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Total keeps dividend and sets climate goal despite profit plunge

French energy group makes emissions pledge as first-quarter profits drop 35%




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Pearson’s latest profit warning is a teachable moment

UK-based education company is still more value trap than takeover candidate




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Tesla ekes out profit despite coronavirus disruptions

Shares soar in after-hours trading following better than expected figures




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US truck sales a bright spot as GM ekes out a profit

Detroit automaker says demand stayed high in parts of country less hard-hit by virus




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Volkswagen defies car downturn as profits surge

World’s largest auto group enjoys earnings boost and increases dividend




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Porsche chief warns battery costs will hit carmaker profits

Blume says industry faces supply constraints because of production ‘bottleneck’




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Continental auto profit margins fall to zero

German supplier scraps outlook and warns smaller contractors could go out of business




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Uber pushes adjusted quarterly profit target to 2021

Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO Nelson […]





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Low transportation fuel demand and low profitability drive refinery run declines

Transportation fuel demand has decreased since early March 2020 as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). U.S. refineries have reduced the amount of crude oil and other inputs that they process (also known as refinery runs). U.S. refinery runs fell for four consecutive weeks, reaching 12.8 million barrels per day (b/d) in the week ending April 17, and increased slightly to 13.2 million b/d for the week ending April 24, or nearly 21% lower than the previous five-year average for this time of year.




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Free Webinar | May 14: Make a Positive Impact on the World and Build a Profitable Business at the Same Time

Join Harvard Business School Professor Rebecca Henderson as she discusses why entrepreneurs are central to building a better world and why there are million dollar businesses to be built along the way.



  • recovery planning series

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Kim Kardashian's SKIMS aids in fight against coronavirus by donating portion of profits to Baby2Baby

The 39-year-old reality star's range will be restocking the Cotton Collection on Monday, March 23 as 20-percent of profits going to Baby2Baby's COVID-19 Emergency Response.




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Ticket 'touts ordered 1,000 Ed Sheeran tickets to sell for 300 percent profit'

Peter Hunter, 51, and David Smith, 56, both of north London, are accused of using fake names and addresses to bulk-buy tickets for concerts and events - before reselling them online.




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Sydney drug ring's massive Australia Day profits

The unravelling of a multi-million dollar drug ring run by Codie Peter Cowan (pictured) has revealed the thirst for drugs over public holiday weekends in some of Sydney's most affluent suburbs.




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YouGov sees profits climb as it benefits from US elections

The company, which offers polling services and provides big groups like RBS with consumer data, said its US election polling for CBS News made it more visible in the US.




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Lidl and Aldi better profits over Christmas period than UK suupermarkets

German retailer Lidl led the way for festive profits, with year-on-year sales growth of 10.3 per cent, while Aldi's sales went up by 5.9 per cent over the Christmas period.




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Sainsbury's predicts loss of more than £500m profits this year

Boss Mike Coupe has revealed that for five days running at the start of the lockdown food sales were higher than the busiest shopping days at Christmas leaving shelves largely empty.




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Bookmakers set to announce plan to bet on 'Virtual Grand National' with profits going to NHS

The bookmaking industry are close to announcing a plan to bet on Saturday's Virtual Reality Grand National with any profits made going to the NHS Charities Group.




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Virtual Grand National 2020 Q&A: How it works, runners, betting and profits to NHS

Usually an appetiser before the main event, the virtual version of the famous steeplechase takes centre stage on Saturday after the famous Aintree race was cancelled due to coronavirus.




