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....”. Forster said sterling’s depreciation since the referendum had already hurt LTC’s profit margins, but added: “We will somehow live with it. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:51:15 AM
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.... On the property front, he offered a “portfolio stress test,” asking what would happen if like-for-like sales in the shops continue to fall for another 10 years. In a truly bleak decade – defined as minus 6% every year – profit margins in the branches would halve but would still be 10% before counting central overheads. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 07:27:45 PM
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Latest Finance News related to Profit Margin

What next for Next? Decline, if it comes, should still be profitable | Nils Pratley image
.... On the property front, he offered a “portfolio stress test,” asking what would happen if like-for-like sales in the shops continue to fall for another 10 years. In a truly bleak decade – defined as minus 6% every year – profit margins in the branches would halve but would still be 10% before counting central overheads. ...
THE CRUSADER: Holiday pair's hotel tangle image
Source : Daily Express [Read Article] Monday 20th of March 2017 12:01:00 AM
....The big thing to watch out for across-the-board however are deals and special offers. These work on lower profit margins for the business and because of that are usually non-refundable, so always take a moment before clicking. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
.... Once upon a time, this would have been taken as excellent news for shareholders, as opposed to customers. Inflationary breezes, allowing prices to be raised faster than overheads, used to be a supermarket’s best friend and surest way to protect profit margins. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
.... Welfare cuts and rising prices will squeeze real incomes and choke off consumer spending in the months ahead. Competitive pressures will force companies to absorb higher import costs into their profit margins. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
.... The 160-year-old shoe retailer may yet be rescued, but about 1,000 workers are unsure about their future employment. Profits for bricks-and-mortar shops are being squeezed by the rise of online shopping, an increase in staff costs brought on by the introduction of the national living wage, and fierce discounting of the price of their products, which is designed to attract shoppers but hurts profit margins. ...
Vauxhall's Luton and Ellesmere Port factories will face battle after 2021 image
.... If Britain leaves the single market and the customs union this will add cost and delays to production at car plants in the country. UK car factories already operate on profit margins of less than 10% and a production model called “just-in-time” means parts arrive at plants just hours before they are added to the car, so any interruption could make them unviable. ...
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
.... Thursday’s full-year numbers were ruined by the inevitable raft of impairment charges and restructuring costs but, if you’re happy to look at “underlying” figures, the scars were less deep. Pre-tax profits fell 19% to £475m but profit margins were 11. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... One million residential properties are now advertised on the site – a third more than any rival. Its profit margin is unsurprising given what Rightmove actually does – it just runs a website used by estate agents to advertise the homes on their books. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....8%. A rise in interest rates in the US and UK would boost Barclays' profit margins, but Mr Staley warned that rising inflation may begin to dent consumer confidence. ...
Carlos Ghosn refocuses Nissan role image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:33:29 AM
.... . Under his leadership, Nissan achieved higher profit margins and expanded in many countries, including China, which is now one of the carmaker's key markets. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But there are actions Unilever could take without trampling on its heritage. Bernstein analyst Andrew Wood set out five this week: sell the perennially underperforming Flora spreads business; demand higher profit margins; be tighter on capital expenditure; use the strong balance sheet to buy more small businesses or to return cash to shareholders; communicate with investors better. ...
Unilever takes steps to fend off renewed bid from Kraft Heinz image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:09:35 PM
. Unilever has upgraded profit margin expectations and announced a “comprehensive review of options” to improve value for shareholders in an apparent effort to shore itself up against a renewed bid from the US food group Kraft Heinz. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... It is a successful business that pays reliable dividends and whose share price has doubled since 2010. The appeal for Kraft Heinz is not hard to fathom: the US firm probably calculates that profit margins could be even higher if it ran the business harder and ditched Unilever’s worthy words about behaving with a sense of corporate responsibility. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
....There are some factors in Kraft Heinz’s favour. Unilever’s recent row with Tesco about increasing the price of Marmite shows it is working hard to protect profit margins at a time when costs are rising and supermarkets are trying to push food prices down. ...
Five reasons why Waitrose is closing stores image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:57:04 PM
.... As Tesco has brought down prices, Waitrose has been forced to follow, contributing to a 1% fall in sales at established stores in the half-year to July. Other initiatives including the introduction of a basics range during the financial crisis in 2009 and a 20% discount for loyalty card holders on 10 items they regularly buy will also have squeezed profit margins. ...
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... GSK, with 100,000 employees, may seem out of tune with the fast-and-nimble mantra, but its structure – cemented via an asset swap with Novartis in 2015 – works. Witty was able to boast that all three main divisions are currently increasing their profit margins and gaining market share. ...
