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....And if you look at the continuing performance of the business, the Mr Men method appears to work rather well. Timpson, a household name in the UK and the Republic of Ireland, saw sales rise 8% to £130m in the year to September 2015, with pre-tax profits up 65% to £10. ... [Read full article on BBC ]
Sunday 23rd of April 2017 11:03:35 PM
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....The company which bears Sir Arnold's name has 200 dealerships across the UK, with more than 18,000 new and used cars in stock. It posted profits of £107. ... [Read full article on BBC ]
Monday 10th of April 2017 11:10:30 AM
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....Mr Page and Mr Brin quickly attracted investors, and Google went from student project to private company. It is now among the world's biggest, bringing in profits by the tens of billions. ... [Read full article on BBC ]
Sunday 26th of March 2017 11:09:18 PM
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....5% stake in Tesco, has warned that Booker is an expensive option. "Booker is a business that has been doing extremely well, its profits have been growing very quickly and profit margins have been expanding rapidly," Mr Kirrage said. ... [Read full article on BBC ]
Monday 27th of March 2017 06:47:15 PM
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.... HSBC is expected to move significant numbers of employees to Paris. Lloyd's of London also announced it had made a profit of £2. ... [Read full article on BBC ]
Thursday 30th of March 2017 06:28:20 AM
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.... . An accounting scandal, uncovered in 2015, led to the resignation of several members of the firm's senior management, including the chief executive, after the company was found to have inflated the previous seven years' profits by $1. ... [Read full article on BBC ]
Tuesday 11th of April 2017 08:33:57 AM
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.... . Or how about Nespresso? Nestle profits not from selling the machine, but the coffee pods. ... [Read full article on BBC ]
Sunday 9th of April 2017 11:18:58 PM
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....According to the trade group's quarterly economic survey, both manufacturing and services firms reported "solid growth" in their businesses in first three months of the year, with domestic and export sales up since the previous quarter. It also found "confidence in turnover and profitability is improving", and that some 86% of manufacturing firms, up from 77% in the last quarter, and 59% of services companies, up from 53%, wanted to find new recruits. ... [Read full article on BBC ]
Thursday 13th of April 2017 01:07:25 AM
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.... . In February, Lloyds reported its highest annual profit in a decade, helped by a reduction in payment protection insurance provisions. ... [Read full article on BBC ]
Friday 21st of April 2017 05:01:52 PM
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....The bank has racked up losses of more than £50bn since the government bailout. Chief executive Ross McEwan said in Feburary he expected RBS to return to profit by the end of 2018. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:01:26 PM
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. Tesco has agreed to pay a fine of £129m to avoid prosecution for overstating its profits in 2014. ... [Read full article on BBC ]
Tuesday 28th of March 2017 06:35:26 AM
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...."Engaged employees lead not only to better corporate performance, but also significant cost savings through stronger retention and more targeted recruitment based on cultural appreciation," she says. Richard Craig, chief executive of the Technology Trust, which helps charitable organisations use tech more effectively, says: "Over the last couple of years there has been a noticeable trend in graduates specifically looking for roles in charities and non-profits who might previously have looked to careers in the City, for example. ... [Read full article on BBC ]
Monday 10th of April 2017 11:19:56 PM
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.... Amid a barrage of criticism in the first few months of 2017, Uber decided to play nice with regulators and acquired the necessary permit in March. “Uber accepts regulations when those regulations don’t undermine the company’s profitability and interfere with the company’s bottom line,” said Suleiman. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 03:19:57 PM
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.... Mr Fitzgerald was formerly chief executive of Galliford Try and left the firm in 2014. The previous chief executive of Bovis, David Ritchie, stepped down in January, less than two weeks after the company warned of disappointing profits. ... [Read full article on BBC ]
Wednesday 5th of April 2017 07:38:06 AM
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....The regulator defines someone as being in credit card debt if they have paid more in interest and charges than they have repaid of their borrowing over an 18-month period. The FCA says that "customers in persistent debt are profitable for credit card firms, who do not routinely intervene to help them". ... [Read full article on BBC ]
Monday 3rd of April 2017 06:53:47 AM
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. Early investors in “punk” beer firm BrewDog will be able to bank a hefty profit this week. ... [Read full article on Guardian ]
