Topic filter : Profit

Most trending topics in Business & Finance ( last 24 hours ):
Billionaire Supermarket Asda Energy Supplier Infrastructure Commission Heathrow Brexit Fraud Pharmaceutical General Election Election Bailout Banking Euro Compensation Skilled Worker Holiday Hedge Fund Millions Of Pounds Co-op Pound Pension Conservatives Conservative Letting Agent The Queen Tenant

Socially Most Trending News

....About 12% of Asda’s suppliers said the Walmart-owned chain rarely or never complied with the Grocery Supply Code of Practice, which covers dealings by 10 retailers that sell over £1bn of groceries a year. It is understood that complaints were raised about Asda taking incorrect deductions from invoices without notice, requesting lump sums to make up profit margins, and conducting “abusive” forensic audits of suppliers’ accounts. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:49:44 PM
Total Trend count
153
Most trending on :
153
....The decline in transaction activity has knock-on effects in other parts of the economy, stretching from income for estate agents and conveyancing solicitors through to sales of furniture and electrical stores which tend to benefit when people move home and buy new goods. Last year Countrywide, the estate agent group, announced the closure of more than 50 branches, while London agency Foxtons warned in March of tough trading conditions in 2017 as it reported a 54% fall in profit for last year. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 05:01:21 AM
Total Trend count
112
Most trending on :
97 13 2
.... “Why change a system that has worked well for 25 years for both poor farmers and large supermarkets?” asked one. Had not the supermarket reaped tens of millions of pounds’ profit and huge moral kudos by pioneering Fairtrade and inviting customers to pay a bit more for their produce?. ... [Read full article on Guardian ]
Saturday 24th of June 2017 11:02:13 PM
Total Trend count
109
Most trending on :
89 15 5
....But a recent industry report by Walpole, which represents 200 British luxury brands, suggested the super-prime rental levels were becoming a problem. One prominent Bond Street occupier described the landlords as ruthless and only interested in the most profitable tenants. ... [Read full article on Guardian ]
Sunday 25th of June 2017 01:45:36 PM
Total Trend count
53
Most trending on :
52 1
.... For years, they have advanced the argument that business will always perform a given task better than government, whether it’s running buses or schools, supplying healthcare or housing. The public sector is sclerotic, wasteful and undisciplined by the profit motive. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:00:25 AM
Total Trend count
43
Most trending on :
21 20 1 1
....Tim Hinton, managing director of mid markets and SME banking at Lloyds, said: “Our latest survey, which was conducted during the election campaign, shows an increase in business confidence since our last report at the start of the year. “Although challenges remain in recruiting both skilled and unskilled labour, businesses are anticipating higher sales, increased profits and staffing levels to rise, which is all very positive for the economy. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:01:43 PM
Total Trend count
43
Most trending on :
36 7
.... “I put them up with much more realistic pricing that actually covered costs,” Giblin says. “My first Kickstarter was not profitable. ... [Read full article on Guardian ]
Monday 26th of June 2017 06:00:02 AM
Total Trend count
40
Most trending on :
40
....MacGregor said: “It does pose the question, when it comes to regulation and risk, is this the right move for RBS?”. Small businesses were pushed to the brink of collapse to enable RBS to make a profit and, after years of pressure from campaigners, the bank set aside £400m to refund fees for customers of the now disbanded division. ... [Read full article on Guardian ]
Sunday 25th of June 2017 03:48:43 PM
Total Trend count
34
Most trending on :
34
.... But this interest relief is being slashed from 100% to zero. Instead, the income tax on someone’s property profits and any other income sources will be added up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:45:48 PM
Total Trend count
28
Most trending on :
22 6
....Early last year the company said it would experiment with table service and cooked-to-order gourmet burgers at hundreds of UK restaurants, in a bid to head off competition from upmarket rivals such as Byron. In April McDonald’s said quarterly profits rose by a better than expected 8% to $1. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 01:13:34 PM
Total Trend count
23
Most trending on :
18 5
....So, the short answer as to why no top banker lost his (they are always men) fortune when their banks went bust and required bailouts or nationalisation? It’s politics. There was too little political capital and almost no political will among mainstream parties to break up the banks and make them small and simple again – let alone to take on the “top” bankers and at least take away the bonuses paid out to reward profits that in 2008 proved illusory. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:39:41 PM
