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Latest Finance News related to Increased Profit

Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
...."It has been a momentous year for us. The Boohoo brand has achieved outstanding revenue growth and increased profitability margins during the year," said joint chief executives Mahmud Kamani and Carol Kane. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
. Two major US banks have reported increased profits for the first quarter of the year, amid higher interest rates and an energy sector rebound. ...
Dixons and Capita to drop out of FTSE 100 image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:06:23 PM
....Dixons Carphone shares have lost nearly 20% of their value over the past six months. The domestic appliance to mobile phone retailer reported increased profits at the end of last year but is battling higher import costs due to the weaker pound as well as increased competition from online retailers. ...
ITV Studios: is the glitter coming off broadcaster's hit factory? image
Source : Guardian [Read Article] Wednesday 30th of November 2016 12:18:45 PM
....“The general view is that it has been a great short-term strategy,” the executive said. “They wanted a transformational story and to say they increased profits. ...
Black Friday deliveries may be hit by packaging workers' strike action image
Source : Guardian [Read Article] Saturday 19th of November 2016 07:00:01 AM
....Parcel and pizza deliveries could be hit over the busiest online shopping weekend of the year after thousands of cardboard packaging workers voted for strike action over pay. Workers at about 40 corrugated packaging factories operated by DS Smith, Saica and Smurfit Kappa have rejected a 2% pay rise, claiming their rewards have fallen behind as the companies increased profits. ...
JP Morgan Chase to pay $264m over Chinese 'princelings' bribery scheme image
Source : Guardian [Read Article] Thursday 17th of November 2016 05:16:33 PM
.... A position was created for the candidate in New York, and JP Morgan thereafter obtained a leading role in the IPO. The DoJ calculates the scheme increased profits at JP Morgan by at least $35m. ...
Southern rail strike: conductors' 24-hour walkout causes travel chaos image
Source : Guardian [Read Article] Wednesday 18th of May 2016 08:04:18 AM
....Mick Cash, the RMT general secretary, said: “Our guards members on Southern are solid and determined this morning and the union welcomes the support from the travelling public as they recognise that this dispute is about defending safety-critical jobs and services against the drive for cash-driven cuts that would see those services hacked to ribbons. “With commuters paying thousands of pounds a year for their annual tickets on Southern there can be no explanation for the removal of the guards other than a central obsession in the boardroom for putting increased profits above public safety. ...
From pricing analyst to board of directors in seven years image
Source : Guardian [Read Article] Thursday 7th of April 2016 01:09:01 PM
....”. Costello, who joined the board of directors in January, has also developed a team of internal energy assessors, enabling the business to offer energy auditing directly to clients rather than outsourcing to a third-party provider, which has increased profits. ...
Domino's Pizza boosted by mobile app image
Source : BBC [Read Article] Thursday 3rd of March 2016 08:30:21 AM
....The chain opened a record 61 new stores in the UK in 2015, taking its total number of outlets to 869 by the end of the year. Domino's said its franchises had seen increased profitability over the course of the year "primarily as a result of the benign food price environment combined with the group's purchasing power". ...
Weight Watchers not feeling the Oprah 'effect' as membership continues to fall image
.... “The partnership with Oprah Winfrey is off to a strong start. Our transformation momentum is building, with positive recruitments this winter season setting a solid foundation for revenue growth and increased profitability. ...
LSE and Deutsche Börse: an Anglo-German pact in the shadow of Brexit image
Source : Guardian [Read Article] Tuesday 23rd of February 2016 07:55:10 PM
....You remember Standard Chartered? It’s the Asian-focused lender that was terribly pleased with itself for getting through the great financial crisis of 2007-09 with barely a scratch. It’s the bank that recorded a tenth year of increased profits in 2012 and whose chairman, then and now, declared that “Standard Chartered remains a growth story. ...
New energy bill row after British Gas reveals bumper profits image
Source : Guardian [Read Article] Thursday 18th of February 2016 08:09:47 AM
....com said the British Gas results should send warning signals to financial regulators finalising a report following a two-year review of the energy markets. “Seeing a major supplier report increased profits at a time of sustained low wholesale prices should strengthen the Competition and Markets Authority’s determination to fix the broken energy market. ...
