Topic filter : Pre-tax Profit

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....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. ... [Read full article on BBC ]
Sunday 23rd of April 2017 11:03:35 PM
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. Annual pre-tax profits at online fashion retailer Boohoo have almost doubled to £31m - up from just under £16m last year. ... [Read full article on BBC ]
Wednesday 26th of April 2017 06:17:43 AM
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....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. ... [Read full article on BBC ]
Tuesday 25th of April 2017 10:47:43 AM
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....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. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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....6bn worth of property. Overall the company made pre-tax profits of £136. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:00:42 PM
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....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. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 05:31:48 PM
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....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". ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:57:49 AM
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....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. ... [Read full article on Guardian ]
Friday 21st of April 2017 06:28:24 PM
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.... . The bank posted a pre-tax profit of $1bn (£780m), up from $589m in the same period a year ago. ... [Read full article on BBC ]
Wednesday 26th of April 2017 06:27:10 AM
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....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. ... [Read full article on Guardian ]
Monday 24th of April 2017 03:20:53 PM
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....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. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:06:32 PM
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Latest Finance News related to Pre-tax Profit

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. ...
Tory donor Lycamobile in £26m tax dispute image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Lycamobile, the international phone call business and a major donor to the Conservative party, is embroiled in a £26m tax dispute with HMRC over VAT. Accounts filed with Companies House show that Lycamobile’s UK division nearly doubled its pre-tax profits to £10. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....The US search engine giant recorded sales of £1. 03bn and a pre-tax profit of £149m in the UK for the 12 months to the end of June 2016. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
.... Not for the first time, they told a tale of specialist insurance risk being seriously mis-priced in a world of low interest rates. At a headline level, all looked calm: pre-tax profits were steady at £2. ...
Lloyd's of London plans to open Brussels office by middle of 2018 image
Source : Guardian [Read Article] Thursday 30th of March 2017 07:04:46 AM
Redrow withdraws Bovis takeover offer image
Source : BBC [Read Article] Tuesday 28th of March 2017 07:36:53 AM
....It had suffered customer complaints over the poor quality of its homes, which were sold unfinished and were hit by electrical and plumbing faults. In February, Bovis announced that its annual pre-tax profits had fallen 3% to £154. ...
Is being fined 1% of its profits just a mild irritation for BT? It looks like it | Stefan Stern image
.... But if you made £3. 5bn in pre-tax profits in the last financial year, is it really such a large amount? It is just over 1% of those profits – a small price to pay for having let down your customers (and competitors) on a sustained basis. ...
What next for Next? Decline, if it comes, should still be profitable | Nils Pratley image
....A 58% defeat for a remuneration report counts as a thumper, but Crest Nicholson cannot be surprised it happened. The housebuilder, based in the south-east, increased its pre-tax profits by 27% last year but the hurdle for directors to earn maximum jackpots will be set lower in future. ...
Crest Nicholson to pay bonuses despite shareholder revolt image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:10:32 PM
....ISS said the profit target had been lowered “without any compelling rationale provided by the company”. Crest Nicholson’s remuneration report outlined further plans to cut the target for pre-tax profit growth from 16%-20% a year ago to 5%-8% for the 2017 to 2019 period, citing challenging trading conditions. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
....The change is the latest example of belt-tightening by the grocer, which is part of the employee-owned John Lewis Partnership. Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....Overall, revenues for Oliver’s restaurant operation were up by 8. 6% in 2015, although pre-tax profits fell by 39% to £2. ...
Audi and VW sites raided in emissions probe image
Source : BBC [Read Article] Wednesday 15th of March 2017 03:32:14 PM
....Audi-owner VW has already agreed to settlements of $21bn (£17bn) in the US. The raid at Audi's sites coincided with the company's annual press conference, in which it reported pre-tax profits of 3bn euros (£2. ...
Brexit leads cosmetics firm Lush to look for expansion outside UK image
Source : Guardian [Read Article] Monday 13th of March 2017 08:00:30 PM
....9m in the year ended 30 June 2016. Lush said pre-tax profit for the year to 30 June rose 76% to £43. ...