Total Trend count
23
Most trending on :
17 6
.... The firm also set aside £7m to rectify build issues and, in a few cases, pay compensation after it emerged homeowners were pressured to move into incomplete homes before Christmas. It issued a profit warning in late December and its then-chief executive, David Ritchie, quit not long after. ... [Read full article on Guardian ]
Saturday 24th of June 2017 06:00:00 AM
Total Trend count
16
Most trending on :
13 3
.... Last week the carmaker revealed amid a fanfare of publicity that it would be hiring 5,000 extra engineers and, with less fanfare, that it would begin work on its next-generation electric car in Austria. Very simply, the company appears to have made a judgment that for the next two to three years the pound will remain low and, with this discount in place on its exports, it will profit from shifting a huge volume of diesel cars from factories in the West Midlands and Merseyside to the rest of the world. ... [Read full article on Guardian ]
Saturday 24th of June 2017 04:05:04 PM
Total Trend count
13
Most trending on :
7 5 1
.... They will be located in apartment blocks near the power station. The other 250 affordable homes that had been originally planned will only be built after an “end of scheme review” – an assessment of the profits the developer expects to make. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 04:50:02 PM
Total Trend count
9
Most trending on :
8 1
....50, recent business rate changes and the introduction of the apprenticeship levy. Lewis said last year that retailers faced a “potentially lethal cocktail” as profits slump and costs rise. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 02:05:28 PM
Total Trend count
8
Most trending on :
8
.... The chain also has a presence in the Netherlands, Malta, China, India and the United Arab Emirates. And its profit margins are famously fat: the business is thought to have achieved top-line profits of about £150m on revenues of about £600m last year. ... [Read full article on Guardian ]
Monday 26th of June 2017 03:18:46 PM
Total Trend count
6
Most trending on :
4 2
....Stephen Jempson, a Nisa member whose family has 14 outlets in East Sussex, said he would back a deal only if it offered members an element of independence and suggested that the mooted £130m price tag looked too low. He said: “Any suitor needs to remember Nisa shouldn’t be valued by its profitability or asset base,” he said. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:07:36 PM
Total Trend count
4
Most trending on :
4
.... There ought to be some effort to see how countries, overrun time and again in war, have a different order of priorities for partnership. Economics? Pounds sterling, euros, profits and losses? Naturally. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:21 AM
Total Trend count
4
Most trending on :
2 2
....“Nonetheless, the strategic rationale for the change remains strong,” declared Crook. In year one of the great leap forward, however, divisional profits will almost halve to £60m. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:01:21 AM
Total Trend count
3
Most trending on :
2 1
....At the end of that term, they can either return the vehicle with no further costs or hand over the remaining £9,000 to buy it. Walker says dealers often claim you could make a profit because if the car is worth, say, £10,000 after three years, you will have £1,000 left over to "reinvest" into a new PCP deal. ... [Read full article on Daily Express ]
Sunday 25th of June 2017 01:27:00 PM
Total Trend count
3
Most trending on :
3
.... This followed action by the Competition and Markets Authority, which last year wrote to around 25 businesses to tell them their pricing must be “transparent”. • Only buy the basic packageFirms make their profits by selling add-ons, and in particular overpriced excess insurance. ... [Read full article on Guardian ]
Saturday 24th of June 2017 05:59:00 AM
Total Trend count
1
Most trending on :
1

Latest Finance News related to Profit

Asda is named worst supermarket in treatment of suppliers image
Source : Guardian [Read Article] Monday 26th of June 2017 05:49:44 PM
....About 12% of Asda’s suppliers said the Walmart-owned chain rarely or never complied with the Grocery Supply Code of Practice, which covers dealings by 10 retailers that sell over £1bn of groceries a year. It is understood that complaints were raised about Asda taking incorrect deductions from invoices without notice, requesting lump sums to make up profit margins, and conducting “abusive” forensic audits of suppliers’ accounts. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
.... The chain also has a presence in the Netherlands, Malta, China, India and the United Arab Emirates. And its profit margins are famously fat: the business is thought to have achieved top-line profits of about £150m on revenues of about £600m last year. ...