British Gas profits rise 31pc to £574m image
Source : Telegraph [Read Article] Thursday 18th of February 2016 07:31:48 AM
.... . Centrica announced a £31 British Gas price cut last week, but faced calls from groups including Citizens Advice and USwitch to cut further in light of the increased profits at the division. ...
Fury as SSE delays snipping bills until after Easter  image
Source : Daily Express [Read Article] Thursday 28th of January 2016 12:25:00 PM
.... Director of consumer policy at Uswitch, Ann Robinson, said: “Not only is this another token-gesture cut but why should customers have to wait until after Easter to see reductions to their bills?"Lower prices are good news but prices can and should be cut much further. "In November SSE revealed to shareholders it had increased profits by a whopping 48. ...
Finally Tesco and Asda cut diesel prices to 6-year low but it’s not enough, blast critics image
....Yet at the pump, drivers have seen price falls drip through at a far slower pace - especially for diesel. Quentin Willson campaigner for FairFuelUK said there has been "weeks and weeks of increased profits on every litre of diesel sold and weeks and weeks of not passing savings on to motoring consumers". ...
Supermarkets cut diesel price to six-year low image
Source : Telegraph [Read Article] Friday 22nd of January 2016 11:03:05 AM
.... . Campaigner Quentin Willson said there had been "weeks and weeks of increased profits on every litre of diesel sold and weeks and weeks of not passing savings on to motoring consumers". ...
Duchy Originals forced to buy back shares from Prince Charles's charitable foundation image
....Prince Charles’s Duchy Originals has been forced to buy back shares from his charitable foundation to avoid leaving the charity out of pocket after a change in the rules around Gift Aid. The company, which sells biscuits, sausages and soup exclusively through up-market grocer Waitrose, increased profits by 2% to £3m as royalties from the sale of its products rose by 2. ...
Sports Direct risks a lasting stain with its grubby behaviour image
Source : Guardian [Read Article] Wednesday 9th of December 2015 07:49:56 PM
.... Sooner or later, though, grubby behaviour – to put it at its mildest – usually returns to bite. Sports Direct’s share price has been virtually flat for two years, despite increased profits. ...
Android users are ditching their phones for the iPhone at a record rate image
Source : Telegraph [Read Article] Tuesday 27th of October 2015 10:28:47 PM
.... The world's biggest company surpassed the $45. 2bn made by ExxonMobil in 2008, after the release of its latest smartphones increased profits by 31pc in its fourth quarter. ...
Apple reports biggest annual profit in history with net income of $53.4bn image
Source : Telegraph [Read Article] Tuesday 27th of October 2015 08:50:34 PM
.... The world's biggest company surpassed the $45. 2bn made by ExxonMobil in 2008, after the release of its latest smartphones increased profits by 31pc in its fourth quarter. ...
Source : Independent [Read Article] Friday 4th of September 2015 01:08:49 AM
.... As a result, it has raised its profit forecast for the year to September from a range of £620m to £660m to a new high of £675m to £700m. “The single biggest driver of our increased profits has been UK passengers going overseas to beach destinations,” said an EasyJet spokesman. ...
HSBC enjoys a Far East boost image
Source : Daily Express [Read Article] Monday 3rd of August 2015 09:03:00 PM
....Gulliver said: “Our performance in the first half demonstrated the underlying strength of our business. “Our diversified, universal model enabled the group to deliver increased profitability in spite of slow global growth. ...
Profiteering? British Gas customers hit again as energy giant fails to pass on profits hike image
.... . Hard-pressed customers will understandably wonder why their bills haven’t reflected the increased profits, said Which? executive director, Richard Lloyd. ...
Domino's sales climb as customers order pizza by app image
Source : Telegraph [Read Article] Tuesday 28th of July 2015 08:15:34 AM
.... "The 21 new stores opened in the period are performing better than ever. Our roll-out is well supported by our franchisees, who are benefiting from increased profitability and are seeing a good reaction from the UK consumer to our bundle deals and other initiatives. ...
