Topic filter : Operating Profit

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....SSE fell 1. 8% after the energy firm said operating profits for 2016-17 at its retail unit were expected to fall. ... [Read full article on BBC ]
Thursday 30th of March 2017 08:32:29 AM
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....In January almost £2bn was wiped from Pearson’s stock market value after it issued fifth profit warning in two years. The company said Fallon had received a cash bonus for hitting lower-end targets relating to operating profits. ... [Read full article on Guardian ]
Friday 24th of March 2017 03:30:57 PM
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....Other costs include the £20m annual cost of servicing the debt, and £10m extra for pensions. There was an operating profit of £42m, but the major revaluations took the pre-tax statutory loss to £300m. ... [Read full article on BBC ]
Thursday 30th of March 2017 07:28:23 AM
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....For Tesco, a £235m bill to settle investigations by the Serious Fraud Office and Financial Conduct Authority counts as a tidy piece of business. The sum will wipe out almost 20% of operating profits last year, but the company’s negotiating power was approximately zero after it had confessed to a £326m overstatement of profits in 2014. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 05:48:11 PM
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....5m in 2016, including a £343,000 bonus, as the company hit certain performance measures. Pearson met its operating profit target of £630m, but made a £2. ... [Read full article on BBC ]
Friday 24th of March 2017 04:28:38 PM
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Latest Finance News related to Operating Profit

FTSE 100 slides as sterling strengthens image
Source : BBC [Read Article] Thursday 30th of March 2017 08:32:29 AM
....SSE fell 1. 8% after the energy firm said operating profits for 2016-17 at its retail unit were expected to fall. ...
Johnston Press announces £300m pre-tax loss image
Source : BBC [Read Article] Thursday 30th of March 2017 07:28:23 AM
....Other costs include the £20m annual cost of servicing the debt, and £10m extra for pensions. There was an operating profit of £42m, but the major revaluations took the pre-tax statutory loss to £300m. ...
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
....For Tesco, a £235m bill to settle investigations by the Serious Fraud Office and Financial Conduct Authority counts as a tidy piece of business. The sum will wipe out almost 20% of operating profits last year, but the company’s negotiating power was approximately zero after it had confessed to a £326m overstatement of profits in 2014. ...
Pearson boss sees pay boost despite firm's struggles image
Source : BBC [Read Article] Friday 24th of March 2017 04:28:38 PM
....5m in 2016, including a £343,000 bonus, as the company hit certain performance measures. Pearson met its operating profit target of £630m, but made a £2. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....In January almost £2bn was wiped from Pearson’s stock market value after it issued fifth profit warning in two years. The company said Fallon had received a cash bonus for hitting lower-end targets relating to operating profits. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....Centrica said it recognised the sensitivity of executive pay and was very careful to be in line with its peers. A spokeswoman said that in terms of financial performance, 2016 had been a very good year for the company, which posted an operating profit of £1. ...
Thames Water fined £20m for sewage spill image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:40:05 PM
....However, the fine amounts to a tiny proportion of the company's annual income. Thames Water makes an operating profit of around £2m every day. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....Thames Water, which is the UK’s biggest water company and serves about a quarter of the population, was fined £1m in 2016 for repeated discharges of sewage into the Grand Union canal in Hertfordshire and £380,000 later the same year, after a sewage leak in an area of outstanding natural beauty in the Chilterns. Thames Water made an operating profit of £742m in 2015-16 and paid out £82m in dividends. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
....It would be exaggeration to say Leo Quinn, the outsider recruited to cure Balfour’s many ailments, has completed the task. Even in a low-margin business like construction, making an operating profit of £67m on revenues of £8. ...
FTSE 100 slips after Brexit jitters image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:57:01 AM
Morrisons leads FTSE 100 lower image
Source : BBC [Read Article] Thursday 9th of March 2017 09:21:19 AM
....". Shares in Aviva were having a better day, rising nearly 6% after the insurer reported a 12% rise in operating profits in 2016. ...
FTSE 100 ends lower after Budget speech image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:03:23 AM
....Shares in the insurer Legal & General dipped 2. 12% as the company reported an 11% increase in operating profits to £1. ...
