Topic filter : Pre-tax Profit

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....The recent improvement in trading comes after Asda posted its worst annual figures since being taken over by Walmart in 1999, as fierce competition in the UK supermarket sector took its toll. The supermarket chain admitted its performance was “behind expectations” after pre-tax profit for 2016 fell 19% to £791. ... [Read full article on Guardian ]
Thursday 17th of August 2017 12:17:23 PM
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.... It said that would result in a lower than previously expected annual profit, although it has not disclosed its profit forecast. The group posted revenues of £471m and pre-tax profit of £13m for the six months to June. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 01:00:41 PM
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Latest Finance News related to Pre-tax Profit

Asda returns to sales growth thanks to price cuts and inflation image
Source : Guardian [Read Article] Thursday 17th of August 2017 12:17:23 PM
....The recent improvement in trading comes after Asda posted its worst annual figures since being taken over by Walmart in 1999, as fierce competition in the UK supermarket sector took its toll. The supermarket chain admitted its performance was “behind expectations” after pre-tax profit for 2016 fell 19% to £791. ...
Mears Group cuts profits forecast in wake of Grenfell Tower fire image
Source : Guardian [Read Article] Tuesday 15th of August 2017 01:00:41 PM
.... It said that would result in a lower than previously expected annual profit, although it has not disclosed its profit forecast. The group posted revenues of £471m and pre-tax profit of £13m for the six months to June. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
....The job cuts come soon after the company announced that the government’s “imposition” of a minimum living wage had hit profits. Despite the 80% decline in its pre-tax profits to £5. ...
Thousands of Asda workers face redundancy or reduced hours image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:08:18 PM
....Last week Asda posted its worst annual figures since being taken over by Walmart in 1999, as fierce competition in the UK supermarket sector took its toll. The supermarket chain admitted its performance was “behind expectations” after pre-tax profit for 2016 fell 19% to £791. ...
Amazon paid just £15m in tax on European revenues of £19.5bn image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:53 AM
....”. Amazon Europe, which is based in Luxembourg and aggregates the billions of pounds of sales the retailer makes from individual countries across the continent, reported a pre-tax profit of €59. ...
Asda posts worst annual figures since Walmart takeover image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 01:21:34 PM
....Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll. Britain’s third biggest supermarket chain admitted performance was “behind expectations” after pre-tax profit for 2016 fell 19% to £791. ...
One in five high-street estate agents risk going bust, study claims image
Source : Guardian [Read Article] Monday 31st of July 2017 05:00:39 AM
....The study follows a slump in profits announced last week at two of the UK’s biggest estate agents. Countrywide, the UK’s biggest listed estate agency, said pre-tax profits for the six months to June were £447,000, down from £24. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
....The ongoing fallout of the Italian accounting scandal has resulted in Patterson’s pay for last year being slashed by £4m, and prompted a restructure with the axing of 4,000 jobs, about half in the UK. The charge hurt BT’s financial performance badly, with pre-tax profits slumping 42% from £717m to £418m in the three months to the end of June. ...
Foxtons blames economic uncertainty as profits plunge by 64% image
Source : Guardian [Read Article] Thursday 27th of July 2017 09:25:24 AM
....Profits at London-focused estate agent Foxtons have plunged by 64%, hurt by slowing demand and increased economic uncertainty. Foxtons said pre-tax profits in the first half of this year dropped to £3. ...
Love Island is awful – but ITV's prospects are better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:54:35 PM
.... One can understand why. In a TV land that is supposedly in the early stages of revolution – consider the investment buzz around Netflix, now valued at a colossal $78bn (£60bn) – ITV’s 16% slump in interim pre-tax profits to £259m carried a hint that the storm outside is not intensifying. ...
ITV clings to Love Island and Victoria as ad slump hits profits image
Source : Guardian [Read Article] Wednesday 26th of July 2017 07:15:31 AM
....The broadcaster said TV advertising slumped 8% to £769m in the first half of the year – the worst fall since the final quarter of 2008 – and blamed marketers for holding back budgets due to “ongoing economic and political uncertainty”. ITV’s pre-tax profits slumped 16% to £259m in the first six months of 2017. ...