'Why should we leave innovation to the biggest companies in the world?' image
.... “I put them up with much more realistic pricing that actually covered costs,” Giblin says. “My first Kickstarter was not profitable. ...
Skilled labour shortage fuelled by uncertainty for EU workers image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:01:43 PM
....Tim Hinton, managing director of mid markets and SME banking at Lloyds, said: “Our latest survey, which was conducted during the election campaign, shows an increase in business confidence since our last report at the start of the year. “Although challenges remain in recruiting both skilled and unskilled labour, businesses are anticipating higher sales, increased profits and staffing levels to rise, which is all very positive for the economy. ...
RBS to cut hundreds of UK jobs in move to India image
Source : Guardian [Read Article] Sunday 25th of June 2017 03:48:43 PM
....MacGregor said: “It does pose the question, when it comes to regulation and risk, is this the right move for RBS?”. Small businesses were pushed to the brink of collapse to enable RBS to make a profit and, after years of pressure from campaigners, the bank set aside £400m to refund fees for customers of the now disbanded division. ...
Bond Street: status of UK's most exclusive shopping street under threat image
....But a recent industry report by Walpole, which represents 200 British luxury brands, suggested the super-prime rental levels were becoming a problem. One prominent Bond Street occupier described the landlords as ruthless and only interested in the most profitable tenants. ...
Car finance: Is it time to go down the PCP and HP road? image
Source : Daily Express [Read Article] Sunday 25th of June 2017 01:27:00 PM
....At the end of that term, they can either return the vehicle with no further costs or hand over the remaining £9,000 to buy it. Walker says dealers often claim you could make a profit because if the car is worth, say, £10,000 after three years, you will have £1,000 left over to "reinvest" into a new PCP deal. ...
Europe is the shared story our papers tell. It’s what made me who I am image
.... There ought to be some effort to see how countries, overrun time and again in war, have a different order of priorities for partnership. Economics? Pounds sterling, euros, profits and losses? Naturally. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
.... “Why change a system that has worked well for 25 years for both poor farmers and large supermarkets?” asked one. Had not the supermarket reaped tens of millions of pounds’ profit and huge moral kudos by pioneering Fairtrade and inviting customers to pay a bit more for their produce?. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
.... Last week the carmaker revealed amid a fanfare of publicity that it would be hiring 5,000 extra engineers and, with less fanfare, that it would begin work on its next-generation electric car in Austria. Very simply, the company appears to have made a judgment that for the next two to three years the pound will remain low and, with this discount in place on its exports, it will profit from shifting a huge volume of diesel cars from factories in the West Midlands and Merseyside to the rest of the world. ...
Frustrated homebuyers in a fight to the finish with Bovis image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
.... The firm also set aside £7m to rectify build issues and, in a few cases, pay compensation after it emerged homeowners were pressured to move into incomplete homes before Christmas. It issued a profit warning in late December and its then-chief executive, David Ritchie, quit not long after. ...
Holiday car hire: how to avoid the add-ons that can double your bill image
Source : Guardian [Read Article] Saturday 24th of June 2017 05:59:00 AM
.... This followed action by the Competition and Markets Authority, which last year wrote to around 25 businesses to tell them their pricing must be “transparent”. • Only buy the basic packageFirms make their profits by selling add-ons, and in particular overpriced excess insurance. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
....So, the short answer as to why no top banker lost his (they are always men) fortune when their banks went bust and required bailouts or nationalisation? It’s politics. There was too little political capital and almost no political will among mainstream parties to break up the banks and make them small and simple again – let alone to take on the “top” bankers and at least take away the bonuses paid out to reward profits that in 2008 proved illusory. ...