Lloyds must compensate the victims of the £245m HBOS scam – fast | Nils Pratley image
....At a push, one might say government assistance for small housebuilders could inject more competition. But, if the sight of profit margins at 20%-plus across the sector hasn’t brought forth a rush of new rivals, the problem may go deeper than a lack of official encouragement for the smaller brigades. ...
War of convenience as supermarket chains take on small stores image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
....But a decade of aggressive convenience-store opening programmes by the likes of Tesco and Sainsbury’s, coupled with the rise of discounters Aldi and Lidl, means it has been getting harder for small shopkeepers like Patel to survive. “It was a good living – but now there is more competition, our profit margins have come down,” says Patel. ...
Don’t throw your money on home emergency and key cover insurance – Patrick Collinson image
.... It will no doubt come to the aid of distressed householders or motorists every now and then. It’s just that the profit margins appear to be insanely high. ...
UK inflation hits two-year high of 1.6% image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:13:33 AM
.... The manufacturers’ organisation EEF said there was an “ever increasing squeeze on manufacturers from rising input costs”. Its senior economist, George Nikolaidis, said: “Any respite is unlikely during 2017 as increased input costs will continue to bite into profit margins in the year ahead. ...
Private health insurance sales surge amid NHS crisis image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:09 AM
.... A typical PMI policy for a healthy 35-year-old costs about £650 a year, but this rises steeply to £2,300 for those aged 70, when claims are far more likely. But the LaingBuisson data suggests that the companies and private hospitals selling cover are enjoying bumper profit margins. ...
Toblerone maker to hike price of Cadbury's Freddo bars image
Source : Guardian [Read Article] Thursday 12th of January 2017 05:00:24 PM
....Economists have warned that inflation will rise in the coming months as a result of the decline in the value of the pound. Food manufacturers are either increasing prices or shrinking pack sizes – dubbed “shrinkflation” – as they look to maintain profit margins as input costs increase. ...
A new stock market bubble? Neil Woodford may have a point image
Source : Guardian [Read Article] Thursday 12th of January 2017 03:21:32 PM
....To be fair to Lewis, he never said it would be quick. What’s more, after previous management’s catastrophic blunder in chasing self-defeating targets for profit margins, you can’t blame him for deciding the priority was to fix the offer for customers. ...
John Lewis to cut staff bonus after pound’s Brexit slide image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:25:01 AM
....The shift towards online sales hits profits because of the cost of home deliveries and returns. Nick Bubb, an independent retail analyst, said John Lewis’s never knowingly undersold price-matching scheme was also likely to have cost the company profit margin as discounting across the market increased ahead of Christmas. ...
Basic shop disciplines deliver Morrisons a merrier Christmas image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:13:19 PM
.... Five years ago, annual underlying pre-tax profits were £948m but this financial year, after Tuesday’s modest upgrade to forecasts, they will be £335m-ish, up from £242m a year ago. Morrisons can stop shooting itself in the foot, but it can’t make Aldi and Lidl disappear, or bring back its old profit margins. ...
Majestic Wine sales up 7.5% over firm's 'biggest ever' Christmas period image
Source : Guardian [Read Article] Tuesday 10th of January 2017 01:53:14 PM
....7% reported for the six months to 26 September and came on top of a strong performance last Christmas when sales rose by 7%. The success was partly bought at the expense of a 1% cut in gross profit margins against last year as the company said it had recognised the need to “remain competitive in a heavily discounted UK market”. ...
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. ...
UK firms brace for further Brexit price rises, surveys show image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:02 AM
....British companies are grappling with higher costs and bracing for further pressure in the months ahead as the start of Brexit talks threatens to drag the pound down further and ramp up the price of imports to the UK. Reports from the manufacturing and construction sectors on Monday point to a sharp rise in the prices paid for materials by firms in Britain and worries that their profit margins will be squeezed as they decide how much of those higher costs they can pass on to customers. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
....8% fall in like-for-like sales and growth of 1. 6% at its Argos chain – although the latter’s profit margins could have been damaged by a fierce price war on toys with Tesco. ...
Is Britain’s rail network getting worse? image
Source : Guardian [Read Article] Friday 6th of January 2017 05:34:17 PM
.... Terms of new franchises are specifying that more services must run on driver-only operated trains. Train operators claim that profit margins are falling, but Labour and unions argue that – especially as shareholders take out dividends of around £200m a year – returning the whole system to public ownership would spell lower fares. ...