Banks will be forced to tell savers how much interest they earn image
Source : Independent [Read Article] Friday 24th of July 2015 01:17:45 AM
....”. He said that providers have, for far too long, increased profitability to the detriment of customers. ...
Rate change text alert for savers image
Source : BBC [Read Article] Thursday 23rd of July 2015 09:25:12 AM
....Campaigners believe banks could have done more, and have welcomed the FCA's proposals. "For too long providers have increased profitability to the detriment of customers as their cash sits in accounts offering miserly returns," said Andrew Hagger, of Moneycomms. ...
Banks and building societies must offer clearer savings deals and tell people when gimmicky teaser rates finish image
....”. He said that providers have, for far too long, increased profitability to the detriment of customers. ...
EasyJet on course for profit growth thanks to beach holiday demand image
Source : Guardian [Read Article] Wednesday 22nd of July 2015 12:27:30 PM
. Early demand for beach holidays has kept easyJet on course for increased profits despite French air traffic strikes and a fire at its Rome airport base. ...
Betfair profits beat forecasts after World Cup kicks off surge in customers image
....Earnings before interest, tax and other items for the year to 30 April rose 32% to £120m. The result outstripped increased profit guidance issued in March of between £113m and £118m. ...
Filthy lucre: what the Sex Pistols can teach us about finance image
Source : Guardian [Read Article] Tuesday 9th of June 2015 04:49:33 PM
....The Sex Pistols bragged about the large, unreturned advances they were paid, thus securing the best deal they could for their business. Similarly, Virgin showed the same energetic lust for a bargain when securing favourable deals from The Man (also known as the UK government) to run the west coast mainline trains at an increased profit and to buy up the nationalised Northern Rock from him for half the price the taxpayer contributed. ...
Questor share tip: Energy Assets still a buy image
Source : Telegraph [Read Article] Tuesday 9th of June 2015 03:00:30 PM
.... . New contracts were signed during the year in the Data Services division, which analysis energy uses and offers advice to cut bills, and this increased profits by 47pc. ...
Former UBS investment bank co-chief 'present during Libor-rigging talks' image
....The SFO had initially rejected launching an investigation into the case in 2011. The prosecution alleges Hayes was motivated by greed and acted as the “ringmaster” in an enormous fraud to rig the benchmark Libor interest rate, allowing him to make increased profits from his trading. ...
Trader in Libor trial was allowed to keep £2.2m bonus after he was sacked image
....”. The prosecution alleges Hayes was motivated by greed and acted as the “ringmaster” in an enormous fraud to rig the benchmark Libor interest rate, allowing him to make increased profits from his trading. ...
Marks & Spencer reveals £150m buyback after first rise in profits for four years image
.... . The Dutch retail boss said that M&S could have increased profits three years ago but the company had decided to do some "heavy lifting" and pursue its investment programme to turnaround the business instead. ...
When brands get caught in world events image
Source : BBC [Read Article] Thursday 7th of May 2015 06:04:09 PM
.... To demonstrators, they represented his youth and innocence, with the "Taste the Rainbow" slogan taking on new significance given what they believe was a racially-aggravated murder. Some were uncomfortable with the commercial aspects to the protests, calling on Skittles to donate any increased profits. ...
Santander smashes target as it poaches customers from rivals image
Source : Telegraph [Read Article] Tuesday 28th of April 2015 04:25:23 PM
....” . Banco Santander, the Spanish parent, increased profits by 32pc in the first quarter, as it benefited from the modest recovery in its domestic market. ...
Questor share tip: Sell ABF after profit slump image
Source : Telegraph [Read Article] Tuesday 21st of April 2015 03:57:14 PM
.... The groceries and agriculture businesses are sound. ABF reported strong trading in its animal feed business with profits up 21pc to £23m, while the groceries arm, which sells Twinings tea and Ovaltine hot drinks, increased profits by 4pc to £128m. ...
