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.... Its last reported accounts show the company had £19m in property assets and earned an income of £1. 9m, on which it made a profit of £1. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 05:00:32 AM
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....Lloyds, which rescued HBOS at the height of the financial crisis, has set aside a £100m pot for customers affected by the fraud, which took place between 2003 and 2007 at the hands of former HBOS Reading staff. The corrupt financiers were jailed earlier this year for the £245m loans scam which destroyed several businesses, before they squandered the profits on sex parties and luxury holidays. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 06:56:42 PM
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.... One suspects Neil Woodford’s fund and Invesco, long-standing investors with 19% stakes each, will be loyal. The £40m impairment charge hasn’t got worse since last month’s profits warning and the non-doorstep divisions, including the big Vanquis credit card operation, appear unaffected. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 06:27:23 PM
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....• The value of all goods and services produced - known as the output or production measure. • The value of the income generated from company profits and wages - known as the income measure. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 09:19:12 AM
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Latest Finance News related to Profit

UK GDP: economy grows by just 0.3% amid 'notable slowdown' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:19:12 AM
ITV clings to Love Island and Victoria as ad slump hits profits image
Source : Guardian [Read Article] Wednesday 26th of July 2017 07:15:31 AM
....The broadcaster said TV advertising slumped 8% to £769m in the first half of the year – the worst fall since the final quarter of 2008 – and blamed marketers for holding back budgets due to “ongoing economic and political uncertainty”. ITV’s pre-tax profits slumped 16% to £259m in the first six months of 2017. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... Its last reported accounts show the company had £19m in property assets and earned an income of £1. 9m, on which it made a profit of £1. ...
Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
....Lloyds, which rescued HBOS at the height of the financial crisis, has set aside a £100m pot for customers affected by the fraud, which took place between 2003 and 2007 at the hands of former HBOS Reading staff. The corrupt financiers were jailed earlier this year for the £245m loans scam which destroyed several businesses, before they squandered the profits on sex parties and luxury holidays. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
.... One suspects Neil Woodford’s fund and Invesco, long-standing investors with 19% stakes each, will be loyal. The £40m impairment charge hasn’t got worse since last month’s profits warning and the non-doorstep divisions, including the big Vanquis credit card operation, appear unaffected. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... Most did not. After the estate was finished, the developer would make a large profit by selling the freeholds on, typically for around £5,000 to £10,000 each, to the many companies keen to buy them for the valuable stream of income they offer. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
.... The company said that in response it launched its Controlled Substance Monitoring Program and that it shared details with the DEA. But Rannazzisi said the settlement paid by McKesson was a fraction of its profits and that it and the other distributors viewed it as little more than the cost of doing business and carried on as before. ...
The IMF is right to downgrade its forecast for the UK | Larry Elliott and Nils Pratley image
.... A similar tale was heard at easyJet last week. The group upgraded its profit forecast for the year after a strong Easter, but reported “continuing high market growth” in capacity, especially in Spain and Portugal, putting pressure on prices. ...
Tesco to extend same-day online delivery service across UK image
Source : Guardian [Read Article] Monday 24th of July 2017 03:24:21 PM
.... The acquisition is being viewed as a signal of intent by Amazon to wade into the grocery business. Tesco, along with the other established players, has also been hammered by the emergence of the German discounters Aldi and Lidl, whose entrance onto the grocery scene has sparked a bitter price war that has eroded profit margins. ...
Travellers are taking advantage of bag rules to avoid fees, says Ryanair image
.... A one-year-old’s cabin allowance can also account for up to 5kg of the family’s total packing, according to a Ryanair spokesman. The airline admitted its takings were falling as passengers looked to squeeze ever more into the cabin, although it made a healthy €443m (£396m) profit in the last three months. ...
Ryanair profits take off but airline reissues Brexit warning image
Source : Guardian [Read Article] Monday 24th of July 2017 08:55:10 AM
....Ryanair made £11. 40 profit from every passenger it carried in the three months to June – up more than £3 a head on the same time a year ago. ...
Price gap between best and worst energy tariffs widens to £109 on average image
.... Some, such as SSE, have lost hundreds of thousands of customers as a result. Hayden Wood, co-founder of Bulb, which has around 60,000 customers, said: “I’m disappointed that so many energy companies are still putting profits first and customers last. ...