Nisa members air discontent at prospect of Sainsbury's takeover image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:07:36 PM
....Stephen Jempson, a Nisa member whose family has 14 outlets in East Sussex, said he would back a deal only if it offered members an element of independence and suggested that the mooted £130m price tag looked too low. He said: “Any suitor needs to remember Nisa shouldn’t be valued by its profitability or asset base,” he said. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
.... But this interest relief is being slashed from 100% to zero. Instead, the income tax on someone’s property profits and any other income sources will be added up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. ...
Big Mac, smaller effort: Uber to run McDonald's deliveries in UK image
Source : Guardian [Read Article] Thursday 22nd of June 2017 01:13:34 PM
....Early last year the company said it would experiment with table service and cooked-to-order gourmet burgers at hundreds of UK restaurants, in a bid to head off competition from upmarket rivals such as Byron. In April McDonald’s said quarterly profits rose by a better than expected 8% to $1. ...
Battersea Power Station developer slashes number of affordable homes image
Source : Guardian [Read Article] Wednesday 21st of June 2017 04:50:02 PM
.... They will be located in apartment blocks near the power station. The other 250 affordable homes that had been originally planned will only be built after an “end of scheme review” – an assessment of the profits the developer expects to make. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
....“Nonetheless, the strategic rationale for the change remains strong,” declared Crook. In year one of the great leap forward, however, divisional profits will almost halve to £60m. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... For years, they have advanced the argument that business will always perform a given task better than government, whether it’s running buses or schools, supplying healthcare or housing. The public sector is sclerotic, wasteful and undisciplined by the profit motive. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
....The decline in transaction activity has knock-on effects in other parts of the economy, stretching from income for estate agents and conveyancing solicitors through to sales of furniture and electrical stores which tend to benefit when people move home and buy new goods. Last year Countrywide, the estate agent group, announced the closure of more than 50 branches, while London agency Foxtons warned in March of tough trading conditions in 2017 as it reported a 54% fall in profit for last year. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
.... Beneath headline losses of £2. 6bn since the crisis, there lurks a profitable retail bank awaiting the balm of higher interest rates. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
.... It called for more international cooperation to ensure businesses pay their fair share of tax. “Trade and financial linkages enable companies, particularly large multinationals, to make decisions regarding production and profit declaration to minimise their taxes,” the report said. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
....The combination of all these trends allows employers to keep wage rises at about 2%. These are the same employers who, despite enjoying a cut in corporation tax from 28% since 2010 to 19% today under the Conservatives and the promise of 17% by 2020, are hoarding profits and investing very little to increase output. ...
Lloyds likely to extend compensation deadline over HBOS fraud scandal image
....Scourfield was bribed by Mills with foreign cruises and sex parties. In return, Scourfield agreed to give inappropriate loans to struggling businesses, which allowed Mills and his associates to profit from imposing high consultancy fees on those firms. ...
Life and death in Apple’s forbidden city image
Source : Guardian [Read Article] Sunday 18th of June 2017 08:30:02 AM
.... Foxconn Longhua was so massive that it could be its own nation-state, and the suicide rate was comparable to its host country’s. The difference is that Foxconn City is a nation-state governed entirely by a corporation and one that happened to be producing one of the most profitable products on the planet. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....Yet a semi-endorsement of a business model is no comfort if Amazon gets properly serious about food in the UK. The US giant has two advantages: it understands logistics, and its shareholders don’t expect it to make hard profits to be paid as dividends. ...
Revealed: the Romanian site where Louis Vuitton makes its Italian shoes image
Source : Guardian [Read Article] Saturday 17th of June 2017 08:00:33 AM
....Just a few weeks ago it took control of Christian Dior. To keep profits high, the company had to lower production costs. ...
