Tag Archives: profits

12 Insider Flea Market Selling Tips to Increase Profits

Selling at flea markets doesn’t just mean clearing out some junk from your basement and throwing it on a table. You can actually build a business around selling at flea markets. But you’ll need some flea market sales tips to really increase your profits going forward. Here are some flea market selling tips to make your next flea market sale a ... Read More »

Dollar pulls away from 14-year peak as investors take profits

The dollar edged lower in early Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more U.S. interest hikes in the coming year. The Federal Reserve’s interest rate forecasts released on Wednesday after its widely expected rate increase showed three ... Read More »

EasyJet presses on with Brexit plan as profits fall

British airline easyJet (EZJ.L) said on Tuesday it will apply for a new licence to continue flying within the European Union if Britain leaves the bloc as sterling’s slide and fears of militant attacks hit profits. Europe’s second biggest no-frills airline behind Ryanair (RYA.I) is among the most affected by the British vote to leave the European Union because about ... Read More »

Easyjet profits tumble after year of ‘challenges’

Easyjet’s profits have tumbled during what the airline described as a year of “significant challenges”. Pre-tax profits in the year to 30 September fell 27.9% to £495m, but it was in line with a warning given last month. Passenger numbers rose 6.6%. Sterling’s weakness, the impact on air travel of terror attacks, and air traffic control strikes hit trade. Easyjet ... Read More »

Rosneft reports plunge in profits

Russia’s biggest oil company, Rosneft, has reported a 77% fall in third-quarter profits as a result of lower oil prices. Net income for the period was 26bn roubles ($400.7m; £318m), which was much lower than expected. UK oil giant BP owns 20% of Rosneft. Earlier this week, the Russian government, which owns around three-quarters of Rosneft, said it would sell ... Read More »

Sainsbury’s profits fall 10% as first-half sales fall

Sainsbury’s has posted a 10.1% fall in first-half profits to £277m as sales continued to decline. The supermarket giant said like-for-like sales sales fell 1% in the 28 weeks to 24 September. It said that while the market remains strong, “pricing pressures continue to impact margins”. Sainsbury’s added that the effect of the slump in sterling on retailers was “uncertain” ... Read More »

Southern Rail owner profits hit £100m one day after £20m government ‘bailout’

The company which jointly operates the troubled Southern railfranchise, has seen full-year profits soar 27 per cent to almost £100 million, just one day after the Government handed Southern a £20 million “bailout” package. On Thursday transport secretary Chris Grayling said the funds would help Southern “get to grips” with the delays and disruption which have caused months of misery for commuters. Go-Ahead ... Read More »

New regulatory breach revealed as HSBC profits slide 29%

HSBC has admitted it is breaching a US regulator’s order to bolster its defences against financial crime, as the UK’s biggest bank announced a slump in first-half profits in “turbulent” markets hit by Brexit. The bank announced its first share buyback of $2.5bn (£1.8bn) – following the sale of its Brazilian business – which buoyed its shares despite the 29% ... Read More »

Weak U.S. productivity likely to remain a drag on profits

U.S. nonfarm productivity fell less sharply than initially thought in the first quarter and labor-related costs surged for a second straight quarter as companies hired more workers to raise output, suggesting profits could remain under pressure. The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an annualized rate of 0.6 percent, instead of the ... Read More »

ExxonMobil and Chevron profits slide on low oil prices

ExxonMobil reported a 63% slide in first quarter profits following low crude oil prices and weak refining margins. It reported a profit of $1.8bn (£1.24bn), a sharp decline from $4.94bn for the same period last year and its lowest quarterly profit since 1999. Revenue dropped 28% to $48.7bn, but it had strong results from its petrochemicals division. Rival Chevron faired ... Read More »