‘To fly, to starve’ – BA cabin crew deserve better | Letter image
Source : Guardian [Read Article] Monday 13th of March 2017 05:38:47 PM
.... In an amplified reprise of the events of 2009-11, BA is refusing to negotiate through Acas, in this case with Unite (the union for “mixed fleet”), having threatened to remove bonuses for 2016 and 2017 and banned staff travel concessions, while the crew have been compelled to take strike action, amounting to as many as 26 days. The spurious excuse of a tough trading environment used in 2010 is wholly implausible now, given the parent company’s (IAG) recent declaration of £2bn pre-tax profit, an increase of one-third on the previous year. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
.... . In its results for last year, Mobileye said revenue more than tripled to $358m, while pre-tax profit jumped from $79. ...
Wood Group agrees takeover of rival Amec Foster Wheeler image
Source : BBC [Read Article] Monday 13th of March 2017 08:32:01 AM
....In February, Wood Group revealed a revenues had fallen 16% last year to $4. 9bn, while pre-tax profit halved to $66m. ...
Bovis Homes rejects offers from Redrow and Galliford Try image
Source : BBC [Read Article] Sunday 12th of March 2017 12:09:00 PM
....The house builder said then that the experiences of a significant number of customers "fell below the high standards they rightly expected". Bovis saw pre-tax profits for last year fall 3% to £154. ...
Wetherspoons chairman criticises 'dinner party' Budget image
Source : BBC [Read Article] Friday 10th of March 2017 08:04:21 AM
....Mr Martin's comments came as the 900-strong chain announced its annual results. In its results for the 26 weeks ending 22 January, pre-tax profits before exceptional items rose 42. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....5m after securing a maximum payout from the firm's long-term incentive plan. WPP, which Sir Martin has built into one of the world's largest ad agencies, recorded a 13% rise in pre-tax profit last year. ...
Morrisons leads FTSE 100 lower image
Source : BBC [Read Article] Thursday 9th of March 2017 09:21:19 AM
....5% growth a year earlier. The news overshadowed Domino's Pizza's full-year results, which showed that underlying pre-tax profits had risen by 17% last year to £85. ...
FTSE 100 ends lower after Budget speech image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:03:23 AM
....Other strong performers included the world's largest security firm, G4S, which jumped 8% following a strong set of results. The firm, which is seeking to put a number of historic scandals behind it, said its sales rose 6% in 2016, while pre-tax profits at its continuing businesses climbed 14%. ...
Direct Line says insurance payout change has cost it £217m image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:13:16 AM
. Insurance company Direct Line has said last week's changes to the way accident victims are compensated has dented pre-tax profits by £217m. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
....Opel had hoped to return to profitability by 2016, but the slide in sterling following the EU referendum last June contributed to its 257m euros annual loss. In contrast, Ford Europe managed to make a pre-tax profit last year despite the pound's collapse. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
....The London market finished down from Wednesday's record high as shares in outsourcing group Capita slumped 9%. The share fall came after the company revealed that annual pre-tax profits had fallen 33% to £74. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
....The firm said Andy Parker would step down later this year once a replacement had been found. The news came as it revealed that annual pre-tax profits had fallen 33% to £74. ...
ITV profits fall as advertising revenue slips image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:37:00 AM
. ITV has reported a 14% fall in annual pre-tax profits to £553m as advertising revenues declined by 3%. ...
Sir Philip Green hasn't pushed the boat out with his BHS pensions deal | Nils Pratley image
....It will be no comfort to Southern’s beleaguered customers that the parent company is also having a rough ride. Go-Ahead, which owns 65% of Govia Thameslink Railway (GTR), operator of the Southern franchise, saw half-year pre-tax profits fall 12% to £67m. ...
Greggs sales up as it warns on inflation image
Source : BBC [Read Article] Tuesday 28th of February 2017 08:32:22 AM
....Total sales rose by 7% to £894. 2m last year, while pre-tax profits hit £75. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....The 49-year-old Welshman is a serial entrepreneur who after several false starts – including an ill-starred rollerblade chain – found a winning formula in Mountain Warehouse. Today it has 201 stores in the UK and delivered a pre-tax profit of £16. ...