Buying my own place was an impossible dream – here’s how it came true image
....A friend of mine who has also headed to Margate, freelance fashion stylist Issie Gibbons, recalls the challenges she faced when she and her now-husband, Oliver Archibald, a self-employed plumber, originally planned to buy in London. “We had a mortgage adviser who told us to come back in two years’ time with more profit shown on our yearly accounts. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
.... He was also handed £502,000 for his pension. The retail arm of SSE increased the profit margin it makes on householders from 6. ...
Cladding for Grenfell Tower was cheaper, more flammable option image
Source : Guardian [Read Article] Friday 16th of June 2017 12:15:05 PM
....The website also says Omnis manufactures cladding at a workshop in St Helens and has supplied dozens of building projects around the country. It reported a profit of £1. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
.... International like-for-like sales slumped by 3% after it closed its “bulk selling” operation in Thailand, which primarily sold tobacco and alcohol to independent traders. “It’s not profitable and it adds complexity to the way we run the operation,” explained Lewis. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
.... Furniture and carpet stores have always seemed peculiarly vulnerable to hot weather, cold snaps, late Easters, and most other supposed plagues of the shopkeeping game. All the same, DFS’s warning that it will miss full-year operating profit forecasts – it now expects £82m to £87m compared with £94. ...
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
....He promised they would “do everything to restore customers’ faith”. Romero said the last year had seen “very difficult circumstances” for the airline group, with the Brexit vote and subsequent collapse of the pound hitting profits. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
....”. The slump in retail sales, combined with the profit warning from sofa chain, has seen shares in the sector drop back sharply, with Next, Marks & Spencer and Kingfisher all down more than 3%. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
. A surprise profit warning from sofa chain DFS has sent shockwaves through the high street, as concerns grow that Britons’ spending power is being squeezed by higher living costs. ...
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules image
....4bn of these losses have been disclosed so far, with Admiral one of the worst hit. Its 2016 pretax profits were reduced by £105m, falling by a quarter to £284. ...
Grenfell Tower's managers were reviewing safety after fire at another block image
....The London fire brigade issued an “enforcement notice” telling KCTMO to install “self-closing devices” on the front doors of flats in Adair Tower and the nearby Hazlewood Tower, built to the same design. KCTMO, named this year among the top 100 not-for-profit firms to work for by the Sunday Times, has offered its “sincere and heartfelt condolences” to anyone affected by the fire. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
....2bn has been taken out of Thames in the form of dividends in the past 10 years. Second, the fines and penalties, even when set at maximums, appear tiny in the context of £634m of operating profits last year. ...
Mulberry says terrorism and election uncertainty may have hit UK sales image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:00:13 PM
. New designs and website improvements lifted sales and profits at Mulberry in the last year, but the British brand has warned that uncertainty around the general election and terrorist attacks hit UK sales in recent months. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
.... In May, the Guardian revealed that amid fears of a drought and with some water companies asking customers to save water, the vast amount of water that leaks from company pipes every day across England has not fallen for at least four years. The missed target was revealed in Thames Water’s annual report, which also showed profit before tax fell by 86% last year. ...
British Airways looks to Capita to run call centres after IT meltdown image
Source : Guardian [Read Article] Tuesday 13th of June 2017 12:04:02 PM
....The GMB union said it was a “short-sighted” move from BA. Mick Rix, national officer for aviation, said: “Despite record profits, this is the latest penny wise and pound foolish plan from IAG BA and is consistent with those that led to the IT meltdown. ...
Visitor numbers fall at UK attractions after terrorist attacks image
Source : Guardian [Read Article] Tuesday 13th of June 2017 07:24:26 AM
.... A Sea Life centre in Chongqing, China, is scheduled to open on 15 June and Little Big City is expected to open in Berlin in July. Varney said: “Merlin has a diverse portfolio of global brands with more than 70% of 2016 profits from outside the UK, and this proportion will only grow over time as we continue to invest internationally. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
....”. Carry Somers, founder of the non-profit Fashion Revolution said: “Ivanka Trump claims to be the ultimate destination for Women Who Work, but this clearly doesn’t extend to the women who work for her in factories around the world. ...
