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....”. Rabin says the average Chip user is around 29, with £2,000 a month net income – well above the median, particularly if they’re graduates with student loans, and so the sort of people for whom financial security is tantalisingly within reach. ... [Read full article on Guardian ]
Thursday 6th of July 2017 10:33:47 AM
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Latest Finance News related to Net Income

Chip: the robot banker trying to pull millennials out of their overdrafts image
....”. Rabin says the average Chip user is around 29, with £2,000 a month net income – well above the median, particularly if they’re graduates with student loans, and so the sort of people for whom financial security is tantalisingly within reach. ...
Tiffany fails to sparkle as sales keep sliding image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:53:20 PM
E.On profits hit by UK customer woes image
Source : BBC [Read Article] Tuesday 9th of May 2017 10:10:26 AM
....Adjusted profit for the first three months of the year - before interest and tax - was just over 1bn euros (£843m), down 34% on the same period a year earlier. After interest and taxes, its adjusted net income was about 525m euros, a fall of 20%. ...
Nasdaq surge expected to continue after strong Alphabet and Amazon results image
.... The two companies accounted for 99% of the industry growth in digital advertising in 2016, Pivotal Research said in a report this week, demonstrating market power that some advertisers complain amounts to a duopoly. Amazon, the world’s largest online retailer, saw its shares rise to their highest ever level after it said net income rose 41% in the first quarter of the year. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
....At Bank of America, gains in the global banking unit helped to boost profits in the January-to-March period. The division's net income was $1. ...
Netflix says opportunity 'gigantic' despite slowing growth image
Source : BBC [Read Article] Monday 17th of April 2017 09:40:50 PM
....The firm increased revenues by over a third to $2. 64bn for the quarter compared to the first three months of last year, while net income rose to $178m from $28m. ...
Payday loan industry using former Labor shadow minister as lobbyist image
Source : Guardian [Read Article] Monday 27th of March 2017 03:41:46 AM
....An email from the association, obtained by Guardian Australia, tells federal politicians that it holds “serious concern” about one particular measure under consideration, which would reduce the amount payday lenders can claw back in repayments. A cap currently limits repayments from 20% of gross income but an independent review last year recommended that be tightened to 10% of net income. ...
Consumer advocates call for crackdown on irresponsible payday lending image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:35:58 PM
....The review’s recommendations included requiring equal repayments over the life of a short-term loan and preventing lenders from charging monthly fees if a loan is repaid early. The key recommendation was to tighten the cap on repayments from 20% of a consumer’s gross income to 10% of their net income, a measure that ensures loans are affordable to low-income borrowers. ...
A helping hand with childcare: options to make your child and wallet happy image
....In London the situation is even more bleak, with the Family and Childcare Trust putting the cost of a part-time nursery place at more than £7,500. The Institute of Economic Affairs, meanwhile, says many families spend a third of their net income on childcare. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
....2016-17 The tax-free threshold was £11,000, meaning he paid no income tax as his earnings were within the current personal tax allowance. However, he does have to pay £353 national insurance a year, leaving a net income of £10,647. ...
Business rates: this toxic row will return unless we find a fairer alternative | Nils Pratley image
.... A bigger factor is the expectation that interest rates will rise in the US. For well-capitalised HSBC, each quarter-point increase is worth $250m to $300m in net income. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
.... Yet a large proportion of saving is only in the pension ledger after avoiding a 20% – or more likely 40% – tax rate. If these savers had paid tax first and then saved from their net income, governments would have enough money to provide services without the need for extra borrowing. ...
Uber is treating its drivers as sweated labour, says report image
Source : Guardian [Read Article] Friday 9th of December 2016 01:51:59 PM
.... Uber says around 40,000 drivers work for its platform in the UK, with about 30,000 of those in the capital. One driver told Field: “Yesterday my hourly net income fell to £2 an hour. ...
Amazon Go store lets shoppers pick up goods and walk out image
Source : Guardian [Read Article] Monday 5th of December 2016 06:49:26 PM
....Amazon posted annual sales of $107bn last year, more than double the amount it generated just four years earlier. Its net income totalled $596m. ...