FTSE 100 dragged lower as Paddy Power Betfair shares fall image
Source : BBC [Read Article] Tuesday 7th of March 2017 09:33:52 AM
....Revenues rose 18% to £1. 55bn last year, with underlying operating profit jumping 44% to £330m. ...
Standard Life  and Aberdeen Asset Management confirm merger talks image
Source : Guardian [Read Article] Sunday 5th of March 2017 05:57:06 PM
.... Aberdeen specialises in emerging markets and has struggled since investor interest cooled in recent years, prompting Gilbert to freeze salaries and cut other costs. Standard Life has fared better, and recently posted a 9% rise in operating profit before tax to £723m for 2016. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
....Merlin posted a 6. 2 per cent drop in annual operating profit at constant currency to £302million on 3. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... But the stack is far from ruinous. It should be a simple matter to flog the asset services division, which makes £60m of operating profit, for £650m-ish and thereby avoid a rights issue. ...
Cobham in cash call to tackle debt image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:26:13 AM
....Cobham unveiled the rights issue plan alongside a disastrous set of results. The firm is still trading profitably and made a £225m operating profit. ...
RBS leads FTSE 100 lower as losses mount image
Source : BBC [Read Article] Friday 24th of February 2017 09:10:51 AM
....In the FTSE 250, shares in property website Rightmove fell 5. 8%, despite it reporting an 18% rise in operating profit to £161. ...
Education publisher Pearson reports biggest loss in its history image
Source : Guardian [Read Article] Friday 24th of February 2017 08:17:21 AM
....”. On Friday, Pearson said that after stripping out the multibillion-dollar impairment charge adjusted operating profits were down by 21% to £635m. ...
BA owner IAG's profits hit by weak pound image
Source : BBC [Read Article] Friday 24th of February 2017 07:53:02 AM
....Pre-tax profits at the company rose by nearly a third last year to 2. 4bn euros (£2bn), with operating profits up 8. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... Since then, RSA’s recovery has run consistently ahead of schedule. The latest evidence is the 25% increase in operating profits to £665m, which included record underwriting profits. ...
John Lewis expects to cut nearly 800 jobs image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:45:38 PM
....5% rise in sales in the six months to the end of July as the company invested heavily in equipment to support its online business and increasing pay for staff. The John Lewis group – which includes Waitrose – said last month its annual bonus for staff, known as “partners” because they own the company collectively, would fall significantly this year and that staff numbers would drop after operating profits dived 58. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
....British Gas has frozen its standard variable tariff, which costs an average of £1,044 per year, until August despite three of the other big six energy suppliers hiking prices. Conn’s comments come as Centrica posted an operating profit for 2016 of £1. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
....8% after its full-year results beat forecasts. The insurer reported operating profits of £655m, 25% higher than the previous year. ...
British Gas says competition has hit profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:02:22 AM
.... . The owner of British Gas, Centrica, reported a 4% rise in operating profit for 2016 to £1. ...
Heineken may not refresh the pubs other beers could reach, landlords fear image
Source : Guardian [Read Article] Thursday 16th of February 2017 09:23:59 AM
....Heineken’s UK managing director has described the deal as a “huge vote of confidence in the ‘Great British pub’”. The brewer’s chief executive, Jean-François van Boxmeer, reiterated those comments on Wednesday when he announced a near-10% rise in operating profits to €3. ...
L'Oréal confirms it is considering selling   The Body Shop as profits fall image
Source : Guardian [Read Article] Thursday 9th of February 2017 06:12:47 PM
....But the group now faces more competition than when it started out, from more upmarket ethical brands such as Dr Hauschka and Chantecaille, as well as the British rivals Lush and Neal’s Yard. L’Oréal, which owns a plethora of international brands including Garnier and Maybelline, reported on Thursday that The Body Shop’s operating profit had dived 38% to €33. ...
Five reasons why Waitrose is closing stores image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:57:04 PM
....3% in the past year, as an average 250,000 more shoppers a week walked through its doors. But the upmarket grocer is closing stores and reining in expansion after operating profits fell by 10. ...
Hundreds of Waitrose jobs may go as retailer plans six store closures image
Source : Guardian [Read Article] Wednesday 8th of February 2017 08:17:54 PM
....20 an hour minimum wage for over-25s, the supermarket also stopped paying Sunday and overtime rates for new shop workers. Waitrose’s parent group has warned that its annual bonus for staff, who own the company collectively, would fall significantly this year and staff numbers would drop after operating profits dived 58. ...