Tech shares keep sinking amid concerns sector is slowing image
Source : Guardian [Read Article] Monday 12th of June 2017 04:33:15 PM
....Jack Ablin, chief investment officer at BMO Private Bank, said it was too early to say whether the last two days of trading would develop into something worse for the tech sector but added that there were worrying signs. “The tech sector has been the stock market’s best performer, and some people may be taking profits or rotating their investments into different sectors,” he said. ...
One love, one aim … finding the best way to donate to victims of the terror attacks image
....Know the commissions. JustGiving, a for-profit organisation, takes 5% of all donations which it says pay for admin costs and improving its service to “help people raise money more efficiently”. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
....There was some speculation earlier this year that some of the banks were seeking a cut in the interchange fee, and that if an agreement could not be reached, some Link members could break away and start charging. It was also suggested that unprofitable machines – such as those rarely used – could be allowed to impose a charge for the first time. ...
L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal image
Source : Guardian [Read Article] Friday 9th of June 2017 10:45:16 AM
....L’Oréal, the world’s largest cosmetics company, is selling up because decline has set in at the brand once viewed as a trendy eco-friendly label. Body Shop’s operating profits dived 38% to €34m in the year to 31 December 2016, while sales sank nearly 5% to €921m. ...
Body Shop sale moves closer as L'Oreal talks to Natura image
Source : BBC [Read Article] Friday 9th of June 2017 08:11:06 AM
....Last year, the Body Shop's sales fell 4. 8% and its profit margin dropped to 3. ...
Election 2017: Investors unnerved by economic uncertainty image
Source : BBC [Read Article] Friday 9th of June 2017 05:09:50 AM
....The prospect of a hung parliament and speculation about the election result's impact on Brexit saw the value of sterling slide against the dollar. Although the FTSE 100 closed 1% up - boosted by companies that earn profits in dollars - domestic stocks like Next and Barratt Developments were hit hard. ...
BT drops PwC following Italian accounts scandal image
Source : BBC [Read Article] Thursday 8th of June 2017 01:56:30 PM
....The former state-owned phone giant has dropped PwC and will replace them with rival accounting firm KPMG. In January, BT admitted its Italian business had overstated profits, leading to a share price slump. ...
Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs image
.... The pound has fallen 13% against the dollar since the Brexit vote. Despite the added pressures Gordon Ramsay Group managed to bounce back to profit for the first time in two years thanks to restructuring and international expansion. ...
ECB forecasts higher growth but keeps rates on hold image
Source : BBC [Read Article] Thursday 8th of June 2017 12:05:28 PM
....2%. Mr Draghi said the recovery was due to a pick-up in investment and corporate profitability, gains in employment and the global recovery supporting trade and euro area exports. ...
Flybe promises overhaul after £20m loss image
Source : BBC [Read Article] Thursday 8th of June 2017 08:00:13 AM
....Flybe said it would start to reduce the size of its fleet after it saw slowing growth in consumer demand. However, it insisted the current year was going well and efforts to turn a profit again were well underway. ...
Japan growth rate revised down but business spending improves image
Source : BBC [Read Article] Thursday 8th of June 2017 07:28:41 AM
.... . Exporters have been helped by a weakening currency, which has made their products more competitive and has boosted the value of profits earned overseas. ...
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. ...
S&P lowers Qatar's credit rating image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:42 PM
...."We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on its economic growth and fiscal metrics," S&P said. S&P said it expects Qatar's economic growth to slow, as regional trade falls and corporate profitability declines in the face of reduced confidence. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
. Sir Philip Green’s retail empire suffered a worse than expected 79% fall in profits last year as it reeled from the closure of BHS and a tough fashion market, during which Topshop’s UK sales fell for the first time in more than a decade. ...
Austerity has strangled the British economy. Only Labour gets this | Joseph Stiglitz image
....Over three decades later, it is clear that the rules were rewritten in ways that slowed our economy. These changes encourage financialisation, with firms chasing only profits; and they promote short-termism, with companies unwilling to invest over the longer term. ...