'Just about managing' families to be £2,500 a year worse off by 2020 – study image
....”. The term “Jams” is used to refer to a loose group of about 6 million low-income working families, defined by the Resolution Foundation thinktank as having a net income of between £12,000 and £34,000 a year, although in practice many in this group switch regularly between employment and unemployment in an insecure job market. ...
The Observer view on the autumn statement | Observer editorial image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:05:22 AM
....“Just managing” families have struggled over the past decade. The Resolution Foundation estimates there are almost six million working families with net incomes of between £12,000 and £34,000. ...
Suicide Squad helps drive strong sales at Time Warner image
Source : BBC [Read Article] Wednesday 2nd of November 2016 12:52:41 PM
....2bn (£5. 8bn) in the three months to the end of September, with net income of $1. ...
Kellogg's cereal sales continue to slump image
Source : BBC [Read Article] Tuesday 1st of November 2016 01:14:11 PM
....However, Kellogg's operating profits were up thanks mainly to lower one-off costs and its earnings per share were up 41% from the same period in 2015. The company's net income rose to $292m (£239m) in the third quarter, from $205m a year earlier, while net sales fell 2. ...
Tesla reports first quarterly profit for three years image
Source : BBC [Read Article] Wednesday 26th of October 2016 10:27:57 PM
Apple iPhone sales fall, but beat estimates image
Source : BBC [Read Article] Tuesday 25th of October 2016 09:35:31 PM
....01bn in the fourth quarter, down from $11bn in the same quarter last year. For the year, net income fell to $45. ...
Wells Fargo profits hit by legal costs image
Source : BBC [Read Article] Friday 14th of October 2016 01:27:33 PM
...."We delivered strong results this quarter with each of our businesses performing well," said chief executive Jamie Dimon. Citigroup also reported third-quarter results on Friday, with net income falling 10. ...
Chinese beer giant Tsingtao hit by slowing economy image
Source : BBC [Read Article] Wednesday 31st of August 2016 01:40:59 AM
....Tsingtao Brewery, China's second-biggest beer maker, has reported a sharp fall in profits. In the six months to June, net income fell by 11% from a year earlier to 1. ...
21st Century Fox reports strong quarterly profits image
Source : BBC [Read Article] Wednesday 3rd of August 2016 09:59:37 PM
....Strong advertising sales at its cable TV division helped 21st Century Fox deliver stronger than expected quarterly profits. For the three months to the end of June, Fox reported a net income of $567m (£426m), up from $87m in the same quarter of 2015. ...
AIG to buy back $3bn in shares as pressure mounts for break-up image
Source : BBC [Read Article] Tuesday 2nd of August 2016 10:13:07 PM
....The insurance firm reported a better-than-expected $1. 9bn net income for the second quarter, up from $1. ...
Ford profits fall as it warns on US economic risks image
Source : BBC [Read Article] Thursday 28th of July 2016 03:35:56 PM
....It also said that while it expects strong results for 2016, there are "risks" to reaching its targets due to US economic uncertainty. Quarterly net income fell 9% to $1. ...

'Staycation' boost to UK economy as millions of families shun foreign holidays 
 image
....Justin Urquart Stewart, economist and director at Seven Investment Management, said: "More people holidaying in the UK will hugely boost our economy at a time when we greatly need it. "Families spend around 20pc of their net incomes on holidays so the impact will be disproportionately large. ...
Citigroup quarterly profits slide image
Source : BBC [Read Article] Friday 15th of July 2016 12:49:32 PM
....Citigroup's profits fell in the second quarter because of weakness at its consumer banking business. The 14% fall in net income to $4bn (£3bn) was not as bad as feared. ...
It looks like we’ve reached peak pensioner image
Source : Guardian [Read Article] Saturday 2nd of July 2016 05:59:01 AM
.... But it’s not the future, it’s now – figures this week reveal just how much of the national pie is being taken by today’s retired people. In 1994-95 the median net income of the average pensioner was 38% lower than those who were working for a living. ...
Average income 'hits new peak' image
Source : BBC [Read Article] Tuesday 28th of June 2016 11:38:20 AM
....The average income in the UK moved above its 2009-10 peak in 2014-15, official figures show, owing to a rise in the number of people in work. The mid-point net income of all households in the UK was up 3% after inflation. ...