Number of firms issuing profit warnings falls - but there may be worse to come image
. The number of UK companies issuing profit warnings fell sharply in the second quarter, but experts warned there could be worse to come. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
....Another option is to buy the property together, but this can backfire taxwise, he warns:. “If your name is on the property title it may be treated as a second home purchase, which means you incur the 3 per cent stamp duty surcharge, and may be liable to pay capital gains tax (CGT) on any sale profit. ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
.... US retailers are belatedly waking up to that threat as their shoppers are about five years behind that spending curve. But UK retail has its own problems, owing to the squeeze on profit margins created by the recent rise in business rates and the increase in the legal minimum wage for over-25s. ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....24 for our £100 when collecting at Gatwick. Unfortunately, you can’t shop around at the airport – currency operators make huge profits by offering a sole concession, nearly always Moneycorp or Travelex. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
....Christine JamesGrange-over-Sands, Cumbria. • As far as the 10% pension premium linked to public sector pay (which Philip Hammond refers to as the clinching evidence of public sector privilege) is concerned, the butt of the criticism should be the private sector itself – for allowing the bosses to cream off profits at the expense of the future wellbeing of their workforce and readily changing, reducing or cancelling the terms and conditions of private sector pensions (as with the end of final salary schemes), usually, in recent years, with governmental support or at least tacit approval. ...
Boots apologises over morning-after pill pricing row image
Source : Guardian [Read Article] Friday 21st of July 2017 01:34:17 PM
....“Many women will need to buy these pills over the counter, and it is irresponsible and exploitative for retailers to charge over the odds for them . Boots’ approach to this concern is indicative of a society that prioritises profit over women’s health and wellbeing,” Walker said. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
....The residents of this mixed council and private estate have lived the past five years with the reality of outsourced housing provision. Their experience demonstrates what can happen when council property is turned over to a private contractor without sufficient oversight and accountability, when profit is prioritised over the welfare of tenants. ...
Boots faces boycott over refusal to lower cost of morning-after pill image
Source : Guardian [Read Article] Thursday 20th of July 2017 07:02:23 PM
....She said: “Many women will need to buy these pills over the counter, and it is irresponsible and exploitative for retailers to charge over the odds for them . Boots’ approach to this concern is indicative of a society that prioritises profit over women’s health and wellbeing. ...
The promise of a new era at Sports Direct must also mean new personnel image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:48:36 PM
....Look, he’s finally hired a permanent finance director, one Jon Kempster, after three years of stand-ins. Following a year in which profits fell almost 60%, Ashley is also making an investor-pleasing forecast of improvements in the pipeline: top-line earnings are predicted to improve 5-15% this year. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
.... Sales jumped nearly 30% to £89. 8m in the year to 31 March while operating profit increased 44% to £10. ...
French-Dutch culture clash revealed in leaked Air France-KLM report image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:07:14 AM
....The embarrassing insight into the company emerged after a French and a Dutch researcher spoke to nearly 50 managers at the airline, which was formed 13 years ago through the merger of its constituent airlines. “The French have the impression that the Dutch think only of money and are always ready to fight for profit. ...
It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
....I visit company AGMs to watch their CEOs’ one-day squirm at trying to justify monstrously unjustified rewards. Share price, productivity and profits can all sink, yet their pay still rises inexorably. ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
.... But in 1911, the US government succeeded in its efforts to break up the monopoly, and the American tobacco giant RJ Reynolds, as well as British American Tobacco, were born out of American Tobacco Company’s dissolution. Today, though smoking hasn’t retained the glamor it had in the 1960s, tobacco companies have remained profitable. ...