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ICICI Lombard reported a 23.8% rise in net profit at Rs 282 crore for the March quarter

New Delhi, May 2 () ICICI Lombard General Insurance Company on Saturday reported a 23.8 per cent rise in net profit at Rs 282 crore for the March quarter. The non-life insurer had posted a net profit of Rs 228 crore in the corresponding period of 2018-19. The gross direct premium income (GDPI) of the company stood at Rs 3,181 crore in Q4 FY20, compared to Rs 3,485 crore in Q4 FY19, ICICI Lombard said in a regulatory filing. For the full year 2019-20, the profit after tax or net profit increased 13.8 per cent to Rs 1,194 crore from Rs 1,049 crore in the preceding fiscal. GDPI of the company stood at Rs 13,313 crore in FY20 compared to Rs 14,488 crore in FY19, a de-growth of 8.1 per cent, it said. Excluding crop segment, GDPI increased to Rs 13,302 crore during the year compared to Rs




profit

SBI Card profit gets squeezed by bad loans, impairment charge, and a big provision for COVID-19

This is the first earnings report released by SBI Cards and Payment Services since it was listed on the bourses in March 2020.In Q4 2020, SBI Cards’ profits fell by 66% compared to the same period last year, to ₹83.5 crore from ₹249 crore.The company also created a provision of ₹489 crore to account for the economic concerns arising due to the Covid-19 pandemic.On the flip side, SBI Cards’ asset quality improved, with its non-performing assets declining to 2.01% from 2.44% a year earlier.SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall of 66% in its profits to ₹83.5 crore, while its bad debts and impairment losses rose by 138% to ₹838 crore on a year-on-year basis. “Considering the possible effects from the pandemic relating to COVID-19, the




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ICICI Bank’s profits jump by 26% in Q4 as NPA's decline, but the full extent of bad loans will only reflect in the coming months

ICICI Bank’s fourth-quarter core operating profits are in the green at ₹1,221.36 crore, a jump of 26% over the Jan-March quarter. For the entire year, the bank’s profit after tax grew by 136% to ₹7,931 crore.Even though many expect the ratio of bad loans to increase in the near term once the Reserve Bank of India’s (RBI) moratorium on repayment of loans ends, ICICI Bank’s net non-performing assets (NPAs) decreased from 2.06% in March 2019 to 1.41% in March 2020.




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Food workers say Donald Trump is sacrificing lives for profit by reopening plants

On Tuesday, the president used the Defense Production Act for meat packing facilities to stay open amid fears of a food shortage, inset, in the coronavirus pandemic. Protesters main.




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Maryland non-profit sues LeBron James's media company for $33MILLION over 'stolen' slogan

Maryland non-profit Game Plan Inc filed a lawsuit on Tuesday against LeBron James' Uninterrupted media company for $33million claiming he stole their slogan.




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Makers of Kate Middleton's Ghost dress reveal profits from online sales will go to NHS

High street brand Ghost have revealed profits from online sales of it's Anouk dress will go to NHS charities. The Duchess of Cambridge, 38, opted for the gown for last week's Clap for Carers.




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RUTH SUNDERLAND: Save the airlines but don't let tycoons profit

RUTH SUNDERLAND: The airline industry can be accused of many sins. It is infested with brassy billionaires, such as the avaricious Sir Stelios Haji-Ioannou, the founder of EasyJet (pictured).




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SEBASTIAN SHAKESPEARE: David Cameron's fixer pal Andrew Feldman turns a £500,000 profit

SEBASTIAN SHAKESPEARE: David Cameron isn't the only one who has been coining it since leaving Downing Street. So, too, has his former Tory Party chair Andrew Feldman.




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He's earning shed-loads! Ex-PM David Cameron's company made more than £800,000 profit last year

Mr Cameron earned £150,000 before quitting over his failure to see off Brexit, but that was small fry compared to his current income. And Mrs May has made almost £400,000 since leaving No10 in July.




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Deal or no deal? How to decide when to take 'with profits' payout

With-profits policyholders often face an impossible choice about when to take their benefits. Turn down today's offer and tomorrow's may be lower. How can you decide when it's time to leave?




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Have you got a silver start-up idea to profit in your pension years?

Lorraine Johnson-Rosner, 70, makes £10,000 to £15,000 a year selling similar rooms and gardens for dolls, plus vintage dolls and clothes for them.




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Divorcee, 39, makes £85,000 profit after renovating two homes

Adele Bradley, from Leeds, began renovating her first property last January and decided to document her journey online. She has now amassed more than 30,000 followers and is looking for her next project.




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De La Rue sees profits hit by poor start to the year in currency arm 

De La Rue predicted that adjusted operating profit for the 12 months ending March 27 would be between £20m and £25m, in line with earlier guidance. This is a major drop on the previous year.