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. ...
General Election result is make or break for investors image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 12:01:00 AM
....She says a Corbyn win or Labour-led coalition would trigger a short, sharp decline in share prices and sterling. Shadow Chancellor John McDonnell’s proposed hike in corporation tax to 26 per cent would hit profits and markets, while tighter regulations could knock bank sector profitability. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
.... Britain’s not a strong and stable economy, but a fundamentally weak and enfeebled one, brought low by a banking industry that lent hundreds of billions more than it should have to people it barely knew. It is not for the want of profits that businesses have shied away from shopping for the latest ideas or buying the latest kit. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....Bailey’s salary will remain at £1. 1m when he becomes president next month, following a year in which underlying profits fell by 21%. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
....A spokesperson for the Association of British Bookmakers said: “This research is deeply flawed, the reality is that betting shops are located in areas of high footfall with 84% of shops located in densely populated areas. “The most profitable shops are located in the least deprived areas. ...
AO World warns of 'significant' slowdown in UK growth image
Source : BBC [Read Article] Tuesday 6th of June 2017 07:33:02 AM
...."There are similarities between AO World and Ocado. Like the grocery pick-and-pack specialist AO World is growing sales impressively but finding it hard to turn a profit. ...
If you want to get technical, recession records are nothing to brag about | Greg Jericho image
....Hours worked and the total growth of wages also remains pitiful:. Company profits however have shown another strong rise – up 39. ...
Donald Trump unveils plan to privatize 'antiquated' air traffic control system image
.... He offered few other details, however, about his promised $1tn infrastructure programme. With fanfare at the White House, where he was introduced as “a builder”, the president backed a plan to spin-off air traffic operations into a private, not-for-profit corporation and promised “a great new era in American aviation”. ...
Trump to privatise air traffic control image
Source : BBC [Read Article] Monday 5th of June 2017 06:42:18 PM
. US President Donald Trump wants to privatise air traffic control operations, creating a not-for-profit company to oversee functions now handled by the federal government. ...
BA meltdown: switching off and on again may have caused IT crisis image
Source : Guardian [Read Article] Monday 5th of June 2017 06:10:50 PM
....Walsh said it was a natural reaction to focus on negative changes, but added: “If you look at the advances in technology – trillions of dollars invested in new aircraft, lounges and equipment – there needs to be balance about the changes that are beneficial to business and consumers and those that are regarded as retrograde. We invest a lot of money in new aircraft, we’ve got to fund that through profitability. ...
Airline shares lower after terror attack image
Source : BBC [Read Article] Monday 5th of June 2017 08:11:29 AM
....Ocado, which had originally pledged an overseas deal by the end of 2015, did not name the retailer or say how much the contract was worth. Ocado's shares have risen by 37% in the past two months and Neil Wilson, analyst at spread betting firm ETX Capital, said the drop could be linked to investors deciding to take profits. ...
Tesco PwC accounts probe called off image
Source : BBC [Read Article] Monday 5th of June 2017 07:34:39 AM
....". The investigation stemmed from Tesco's 2014 accounting scandal, in which profits were overstated by £326m. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
.... It is difficult to see your role at present as much more than merely the applier of a rubber stamp on a pre-determined level of compensation which has been set by LBG [Lloyds Banking Group] itself. This renders the entire review scheme a mere sham which has been concocted primarily to preserve LBG’s profit margin and share price. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
. Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. ...
Canada calling: tech industry lures workers north in wake of Trump image
Source : Guardian [Read Article] Sunday 4th of June 2017 10:00:21 AM
....It’s a message many seem eager to embrace. In February, Invest Ottawa, a non-profit organisation primarily funded by the city’s municipal government, launched a recruitment campaign in five US regions, highlighting the thousands of jobs expected to be created by Ottawa’s tech sector in the coming years. ...

Page rendered in 4.1933 seconds.