Sunday 9th of April 2017 01:40:17 PM
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....“The message is clear,” May said. “We are making it harder than ever for corrupt regimes or individuals around the world to move, hide and profit from the proceeds of their crime. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 05:00:26 AM
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....A central distribution warehouse and about 10 smaller warehouses could also be shut. Meanwhile, the group said its half-year pre-tax profits fell by 6. ... [Read full article on BBC ]
Thursday 20th of April 2017 07:21:02 AM
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....3bn (£1. 85bn) in profit last year, isn't alone in the PR disasters club. ... [Read full article on BBC ]
Tuesday 11th of April 2017 09:03:55 AM
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....BrewDog grew rapidly from its founding in Fraserburgh in 2007, with a £20,000 bank loan, and opened its first pub in Aberdeen in 2010. It had revenues of £71m last year and returned a pre-tax profit of more than £7m. ... [Read full article on BBC ]
Sunday 9th of April 2017 02:08:58 PM
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....“I don’t think economies should be built on inflated numbers, and I think it’s kind of ridiculous that everybody relies on this inflated number in their bank account when it’s definitely not there … bitcoin and other cryptocurrencies are making it so that we are our own banks, and that’s one less things we have to worry about. ” Gibson owns two companies in China, and as far as possible uses bitcoin for all his daily expenses, converting the personal profits he makes into bitcoin to avoid using banks. ... [Read full article on Guardian ]
Tuesday 11th of April 2017 06:00:21 AM
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....3% of the market. While its share price may be soaring, there are roadblocks to Tesla’s further success – including the fact that the company has never made a profit – but the stock benefits from enthusiasm for the manufacturer’s design-conscious approach to electric vehicles and its emphasis on futuristic automating software, such as Autopilot and Summon. ... [Read full article on Guardian ]
Monday 10th of April 2017 04:37:58 PM
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.... Sales rose 45% year-on-year to £2. 5bn for 2016 while underlying profits rose 41% to £631m. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:00:00 AM
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....The US search engine giant recorded sales of £1. 03bn and a pre-tax profit of £149m in the UK for the 12 months to the end of June 2016. ... [Read full article on BBC ]
Friday 31st of March 2017 02:19:00 PM
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....Also learning to live with type 1 diabetes, she and her husband travelled around the Caribbean, Vietnam and Thailand for six months. Upon returning to the UK Karen applied for and got a job as marketing director at Belu, the UK's first carbon-neutral bottled water firm and a social enterprise that gives all its profits to charity. ... [Read full article on BBC ]
Sunday 9th of April 2017 11:11:43 PM
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.... It feels like a goading move,” said the source. While a cap would dent the big companies’ profit margins per customer, they would still have certainty on their return. ... [Read full article on Guardian ]
Monday 17th of April 2017 03:43:01 PM
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....The Co-op Group has reported its first annual loss since 2013 after declaring that its stake in Co-operative Bank is worth nothing. Co-op Group reported a pre-tax loss of £132m for 2016, a sharp deterioration on the previous year's profit of £23m. ... [Read full article on BBC ]
Thursday 6th of April 2017 06:27:53 AM
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....The ONS will work with universities, governments, charities and businesses on developing its use of data. At the opening on Monday, data scientists and apprentices at the new campus will hear from the non-profit foundation Flowminder about how it uses satellite images and mobile phone data to map populations and track migration. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:01:00 AM
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....As Brian Davidson of the US’s Fathom consultancy has pointed out, the Chinese leadership is keen to avoid the social and political unrest a trade war with the US would inevitably bring. Beijing’s willingness to pump the economy full of credit to finance unprofitable investment demonstrates its determination to avoid a sharp rise in unemployment. ... [Read full article on Guardian ]
Sunday 9th of April 2017 06:00:00 AM
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.... . Endless bought the profitable parts of the business under a "pre-pack" administration deal. ... [Read full article on BBC ]
Sunday 26th of March 2017 08:32:32 AM
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Latest Finance News related to Profit

Foster + Partners plans redundancies after Brexit uncertainty image
Source : Guardian [Read Article] Monday 24th of April 2017 03:20:53 PM
....The company’s last big round of redundancies was in 2009 at the height of the financial crisis, when it cut about 300 jobs globally and closed offices in Berlin and Istanbul. While the firm’s turnover rose from £188m in 2015 to £225m in 2016, its full-year pre-tax profits dropped from £51. ...
