and less than a month into the job reshuffled Standard Chartered’s management team. He halved the dividend at the half-year results in August, which showed a 44% drop in profits, and left the door open to a fundraising to rebuild the firm’s financial strength. ...
Low oil price hits Rosneft profit image
Source : BBC [Read Article] Monday 31st of August 2015 11:42:29 AM
. Russian oil giant Rosneft has reported a sharp drop in profits due to lower oil prices. ...
Tata Steel to cut as many as 250 jobs in south Wales image
Source : Guardian [Read Article] Wednesday 26th of August 2015 04:17:28 PM
....It is only a few months since the Unite union balloted its 6,000 members at Tata Steel over its plan to close the British Steel pension scheme, but the two sides eventually reached a peaceful settlement. When it announced its first quarter results last month, Tata blamed “surging EU imports, especially from China, and, in the case of the UK operations, the appreciation of sterling against the euro,” for a drop in profits. ...
Drop in profits for Lothian Buses image
Source : BBC [Read Article] Thursday 20th of August 2015 09:45:35 PM
. Lothian Buses, which dominates Edinburgh public transport, including trams and tourist tours, has reported a drop in profits during last year. ...
Car production moves down a gear as holiday season hits image
Source : Telegraph [Read Article] Thursday 20th of August 2015 08:53:39 AM
.... However, the slowdown in China's economy could knock the UK car industry's performance. Jaguar Land Rover, a major force in Britain's auto sector and whose biggest export market in China, recently reported a drop in profits and revenues after demand in country fell as car buyers held off on car purchases in the face of economic uncertainty. ...
Glencore mulls future of platinum mine as commodity prices plunge image
Source : Telegraph [Read Article] Tuesday 18th of August 2015 07:52:18 PM
.... . The FTSE 100 company is already under pressure because of tumbling commodity prices and is expected to announce a huge drop in profits on Wednesday when it announces interim results. ...
Npower loses 300,000 customers and profits plummet thanks to billing errors image
.... . “The main part of our drop in profits has been due to the continued impact of the systems issues that hit our domestic business last year,” he said. ...
Npower profits plunge 60% amid ongoing billing problems image
Source : Guardian [Read Article] Thursday 13th of August 2015 12:45:51 PM
....Npower blamed billing problems for a 60% fall in UK profits: the company earned €53m (£38m) in the first six months of 2015, compared with €133m the year before. “The main part of our drop in profits has been due to the continued impact of the systems issues that hit our domestic business last year,” the npower chief executive, Paul Massara, said. ...
PZ Cussons profits slide on Nigerian turmoil  image
Source : Telegraph [Read Article] Saturday 18th of July 2015 06:07:25 PM
.... Sales are expected to fall 5pc to £816. 3m alongside a drop in profits to £108. ...
Marks and Spencer boss nets big bonus image
Source : BBC [Read Article] Thursday 4th of June 2015 10:28:08 AM
....The High Street retail giant recently reported its first rise in annual profits in four years. Last year, Mr Bolland and his executive team had to forgo bonuses, after the company's consistent drop in profits. ...
KFC sues over 'eight-legged chicken' image
Source : BBC [Read Article] Monday 1st of June 2015 03:33:15 PM
....By the end of 2014, KFC had 4,828 branches in China, and has been opening hundreds of new outlets every year. The company's owner, Yum Brands, warned of a drop in profits for 2014 after one of the suppliers to its Chinese stores was accused of selling old meat. ...
FTSE 100 ends the day strongly image
Source : BBC [Read Article] Wednesday 27th of May 2015 08:19:52 AM
....In the FTSE 250, shares in De La Rue fell 8. 94% after the banknote printer reported a drop in profits and slashed its dividend. ...
Now that's what you call a real shareholder revolt image
Source : Telegraph [Read Article] Tuesday 26th of May 2015 12:35:01 PM
.... . At one point in the footage an irate investors is seen spitting at company employees after the firm, which is listed on the Kuwait Stock Exchange, announced a 94pc drop in profits. ...
BG Group reports fall in profits as oil price drop bites image
Source : Telegraph [Read Article] Friday 8th of May 2015 06:53:26 AM
. BG Group reported a 63pc drop in profits in the first quarter as the collapse in the oil price at the start of the year continued to hurt earnings. ...
Shell profits tumble - but not as badly as feared image
Source : Telegraph [Read Article] Thursday 30th of April 2015 07:30:26 AM
.... Ben van Beurden, Shell's chief executive . Despite the drop in profits, Shell said it would go ahead with its plan to dramatically expand via its £47bn takeover of BG Group. ...
Primark unveils 11% rise in first-half profits but strong US dollar causes alarm image
....At Primark’s owner, ABF, profits before tax halved to £213m. Higher profits at the discount retailer partly offset a sharp drop in profits at the group’s sugar division due to much weaker EU sugar prices. ...
Supermarkets must expect permanently lower profits - and their customers are to blame image
.... One grocery retailer can report a 24pc fall in profits and be heralded as a success. And yet, another can report a 52pc drop in profits and be written off as a basket case, firing its chief executive as a result. ...
CRH falls amid merger uncertainty image
Source : Telegraph [Read Article] Monday 9th of March 2015 07:14:44 PM
.... “With falling profits leaving the pay-out looking abnormally high versus free cash flow, we think the chances of a dividend cut are now greater than 50pc,” they said of StanChart, which last week unveiled $1. 8bn of cost-cuts and a 25pc drop in profits. ...