Credit Suisse quarterly profit rises image
Source : BBC [Read Article] Tuesday 21st of April 2015 06:40:26 AM
....He will be stepping aside for current Prudential boss Tidjane Thiam at the end of June. "Wealth management clients generated a particularly strong result, with improved margins, increased profitability and good net asset inflows from key growth regions," Mr Dougan said. ...
Goldman Sachs sees profits jump image
Source : BBC [Read Article] Thursday 16th of April 2015 12:23:06 PM
.... A 10% fall in costs, largely legal and restructuring, amounting to almost $1. 3bn, helped explain the increased profitability. ...
John Lewis cuts bonus as supermarket wars hit profits image
Source : Telegraph [Read Article] Thursday 12th of March 2015 09:35:08 AM
.... Pre-tax profits at the Partnership, which owns John Lewis and Waitrose, fell by 10. 5pc in the year to £343m, with increased profits at John Lewis offset by a decline at Waitrose. ...
Energy company profits 'rise to £114 per household' image
Source : Telegraph [Read Article] Thursday 29th of January 2015 12:07:37 PM
. Energy companies stand to make increased profits of £114 per household over the next 12 months despite recent price cuts, regulator Ofgem has said. ...
Britain's recovery is proof David Cameron is 'doing something right', says Barack Obama  image
.... . Pressed on whether firms should share the increased profits being seen because of plunging oil prices with their workers, the Prime Minister said: "Falling oil prices is going to benefit a lot of businesses and a lot of countries and we want to see those benefits passed through in all the ways they can be. ...
Hold Mondi as defensive shares defy downturn image
Source : Telegraph [Read Article] Tuesday 13th of January 2015 06:00:50 AM
Royal Mail shares and profits fall sharply as it warns on threat from Amazon image
Source : Telegraph [Read Article] Tuesday 18th of November 2014 08:48:22 PM
.... . Gert Zonneveld, analyst from broker Panmure Gordon, called the results a “good performance” adding that the opportunity for Royal Mail to increase its revenue was now “limited” and that increased profits will rely on “cost control”. ...
IAG lays out plans to pay first ever dividened image
Source : Telegraph [Read Article] Friday 7th of November 2014 07:55:09 AM
.... IAG returned to profit in 2013 in a dramatic turnaround from a €774m (£605m) loss in 2012 . It further increased profitability this year and posted an expectation-smashing 30pc jump in profits over the key summer months. ...
The brothers who could save M&S image
Source : Independent [Read Article] Wednesday 5th of November 2014 11:42:26 PM
....Next turned into the envy of all of its rivals and has led to one of the biggest and smoothest growth stories on the high street. Marks and Spencer Chief Executive Marc Bolland Mr Bolland is now hoping some of the Lindseys’ magic will rub off on his company, and hopes the new sourcing strategy will account for about 75 per cent of the increased profit margins. ...
Former Swinton bosses fined and banned from senior roles image
Source : BBC [Read Article] Wednesday 5th of November 2014 02:51:24 PM
....It said the three former directors did not recognise the risk of this culture developing or take reasonable steps to prevent it. Tracey McDermott, director of enforcement and financial crime at the FCA, said: "A culture was allowed to develop within Swinton that pushed for high sales and increased profit without regard to the impact on the firm's customers. ...
BMW 3Q sales beat estimates image
Source : Telegraph [Read Article] Tuesday 4th of November 2014 10:25:16 AM
.... . Other measures of earnings rose and the company on Tuesday affirmed its forecast for increased profits this year. ...
BMW net profit down despite solid quarter image
Source : Independent [Read Article] Tuesday 4th of November 2014 09:15:55 AM
.... . Other measures of earnings rose and the company on Tuesday affirmed its forecast for increased profits this year. ...
Facebook warns spending to rise image
Source : BBC [Read Article] Tuesday 28th of October 2014 08:36:03 PM
....It made $806m profit, up 90% on 2013. The increased profits were driven by another formidable three months for Facebook's advertising business. ...