Toy-maker Hasbro revenues boosted by Monopoly sales image
Source : BBC [Read Article] Monday 24th of April 2017 03:00:22 PM
.... . Executives said the decline in operating profit was due to higher expenses, a shift in product mix, and falling revenue from the Magic: The Gathering products. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
....But the founder of one of the market’s smaller suppliers said the big players had only themselves to blame, by overcharging loyal customers. “We hear the big six bleating that they barely make a profit. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
.... It runs 150 stores around the world, opening 10 last year as well as refitting 16 shops. It recently reported operating profits of £42. ...
'You're hired Mr Happy' image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:03:35 PM
....And if you look at the continuing performance of the business, the Mr Men method appears to work rather well. Timpson, a household name in the UK and the Republic of Ireland, saw sales rise 8% to £130m in the year to September 2015, with pre-tax profits up 65% to £10. ...
French elections: Euro and shares jump after vote image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:16:09 PM
...."Clearly investors are happy with the result as a 'Frexit' seems to be off the table," said Neil Wilson, an analyst at ETX Capital in London. "But watch for the risks to return - if Le Pen starts polling in the 40%+ bracket we will see nerves creep back in and some of these big lurches higher could be dialled back as profits are taken and investors reprice risk. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
.... Comparison sites are, unsurprisingly, not happy, and argue previous intervention has led to lower switching rates and higher prices. With the energy companies’ profit margins under pressure, the cheapest, fixed deals on the market will clearly go up to compensate for the losses imposed by a cap. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
....In other words, there should be no desire to return to the pre-2007 growth because that would suggest another colossal bust was just around the corner. It should be a cause for concern, not celebration, that China’s recent growth has relied so heavily on a credit binge that has financed infrastructure that is not really needed and factories that don’t make a profit. ...
General election 2017: Tories to pledge energy bill cap image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:10:39 AM
....Mr Gwynne, the national elections and campaign coordinator in the shadow cabinet, said: "Time and again [the Tories] promised action, but when it comes to it, they broke those promises. "At the last election when Labour promised action, the Tories opposed it, putting themselves on the side of protecting the big energy companies' profits rather than the interests of working people. ...
Company profit warnings increase on previous quarter image
Source : BBC [Read Article] Sunday 23rd of April 2017 08:23:22 AM
. The number of profit warnings posted by publicly listed companies reached 75 in the first quarter of 2017, according to business consultants EY. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Yet the Yorkshire building society example - and there are reports Santander will soon follow suit – must be a signal that trouble lies ahead. If nothing else, ultra-low mortgage rates put a squeeze on bank profits and make them more vulnerable to shocks when they come. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
.... . In February, Lloyds reported its highest annual profit in a decade, helped by a reduction in payment protection insurance provisions. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
.... António Horta-Osório, the bank’s chief executive, said it was a “moment of huge pride for all of us at Lloyds” that the government could say it has already reclaimed its money. Even so, it has taken much longer than expected during the financial crisis and has only been possible because Hammond was able to sanction the recent sales at a loss because of profits made from earlier transactions when the share price was higher. ...
Dortmund attack: man arrested on suspicion of share-dealing plot image
Source : Guardian [Read Article] Friday 21st of April 2017 04:36:02 PM
....In the end, their investigations led them to an entirely new category of extremism: terror fuelled by financial greed. On Friday, German police arrested a 28-year-old German-Russian national on suspicion of having carried out the explosives attack on Dortmund’s team bus in order to collapse the club’s share price so he could profit from stock market speculation. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
.... This may be a step too far,” they said. Sports Direct issued a profit warning in December after a slide in sterling’s value made it more costly for the firm to source its branded goods from Asia. ...
Borussia Dortmund bombs: Part of an elaborate scam? image
Source : BBC [Read Article] Friday 21st of April 2017 11:10:46 AM
....There are several ways a trader could have made money in this instance. The process used in Casino Royale is known as "short selling", and is basically when traders bet on a share price falling to make a quick profit. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
....He said exports had risen "despite repeated Chinese claims that they were going to reduce their steel capacity". "The artificially low prices caused by excess capacity and unfairly-traded imports suppress profits in the American steel industry," the administration said in a statement. ...