Insurance premiums 'set to soar' after compensation changes image
Source : BBC [Read Article] Monday 27th of February 2017 09:21:10 AM
....A number of insurance companies said their finances would be hit as a result of the changes. Direct Line said it expected its pre-tax profits to be reduced by as much as £230m. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
....Annual profits at one of the UK's biggest housebuilders, Persimmon, have risen by nearly a quarter amid what it described as a "confident" market. Persimmon said underlying pre-tax profit rose 23% last year to £782. ...
Trinity Mirror sees big rise in profits image
Source : BBC [Read Article] Monday 27th of February 2017 08:17:10 AM
....Newspaper firm Trinity Mirror has seen annual profit rise 24% after it bought local paper group Local World. Adjusted pre-tax profit in 2016 was £133. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
....However, it was Rightmove’s numbers that really caught the eye. The online property portal reported 2016 revenues up 15% to £220m – and pre-tax profits up nearly a fifth to £162m. ...
William Hill's potential next CEO backs curbs on TV gambling adverts image
Source : Guardian [Read Article] Friday 24th of February 2017 05:53:03 PM
....Bowcock, the interim CEO after the departure of James Henderson last July following successive profit warnings, is among the favourites to be named chief executive, with a decision due within weeks. His comments on advertising, as the company announced a 1% increase in pre-tax profit to £226m, come as the government reviews the potential harm caused by fixed-odds betting terminals and TV advertising. ...
BA cabin crew to stage a new seven-day strike over pay image
Source : BBC [Read Article] Friday 24th of February 2017 05:30:11 PM
.... . Unite said it was clear BA could "afford" to settle the dispute after its parent company, IAG, announced annual pre-tax profit of £2bn earlier on Friday. ...
RBS leads FTSE 100 lower as losses mount image
Source : BBC [Read Article] Friday 24th of February 2017 09:10:51 AM
....Airline group IAG - which owns British Airways and Iberia - saw its shares rise 4. 5% after it reported pre-tax profits of 2. ...
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....Separately, Asian-focused bank Standard Chartered reported that it had swung back into profit in 2016. It recorded a pre-tax profit of $409m (£326m), compared with a $1. ...
John Lewis cuts hundreds of jobs amid online shift image
Source : BBC [Read Article] Thursday 23rd of February 2017 08:49:50 PM
.... . In January the retailer said it expected its full-year pre-tax profit, which it will announce on 9 March, to be higher than last year's £435m. ...
Australia Post chief resigns despite bumper profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 03:35:29 AM
....7bn bailout over a 10-year period, it added. Australia Post earned A$197m ($151m; £121m) in first half pre-tax profit for the six months to December 2016. ...
Qantas profits buffeted by competition headwinds image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:43:50 AM
....More empty seats on flights contributed to a 7. 5% fall in underlying pre-tax profit to A$852m ($656m; £527m), while revenue slipped 3. ...
Business rates: this toxic row will return unless we find a fairer alternative | Nils Pratley image
.... On the other hand, revenues (ignoring currency movements) were flat, disappointing the City. Headline pre-tax profits, swamped by write-offs and one-offs, fell by 62% but even at the underlying level the figure was still virtually unchanged at $19bn. ...
Rolls-Royce posts biggest loss in its history image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:28:53 AM
....Excluding the bribery penalties and the impact of currency fluctuations, Rolls reported that underlying revenues fell 2% in 2016 to £13. 8bn and that underlying pre-tax profits fell 49% to £813m. ...
Unite workers at BMW threaten action over plans to shut UK pension scheme image
Source : Guardian [Read Article] Monday 13th of February 2017 07:01:07 AM
.... He is due to hold talks with senior management at the car giant’s Mini plant in Cowley, Oxfordshire, next Monday. BMW, which made record pre-tax profits of €9bn (£7. ...
Hand delivered: will Ocado's robot soon be picking your shopping? image
Source : Guardian [Read Article] Tuesday 31st of January 2017 01:49:24 PM
....The company, founded by three former Goldman Sachs bankers in 2000, delivered its first profit in 2015 after 15 years of investment in technology and warehouse systems. On Tuesday, the company reported a 22% rise in pre-tax profits to £14. ...

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