Sports Direct chairman should keep his pledge and save some dignity image
Source : Guardian [Read Article] Thursday 5th of January 2017 07:44:34 PM
....“We expect our gross margin in the second half [of 2016] will have improved further,” said housebuilder Persimmon in its end-of-year update, without stating what the new figure will be. Here’s a guess: the profit margin was 23. ...
Cause for alarm at Next as Wolfson's policy shift betrays his pessimism image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:20:37 PM
.... First, the construction sector also reported the steepest rise in input costs since April 2011. Those inflationary breezes could yet spell trouble in the form of lower profit margins. ...
UK factories may be on a roll, but some words of caution are needed image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 12:34:41 PM
....Two factors will determine whether the resilience of the economy in the second half of 2016 continues into 2017. The first is the extent to which manufacturers and retailers absorb the impact of higher import costs in their profit margins rather than passing on the inflationary impact of a falling pound to consumers. ...
Why the UK economy could fare better in 2017 than forecasters predict image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:36:53 PM
....The government push could be complemented by the private sector if the adversity and higher costs sparked by the Brexit vote force firms to improve their productivity. With a slowdown in immigration and a rise in the minimum wage coming, employers will need to look beyond cheap labour to maintain their profit margins. ...
Sports Direct sells Dunlop for $137m image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:58:13 PM
....4p. The retailer’s profit margins have also been hit by the pound’s sharp decline since the Brexit vote. ...
Sainsbury's chief Mike Coupe stocks up for future image
Source : Guardian [Read Article] Thursday 22nd of December 2016 07:00:40 AM
.... “They are under pressure and it’s more challenging for them,” Coupe says. He says the major chains have all narrowed the price gap with Aldi and Lidl in the past year and, even where the gap hasn’t closed, the discounters have been forced to compress their already slim profit margins to maintain their price lead. ...
Wine choice angst? image
Source : BBC [Read Article] Tuesday 13th of December 2016 12:14:42 AM
....While Vivino can charge for its premium service, most apps generally are free, relying on income from advertising and marketing promotions. But Corkscrew believes its ability to help diners choose wines by the glass will prove attractive to restaurants, because the profit margins are higher for glasses than for whole bottles. ...
Toxic Trumpism may have one formidable foe: corporate America | Bakari T Sellers image
.... For many Americans, resisting the normalization of Trumpism includes distancing themselves from the brands that have a real or perceived affiliation with the president-elect. It’s no longer enough to simply try and provide products that consumers want while keeping profit margins as high as possible. ...
Will rents go up if unfair letting fees are banned? image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:01:49 AM
....The long boom in buy-to-let had made lettings a highly lucrative business – until now. London agency Foxtons says the profit margin on lettings is about 30%. ...
Amazon v Donald Trump? Jeff Bezos may soon face his biggest challenge yet image
Source : Guardian [Read Article] Friday 18th of November 2016 07:13:20 PM
.... Amazon’s tax policy is controversial and is already well-known around the world, including in Europe, where it agreed favourable tax arrangements with Luxembourg. Its profit margins are also notoriously thin. ...
SSE freezes standard tariff energy prices until April 2017 image
Source : BBC [Read Article] Friday 18th of November 2016 03:39:51 PM
....The news follows an announcement earlier this week by the Business Secretary, Greg Clark, that he would be investigating profits in the industry. That followed newspaper claims that energy firms might be enjoying larger profit margins than they have admitted. ...
Volkswagen to axe 30,000 jobs worldwide image
Source : Guardian [Read Article] Friday 18th of November 2016 11:32:17 AM
....“First Volkswagen is responding to the potential lawsuit tsunami heading its way from all over the world due to the emissions scandal, with $18bn of fines looming in the US alone. “Secondly, Volkswagen has fallen behind in terms of profit margin per vehicle against its rivals, even lagging behind Peugeot. ...
Volkswagen plans 30,000 job cuts worldwide image
Source : BBC [Read Article] Friday 18th of November 2016 09:39:10 AM
...."The VW brand needs a real shake-up and that is exactly what the future pact has turned out to be," he added. The car giant - which employs 610,000 people in 31 countries - wants to increase the brand's profit margin from 2% to 4% and to do this it will need to improve productivity at its German plants by 25%. ...
Nationwide profits hit by low interest rate environment image
Source : BBC [Read Article] Friday 18th of November 2016 08:26:19 AM
. Nationwide has reported a drop in half-year profits as low interest rates squeezed profit margins. ...
Greg Clark to meet energy firms over 'profiteering' claims image
Source : Guardian [Read Article] Monday 14th of November 2016 02:11:57 PM
.... Households on standard tariffs make up 70% of users despite lower rates on offer from shopping around. The figures suggest profit margins of up to 28% for British Gas, SSE, EDF, E. ...
