Breaking news
Samsung’s profits have soared by more than 25 per cent in three months as working from home during the pandemic has driven demand for its technology. The South Korean tech giant said their operating profits have soared to $8.23billion (9 trillion won) as a result of their fourth quarter successes which they announced on Friday. … Read more
Samsung’s profits have soared by more than 25 per cent in three months as working from home during the pandemic has driven demand for its technology. The South Korean tech giant said their operating profits have soared to $8.23billion (9 trillion won) as a result of their fourth quarter successes which they announced on Friday. … Read more
Crystal-studded clouds reflected in a pond, an oversized crystal chandelier surrounded by mirrors: The headquarters of the Swarovski crystal empire are every bit as glitzy as you might expect – but the sparkle can’t distract from a bitter family feud over the company’s future. Disruption caused by the pandemic coupled with stiff competition in China … Read more
Investors in the money as watchdog lifts bank dividends ban after lenders post better-than-expected profits By Lucy White For The Daily Mail Published: 21:51 GMT, 10 December 2020 | Updated: 21:59 GMT, 10 December 2020 Investors in UK banks will be breathing a sigh of relief after the regulator lifted its ban on dividends. The … Read more
New generation of banks ‘are best for customer service’: Big banks that deserted High Street to swell profits are slammed by consumer group Which? survey of 4,500 customers rated 24 banking brands Starling Bank finished top with an overall customer service score of 88 per cent RBS had 61 per cent, and TSB and Santander … Read more
Virgin Money’s profits plummet as the lender braces for a £501m surge in bad loans stemming from the pandemic Virgin’s annual profits have fallen by 77% to £124m, results today have revealed End of furloughing and more mass job cuts on the cards next year Lender also thinks the housing market could slow once stamp … Read more
Budget retail chain B&M has lured in a new wave of customers during lockdown, helping it boost its first half profits by over 122 per cent. Food and cleaning products proved the most popular products at B&M’s stores in the last six months, the group told This is Money. Bucking the trend for dwindling profits … Read more
Investors piled into Capita after a cost-cutting plan offset some of the losses it racked up from the pandemic. Around £100million was wiped off the government contractor’s turnover in the three months up to the end of September. It brought in revenues of £803million, down from £902million in the same period last year. Around £100million … Read more
Fashion house Burberry set to see profits drop by almost 80% after coronavirus batters luxury sales By Daily Mail City & Finance Reporter Published: 21:50 GMT, 8 November 2020 | Updated: 21:51 GMT, 8 November 2020 Fashion house Burberry is set to see profits drop by almost 80 per cent after the pandemic battered luxury … Read more
Fund titans blacklist BP over green shift: Fidelity among City investors deserting oil giants – as clean energy plans fuel profit fears By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 31 October 2020 | Updated: 21:50 GMT, 31 October 2020 Major City investors are blacklisting oil giants including BP over fears their plans … Read more