Jeremy Clarkson TV firm made £8m profit after Amazon's Grand Tour image
Source : Guardian [Read Article] Friday 14th of July 2017 10:09:41 AM
....The accounts show that W Chump & Sons made £8. 39m in pre-tax profits from the point of incorporation in November 2015 to the end of last year. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....1m represents less than 3% of the company’s total revenue for the year, which was £740m. The firm seems to be thriving financially: adjusted pre-tax profits leapt 9% to £53. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....One said a colleague earned £2,100 in four weeks, but ended up being charged £2,800 due to costs such as petrol and insurance, as well as “fines because he was too poorly to drive the van”. Another driver for DPD, which made a pre-tax profit of £125m last year, said: “They are quick to brag about how much profit the company makes, but this is at the expense of not treating its drivers properly. ...
EasyJet's Carolyn McCall is favourite to take over at ITV image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:48:15 PM
.... She was appointed a dame for services to the aviation industry last year. In November, easyJet revealed a sharp fall in annual pre-tax profits – its first decline in six years – and expects a further drop this year after the budget airline was hit by the weak pound and was forced to cut prices. ...
FTSE 100 lower despite Worldpay share surge image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:55:15 PM
....The company reported a £2. 4m pre-tax profit for 12 months to 30 April, compared with a £29. ...
£8bn battle looms for credit card processor Worldpay as rivals circle image
.... Worldpay, chaired by City veteran Sir Michael Rake, processed 15bn transactions in 2016, with revenue rising 15% to £4. 5bn and pre-tax profits leaping to £264m from £19m in 2015. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... If you buy a property and let it out for holiday use, you can still set your full mortgage interest repayments against tax, unlike under the rules that have hit buy-to-let. You can also kit out the cottage to a luxury standard and deduct the entire cost from your pre-tax profits. ...
Sky's the limit? How broadcaster has fared over three decades image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:05:49 AM
.... The offer is increased to 700p and the two sides start talks. In the same month, BSkyB announces annual pre-tax profits topped £1bn for the first time. ...
IT meltdown has cost British Airways £80m so far, says Willie Walsh image
Source : Guardian [Read Article] Thursday 15th of June 2017 12:32:01 PM
....Despite the currency fall having a €460m (£402m) adverse impact, IAG made €2. 53bn in pre-tax profits and Romero said: “Our long-term financial goals remain practically unchanged [by Brexit]”. ...
Grenfell Tower's managers were reviewing safety after fire at another block image
....It boasts a string of contracts for the NHS, local councils and the Ministry of Defence, while its maintenance division, which led the refurbishment of the Grenfell Tower, maintains 22,000 properties and has nearly £450m of contracts on its order book. The company made a pre-tax profit of £14. ...
Topshop owner sees profits dive by 79% image
Source : BBC [Read Article] Thursday 8th of June 2017 12:44:18 AM
.... . A report filed with Companies House by Taveta investments showed pre-tax profits for the 12 months to August 27 2016 fell to £36. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
....The company said it faced competition from new fashion retailers at a time when clothing had become a less important part of the household budget. Accounts filed at Companies House for Taveta Investments, the Green family company, showed pre-tax profits slumped to £36. ...
Walking away: when is it time to call it quits on your business? image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:50 AM
.... They had low overheads, with an office on a canal boat in London, and a small team of 10, with freelancers brought in to work on specific projects. At the end of the 2015/16 financial year, they had made a pre-tax profit of £354,000. ...
School buses boost FirstGroup profits image
Source : BBC [Read Article] Thursday 1st of June 2017 09:41:43 AM
....Transport giant FirstGroup warned of ongoing economic uncertainty in the UK as it posted a jump in annual profits. The firm saw underlying pre-tax profits rise 23% to £207m, following a strong performance from its First Student school bus operation in North America. ...