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... It seems reasonable to balance those risks with annuity-like toothpastes and hard-to-manufacture vaccines. No corporate structure has to be permanent, but Witty leaves a business showing core operating profits up 36% to £7. ...
Samsung factory fire caused by faulty batteries image
Source : Guardian [Read Article] Wednesday 8th of February 2017 04:31:21 PM
TalkTalk hoping for rapid results as Dunstone gets his hands dirty image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:29:32 PM
....An optimist would make two points. First, TalkTalk seems more stable after last October’s “simpler” tariffs and rejig of contracts: the third quarter update said full-year operating profits will be as previously advertised, meaning around the £320m mark. ...
Why is Tesco buying Budgens' owner – and will it affect shoppers? image
Source : Guardian [Read Article] Friday 27th of January 2017 02:12:27 PM
....Booker is a grocery wholesaler supplying 125,000 independent convenience stores as well as 468,000 restaurants, pubs and leisure facilities such as cinemas. The group employs 13,000 people, had sales of £5bn and made £155m in operating profit in the year to March 2016. ...
Does the Imperial revolt herald a new health warning for executive greed? image
Source : Guardian [Read Article] Thursday 26th of January 2017 01:29:10 PM
.... It could be wrong and active negotiations haven’t even started. To be fair to chief executive Ross McEwan, beneath the surface at RBS there is a “core” bank that made operating profits of £1bn a quarter in first nine months of last year. ...
Pearson profit warnings wipe almost £2bn off its value image
Source : Guardian [Read Article] Wednesday 18th of January 2017 09:30:18 AM
....”. Pearson said it had been able to maintain operating profits of about £630m in line with City expectations for 2016 – but only because the company was paying £55m less than expected in management bonus payments. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
....He said it was on track to meet its promised target of £1. 2bn of operating profit this year “and maybe slightly more”, as the sales rise had been achieved alongside improvements in efficiency. ...
Tesco set to cut 1,000 jobs in restructuring plans image
Source : Guardian [Read Article] Monday 9th of January 2017 06:38:03 PM
.... Tesco recorded a 28% fall in pre-tax profits to £71m in its most recent half-year results. In response, Lewis told investors that he had an ambition to improve Tesco’s operating profit margin to between 3. ...
FTSE 100 index closes at another record high image
Source : BBC [Read Article] Monday 9th of January 2017 09:35:43 AM
.... . As a result, operating profits for 2016 were about £260m, compared with previous guidance of £260m-£280m. ...
William Hill profits hit by 'customer friendly' results image
Source : BBC [Read Article] Monday 9th of January 2017 08:20:03 AM
....William Hill said it had been hit by "customer friendly" results at the back end of last year, cutting profits by about £20m. As a result, its operating profit for 2016 was about £260m, at the bottom end of its predicted range of £260m-£280m. ...
We contribute billions to US economy, Toyota politely tells Trump image
Source : Guardian [Read Article] Friday 6th of January 2017 06:54:40 AM
....”. Kishimoto noted that Toyota’s exposure to Mexico was limited, adding that even an “extreme case” tariff of 20% would hit the carmaker’s operating profit by about 6%. ...
Samsung profit estimate surges despite Note 7 battery fiasco image
Source : BBC [Read Article] Friday 6th of January 2017 01:20:49 AM
....8bn, £6. 2bn) in operating profit for the months from September to December. ...
The Sun losses exceed £60m as ad slump and hacking charges take toll image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:30 PM
....The Times spent almost £33m on sales and marketing last year. The parent company said that, stripping out the exceptional costs, the Times had made an adjusted operating profit of £11. ...
Ascential to sell Drapers and Nursing Times as it ditches 'heritage' brands image
....”. The 13 titles made revenue of £63m last year, and about £10m in operating profits, with just under £9m in revenue coming from print advertising. ...
