Tourist spending sends retail profits to a 9-month high
RETAIL sales grew the fastest since January last month as shoppers dug deep to boost Britain’s growth prospects. Daily Express :: Finance Feed
Marks and Spencer to close 60 stores as profits plunge by 88 PER CENT
MARKS and Spencer will shut 60 clothing and home stores as it focuses on food and bosses warned of more than 2,100 job losses under plans to axe 53 overseas shops. Daily Express :: Finance Feed
Share hunter: Lloyds profits have doubled but bank expects slow growth
LLOYDS’ half-year results show the bank doubled statutory profits over the year, from £1.2billlon to £2.5billion. Daily Express :: Finance Feed
City news: Netflix profits fall, Heathrow plans grounded and Yu to challenge big boys
NETFLIX will report that its second quarter profits tumbled 59 per cent because of slowing growth and the rising cost of developing its own shows, analysts say. Daily Express :: Finance Feed
Companies have raised prices or cut profits to meet the cost of the living wage
FIRMS have increased prices or cut profits rather than make workers redundant to pay for the national living wage, a new study has revealed. Daily Express :: Finance Feed
Royal Mail sees 33 per cent slump in profits – but revenue rises to £9.2billion
ROYAL MAIL has said full-year pre-tax profits fell 33 per cent to £267million as it took a hit from transformation costs. Daily Express :: Finance Feed
City news: HSBC job cuts, Barclays, Stock Spirits and Mountain warehouse’s profits
HSBC is axing 840 IT jobs in the UK as part of a cost-cutting drive. Daily Express :: Finance Feed
AG Barr profits ‘to lose fizz’ after sugar tax blow
IRN BRU maker AG Barr will be looked to for further thoughts on the impact of the Chancellor’s sugary drinks tax when it unveils full-year profits on Tuesday. Daily Express :: Finance Feed
Profits ‘jump by a third for LSE ahead of Deutsche Börse merger’
LONDON Stock Exchange talked up the “compelling” opportunity to create a trading powerhouse through a merger with Deutsche Börse while bolstering its appeal to other potential suitors after its annual profit jumped by nearly a third. Daily Express :: Finance Feed
City news: Rolls-Royce axe staff, Tesco store cuts, Mecca Bingo and Tullett Prebon profits
ROLLS-ROYCE has announced a cull of senior management jobs as the aero engine giant looks to speed up decision-making and slash costs after a string of profit warnings. Daily Express :: Finance Feed