We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
.... In the round, there was nothing to scare investors. The ambition to achieve annual top-line profits of £425m by 2025 still looks credible. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....But carbon capture in the UK never took off, and the EU’s large combustion plant directive, designed to tackle air pollutants, killed off several ageing plants between 2012 and 2015. Then in 2015 came the ratcheting up of the UK’s carbon tax, which overnight made profitable plants loss-making and led to the three plants shutting last year, including Scotland’s last coal power station, Longannet. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
.... HSBC has warned it could move 1,000 staff from London to Paris. Morgan Stanley’s imminent move of key roles to Frankfurt came as it beat Wall Street’s profit expectations, reporting gains across most of its businesses and, unusually, producing more trading revenue than rival Goldman Sachs. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....Drax Group, which runs a coal and biomass plant in North Yorkshire, boosted its earnings to £121m from £70m last year, due to its acquisition of the business energy supplier Opus Energy. However, the power group made a pre-tax loss compared with the £184m profit in the first half of 2016, because of depreciation of its coal assets after the government set a target of phasing out use of the fossil fuel for power generation by 2025 and a £65m loss from currency hedging. ...
End of the 'rip-off': all charges for paying by card to be banned image
Source : Guardian [Read Article] Tuesday 18th of July 2017 11:01:04 PM
....65%. Both councils said they did not profit from these fees. ...
Peak car? Driverless technology may actually accelerate car ownership image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:00:12 AM
.... Yet, in the UK tightly integrated mobility systems are sparse, especially outside central London. Car-sharing is often more competitor than complement to public transport, which reflects a wider post-privatisation culture of transport service provision characterised by competition, short-term profitability and distrust of other players. ...
The scandal of big tobacco’s behaviour in the developing world | Letters image
.... Two of the world’s largest tobacco companies are based in the UK. Both continue to perform strongly and are confident about their future performances, especially as markets are growing in lower income countries where there is tremendous potential for profit. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....Lady Brady takes over as chair at a tricky time for the business as it attempts to bounce back from the collapse of BHS, which was a key outlet for Arcadia brands. Pre-tax profits for the Arcadia group, which also includes Evans, Burton and Wallis, slumped to £37m in the year to 27 August 2016, compared with £1727m the year before. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
....4bn to design and build the North Portal Chiltern tunnels to Brackley and the Brackley to Long Itchington Wood Green tunnel South Portal. The troubled construction company’s share price crashed 70% last week after it issued a profit warning and announced the departure of its chief executive. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....5m to cover the cost of unvested bonus and long-term incentive share plan awards she had to forfeit leaving easJet. McCall said she already missed easyJet – which suffered a share price slump and sharp fall in profits last year, its first decline in six years, and is due to open a European HQ to operate EU flights post-Brexit – but said the ITV opportunity “felt like the right one to take”. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....6%. Justin Cooper, a spokesman for Capita Asset Services, said: “Shareholders can be thankful they had punchy special dividends and the weak pound in their corner, but improving profits have also played their part. ...
Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
.... The House’s job now is to ensure that undertaking is honoured in any subsequent legislation. If gig companies are required by law always to abide by the minimum wage, even if that means a loss in flexibility, they will need to regulate the supply of labour or pay from their profits the minimum wage when there is not the level of demand to pay all workers at that rate. ...
Cracking a joke about Wimbledon’s dress code | Brief letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:35:55 PM
....4m. This is a company that was rewarded with a £100m profit last year, so not a particularly onerous sanction. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
....Another explanation is that the smart people running companies know what they are doing, and are simply waiting for the right moment to invest in the fourth industrial revolution. This is not entirely convincing either, since one of the core principles of investing is that the biggest profits are reserved for those who seize the opportunities first. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
....“It’s clear that inflation is beginning to affect shopping habits too, with consumers diverting their spending to essentials,” said Kevin Jenkins, UK & Ireland managing director at Visa. Last month sofa retailer DFS issued a surprise profit warning, blaming falling consumer confidence for a slump in the number of visitors to its stores. ...
JP Morgan chief blasts US dysfunction: 'It's almost an embarrassment being American' image
. JP Morgan just had the most profitable 12 months ever for a US bank – but it wasn’t enough for Jamie Dimon, the bank’s boss. ...
Tesco takes the cherry as bumper British crop leads to lower prices image
Source : Guardian [Read Article] Friday 14th of July 2017 01:29:38 PM
....”. He said that cherry prices had not risen in line with other fruits, meaning that wholesalers were “turning over more money” with increased orders, but not necessarily making more profits. ...
