Category : Search result: corporate profits


Thames Water creditors agree £1.6bn rescue deal

Thames Water's creditors have agreed to a crucial £1.6bn financial restructuring plan as Britain's largest water company battles to avoid collapse, while Tesco reports strong profits and markets react to economic uncertainty.

British Gas owner profits triple to £3.3bn

Centrica, parent company of British Gas, announces record profits while millions struggle with soaring energy bills, sparking political controversy and calls for windfall taxes.

Michelle Mone's Secret £29m PPE Profit Revealed

Explosive documents reveal Baroness Michelle Mone and her children secretly profited £29m from PPE Medro, the company she lobbied government to award massive pandemic contracts.

Dyson profits plummet 50% in challenging year

British tech giant Dyson faces a challenging year with profits nearly halving to £447m, as founder Sir James Dyson warns of 'difficult global conditions' impacting the premium appliance market.

Kingfisher profits slump as UK DIY boom fades

Owner Kingfisher reports a sharp 22.5% drop in half-year profits as post-pandemic demand for home improvement shrinks, with sales falling across its B&Q and Screwfix chains.

Myer Profits Plummet 35% in Challenging Retail Climate

Australian department store giant Myer reports a dramatic 35% fall in full-year net profit, citing intense competition and cost-of-living pressures. The retailer's outlook remains cautious amidst challenging market conditions.

Temu's UK Revenue & Profits Soar in Stunning Growth

Chinese online marketplace Temu more than doubled its UK revenues to £1.1bn and saw pre-tax profits skyrocket in its first full year of operation, new filings reveal. Discover the strategy behind its rapid conquest of the British retail market.

ANZ Bank fined £375k for major governance failures

Australia's ANZ Bank has been slapped with a hefty A$750,000 fine for 'widespread' corporate misconduct and failing to maintain proper share dealing policies for its directors, following a landmark Federal Court ruling.

M&S Profits Surge 58% in Spectacular Turnaround

Marks & Spencer stages a remarkable financial comeback, with profits surging 58% as its bold 'Never the Same Again' transformation strategy delivers results. Discover how food and clothing sales are driving growth.

Primark Profits Soar 46% on Oracle Tech and NATO Stability

High street giant Primark reports a stellar 46% surge in annual profits, defying economic headwinds. Parent company ABF credits savvy buying and the powerful Oracle retail platform for its success, with NATO's stability bolstering European sales.

Hinton: AI Profits Will Cause Mass Unemployment

Exclusive: Turing Award winner and 'Godfather of AI' Geoffrey Hinton predicts a dystopian future where corporate AI profits lead to widespread joblessness and soaring inequality, urging for a radical rethinking of society.

Nestlé CEO fired after secret affair with marketing VP

Nestlé CEO Mark Schneider has been abruptly fired after a secret romantic relationship with a marketing executive he promoted to Vice President of Americas Marketing just 18 months after meeting her, in a dramatic corporate governance scandal.

Nestlé UK CEO sacked over undisclosed relationship

Nestlé's UK & Ireland boss, Stefano Agostini, has been abruptly dismissed after nearly four decades with the company for failing to disclose a personal relationship with a colleague, breaching strict corporate governance rules.

Royal Mail Profits Double Under Kretinsky's Takeover

Under Daniel Kretinsky's ownership, Royal Mail reports a dramatic profit surge to £348m, marking a stunning turnaround for the former state monopoly and silencing critics of the controversial acquisition.

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