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Microsoft laying off about 9,000 employees in latest round of cuts
Despite exceeding revenue and profit forecasts, Microsoft is reducing its workforce by approximately 9,000 positions to optimize operations and respond to shifting business priorit...
Read Full Article →Profit at The Macallan whisky owner slashed as sales slide
Edrington experienced a significant decline in pre-tax earnings for the fiscal year ending March 2025, reflecting lower revenue across its portfolio of whisky brands.
Read Full Article →Greggs feels the heat as shoppers shun pastries in hot June
Greggs experienced a notable decline in revenue and market value after unexpectedly lower earnings were reported, attributed to reduced customer demand during the recent period of...
Read Full Article →Greggs: Shares crater as sweltering June set to hit profit
Greggs anticipates a decline in annual earnings due to challenging weather conditions in June, despite overall sales increasing by nearly 7 percent in the first half of the year.
Read Full Article →We're booking a 220% profit in a tech stock that has soared off its April lows
The substantial gain realized from this technology investment reflects a disciplined approach to capitalizing on market rebounds while avoiding excessive risk or overexposure.
Read Full Article →Manchester Airports Group takes off amid expansion drive
Manchester Airports Group experienced substantial financial growth this year, marked by increased passenger numbers and higher earnings, as it continues investing heavily in expand...
Read Full Article →Sweet success for Haribo as sales hit new record
Haribo’s UK division experienced continued growth in 2024, with increased revenue and profit reflecting a strong financial performance compared to the previous year’s figures.
Read Full Article →King Charles to receive £132m next year after crown estate makes £1.1bn profit
The Crown Estate’s substantial increase in profits, largely driven by growth in renewable energy investments, will result in King Charles receiving a significantly higher annual in...
Read Full Article →Bonuses force Jonathan Ross’ talent agency into the red
The talent agency representing Jonathan Ross and others experienced a significant financial downturn, reporting a pre-tax loss of £1.8 million for the year to April 2024 after prev...
Read Full Article →Warburtons family in the dough after record sales and profit
The Warburtons family benefited financially as the bakery company achieved unprecedented sales and earnings, resulting in a significantly increased interim dividend totaling £27.2...
Read Full Article →Randox: Losses widen at Covid-19 testing giant
Randox, a leading Covid-19 testing company based in Northern Ireland, has reported a pre-tax deficit of £51.8 million for the year ending June 30, 2024, following previous substant...
Read Full Article →Polar Capital: Profit jumps as boss departs
The company experienced a substantial increase in annual earnings despite challenges in the last quarter, highlighting overall financial growth amid concerns about future market in...
Read Full Article →Bitcoin stays confined to $100k–$110k band as realized profit and network activity recede
Bitcoin’s price stability within a limited range reflects reduced investor profit-taking and diminished transactional movement, indicating a cautious market environment impacting i...
Read Full Article →Starling Bank sets sights on US expansion
Starling Bank’s move to enter the US market aims to enhance its revenue streams and offset recent profit declines by tapping into new customer bases and expanding its international...
Read Full Article →Jefferies Stock Slips as Profit Falls Short Amid US Policy Uncertainty
Jefferies experienced a decline in its share price due to earnings that did not meet expectations, influenced in part by unclear developments in US governmental policies affecting...
Read Full Article →Spice Maker McCormick Tops Profit Estimates, Says It Can Mitigate Tariff Costs
McCormick reported higher-than-expected earnings and indicated its ability to manage increased expenses related to trade duties, positively impacting its overall financial performa...
Read Full Article →Walgreens Boots Alliance stock rises on better-than-expected sales and adjusted profit
Walgreens Boots Alliance experienced an increase in its share value following quarterly results that exceeded analysts’ forecasts for revenue and earnings, reflecting improved fina...
Read Full Article →Profit triples at SME lender Iwoca as loans near £1bn
Iwoca’s pre-tax profit increased significantly to £59.1 million in 2024, reflecting substantial growth in revenue and lending activity focused on small and medium-sized enterprises...
Read Full Article →Cavendish shakes off M&A woes to swing to profit
Despite challenges in its mergers and acquisitions segment leading to reduced revenue, Cavendish returned to a pre-tax profit of £700 million for the year ending March 31, reversin...
Read Full Article →General Mills Stock Slips as Cereal Maker Sees Larger-Than-Expected Profit Drop
The company's shares declined to their lowest point in five years following a significant decrease in earnings that exceeded analysts' predictions, affecting investor confidence.
Read Full Article →Liontrust profit slides after billions more outflows
Liontrust experienced a significant decline in earnings due to substantial client withdrawals, resulting in a nearly 30% reduction in adjusted pre-tax profit for the fiscal year en...
Read Full Article →BGF: Profit almost doubles at major UK investor
The Business Growth Fund experienced a significant increase in pre-tax earnings this year, rising to £131.1 million from £67.9 million in the previous year, driven by multiple succ...
Read Full Article →Wizz Air CEO gets huge bonus despite tumbling shares and profit
The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...
Read Full Article →Profit surges at Richard Desmond’s empire ahead of UK lottery court battle
Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence
Babcock experienced substantial financial growth with an 11 percent rise in revenue to £4.8 billion and a significant boost in operating profit, reflecting its expanding role in na...
Read Full Article →FedEx hopes to save $1 billion this fiscal year. But its profit forecast is still sinking shares, as...
FedEx aims to reduce costs by a significant margin this year, yet its lowered earnings outlook and the impact of tariffs on shipments have contributed to a decline in its stock val...
Read Full Article →Glengoyne whisky maker suffers worst decline in decades as demand falls
Ian McLeod Distillers experienced a substantial reduction in pre-tax profit to £15.6 million for the year ending September 2024, reflecting a significant downturn in consumer inter...
Read Full Article →Record profit for Harry Potter and the Cursed Child theatre owner
Nimax Theatres reported a pre-tax profit of £10 million for the year ending September 2024, marking a significant financial milestone for the company managing the West End producti...
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