FTSE 100 edges higher but Capita leads the fallers image
Source : Guardian [Read Article] Wednesday 21st of December 2016 09:37:58 AM
....The deal enhances QinetiQ’s ability to deliver world-class test and evaluation services and will drive growth in the group’s core capabilities in international markets, Meggitt is a leading international provider of unmanned aerial, naval and land-based target systems and services for test and evaluation and operational training and rehearsal. Aim-listed medical devices group Aortech has slumped after it unveiled a fall in half year operating profits from $193,000 to $310,000 and said it was spending “considerable time and effort” on litigation against a former chief executive, and last week attempts to reach a settlement after more than two and a half years were unsuccessful, leading to the prospect of going to trial. ...
Just Eat online takeaway service pays £200m for UK rival Hungry House image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:52:06 PM
.... Hungry House, which is the second-biggest player in the UK market after Just Eat, operates a similar model. Just Eat said Hungry House would generate topline operating profits of £12m to £15m in 2017 excluding exceptional integration costs of about £1m. ...
McDonald's to scrap Luxembourg tax structure image
Source : Guardian [Read Article] Thursday 8th of December 2016 05:11:31 PM
.... Last year, McDonald’s main UK business earned revenues of £1. 53bn from its restaurants, but was also charged royalties of £123m – equivalent to a third of its operating profit. ...
Capita shares dive to 10-year low after profit warning image
Source : Guardian [Read Article] Thursday 8th of December 2016 11:20:33 AM
....Outsourcers have struggled since Britain’s vote in June to leave the European Union as clients have delayed making decisions due to uncertainty and budgets remain constrained. Capita said it would now sell the majority of its Capita Asset Services division, which expects operating profit of £60m in 2016. ...
Daily Mail group refuses to rule out sale of newspaper titles image
Source : Guardian [Read Article] Thursday 1st of December 2016 10:05:25 AM
....DMGT profits fell by a quarter at its newspaper operation following a double-digit fall in print advertising revenues and investment in Mail Online in the year to the end of September. The company reported a 23% fall in operating profits, to £77m, at its consumer division, DMG Media, which takes in the Daily Mail, Mail on Sunday, Mail Online and freesheet Metro. ...
Selfridges goes bigger on bags as £300m London revamp begins image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 03:11:02 PM
....Selfridges reported a drop in full-year profits last month following the company-wide investment programme. The retailer said operating profit fell by 1. ...
Royal Mail shareholders unhappy as shares fall seven per cent in first-half results image
. Shares fell 7 per cent after it revealed a 6 per cent fall in underlying operating profits. ...
Smoking crackdown in China burns hole in Essentra profits image
Source : Guardian [Read Article] Monday 21st of November 2016 01:13:22 PM
.... The $455m (£367m) deal, completed in January 2015, was the biggest in a string of acquisitions since Day became chief executive. Essentra expects adjusted operating profit for the year to the end of December to fall to £137m-£142m from £172m last year. ...
FTSE 100 ends flat despite good gains for miners image
Source : BBC [Read Article] Monday 21st of November 2016 09:38:31 AM
.... Shares in Essentra, which supplies speciality plastic and packaging components, plunged nearly 20% after it issued a profit warning. The firm now expects operating profits of between £137m and £142m for this year, down from a previous estimate of £155m and £165m. ...
Rolls-Royce says cost cuts will be at top of target range image
Source : Guardian [Read Article] Wednesday 16th of November 2016 12:10:37 PM
....East has promised to rid Rolls-Royce of the “accounting fog” that made the company impenetrable to analysts and investors by making recording of TotalCare servicing contracts and research and development costs clearer. Rolls-Royce said applying a new accounting standard to its 2015 results would have knocked £700m off operating profit and revenue at its civil aerospace division. ...
Bond bubble could burst with explosive impact image
Source : Guardian [Read Article] Monday 14th of November 2016 08:06:30 PM
.... First, the company needs to avoid further trading upsets while Davis completes his search for a chief executive to relieve Philip Bowman, whose own lack of a gambling background makes him an imperfect candidate. On that front, news that full-year operating profits are still expected to arrive towards the top of a £260m to £280m range gets a tick. ...
FTSE 100 bolstered by housebuilder Taylor Wimpey image
Source : BBC [Read Article] Monday 14th of November 2016 09:30:51 AM
Wind turbines 'could supply most of UK's electricity' image
Source : Guardian [Read Article] Tuesday 8th of November 2016 03:49:12 PM
.... Much of the improvement came from proceeds of the sale of Dong’s gas distribution grid in Denmark. During the quarter renewables overtook oil and gas as the company’s biggest source of earnings, accounting for 42% of operating profit. ...