Borussia Dortmund bombs: 'Speculator' charged with bus attack image
Source : BBC [Read Article] Friday 21st of April 2017 06:59:39 AM
.... . He would have made large profits if the team's share price collapsed. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....The climate change and industry minister, Nick Hurd, said the sale had been backed by the GIB’s independent board, and ensured that the £1. 5bn taxpayer investment had been recouped with a £200m profit. ...
BMW profits boosted by Intel map investment image
Source : BBC [Read Article] Thursday 20th of April 2017 12:56:17 PM
. BMW's first quarter profits rose more than expected after the value of its stake in the mapping service Here was boosted by an investment by Intel. ...
Sir David Attenborough to become 3D hologram for Sky VR documentary image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:15:04 AM
....Sky has a separate existing deal to exclusively air HBO programming, such as Billions and Game of Thrones, which runs until 2020. Sky reported an 11% decline in operating profits to £1bn in the nine months to the end of March. ...
Green Investment Bank sold to Australian firm Macquarie image
Source : BBC [Read Article] Thursday 20th of April 2017 09:25:36 AM
....Although all the shares are transferring, the government is appointing independent trustees with the power to ensure it continues to have an environmental mission. UK Climate Change and Industry Minister Nick Hurd, who signed the deal on Wednesday, said the government had turned a profit on the deal. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
.... To cut costs, Debenhams is shutting one of its three main warehouses, in Lodge Farm, Northamptonshire, which employs 220 people, as well as 10 smaller warehouses, all run by the logistics company DHL. The update came as Debenhams posted a pre-tax profit of £87. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
....That number was hurt by the impact of currency fluctuation and sale of an ice cream business. KitKat maker Nestle misses forecasts as profit falls. ...
Sky announces HBO co-production deal image
Source : BBC [Read Article] Thursday 20th of April 2017 07:23:20 AM
....That news was released along with Sky's results for the nine months to April. It reported an 11% fall in operating profit to a little over £1bn. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
....A central distribution warehouse and about 10 smaller warehouses could also be shut. Meanwhile, the group said its half-year pre-tax profits fell by 6. ...
Premier League revenues soar but clubs still make a loss image
Source : BBC [Read Article] Wednesday 19th of April 2017 11:05:23 PM
....Premier League clubs posted record revenues of £3. 6bn in 2015-16, but still struggled to make a profit. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
....Clark will also have to explain the basis on which he will set a standard tariff. One way would be to order Ofgem to construct a pricing model that takes account of reasonable overheads, makes a few assumptions about wholesale purchasing contracts and then allows a small profit margin for the supplier. ...
Brexit’s unpredictable outcome poses risk to global stability, says IMF image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:30:21 PM
....It said the economic recovery in the eurozone would not be sufficient to solve the problems of its “persistently weak” banks. “System-wide headwinds are a problem not only within countries but can also affect the profitability of large, systemically important banks in Europe. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
. Morgan Stanley profits rose sharply in the first quarter as the Wall Street giant became the latest bank to see growth in the period. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
. Food-to-fashion group Associated British Foods (ABF) has reported a leap in first-half profits, driven by a recovery at its sugar businesses and continued growth at its Primark chain. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
....The bank has racked up losses of more than £50bn since the government bailout. Chief executive Ross McEwan said in Feburary he expected RBS to return to profit by the end of 2018. ...
Next slashes Wolfson's pay by half after profits slide image
Source : BBC [Read Article] Tuesday 18th of April 2017 06:35:51 PM
. Next has slashed its chief executive's pay package by more than half after the retailer's profits fell for the first time in eight years. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
....More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. Most multinationals listed on the London stock exchange earn the majority of their profits in dollars, which have been worth more due to sterling’s decline in the wake of the EU vote. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
....3m total pay package. Total remuneration for Next’s board almost halved as all directors missed out on their annual bonus after a failure to stock enough wardrobe staples contributed to the chain’s first drop in annual profits for eight years. ...
Trump order to target foreign worker visa programme image
Source : BBC [Read Article] Tuesday 18th of April 2017 03:26:13 PM
....8bn of revenue. And if they are forced to recruit employees from the US - which would lead to higher costs - then that would affect their profitability in the long term. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
. Two major US banks have reported increased profits for the first quarter of the year, amid higher interest rates and an energy sector rebound. ...