Jeremy Clarkson TV firm made £8m profit after Amazon's Grand Tour image
Source : Guardian [Read Article] Friday 14th of July 2017 10:09:41 AM
. The TV company set up by Jeremy Clarkson and his fellow former Top Gear hosts has made more than £8m in profits following the first season of their big budget Amazon show The Grand Tour. ...
EasyJet to set up Austrian HQ to operate EU flights after Brexit image
Source : Guardian [Read Article] Friday 14th of July 2017 09:31:48 AM
.... Without the Austrian licence, easyJet would be unable to continue flights between other EU countries. The restructuring of the business, which will involve the re-registering of 110 aircraft under Austrian jurisdiction, is expected to cost at least £10m – although the overall costs of Brexit to the airline have run much higher, with currency devaluation alone hitting profits by £88m in 2016 and £82m in the first half of this year. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
....The new mayor for Greater Manchester, Andy Burnham, wants to change the way the housing fund works. “I think it has favoured a building model of build-to-rent, rather than building truly affordable housing and more not-for-profit development,” he said. ...
Uber’s practices are morally unacceptable – but a boycott won’t help | Hannah Lownsbrough image
....Uber’s wrongdoing doesn’t stop at the door of its corporate headquarters. Just as pernicious is the corporation’s extremely profitable model of “employment”. ...
Uber stages retreat in Russia as it merges with rival Yandex image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:12:55 AM
....The deal has echoes of Uber’s previous moves in China, where the company sold its operations wholesale to native ride-sharing firm Didi last year. Although the company realised a substantial profit on its investment, and now holds a stake in Didi potentially worth more than $8bn, it was widely seen as an embarrassing climbdown, and an admission that it was unable to throw money at endless price wars in some of the world’s larger emerging markets. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
....Meetings through Saturday and Sunday produced an 800-word statement to the stock exchange, which shocked the City when it was released at 7am on Monday morning. It was a monster profit warning following an £845m writedown, of which £375m related to three large public private partnership (PPP) contracts in the UK and £470m to the cost of pulling out of several markets in the Middle East and Canada. ...
Electric cars will fuel huge demand for power, says National Grid image
Source : Guardian [Read Article] Thursday 13th of July 2017 04:30:44 AM
....National Grid did not take a view on the costs of the scenarios in the report, which was published just a day after a consumer group accused energy networks, including National Grid, of earning £7. 5bn in unjustified profits over an eight-year period. ...
The rehabilitation of RBS is painful, costly – and nowhere near over | Nils Pratley image
.... Then RBS has to pass this year’s stress tests on banks’ capital buffers at a time when regulators are in a fretful mood. And the bank has to make a profit, which we already know won’t happen this year. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....McEwan said the settlement with the FHFA was a “good step forward” but did not solve all the barriers facing the bank’s ability to start paying dividends for the first time in a decade. The bank also needs to make a profit – McEwan has already warned that the bank is course to report 10 years of consecutive annual losses since its £45bn bailout – and pass its annual stress test from the Bank of England. ...
Threats, bullying, lawsuits: tobacco industry's dirty war for the African market image
.... It is fighting restrictions that are now commonplace in richer countries, including the expansion of health warnings on packets and point-of-sale displays, arguing that they unfairly restrict its trade. The court actions are brought by BAT’s local affiliates, BAT Kenya and BAT Uganda, but approved at Globe House, the London headquarters of the multinational, which receives most of the profits from the African trade. ...
Energy networks' £7.5bn windfall 'should be returned to consumers' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....Energy networks have been accused of exploiting UK consumers to enjoy a £7. 5bn windfall of unjustified “sky high” profits, and urged to return the money in the form of a one-off £285 rebate to every household. ...
Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley image
....5%, a ratio one might associate with a company with strong long-term growth prospects. Pearson, by contrast, has produced a string of profits warnings and that same January statement binned the old earnings target for 2018. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....”. Rowe is seeking to revive the 132-year-old retailer’s declining profits. ...
Gig economy workers on their jobs: 'They do exercise control over us' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:57:45 AM
.... You are subject to their whim,” he says. As a self-employed driver for UK Express, the driver’s weekly earnings varied widely – from a loss of £200 to a profit of £1,200 in his best ever week. ...