Number of UK landlords rises to 1.75 million image
Source : Guardian [Read Article] Sunday 29th of May 2016 11:01:17 PM
....Landlords banked a combined £14. 2bn in net income from their rental properties during the year, up from £13. ...
REVEALED: Typical pensioners need THIS amount a year to pay their bills image
Source : Daily Express [Read Article] Thursday 26th of May 2016 04:59:00 PM
....He said: “While pensioners might be able to live on that provided they have repaid their mortgage and other debts off, £11,620 is not a figure to aspire to given that the average earnings in the UK are £26,500 a year. “It’s also very concerning that the new flat rate state pension is just £8,093 a year; consequently people will need an additional £3,527 a year of net income from other sources such as pensions. ...
Financial strain on young people is easing, official figures show image
Source : Guardian [Read Article] Wednesday 11th of May 2016 10:55:29 AM
....At the same time, the average income for young people increased, while the average debt decreased. Average net incomes for people aged 16-24 rose from about £13,500 in 2009 to £15,500 in 2015, according to EU statistics. ...
Samsung profits jump 14% on success of Galaxy S7 smartphone image
Source : Guardian [Read Article] Thursday 28th of April 2016 12:38:55 AM
....The strong Galaxy S7 performance came in the face of a flattening global smartphone market that saw arch-rival Apple on Tuesday report its first-ever drop in iPhone sales since launching the iconic handset. Apple reported net income of $10. ...
Facebook's net income triples in first quarter of 2016 image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:33:04 PM
....Facebook took the occasion of positive first quarter results to announce a plan to consolidate power within the company with CEO and founder Mark Zuckerberg. Facebook’s net income nearly tripled year-over-year, according to first-quarter results filed on Wednesday, sending the company’s stock soaring more than 8% in after-hours trading, and bucking the trend of disappointing results in the tech sector. ...
Goldman Sachs' slump extends to four quarters as net revenue plummets image
Source : Guardian [Read Article] Tuesday 19th of April 2016 01:14:41 PM
....Goldman – the last of the big US banks to release first-quarter results – reported a 56. 3% fall in net income applicable to common shareholders to $1. ...
Citigroup quarterly profits plunge 27% image
Source : BBC [Read Article] Friday 15th of April 2016 12:35:40 PM
....It came as Citi said it had set aside more cash to cover losses on energy loans, and as the cost of shrinking some of its businesses increased. Citi, which is restructuring to focus on more profitable businesses, saw net income fall to $3. ...
Nomura to downsize Europe equity unit image
Source : BBC [Read Article] Tuesday 12th of April 2016 06:54:02 AM
....However, the integration proved to be costly and Nomura undertook a major cost-cutting plan in 2011 to stem further losses. Nomura's third quarter net income fell by 49% from a year earlier to 35. ...
Japanese markets rebound as yen weakens image
Source : BBC [Read Article] Tuesday 12th of April 2016 01:39:42 AM
.... . Metals company Alcoa was the first to report, and it declared a 92% drop in net income for the first quarter to $16m. ...
Business News: Bonmarché, Hornby, Carnival, Vodafone image
Source : Daily Express [Read Article] Thursday 31st of March 2016 12:01:00 AM
.... . Shares in the Princess and P&O group jumped 142p to 3692p as its adjusted net income nearly doubled from $159million (£100million) to $301million over the first quarter. ...
As the tax year ends, four things you must do in the next 10 days image
Source : Guardian [Read Article] Saturday 26th of March 2016 06:59:21 AM
....• Keep your child benefit If you are a parent who earns a little over £50,000 a year, then now is the time to act if you haven’t already. Lots of families have already been hit by the government’s “high income child benefit charge” – child benefit is clawed back via the tax system if either you or your partner have an “adjusted net income” of more than £50,000. ...
'Fairness' of 2016 budget under scrutiny image
Source : BBC [Read Article] Monday 21st of March 2016 01:04:48 PM
....By way of such an analysis, the Institute for Fiscal Studies (IFS) says that last week's Budget left the richest 10% of households about £260 a year better off. The poorest 10%, the IFS says, were no better off and could actually see their net income fall slightly as benefits are reduced. ...