Overbooked seats: it’s a bad way for airlines to do business | Letters image
.... He overlooks the simple fact that airlines would not suffer a surfeit of passengers if they could resist the temptation to sell seats twice. This does not happen at the sports stadium, theatre, concert or restaurant – all of which manage to make a profit regardless. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
.... It feels like a goading move,” said the source. While a cap would dent the big companies’ profit margins per customer, they would still have certainty on their return. ...
Ticketmaster accused of not doing enough to thwart touts image
Source : Guardian [Read Article] Monday 17th of April 2017 12:55:39 PM
....The disclaimer adds that if Ticketmaster spots the same person buying multiple batches of tickets, it has the right to cancel them without notice. Music fans’ group FanFair Alliance questioned the firm’s commitment to stopping touts, given that its own subsidiary resale firms stand to profit from sales by people who have circumvented the limits. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....And why wouldn’t they? Plenty of mainstream economists express the same concerns, including policymakers at the Bank of England, the International Monetary Fund, the OECD and the World Bank. After several years of year-on-year growth, runs the argument, higher interest rates will deter banks, insurers and even hedge funds and private equity funds from taking excessive risks to improve their profits. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
....For now, Musk and his team have built up enough investor goodwill to buy him time to follow through his vision. Tesla narrowly missed its target of delivering 80,000 vehicles last year and has only reported two profitable quarters in its brief history. ...
Netflix nudges 100m subscribers but what next for the streaming giant? image
Source : Guardian [Read Article] Saturday 15th of April 2017 09:00:21 AM
.... The business goes from strength to strength financially, with revenues of $8. 8bn (£7bn) last year and profits of $186. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....If you’re particularly successful, you can cash in your chips by selling to a global mega-brewer, like Camden and Meantime, or make a cool £100m by wooing a private equity backer, as the founders of BrewDog did earlier this month. Success stories like these have fostered an explosion in the number of micro-brewery startups, whether they do it for profit or sheer passion. ...
Meet the ‘fix-perts’, an army of experts determined to get Britain on the mend image
.... Yet many of those items – as well as wonky bits of furniture – suffer a premature death that could be avoided with a simple repair. Trouble is, most householders have no confidence in their ability to fix things, and have been (profitably) trained to dispose of goods and buy new. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
. Testimony released by the Brazilian Supreme Court alleges that builders and politicians illegally profited from the construction of stadiums used in the 2014 football World Cup. ...
Let’s move to Crediton, Devon: ‘Its day will come again’ image
Source : Guardian [Read Article] Friday 14th of April 2017 03:30:00 PM
.... Then it was all Exeter, Exeter, Exeter for the next millennium and a bit. Still, Crediton continued to thrive on wool and milk, splurging the profits on conspicuous consumption like beautiful town houses and the fabulous Church of the Holy Cross, a cathedral in all but name, to thumb a nose at its upstart neighbour. ...
Credit Suisse bosses slash bonuses 40 percent image
Source : Guardian [Read Article] Friday 14th of April 2017 03:10:01 PM
....Thomas Minder, a Swiss politician who has led a revolt against excessive executive pay in the country, said the scale of proposed bonuses being offered by a loss-making company were a “mortal sin”. “If corporate governance is correct and the company has worked well and has a good annual result, then yes, some of [the profits] should be distributed,” said Minder, who led a 2013 referendum resulting in the implementation of the binding shareholder vote on executive pay. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
....Labour cited Consumers’ Association figures saying 1,046 bank branches around the UK closed between December 2015 and January 2017, with 486 more scheduled for closure this year. “High street bank closures have become an epidemic in the last few years, blighting our town centres, hurting particularly elderly and more vulnerable customers, and local small businesses whilst making healthy profits for themselves,” McDonnell said. ...
Drax investors rebel on bosses' pay image
Source : BBC [Read Article] Thursday 13th of April 2017 04:07:48 PM
....It said that Will Gardiner's bonus was "excessive" given the power company's performance the previous year. Underlying profits fell from £46m to £21m for 2016 and the dividend was slashed from 5. ...
Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
. Starbucks has reported a sharp fall in profits at its UK business, which it has blamed on a slowing economy and the effect of the Brexit vote on consumer confidence. ...
Starbucks blames UK profits plunge on Brexit and slowing growth image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:32:31 PM
. Starbucks has blamed a collapse in UK profits on a list of ills including fewer shoppers visiting the high street and the impact of the Brexit vote. ...
