Restaurant Group to report 30 per cent fall in profits as warm weather hurts footfall
THE owner of Frankie & Benny’s is expected to report another fall in profits next week, with chief executive Andy McCue expected to outline the progress of turnaround efforts. Daily Express :: Finance Feed
Rolls Royce beat forecasts with huge £287m profits as firm recovers
ENGINEERING giant Rolls-Royce beat City expectations after its profits from the first half of the year hit £287 million. Daily Express :: Finance Feed
RBS back in the black as bank posts first-half year profits for for three years
ROYAL Bank of Scotland boss Ross McEwan said there is “light at the end of the tunnel” for the Government-controlled lender after it posted its first half-year profit for three years and made big strides towards resolving the misconduct and state-aid issues that have dragged it down since the financial crisis. Daily Express :: Finance […]
Asda’s annual profits fell nearly a fifth last year against rivals
ANNUAL profits at Asda fell by nearly a fifth last year after it was left trailing by its “big four” supermarket rivals and rapidly growing Lidl and Aldi. Daily Express :: Finance Feed
BT profits take £225m hit after Italian accounting scandal
BT GROUP’S quarterly profits reverse charged 42 per cent after it was forced to pay £225million to two leading investors after an accounting scandal in Italy. Daily Express :: Finance Feed
Cheaper fuel helps IAG profits soar despite hit from BA IT failure compensation
BRITISH AIRWAYS owner IAG has reported a surge in profits, despite taking a hit from a major IT failure that caused travel chaos for tens of thousands of passengers in May. Daily Express :: Finance Feed
Boux avenue tycoon Theo Paphitis hopes to boost lingerie profits with new IT investment
HIGH-STREET tycoon Theo Paphitis is looking to ramp up international sales at his lingerie chain Boux Avenue, after investing in new IT systems and a dedicated distribution centre. Daily Express :: Finance Feed
JD Sports fashion line hits record profits as sportswear swaps track for the high street
JD SPORTS Fashion shaped up to join Britain’s corporate elite as it reaped rewards with record annual profits of stores investment and tapping into a cultural shift to wearing tracksuits and trainers away from the gym. Daily Express :: Finance Feed
City News: Babcock nuclear deal, Virgin post profits and Hurricane Energy find oil
BABCOCK International saw a fall of 39½p to 877p after the support services group terminated a major Government contract to decommission and manage 12 nuclear sites. Daily Express :: Finance Feed
Barclays bank triples profits
BARCLAYS boss Jes Staley is “more optimistic than ever for our prospects in 2017, and beyond” as the bank nearly tripled annual profit to £3.2billion and accelerated its disposal of unwanted assets. Daily Express :: Finance Feed