What the 2016 budget means for you image
Source : Guardian [Read Article] Wednesday 16th of March 2016 06:42:36 PM
....2016­-17 The raised tax-free threshold means her income tax liability falls to £11,200, but NI increases to £4,433. Annually, her net income is now £39,367, meaning she is £141 better off. ...
Questor share tip: Sell Indivior after a wild first year on the stock market image
Source : Telegraph [Read Article] Thursday 18th of February 2016 06:39:07 PM
.... . The company expects profits to fall again in the year ahead, with net income targets of between $155m and $180m. ...
Australia's Woodside profit tumbles 99% image
Source : BBC [Read Article] Wednesday 17th of February 2016 06:22:08 AM
.... In 2015, Brent crude prices fell more than 45%. Woodside's net income came to $26m (£18. ...
Share Hunter: Rio Tinto no longer promises to raise its dividend image
Source : Daily Express [Read Article] Monday 15th of February 2016 12:01:00 AM
.... Rio is likely to make less in 2016 than it did in 2015. Consensus suggests profits will fall by more than 40 per cent, leaving net income after tax at just $2. ...
£80bn wiped off FTSE 100 this week as world markets gripped by panic - live image
Source : Telegraph [Read Article] Thursday 11th of February 2016 02:17:44 AM
.... . This morning Societe Generale's fourth quarter net income fell short of market expectations. ...
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Star Wars toys fuel Hasbro revenue surge image
Source : Guardian [Read Article] Monday 8th of February 2016 02:00:55 PM
.... Both companies declined to comment. The net income attributable to Hasbro rose 3. ...
Japan up in lone New Year trading image
Source : BBC [Read Article] Monday 8th of February 2016 01:09:59 AM
....On Friday, Toyota reported a 4. 7% rise in net income for the three months to December. ...
Takeover sows the seeds for anxieties about food security image
Source : Telegraph [Read Article] Sunday 7th of February 2016 09:28:54 PM
.... . Syngenta’s chief executive, Mike Mack, stepped down in October following the collapse of that bid and the company, which saw its net income fall by 17pc to $1. ...
Toyota profit up 5% on US demand image
Source : BBC [Read Article] Friday 5th of February 2016 07:21:17 AM
....Japan's Toyota has reported a 4. 7% year-on-year rise in net income for the three months to December, to 627. ...
Asian shares mixed ahead of jobs report image
Source : BBC [Read Article] Friday 5th of February 2016 02:51:08 AM
....At the close of trade, Toyota reported a 4. 7% rise in net income for the three months to December. ...
GoPro shares fall 19% on quarterly loss image
Source : BBC [Read Article] Thursday 4th of February 2016 06:23:42 AM
.... . The firm said net income losses came to $34. ...
 A flat rate of pension tax relief will be 'economically incoherent' image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 05:15:56 PM
.... Current pensions tax relief . In other words, if somebody puts £100 into a pension fund from their net income, they would have between £30 and £43 added by the Treasury depending on exactly how the system worked. ...
Pick-up trucks and SUVs lift GM profits image
Source : BBC [Read Article] Wednesday 3rd of February 2016 03:35:13 PM
....Sales of SUVs and pick-up trucks in North America helped General Motors to achieve improved profits last year. It reported net income of $9. ...
Chipotle's profit hit by food scare image
Source : BBC [Read Article] Wednesday 3rd of February 2016 02:53:24 AM
....coli outbreak last year. The company saw net income for the three months to December drop to $67. ...
Questor share tip: Sell BP shares as oil price heads lower image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 06:14:30 PM
.... Broker Liberum has brought down its estimates for oil prices to $38 in the year ahead, and on that basis thinks BP will generate $1. 6bn of net income, giving earnings per share of 9c, nowhere near enough to cover the 40c annual dividend payments. ...
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. The Japanese company's net income for the September-to-December quarter was 29. ...
BP looks ahead to $60 oil after $5.2bn annual loss image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:23:10 AM
.... . In the fourth quarter, underlying replacement cost profit - BP’s definition of net income, which strips out one-off charges - slumped to $196m from $2. ...