Minister to investigate energy firms after profit claim image
Source : BBC [Read Article] Monday 14th of November 2016 09:13:47 AM
....The allegations were based on a report commissioned by Energy UK from accountancy firm PwC. According to the regulator, Ofgem, UK energy firms make a 4% profit margin on the price of a typical dual fuel bill. ...
UK trade deficit widens unexpectedly as exports fall despite pound drop image
Source : Guardian [Read Article] Wednesday 9th of November 2016 12:59:36 PM
....”. The Bank’s November report found that the weak pound was pushing up costs at UK firms, with profit margins lower than usual. ...
Sainsbury’s boss says suppliers should take hit over falling pound image
Source : Guardian [Read Article] Wednesday 9th of November 2016 09:08:09 AM
.... Now suppliers are demanding increased payment for their goods because of cost increases resulting from a 15% fall in the value of the pound against the dollar and the euro. Shares fell more than 6% on Wednesday, making Sainsbury’s the FTSE 100’s biggest faller, as the company revealed that profit margins remained under pressure after dipping 0. ...
Kellogg's cereal sales continue to slump image
Source : BBC [Read Article] Tuesday 1st of November 2016 01:14:11 PM
.... . These figures were boosted by lower one-off costs and higher profit margins and John Bryant, Kellogg Company's chairman and chief executive officer, said: "Our third quarter earnings exceeded our expectations, on the strength of good operating margin expansion and a favourable tax rate. ...
'Pre-reg' cars now widespread in UK image
Source : BBC [Read Article] Thursday 27th of October 2016 11:58:28 PM
....". One car dealer, who asked to remain anonymous, told the BBC he had become dependent on pre-registering cars as he had such narrow profit margins. ...
Whitbread lifted by Costa and Premier image
Source : BBC [Read Article] Tuesday 25th of October 2016 08:40:58 AM
....Costa's underlying operating profit fell 4% to £64. 6m and profit margins were down 1. ...
Nestle cuts growth forecast as food prices fall image
Source : BBC [Read Article] Thursday 20th of October 2016 07:17:46 AM
....Unilever is the UK's biggest producer of branded household goods, making products including Marmite and Pot Noodles. In a striking example of the battle between suppliers and retailers, both keen to maintain their profit margin, certain Unilever products were temporarily unavailable on Tesco's website after Unilever attempted to pass on its rising costs as higher wholesale prices. ...
Tesco and Unilever end price dispute image
Source : BBC [Read Article] Thursday 13th of October 2016 05:37:02 PM
....Unilever is the UK's biggest grocery manufacturer, but as many of its products are made outside the UK, it had argued it should be getting more. Supermarket profit margins have already been squeezed by a long-running price war as the big established retailers try to stem the loss of market share to discounters such as Lidl and Aldi. ...
Driver rights image
Source : BBC [Read Article] Wednesday 12th of October 2016 03:15:18 PM
....Luke Bowery, a partner at Burges Salmon agrees. "[Higher fares will] disrupt Uber's ability to offer a flexible and responsive service to its customers - potentially hitting at the heart of service delivery, as well as its profit margins," he says. ...
Less than one euro to the pound at many UK airports image
Source : BBC [Read Article] Monday 10th of October 2016 12:59:33 PM
....The firm's chief executive, Ian Strafford-Taylor, said many travellers would be shocked by the poor rates on offer. "Currency firms operating in airports are known to offer the worst exchange rates down to taking big profit margins and today are shockingly offering holidaymakers below one euro to the pound," he said. ...
Retailers warn government of Brexit price rises image
Source : BBC [Read Article] Monday 10th of October 2016 07:42:08 AM
....The fall in the value of the pound since the referendum, a trend that accelerated last week to leave the pound at its lowest against the dollar for 31 years and at five-year lows against the euro, already means any goods brought in from outside the UK will cost more. The BRC argues that prices have been squeezed so low that profit margins are too small to be eroded further. ...
Is it time to take profits from surge in equities? image
Source : Daily Express [Read Article] Sunday 9th of October 2016 11:12:00 AM
....The main reason for the FTSE resurgence is that the pound has fallen sharply since the referendum. Multinational FTSE 100 companies generate three quarters of their earnings overseas, and these are now worth more, once converted back into sterling, boosting profit margins. ...
FTSE 100 slides and pound remains under pressure image
Source : BBC [Read Article] Wednesday 5th of October 2016 07:15:43 AM
....The stand-out share movement in the FTSE 100 came from Tesco. Shares in the supermarket jumped nearly 10% after it reported a third consecutive quarter of rising sales and announced plans to lift its profit margins. ...