JPMorgan and Citi quarterly profit helped by higher rates image
Source : BBC [Read Article] Thursday 13th of April 2017 11:11:57 AM
....Profits at two of the biggest US banks jumped in the first quarter, buoyed by higher interest rates. Increased banking and trading activity helped lift profits at JPMorgan Chase 17% from the same period in 2016, the bank said. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....”. Jamil Khalil, the founder of Manchester-based social curation platform Wakelet, said “so-called early-stage investors” in Britain made him feel like quitting many times when he was knocked back because the business was not yet making a profit. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
....According to the trade group's quarterly economic survey, both manufacturing and services firms reported "solid growth" in their businesses in first three months of the year, with domestic and export sales up since the previous quarter. It also found "confidence in turnover and profitability is improving", and that some 86% of manufacturing firms, up from 77% in the last quarter, and 59% of services companies, up from 53%, wanted to find new recruits. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... Amid a barrage of criticism in the first few months of 2017, Uber decided to play nice with regulators and acquired the necessary permit in March. “Uber accepts regulations when those regulations don’t undermine the company’s profitability and interfere with the company’s bottom line,” said Suleiman. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....Wonga data breach could affect nearly 250,000 UK customers. Revealed: the huge profits earned by big banks on overseas money transfers. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
....Many analysts believe some sort of regulatory intervention by May’s government is now highly likely, with experts at Barclays saying it was “almost inevitable”. The main impact of a price cap would be to significantly dent the profit margin that suppliers make on each customer. ...
Supermarket woes dent FTSE 100 image
Source : BBC [Read Article] Wednesday 12th of April 2017 08:07:25 AM
....Tesco was the biggest loser on the FTSE 100 index, diving 5. 73% after its full-year profits fell because of legal costs arising from a fine for overstating its profits in 2014. ...
WH Smith profits rise thanks to travel sales image
Source : BBC [Read Article] Wednesday 12th of April 2017 07:33:36 AM
....75% over the last six months, thanks to a rise in sales at its travel business. Its profits from its outlets in airports, railway stations, motorway service stations and workplaces went up 11% to £39m as passenger numbers rose. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
. Supermarket giant Tesco has reported a fall in full-year pre-tax profit after it was fined for overstating its profits in 2014. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....Tesco has reported its first year of sales growth in the UK since 2010, but good news for its vast domestic chain has been overshadowed by the stormy outlook for future trading as the weakness of sterling pushes up food prices. The UK’s largest retailer was the biggest faller in the FTSE 100 on Wednesday, with the shares finishing down more than 5%, despite beating City expectations with a 30% rise in group operating profit to £1. ...
Asda reignites row over 'farm' brands by relaunching value range image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:30:26 AM
.... Some of the foods were imported from overseas and given British names to make them sound local. Tesco will on Wednesday reassure investors that its crisis years are over by reporting a larger-than-expected jump in annual profits. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
. Donald Trump’s plan to encourage US companies to repatriate profits held offshore will allow the 50 biggest American corporations to save at least $300bn (£240bn), according to research by Oxfam. ...
Eggs-porting isn't easy image
Source : BBC [Read Article] Tuesday 11th of April 2017 11:14:15 PM
...."It sounds ridiculous, but there is a lot of air in Easter eggs relative to their value in weight," says Helen Pattinson, co-founder of boutique British chocolate chain Montezuma's. The oval shape of eggs and the boxes required to keep them intact means that, compared to the amount of space they take up in a shipping container, it is impossible for Montezuma's to charge the end customer enough to make a decent profit. ...
Flyer beware: why the customer isn't always right at 40,000ft image
Source : Guardian [Read Article] Tuesday 11th of April 2017 05:03:37 PM
.... Indeed, airlines lost nearly $50bn (£40bn) in the past decade due to a combination of the 9/11 attacks, high oil prices and the credit crunch. The sector is making money now, but profits are slender – $9. ...
Not so friendly skies image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:03:55 AM
....3bn (£1. 85bn) in profit last year, isn't alone in the PR disasters club. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
.... . An accounting scandal, uncovered in 2015, led to the resignation of several members of the firm's senior management, including the chief executive, after the company was found to have inflated the previous seven years' profits by $1. ...
FTSE 100 takes flight after airline shares rise image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:39:41 AM
....JD Sports jumped 8. 2% after it said strong demand for its sportswear ranges was behind an 81% increase in pre-tax profits last year to £238. ...

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