Perfect storm hits Standard Chartered as profits plunge image
Source : Daily Express [Read Article] Thursday 5th of March 2015 07:31:00 AM
....2billion of cost savings over the next three years. Chairman Sir John Peace, who will stand down next year, defended Standard’s decision to reduce its bonus pool by only 9 per cent, far less than the drop in profit. ...
Hewlett-Packard profits fall on strong dollar image
Source : Telegraph [Read Article] Tuesday 24th of February 2015 10:22:35 PM
. US computer giant Hewlett-Packard has reported a drop in profits in the past quarter and said the strengthening dollar was likely to hurt its finances this year. ...
Japan's Nikkei boosted by weaker yen image
Source : BBC [Read Article] Tuesday 24th of February 2015 02:34:47 AM
....HSBC's Hong Kong-listed shares fell after the bank reported lower-than-expected profits on Monday. HSBC said 2014 had been a "challenging year" after reporting a 17% drop in profit to $18. ...
FTSE companies salvation for savers as saving rates could be cut due to low inflation image
....7 per cent, Lloyds Banking Group and Royal Bank of Scotland halted theirs after the financial crisis and have yet to restart them, while supermarket giant Tesco saw its share price collapse last year and cut its dividend by 75 per cent. Last week British Gas owner Centrica said it would cut its dividend after a sharp drop in profits. ...
Questor share tip: Sell Wood Group as oil tumbles image
Source : Telegraph [Read Article] Tuesday 17th of February 2015 05:38:24 PM
....5bn in revenue and $200m in profits. If Wood Group is returning to those levels, which isn’t unreasonable given where the US rig count is today, the worst case scenario is a $1bn hole in revenue and a $150m drop in profits. ...
FTSE lower ahead of Greece meeting image
Source : BBC [Read Article] Monday 16th of February 2015 12:32:59 PM
....8% to 278. 80 after a broker cut its price target for the stock and reports suggested the firm will report a big drop in profits. ...
Barbie is in meltdown. So how can toy makers appeal to modern little girls? image
.... . It’s a question that’s surely being asked by the grey suits at Mattel this week, following Monday’s abrupt resignation of the toy manufacturer’s CEO, Bryan Stockton on the back of a 49 per cent drop in profits. ...
Superdry owner surges as cold snap boosts sales image
Source : Telegraph [Read Article] Wednesday 14th of January 2015 09:31:51 AM
.... The news was a much needed boost for the business, whose shares have fallen heavily over the past year. Supergroup launched a strategic review in early December after reporting a drop in profits. ...
Supergroup warns on margins as profits slide 30pc image
Source : Telegraph [Read Article] Thursday 11th of December 2014 07:53:51 AM
.... . The drop in profit was expected by the City after SuperGroup issued a profit warning in October on the back of warmer than average weather. ...
Tesco's chief optimistic despite FOURTH warning image
Source : Daily Express [Read Article] Wednesday 10th of December 2014 12:56:00 PM
....Profits were also hit by a programme to slash prices and the cost of improving customer service. The drop in profit is a "necessary evil", according to Neil Saunders, managing director of retail consultancy Conlumino. ...
Royal Mail shares take a hit after regulator rejects claims universal service under threat image
.... . Whistl has claimed Royal Mail’s problems, which included a 21 per cent drop in profit to £279 million in last month’s interim results, were because “it lags behind its most modernised EU peers in terms of efficiency, cost reduction, productivity and flexibility”. ...
All Bar One owner Mitchells & Butlers sees profit fall image
Source : BBC [Read Article] Tuesday 25th of November 2014 10:13:34 AM
. Mitchells & Butlers (M&B), the pubs and restaurants group, has reported a drop in profit for the year despite a rise in sales after almost doubling its investment in the business. ...
Investors issue 'red top’ warning over new BG Group chief’s pay   image
Source : Telegraph [Read Article] Tuesday 25th of November 2014 09:00:13 AM
.... . Last month, the company posted a 29pc drop in profits amid ongoing problems in its Egyptian gas fields, after warning in January that Egypt would be a bigger-than-expected drag on earnings. ...
Burberry mum about Romeo Beckham's £45,000 fee as profits fall image
Source : Independent [Read Article] Thursday 13th of November 2014 11:45:47 AM
....How bad was it?. Burberry reported an 11 per cent drop in profits to £142m as currency woes hit its first half. ...
Aldi to create 35,000 jobs by 2022 image
Source : Telegraph [Read Article] Monday 10th of November 2014 03:42:09 PM
.... This week, Sainsbury’s is expected to report a fall in sales for the last six months and a 12. 5pc drop in profits. ...
Asos shares bounce back as company eyes 'very big prize' image
Source : Telegraph [Read Article] Tuesday 21st of October 2014 06:56:21 AM
.... . The company reported a drop in profits despite revealing that it had collected an insurance pay-out of £11. ...
US spirits dampened by profits plummet for computing giant IBM image
Source : Daily Express [Read Article] Tuesday 21st of October 2014 12:00:00 AM
....”. Sentiment in the US was also dampened by a 17 per cent drop in profits at computing giant IBM, which also announced the sale of its loss-making microchip division to Abu Dhabi’s ­sovereign wealth fund for £930million. ...
Bank of America sees profit fall on mortgage settlement image
Source : BBC [Read Article] Wednesday 15th of October 2014 12:10:13 PM
. Bank of America has reported a big drop in profits due to a multi-billion dollar settlement with US authorities. ...

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