Sainsbury's sales slip as food prices continue to fall image
Source : BBC [Read Article] Wednesday 28th of September 2016 06:32:27 AM
...."But integrating the two firms will be time-consuming and distracting, and in the current environment Sainsbury's cannot afford to take its eye off its core grocery business, even for a second," he added. Earlier this week, discount rival Aldi showed it was not immune to the effects of the continuing price war, with low prices eating into its profit margins. ...
Majestic Wine shares dive on profit warning image
Source : BBC [Read Article] Wednesday 21st of September 2016 09:40:26 AM
.... The costs of this means the business will record a "small loss" in the current financial year after making a profit last year. Majestic said its commercial division failed to grow sales in the first half of the year, and profit margins fell. ...
FTSE 100 little changed on Wednesday image
Source : BBC [Read Article] Wednesday 21st of September 2016 08:10:41 AM
....Outside the FTSE 100, shares in Majestic Wine dived by nearly a quarter after it issued a profit warning. Majestic said profits would be lower than expected after a direct marketing campaign in the US failed to work, while profit margins had declined at its commercial business - which supplies wines to pubs and restaurants. ...
FTSE 100 hangs on to gains at close image
Source : BBC [Read Article] Wednesday 14th of September 2016 08:08:49 AM
....Shares in online grocer Ocado were down another 7. 5%, adding to Tuesday's 14% slump after it said intense competition was hitting profit margins. ...
FTSE 100 steady but Ocado shares hit by profit worries image
Source : BBC [Read Article] Tuesday 13th of September 2016 08:22:35 AM
. (Close): Shares in online grocer Ocado dived nearly 14% after it said intense competition was hitting profit margins. ...
Primark blames the weather for falling sales image
Source : BBC [Read Article] Monday 12th of September 2016 08:31:08 AM
....Including the effect of those new store openings, Primark expects sales to be 9% ahead of the previous year. The weakening of the pound has not so far affected Primark's results, but it warned that profit margins are likely to be hit next year. ...
The rise of Micro Focus image
Source : BBC [Read Article] Thursday 8th of September 2016 11:04:45 AM
...."For instance, Autonomy, which made up about 6% of HP's business will now make up over half of Micro Focus's business. But it is hoping it can take its profit margins from the 20-30% range up to 40% which is the average for Micro Focus's businesses. ...
Living wage has positive impact on care industry, research shows image
Source : Guardian [Read Article] Monday 29th of August 2016 11:01:14 PM
....When the statutory minimum of £7. 20 an hour for all workers aged 25 or over was announced – an increase of 50p on the previous floor – employers in social care warned that they would struggle to pay it on profit margins that were already low. ...
Energy suppliers' profits 'far too high for what they do' image
Source : Guardian [Read Article] Sunday 24th of July 2016 01:04:07 PM
....He told the Sunday Telegraph that it was appropriate for suppliers to make only £12. 50 on a £1,000 gas bill – equivalent to a profit margin of 1. ...
Buying a Howdens kitchen? Make sure what you’re quoted fits the bill image
Source : Guardian [Read Article] Saturday 16th of July 2016 06:00:04 AM
.... If and how our customer discloses the discount to clients is for them to decide when they give a quotation for the price of the project. “In some cases a builder may choose not to show any of the discount, but could include the fitting cost and their profit margin within this. ...
Going upwards image
Source : BBC [Read Article] Friday 15th of July 2016 09:19:02 PM
...."It is not certain we will see inflationary pressures passed on to customers," says the boss of Sainsbury's, Mike Coupe. But retailers' profit margins are so thin, this may not be possible, according to Andrew Stevens, of Verdict Research. ...
Samsung expects most profitable quarter in over two years image
Source : BBC [Read Article] Thursday 7th of July 2016 04:24:03 AM
....The global smartphone market has seen growth slow as users rein back on spending and replace or buy new devices. Chinese companies like Lenovo, Xiaomi and Oppo have also released cheaper handsets that have eaten into the profit margins of more established players like Apple, which posted its first quarterly revenue decline in 13 years in April. ...
It’s time to end the great letting agency rip-off in England and Wales image
.... Each one of the agents for Foxtons who spin around London in their Vauxhall Adams (those branded Minis are very last year) rake in an average revenue for their company of £113,000 a year. The profit margin on lettings at the company is a juicy 30%. ...
Go-Ahead Group slips £150m off track as rail giant halves profit margins forecast image
. Over £150million was wiped from the FTSE 250 company after it forecast that profit margins at Govia Thameslink Railway (GTR), part of a partnership with France’s Keolis in which it holds 65 per cent, would be nearer to 1. ...

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