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The big four technology firms have produced a record £29billion in profits and £177billion of sales during the coronavirus pandemic. In a blowout set of earnings, Amazon, Apple, Google, and Facebook all reported quarterly results within minutes of each other – unveiling combined revenues of £177billion ($220.28billion) and profits of £29billion ($38billion) for July to … Read more
Pizza Express will axe 1,300 jobs after increased Covid curbs hit profits even further – two months after announcing 73 UK restaurants would close Pizza Express will cut around 1,300 jobs across its UK restaurants, its bosses say It comes after the chain announced in August it would close 73 of its restaurants The company … Read more
Deutsche Bank is finally back in the black with a surge in bond trading pushing profits to £162m By City & Finance Reporter for the Daily Mail Published: 22:11 GMT, 28 October 2020 | Updated: 22:16 GMT, 28 October 2020 Deutsche Bank has dragged itself into the black for the first time since early last … Read more
Bloomsbury posts best first-half profits in 12 years after coronavirus crisis boosted online sales By Daily Mail City & Finance Reporter Published: 00:36 GMT, 28 October 2020 | Updated: 00:47 GMT, 28 October 2020 Bloomsbury has posted its best first-half profits in 12 years after the coronavirus crisis boosted online sales of books and ebooks. … Read more
Serco announces £25m profits boost after landing contract extensions to provide Test and Trace sites and call handlers – a day after anti-Covid system’s worst ever week Outsourcing giant Serco said it expects a trading profit of £160m to £165m Bosses said this was ‘an indication of customer’s satisfaction with quality work’ Before the extension to … Read more
G4S insists it will report increased profits for 2020 despite pandemic as it tries to ward off hostile suitors By Daily Mail City & Finance Reporter Published: 21:54 BST, 14 October 2020 | Updated: 21:54 BST, 14 October 2020 G4S bolstered its defences against suitors from Canada and the US by saying it will report … Read more
Looming jobs crisis casts cloud over Asos despite its profits quadrupling during the pandemic By Tom Witherow For The Daily Mail Published: 21:52 BST, 14 October 2020 | Updated: 21:52 BST, 14 October 2020 ASOS quadrupled its profits as it gained 3m customers during the pandemic. The online retailer estimated that one in every one … Read more
Online shopping giants are celebrating a boom in profits today as the High Street gets set to see yet more tumbling sales in the face of another lockdown. While Britain’s High Streets may have suffered irreparable losses in the face of the coronavirus pandemic, online stores have seen a surge in orders with fashion giants … Read more
RUTH SUNDERLAND: The trouble with shareholder primacy is that investors tend to tolerate bad behaviour so long as it seems lucrative American economist Milton Friedman was a huge influence on the thinking of Margaret Thatcher and Ronald Reagan Even Gordon Gekko’s ‘Greed is Good’ mantra is a simplistic interpretation of his theory By Ruth Sunderland … Read more
ALEX BRUMMER: Boohoo sweat-shop scandal shows profits always triumph over governance… with horrendous outcomes By Alex Brummer for the Daily Mail Published: 21:50 BST, 25 September 2020 | Updated: 21:50 BST, 25 September 2020 There is an unacceptable view in the financial community that as long as earnings are on the rise, dividends paid and … Read more