Credit Suisse swings back to profit after taking huge fines image
Source : Independent [Read Article] Thursday 23rd of October 2014 11:15:15 AM
....6 billion) of fines in the second quarter, largely due to settling a long-running US tax investigation. Dougan added: “Investment banking’s strategic results reflect substantially increased profitability, improved returns and robust client activity across many of our businesses. ...
Whitbread to expand into Germany image
Source : Daily Express [Read Article] Wednesday 22nd of October 2014 12:16:00 PM
.... . Costa coffee shops increased profits by 20. ...
JC Penney names Home Depot's Marvin Ellison as next CEO image
Source : Telegraph [Read Article] Monday 13th of October 2014 03:03:13 PM
.... . Investors may be looking to Mr Ellison to duplicate the success of Home Depot, which has increased profit for five straight years. ...
Financial firms see a boost in activity and profits image
Source : Telegraph [Read Article] Monday 6th of October 2014 04:00:13 AM
.... . This activity fed through into higher profits for many companies, with a net balance of 52pc reporting increased profitability, following a surprise drop in the quarterly poll result earlier this year. ...
Desigual profits up by 48% on same period in 2013 image
Source : Guardian [Read Article] Wednesday 27th of August 2014 03:50:40 PM
....Mango, whose operation is of a similar scale to that of Desigual, reported a 9% profit rise in 2013, compared to a 20% increase the preceding year. Both Desigual and Mango are seeing increased profits from their thriving online operations. ...
Germany's World Cup triumph fails to net economic rewards image
Source : Guardian [Read Article] Friday 15th of August 2014 09:14:27 AM
.... "In the end, even winning the World Cup couldn't fend off problems in other parts of the business," said Mangels. Other sectors that usually profit from national euphoria around sporting events too have been hesitant to put increased profits down to the "World Cup effect". ...
Hester outlines £180m in cost cuts as RSA turn-around continues image
Source : Telegraph [Read Article] Thursday 7th of August 2014 04:34:28 PM
.... . Meanwhile, at fellow FTSE 100 insurer Aviva, chief executive Mark Wilson pointed to the fact this own strategy also appears to be working, with reduced debt and reduced costs leading to increased profits in the six months to June. ...
Direct Line in talks to sell international operations image
Source : Independent [Read Article] Friday 1st of August 2014 11:56:43 AM
. Direct Line has announced it is in talks to sell its international operations as it increased profits during the first half of the year, despite bad winter weather. ...
Big energy firms' prices challenged by Ofgem image
Source : BBC [Read Article] Tuesday 10th of June 2014 05:52:40 PM
....British Gas, the UK's largest supplier, said this meant the wholesale price could fall, but this might not push down prices overall. "Our recent trading update demonstrated that these reductions in wholesale costs have most definitely not translated to increased profits for British Gas," a British Gas spokeswoman added. ...
Profits build at Bovis Homes as they meet Britain's demands image
Source : Daily Express [Read Article] Saturday 17th of May 2014 12:00:00 AM
....The FTSE 250 firm ramped up production by 80 per cent in the first four months of 2014 and is looking to build up to 3,850 this year, an increase of about 1,000 on 2013. Labour and material shortages mean build costs are expected to rise by 5 per cent but Bovis said this should be more than offset by increased profit margin and sales price increases which are about 3 per cent above target. ...
Why millions are now more exposed to interest rate rises image
Source : Telegraph [Read Article] Saturday 10th of May 2014 05:55:31 AM
.... Would lenders increase these rates yet further, when the bank of England lifts its lead rate? Yes, says economist James Carrick of insurer Legal & General. “Banks need margins and increased profitability. ...
RBS: No evidence of small firm fraud image
Source : BBC [Read Article] Thursday 17th of April 2014 01:10:23 PM
....The Tomlinson allegations centred on the bank's Global Restructuring Group (GRG) lending division, which specialises in handling loans seen as being more risky. The Tomlinson report said that putting a business into the GRG generated revenue for the bank through fees, increased profit margins and the purchase of devalued assets by their property division, West Register. ...

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