First Group leads FTSE 250 losers' list image
Source : BBC [Read Article] Thursday 1st of June 2017 07:33:17 AM
....Bus and rail operator First Group saw its share price tumble 5% on Thursday after giving a cautious trading outlook. It was the biggest loser on the FTSE 250, despite reporting a 23% rise in pre-tax profits to £207m for the year to the end of March. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Day, who took a £30. 5m dividend from the Edinburgh Woollen Mill group in the financial year to February 2016 when the group made a pre-tax profit of about £90m on sales of £576m, has moved from his castle home in Cumbria to live in Dubai. ...
Frankie & Benny's owner sees shares jump image
Source : BBC [Read Article] Friday 26th of May 2017 09:58:18 AM
....In a note from analysts, brokers Liberum said the update would "reassure the market". Restaurant Group said it expected to report full-year pre-tax profits of around £56. ...
Fever-Tree co-founder makes £73m from selling shares image
Source : Guardian [Read Article] Thursday 25th of May 2017 07:58:04 AM
.... And premium gins demand to be mixed with premium tonics. Fever-Tree has ridden the crest of this alcoholic wave like no other company, reporting pre-tax profits last year that more than doubled to £34. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
....Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. The car parts, bikes and camping retailer said pre-tax profits fell 10. ...
Aston Martin roars back into profit for the first quarter image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:56:30 PM
....Aston Martin has posted a first-quarter profit for the first time in a decade, the sports car maker said. The company made a pre-tax profit of £5. ...
Dixons Carphone says consumers keep spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:16:44 AM
....It enjoyed strong growth in southern Europe, particularly at its Kotsovolos chain in Greece. Dixons now expected annual pre-tax profits to be between £485m to £490m. ...
Retailers sag as FTSE 100 slides image
Source : BBC [Read Article] Tuesday 23rd of May 2017 08:04:48 AM
....Severn Trent shares rose 1. 8% after it said underlying pre-tax profits rose 4. ...
Nationwide profits hit by low interest rates image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:20:53 AM
....Profits have fallen at Nationwide after the building society sought to protect savers from the impact of last year's interest rate cut. Statutory pre-tax profits for the year to March to £1. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....He and Hackett also emphasised the need to make decisions faster, with Ford Jr hinting at more centralised control as he referred to “breaking the hierarchy down”. Despite posting a pre-tax profit of $10. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
.... Its food business is also expected to post a small decline in underlying sales. Investec analyst Kate Calvert has pencilled in pre-tax profits of £603m for the year to 31 March – down from £690m a year ago as the combination of rising costs and falling sales eats into the company’s profitability. ...
SSE warns of 'consequences' of price cap image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:17:10 AM
BT chief's pay package slashed by £4m over Italian accounting scandal image
....BT also clawed back shares worth £338,398 awarded to Patterson and £193, 412 to Chanmugam. Details of the bonus cuts and job losses came as BT reported a 19% fall in pre-tax profits to £2. ...
BT to shed 4,000 jobs in new overhaul image
Source : BBC [Read Article] Thursday 11th of May 2017 06:30:14 AM
....BT said it wanted to "reposition Global Services as a more focused digital business", as technology trends meant it was less dependent on owning physical network assets around the world. The announcements came as BT disclosed that its annual pre-tax profits fell 19% to £2. ...
Smirnoff owner Diageo to pay HMRC £107m in 'Google tax' crackdown image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:54:14 PM
....However, the rule acquired its moniker following a furore over the tech firm’s tax arrangements, which saw it divert its UK revenues through its European headquarters in Ireland. Diageo paid overall tax, in multiple countries including the UK, of £466m last year on pre-tax profits of £2. ...
TalkTalk slumps 11% on profit warning image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:06:26 AM
....TalkTalk shares have fallen almost 11% after the broadband provider cut its dividend and warned profits will fall. TalkTalk reported a £133m pre-tax profit for this year, up from £107m for 2016, but said it expected profits to fall again this financial year as it invests to attract new customers. ...