Ford reports record annual profit image
Source : BBC [Read Article] Thursday 28th of January 2016 04:26:32 PM
Facebook's quarterly earnings surpass $5bn for first time thanks to ad sales image
Source : Guardian [Read Article] Wednesday 27th of January 2016 10:22:26 PM
....7% jump in revenues as new advertising formats and an improved mobile app drove a sharp rise in ad sales. Facebook’s net income also more than doubled to $1. ...
Apple in CRISIS? Sales of iPhones to FALL for first time since 2007 launch, bosses admit image
....3 million Mac computers. Luca Maestri, Apple's finance officer added: "Our record sales and strong margins drove all-time records for net income and EPS [earnings per share] in spite of a very difficult macro-economic environment. ...
Goldman Sachs CEO Lloyd Blankfein takes 4% cut in compensation for 2015 image
Source : Guardian [Read Article] Friday 22nd of January 2016 10:07:37 PM
. With his bank’s net income down 31% year-over-year, Goldman Sachs CEO Lloyd Blankfein saw a 4% reduction in compensation in 2015, down $1m to $23m. ...
Low oil price lifts United profits image
Source : BBC [Read Article] Thursday 21st of January 2016 05:02:35 PM
....United Airlines saw its fourth-quarter income boosted by low oil prices, the company has reported. The company's net income rose to $823m (£580m) in the fourth quarter of 2015, up from $28m during the same period a year earlier. ...
Goldman Sachs profit drops after $5bn mortgage-backed bond settlement image
Source : Guardian [Read Article] Wednesday 20th of January 2016 02:12:00 PM
....Goldman, the last of the big US banks to release fourth quarter earnings, reported a 71. 8% fall in net income applicable to common shareholders to $574m, or $1. ...
Netflix shares up on customer numbers image
Source : BBC [Read Article] Wednesday 20th of January 2016 01:11:08 AM
...."On earnings, we stayed profitable in Q4 despite, foreign exchange headwinds, and delivered operating income of $60m ($42. 34m) and net income of $43m," the company said in a statement. ...
US banks beat forecasts image
Source : BBC [Read Article] Tuesday 19th of January 2016 02:01:08 PM
....Bank of America said profits rose 10% compared with 2014, helped by a fall in expenses, including legal costs. The bank, the second-biggest in the US by assets, said net income jumped to $3. ...
Fears for family budgets as debts jump and savings fall  image
Source : Daily Express [Read Article] Wednesday 13th of January 2016 03:43:00 PM
....The report also found that families are saving less than six months ago, putting away £105 per month on average falling from £113. At the same time, the typical family's monthly net income has fallen for the first time since July 2012, now standing at £2,024. ...
Debt-free dividend shares – and those under threat  image
Source : Telegraph [Read Article] Friday 18th of December 2015 04:31:49 PM
.... ShareScope found 19 shares in the FTSE All Share that have zero total borrowing. It then looked at the forecast "dividend cover" of each share - the ratio of company's net income over the dividend paid to shareholders. ...
Domino's buys biggest German pizza chain image
Source : BBC [Read Article] Wednesday 16th of December 2015 01:56:42 AM
....The Australian company also raised its profit outlook for the year to June by 30% - to A$166. 1m net income before tax and other items. ...
Smith & Wesson gunmaker triples profits image
Source : BBC [Read Article] Wednesday 9th of December 2015 02:27:04 AM
....One of the world's most famous gun-makers, Smith & Wesson, has nearly tripled its profits in three months to October compared to a year earlier. The firm said its net income was $14. ...
Smith & Wesson gun sales soar after spate of mass shootings in US image
Source : Guardian [Read Article] Tuesday 8th of December 2015 10:16:53 PM
....The company’s revenue growth was robust: sales for the quarter brought in $143m, up from $108m in 2014, and for the company’s fiscal year (scheduled to end in April), the low end of its predicted range in net sales alone is fully $625m. “The combined strength of our firearms and accessories divisions delivered results that exceeded our financial guidance for sales and net income, reflecting the successful implementation of our growth strategy,” said Debney in a statement. ...

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