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Sainsbury's defers £160m dividend as profits remain flat

Food sales in the peak week to March 21 jumped by 48 per cent. But the supermarket's general merchandise and clothing business, part of which operates through Argos, has suffered.




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Ocado accused of 'profiteering' from the coronavirus crisis

Online supermarket Ocado removed 11,087 promotions and hiked the base price of 918 products between March 4 and April 8. Founder and chief exec Tim Steiner's stake is worth some £480m




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Sportswear firm Adidas suffers hit as profits slump 93%

The German sportswear firm warned its sales would slump 40 per cent in the second quarter despite China emerging from lockdown, and surging performance online.




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RBS sets aside £800m to pay for bad loans as profit falls almost 50%

RBS, which is changing its name to Natwest later this year, said the loss provisions dragged profit down by almost 50 per cent to £519m in the first three months of 2020.




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Virgin Money suffers 60% drop in profits and gets ready for bad debts

The group admitted that around 12,000 of its credit card customers, or 1.2 per cent, were already seriously in arrears by three months or more before the pandemic.




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Pandemic wipes £1billion off Disney's quarterly profits

The US giant said it will reopen its Shanghai Disneyland park on May 11 but severely limit the number of guests and enforce strict social distancing measures on rides and in restaurants.




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UK company profits plummeted at the end of 2019 as 'earnings recession' intensified

The latest Profit Watch UK report from The Share Centre has revealed UK-listed company profits fell for a second quarter in a row between October and December last year.




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How to profit from investing in green energy and reducing waste

Could backing the new energy sector instead deliver the returns they desire, whilst also protecting the world we live in? We speak to Chris Tanner, of JLEN, Environmental Assets.




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Are 'cheap' UK bank shares an opportunity to profit or a value trap?

Lloyds Banking Group shares leapt almost 13 per cent on hopes of a Brexit deal, but that was a rare bit of sunshine in an overwhelmingly gloomy year. So are UK banks a value opportunity?




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Newcastle United existed simply to make Mike Ashley's retail empire more profitable

Mark Jenson is the co-founder of The Mag, now the leading independent website on all things Newcastle United. He speaks out about what it is like to support a team owned by the retail giant.




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Domino's Pizza declares first-half net profit of $69M following strong online delivery sales

Domino's Pizza has lifted its net profit to $69.2million for the first half of the year - and it's all thanks to customers ordering in while 'binge watching' TV.    




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Will Uber FINALLY become profitable? Firm set to place advertising car-toppers on 1,000 vehicles

Uber is set to add a new revenue stream with the hopes of becoming profitable. The firm signed a deal with ad-tech company Adomni to introduce ad displays on top of 1,000 vehicles.




profit

Newcastle United existed simply to make Mike Ashley's retail empire more profitable

Mark Jenson is the co-founder of The Mag, now the leading independent website on all things Newcastle United. He speaks out about what it is like to support a team owned by the retail giant.




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Government could regulate prices of key goods to stop profiteering as coronavirus spreads

The goods affected could include everything from hand sanitiser, toilet paper and painkillers to food staples including pasta and rice. The Competition & Markets Authority wants to stop profiteering.




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eBay and Amazon Marketplace are failing to crack down on coronavirus-profiteering, Which? claims 

An investigation by the UK consumer watchdog found many everyday household products being offered at inflated prices - including hand gel, bleach and tampons.




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Disney's profits plunge 91% by $4.9 BILLION in coronavirus pandemic

Profits for the quarter ending in March dropped 91 percent to $475 million, down from $5.4 billion a year earlier. Overall, the company said costs related to COVID-19 cut pretax profit by $1.4 billion.




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Swapping a buy-to-let to a short-term holiday let can prove profitable,

Renting out a property as a short-term let or holiday home can be profitable, and a combination of changes to buy-to-let tax and the rise of Airbnb and rivals has made it increasingly popular.




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Non-profit tech: AI-based startups make it to Cisco, N/Core's third cohort

Each selected startup receives an innovation grant of Rs 15 Lakh