Whitbread's Alison Brittain named Veuve Clicquot businesswoman of year image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:33:35 AM
....After climbing to the top of the male-dominated banking industry, Brittain switched sectors to lead Whitbread, which also owns the Beefeater Grill and Brewers Fayre restaurant brands, and employs about 50,000 people. It banked underlying pre-tax profits of £562. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
.... John Lewis said employees received the correct pay over the year, but in months where those on hourly rates worked more than average pay fell below the national minimum rate required by law because of the pay averaging system. John Lewis has to compensate employees for any breach, even on such a technical basis, and so has now revised down its 2016-17 pre-tax profits before partner bonus to £541m, from £577m. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
....”. The company cut its pre-tax profit forecast to £680m to £740m for the year to January 2018, from a previous estimate of £680m to £780m. ...
HSBC profits fall as bank bids to restore flagging revenues image
Source : BBC [Read Article] Thursday 4th of May 2017 06:19:35 AM
....84bn from $12. 57bn, while adjusted pre-tax profit - which excludes one-off items - rose to $5. ...
Sainsbury's weighs up franchise deals to boost Local network image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:08:00 PM
....Convenience stores are viewed as a major pillar of growth for Sainsbury’s as shoppers buy less in big stores. The supermarket chain’s pre-tax profits slid by 8% to £503m in the year to 11 March despite a near-13% rise in group sales to £29bn, partly thanks to the acquisition of Argos last year. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....Sainsbury’s has warned that a squeeze on real pay growth and lower consumer confidence is hitting non-food sales as it revealed a third consecutive year of falling profits. The supermarket chain’s pre-tax profits slid by 8. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....Lloyds Banking Group has reported a rise in profits in the three months to the end of March, despite a "challenging" environment. It said pre-tax profits doubled from a year ago to £1. ...
Swinton insurance cuts 900 jobs as customers switch to online image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:06:32 PM
....Swinton is investing £45m in its IT systems, digital and phone platforms at its new head office and call centre in Manchester to keep up with technological and regulatory changes. The firm sells motor, taxi, caravan, home and business insurance and made a pre-tax profit of £18. ...
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
....The Manchester-based company, which has turned its founders into multimillionaires, reported on Wednesday that sales had risen by 51% to £295m in the year to the end of February. This pushed the retailer’s pre-tax profit up by 97% to £31m. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
. Annual pre-tax profits at online fashion retailer Boohoo have almost doubled to £31m - up from just under £16m last year. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....The downbeat outlook from Whitbread, which also owns Beefeater restaurants and Brewers Fayre pubs, overshadowed news of an increase in profits last year. In the 12 months to 2 March, underlying pre-tax profits rose 6. ...
London share prices edge higher image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:57:49 AM
....Whitbread, the hotel and coffee shop group, saw its shares drop 7% to £40. Despite a 6% rise in "underlying" pre-tax profits, it was "cautious" about prospects for the next year and forecast a "tougher consumer environment". ...
Foster + Partners plans redundancies after Brexit uncertainty image
Source : Guardian [Read Article] Monday 24th of April 2017 03:20:53 PM
....The company’s last big round of redundancies was in 2009 at the height of the financial crisis, when it cut about 300 jobs globally and closed offices in Berlin and Istanbul. While the firm’s turnover rose from £188m in 2015 to £225m in 2016, its full-year pre-tax profits dropped from £51. ...
'You're hired Mr Happy' image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:03:35 PM
....And if you look at the continuing performance of the business, the Mr Men method appears to work rather well. Timpson, a household name in the UK and the Republic of Ireland, saw sales rise 8% to £130m in the year to September 2015, with pre-tax profits up 65% to £10. ...
Growth in unpaid full-time internships raises fears for social mobility image
....Fashion house Paul Smith, whose founder was knighted by the Queen in 2000, offers at least three unpaid positions, including a six-month placement in its press office, for which only travel and lunch expenses are paid. The company, which said last month that pre-tax profits more than doubled to £6m, did not respond to requests for comment. ...
