Finance News – Profit
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Goldman-backed Starling Bank reports 26% profit drop as it flags Covid loan fraud issue
Starling Bank, supported by Goldman Sachs, experienced a notable decrease in pre-tax earnings to £223.4 million, attributing part of the decline to issues related to Covid loan fra...
Read Full Article →Macy’s stock rises as earnings, revenue beats offset a cut to profit outlook
Macy’s shares increased following stronger-than-expected earnings and sales, which helped balance concerns arising from a lowered forecast for future profitability.
Read Full Article →Dick's Sporting Goods stands by full-year guidance — even with tariffs looming
Dick's Sporting Goods confirmed its projections for fiscal 2025 sales and earnings, indicating that anticipated tariffs have been factored into their financial outlook without alte...
Read Full Article →Twinings: Profit jumps to almost £100m at tea brand
The London-based tea company experienced notable financial improvement over the past year, with pre-tax earnings rising to nearly £100 million due to strong expansion within the Un...
Read Full Article →UK fintech Starling’s profit tumbles as regulatory failings linger
Starling's annual pre-tax profit declined due to increased operating expenses and heightened competition in the fintech sector, reflecting challenges in maintaining profitability a...
Read Full Article →Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit
Recent substantial gains by short-term Bitcoin traders indicate profit-taking that may slow price advances, as market indicators and investor sentiment suggest heightened caution a...
Read Full Article →Yorkshire Tea: Profit more than doubles as sales pass landmark
The company behind Yorkshire Tea experienced a significant increase in earnings alongside record-breaking revenue exceeding £300 million in its most recent fiscal year.
Read Full Article →Mitchells & Butlers: Profit at All Bar One owner jumps as Brits keep spending
Mitchells & Butlers experienced a notable increase in half-year earnings driven by steady consumer demand, with revenue climbing to £1,454 million despite facing substantial cost p...
Read Full Article →Investec rakes in £1bn profit after lending and deposit boost
Investec’s latest financial results reveal a notable rise in operating profit, driven by strengthened lending activities and higher deposit levels, surpassing previous expectations...
Read Full Article →Bloomsbury: Profit falls at Harry Potter publisher despite sales rise
Bloomsbury Publishing experienced a significant decrease in pre-tax earnings over the recent financial year, even though its overall income recorded an upward trend during the same...
Read Full Article →Easyjet holds guidance as it eyes £700m profit
Easyjet maintains its full-year forecast, anticipating a substantial pre-tax profit around £700 million, supported by strong forward bookings despite increased interim pre-tax loss...
Read Full Article →Xpeng's Hong Kong shares have gained nearly 80% this year — and the rally is far from over
Despite increased investor interest boosting Xpeng's stock value significantly this year, the company continues to face challenges in achieving profitability due to intense market...
Read Full Article →Canada Goose Stock Soars as Profit, Revenue Easily Top Estimates
The company experienced a notable increase in its shares following strong financial results that exceeded market expectations for both earnings and sales performance.
Read Full Article →Target’s stock drops as earnings fall below forecasts and outlook is lowered
Target experienced a decline in its share price following weaker-than-anticipated first-quarter sales and profit margins, prompting the company to adjust its future financial expec...
Read Full Article →TJX’s stock dips as same-store sales fall slightly short
TJX experienced a modest stock decline despite a 5% increase in sales and a profit that slightly exceeded analyst expectations, reflecting mixed investor reactions to the latest fi...
Read Full Article →Lowe's Tops Profit Estimates, Affirms Full-Year Outlook
Lowe's reported earnings that exceeded analyst predictions and maintained its projected financial performance for the entire year, indicating steady revenue growth and investor con...
Read Full Article →Easyhotel significantly slashes losses as return to profit nears
Easyhotel’s substantial reduction in pre-tax losses to €1.8 million in 2024 from €10.5 million the previous year reflects notable financial improvement and progress toward achievin...
Read Full Article →Marks and Spencer expects £300mn profit hit from cyber attack
The recent cyber incident has caused sustained operational challenges for the UK retailer, leading to a projected financial impact estimated at around £300 million in lost earnings...
Read Full Article →Currys: Shares dip despite interest rates helping sales at retailer
Electrical retailer Currys has projected a 37 percent increase in pre-tax profit to £162 million, reflecting improved sales performance partially influenced by reduced borrowing ex...
Read Full Article →M&S: Cyber attack to hit profit by £300m
Marks and Spencer anticipates a substantial reduction in this year’s earnings due to a recent cyber incident, although the financial impact may be partly offset by cost controls, i...
Read Full Article →Armenian organized crime rings charged with stealing $83 million in Amazon cargo
A criminal network in Armenia reportedly impersonated delivery personnel to intercept valuable shipments intended for fulfillment centers, resulting in substantial financial losses...
Read Full Article →Diploma: Shares in FTSE 100 firm rocket after profit upgrade
Diploma experienced a notable increase in stock value following improved forecasts and a robust first-half performance, highlighted by a 14 percent rise in revenue reaching £728.5...
Read Full Article →Cranswick: Hummus and chicken demand boost supermarket supplier
Cranswick's increased sales, driven by strong consumer interest in fresh items and strategic acquisitions, contributed to higher-than-anticipated profits and a rise in revenue over...
Read Full Article →Vodafone swings to loss after €4.5bn impairment blow
Vodafone reported a significant financial downturn due to a substantial write-down linked to challenges in its German operations, resulting in a pre-tax deficit following a previou...
Read Full Article →SSP: Upper Crust owner’s shares surge after profit soars
The FTSE 250 company experienced a notable increase in operating profit and revenue across multiple sectors during the first half of 2024, contributing to a significant rise in its...
Read Full Article →EV Resources jags profit from US antimony project sale
EV Resources generated a financial gain by transferring ownership of its US antimony asset to Trigg Minerals, receiving a combination of cash and equity valued at $450,000.
Read Full Article →Unlock 41 % Faster Revenue Growth: Digital CX as Profit Engine in Banking
Companies that prioritize enhancing digital customer experiences in the banking sector tend to achieve significantly accelerated revenue growth compared to those with less focus on...
Read Full Article →Qatar Airways posts record €1.98 billion profit in latest earnings
The airline's parent company achieved its highest-ever earnings last fiscal year, driven by unprecedented passenger volumes as the global travel industry recovers from the impact o...
Read Full Article →Harry Styles’ record label suffers dramatic decline after album and touring success
Despite the commercial achievements of Harry Styles’ latest album and tour, the associated record company experienced a notable reduction in both revenue and earnings during the fo...
Read Full Article →Greene King: Pub giant calls for ‘urgent help’ after losing £150m
Greene King experienced a significant financial downturn in 2024, shifting from a substantial profit to a considerable pre-tax deficit, prompting a request for immediate government...
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