Cost of British grocery brands to rise due to fall in value of sterling image
Source : Guardian [Read Article] Tuesday 8th of November 2016 03:16:13 PM
....6% in the year to 17 September, in the face of the devaluation of the euro against the dollar since early 2015. Overall operating profit rose 2% to £689m as sales rose 11% to £5. ...
London share prices register small rise in morning trading image
Source : BBC [Read Article] Tuesday 8th of November 2016 09:37:47 AM
...." . Shares in Imperial Brands fell 3% despite the cigarette maker reporting a near 10% rise in full-year revenues and a 10% increase in adjusted operating profit. ...
I’ve tried everything to get a BT line at my new-build, but to no avail image
Source : Guardian [Read Article] Tuesday 8th of November 2016 07:01:08 AM
....While it’s great that it has been held to account, some will wonder if the fine is big enough. Last year, the firm reported sales of more than £40bn and adjusted operating profits of more than £3. ...
BA will add extra seats in economy cabins image
Source : BBC [Read Article] Monday 7th of November 2016 06:15:54 PM
....There are also reports that BA intends to add a dozen extra seats on its short-haul Airbus A320 aircraft, based at Heathrow. The latest figures from BA's parent, IAG, showed operating profits in the July to September quarter fell 4% to €1. ...
Samsung recalls 2.8m washing machines in the US image
Source : BBC [Read Article] Friday 4th of November 2016 03:57:53 PM
....5 million smartphones after customers complained the Note 7 model caught fire. In September, it reported a sharp fall in operating profit following the fiasco. ...
Paddy Power Betfair raises profit forecast image
Source : BBC [Read Article] Friday 4th of November 2016 08:34:50 AM
...."Work is underway to combine the best of Betfair and Paddy Power's technology into a multi-brand, multi- channel, multi-jurisdictional platform that will start to unlock the full potential of the group's scale and will lead to increased pace of development and faster roll out of new products," he said. Sales in the third quarter rose 25% to £404m and underlying operating profit rose by two thirds to £95m. ...
Kellogg's cereal sales continue to slump image
Source : BBC [Read Article] Tuesday 1st of November 2016 01:14:11 PM
....The company also cited "portfolio transformations that have taken longer than anticipated to execute". 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. ...
Sony cuts annual profit outlook by 10% image
Source : BBC [Read Article] Monday 31st of October 2016 09:05:22 AM
.... . The firm now expects operating profits of 270bn yen ($2. ...
BA owner IAG's profits dented by weak pound image
Source : BBC [Read Article] Friday 28th of October 2016 07:17:30 AM
....2bn. The airline said it expects operating profits for the full year to be up by about 7%, a lower rate than the one it forecast in July. ...
Royal Bank of Scotland sees more losses in third quarter image
Source : BBC [Read Article] Friday 28th of October 2016 06:38:50 AM
....5bn bailout during the financial crisis and has been tackling a range of problems. But once restructuring costs and provision for litigation were excluded, the bank made an adjusted quarterly operating profit of £1. ...
GlaxoSmithKline sees profit surge on weak pound image
Source : BBC [Read Article] Wednesday 26th of October 2016 01:54:49 PM
....In the three months to 30 September, sales jumped 23% to £7. 5bn while core operating profit rose 35% to £2. ...
Nintendo profits hit despite Pokemon Go popularity image
Source : BBC [Read Article] Wednesday 26th of October 2016 10:46:01 AM
....The popularity of Pokemon Go has failed to stop Nintendo from issuing a profit warning, which it blamed on poor Wii U sales and a strong yen. The Japanese video game maker said full-year operating profit would be about a third lower than expected at 30bn yen ($288m; £236m). ...
Whitbread lifted by Costa and Premier image
Source : BBC [Read Article] Tuesday 25th of October 2016 08:40:58 AM
....However, both Costa and Premier Inn have been affected by the the National Living Wage, which it introduced in October 2015, ahead of the official launch date. Costa's underlying operating profit fell 4% to £64. ...

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