Pearson sells slice of Penguin for $1bn image
Source : Guardian [Read Article] Tuesday 11th of July 2017 08:07:44 AM
....75bn). Pearson put its holding in PRH up for sale in January after issuing a string of profit warnings in its educational publishing business, and has sold the stake to partner Bertelsmann. ...
Indie brewers fight back in bitter row over beer brands' craft credentials image
....Camden Town Brewery founder Jasper Cuppaidge has disputed that notion, telling the Guardian that the product could remain unsullied, an autonomous fiefdom within the AB InBev empire. But Hawke does not believe that any business annexed by a global brewing empire can resist pressure to compromise quality and innovation in search of profit. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
....Solid neoliberals all, they see all growth as good, especially for their bottom line. They include the banks and financial sector, real estate developers, the housing industry, major retailers, the media and other major players for whom an endless increase in customers is possible and profitable. ...
British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....“If this apology was to be taken seriously, the company would fully disclose all dealings with the Gupta family and President Jacob Zuma,” said the DA’s Phumzile van Damme. “More pertinently, they would commit to using all profits obtained from Gupta business deals to investing in building schools or any developmental non-government organisations in SA. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
....He outlined a number of practices that the regulator had uncovered, including borrowing that did not appear on banks’ balance sheets – through the use of so-called off-balance sheet vehicles. He also highlighted technicalities around the way banks handle assets that are easy to sell in a crisis – so-called liquid assets – and the way insurance products could be amended to bolster profits. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
....Never trust a construction contractor. Whatever they say about their prudent approach to risk and the watertight nature of their contracts, it only takes a few mistakes to wreck a balance sheet in an industry that runs on thin profit margins. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....Anderson Group’s links to the mini companies in the scheme include Companies House filings showing:. Anderson repeatedly declined to answer the Guardian’s questions about the links to MyPSU and the mini companies – or how monies accrued via a small business VAT scheme were treated as its own profits. ...
Private parking firm and debt collectors hound DISABLED Blue Badge patient image
Source : Daily Express [Read Article] Monday 10th of July 2017 10:01:00 AM
....The size of the charge swelled though, as vague legal fees where piled on, taking it from £60 to almost £250. “In the end there was an inhumanity about the process,” says Roy as he observed: “But someone must be making a good profit out of it, otherwise why would they carry on so relentlessly?”  . ...
Carillion boss steps down as shares crash 40% image
Source : Guardian [Read Article] Monday 10th of July 2017 09:40:51 AM
. The chief executive of construction and support services company Carillion has stepped down as the firm warned on profits and scrapped its dividend following a Brexit-related slowdown in orders, news which sent its shares plunging almost 40%. ...
Driver complaints about car park fine policies hit unprecedented levels image
.... Visitors to supermarkets, hospitals, airports and shopping malls have received demands for sums of up to three figures despite paying, because of misleading signs or a minor typo. Citizens Advice Scotland reports that complaints about “over zealous” charges have reached an unprecedented level as companies seek to maximise profits. ...
Is a car maker about to save the planet? | Zoe Williams image
Source : Guardian [Read Article] Monday 10th of July 2017 05:00:05 AM
.... This will be annoying for Toyota, but the Prius has had a good run. The car industry is always taught as a classic in the MBA model of business behaviour: it seeks to make a profit, and does so. ...
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
....The former investment banker will retire in September at a tumultuous time for the retailer. In May, the retailer reported a drop in profits of almost two-thirds at the same time as a turnaround plan by chief executive Steve Rowe brought in a bill of more than £400m in restructuring costs. ...
London mayor blasts council over cut to affordable homes in Battersea revamp image
....Citing rising costs and other factors, including Brexit-induced economic uncertainty, which has disrupted the luxury homes market, the developers say they expect to achieve less than half of the original returns. However, the project headed by a Malaysian-led consortium is on course to make profits of £1. ...
Homebuyers desperate to know who really owns their freehold image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... Its last reported accounts show that the company had £19m in property assets and earned an income of £1. 9m, on which it made a profit of £1. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....1m represents less than 3% of the company’s total revenue for the year, which was £740m. The firm seems to be thriving financially: adjusted pre-tax profits leapt 9% to £53. ...

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