BMW profits boosted by Intel map investment image
Source : BBC [Read Article] Thursday 20th of April 2017 12:56:17 PM
....BMW's first quarter profits rose more than expected after the value of its stake in the mapping service Here was boosted by an investment by Intel. The German car giant reported pre-tax profits of 3bn euros (£2. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
.... To cut costs, Debenhams is shutting one of its three main warehouses, in Lodge Farm, Northamptonshire, which employs 220 people, as well as 10 smaller warehouses, all run by the logistics company DHL. The update came as Debenhams posted a pre-tax profit of £87. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
....A central distribution warehouse and about 10 smaller warehouses could also be shut. Meanwhile, the group said its half-year pre-tax profits fell by 6. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
....Over the six months, ABF sold two businesses, US herbs and spices and its south China cane sugar operations. When the proceeds of these disposals are taken into account, unadjusted pre-tax profits rose by 92% to £867m. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
.... The group is planning to drop five own-label womenswear lines including Therapy, Linea Weekend, Episode and Dickins & Jones as part of the shift in emphasis. Elliot said womenswear had been the toughest sector for House of Fraser in 2016 but strong sales of beauty products and a good Christmas helped more than double pre-tax profits, before exceptional items, to £3. ...
Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
....Starbucks has reported a sharp fall in profits at its UK business, which it has blamed on a slowing economy and the effect of the Brexit vote on consumer confidence. The coffee chain said its pre-tax profit in the UK fell 61% to £13. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
. Supermarket giant Tesco has reported a fall in full-year pre-tax profit after it was fined for overstating its profits in 2014. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
.... It has agreed to pay a fine of £129m to settle the Serious Fraud Office investigation and has also struck an £85m deal with the Financial Conduct Authority to compensate affected shareholders. The cost of these deals pulled pre-tax profits down by nearly 40% to just £145m. ...
FTSE 100 takes flight after airline shares rise image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:39:41 AM
....JD Sports jumped 8. 2% after it said strong demand for its sportswear ranges was behind an 81% increase in pre-tax profits last year to £238. ...
JD Sports' profits boosted by fashion for fitness wear image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:22:03 AM
....The fashion for wearing running shoes and tracksuits as day-to-day clothing has given JD Sports a spring in its step as it reported record profits. The "athleisure" trend led to an 81% increase in pre-tax profits last year to £238. ...
BrewDog toasts £213m US private equity investment image
Source : BBC [Read Article] Sunday 9th of April 2017 02:08:58 PM
....BrewDog grew rapidly from its founding in Fraserburgh in 2007, with a £20,000 bank loan, and opened its first pub in Aberdeen in 2010. It had revenues of £71m last year and returned a pre-tax profit of more than £7m. ...
'Punk' beer maker BrewDog sells 22% of firm to private equity house image
Source : Guardian [Read Article] Sunday 9th of April 2017 01:40:17 PM
....It now employs 800 staff, is opening BrewDog bars across the world and has begun building a brewery in Columbus, Ohio, as a launchpad for a bid to conquer America. TSG’s investment values the company, which posted a £7m pre-tax profit on £71m of revenues last year, at £1bn. ...
Can end of unhappy marriage with L'Oréal breathe new life into Body Shop? image
.... We knew before the wedding it would end in tears,” says Mark Constantine, a former Body Shop staffer who now runs fast-growing rival Lush. His business, which now has 931 stores in 49 countries, increased sales by 26% to £723m last year and pre-tax profits increased 76% to £43. ...
McCarthy & Stone blames Brexit for tumbling profits image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:05:36 AM
.... . The construction firm said pre-tax profits fell to £21. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....While discount rival Aldi overtook the Co-op to become the UK’s fifth-largest grocer in February, the Co-op has increased sales ahead of most other rivals helping it maintain a 6% market share. However, in September, the Co-op revealed that pre-tax profits more than halved to £17m in the first six months of 2016 after restructuring costs and price cuts. ...

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