Tag: profits

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Norman Foster’s architecture firm almost doubles profits

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The architecture practice run by Sir Norman Foster almost doubled its profits as it expanded in the Middle East and gained new business despite pandemic lockdowns. Total revenues fell by £33m to £200m in the year endi...

Calls for windfall tax as North Sea oil and gas profits soar

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Bumper shareholder payouts, soaring profits, booming asset valuations: the oil and gas industry has bounced back from the depths of the pandemic with a vengeance. After a difficult 2020, when plunging demand led in so...

Ladbrokes claimed £101.5m furlough money despite online profits

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The bookmaker Ladbrokes has claimed nearly £102m from the UK government’s furlough scheme, despite sales in online bets soaring during the pandemic. According to accounts published at Companies House, the company made...

Franco Manca owner reports profits ahead of pre-pandemic levels

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The owner of the Real Greek and Franco Manca restaurant chains has said that business is booming and is ahead of pre-pandemic levels as office workers and theatregoers return to city centres. Parent company the Fulham...

Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose

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The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals, provided exclusively ...

Lego gives its 20,000 employees three days extra holiday after profits rise 140%

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Lego, the world’s largest toymaker, has awarded its 20,000 employees three extra days of holiday and a special bonus after a year of bumper revenues. The succession of pandemic-forced lockdowns has seen demand for Leg...

Water profits surge even as leaks and spills wash away public trust

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The last of Britain’s three FTSE-listed water companies is due to report its financial results this week, but there’s little doubt any news on the performance of Pennon will be drowned out by a wider crisis in the ind...

BP profits surge amid higher oil and gas prices

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BP has warned that gas markets will remain “tight” during the winter months after rocketing global gas markets fuelled higher-than-expected profits and an extra $1.25bn returns for its shareholders. The global gas sup...

Amazon profits suffer largest percentage drop in four years

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Amazon’s profits declined by the largest percentage in more than four years as the online giant said it has spent heavily on coping with the pandemic and delivered a downbeat forecast for the holiday season. The news...

Shell pledges to halve emissions by 2030 as it reports lower profits

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Royal Dutch Shell has set out a target to halve its emissions by the end of the decade as it revealed worse-than-expected profits for the third quarter despite a global surge in oil and gas markets. The Anglo-Dutch gr...

Lloyds profits double to £2bn as it benefits from mortgage boom

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A booming mortgage market and an economic recovery that made it less likely that Covid-hit borrowers would default on loans helped Lloyds Banking Group double its profits in the three months to September. The group, w...

Scottish Power profits drop amid soaring wholesale gas prices

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Scottish Power has reported a 39% drop in underlying profits at its division that delivers gas and electricity to households, as it was hit by soaring wholesale energy costs and low wind volumes. Keith Anderson, Scott...

Harry Potter publisher reports record profits despite supply chain crisis

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Bloomsbury, the Harry Potter publisher, has unveiled record sales and profits on the back of the popularity of titles including Tom Kerridge’s latest cookbook during the coronavirus pandemic despite supply chain probl...

Barclays profits double as CEO brushes off inflation and supply chain fears

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Barclays almost doubled its third-quarter profit to £2bn as it benefited from strong mortgage lending in the UK and a boom in investment banking. The British bank’s profit before tax in the three months to September r...

Boohoo profits down a fifth as shipping costs and warehouse wages rise

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Boohoo has warned of slowing sales growth and a squeeze on profit margins as disruption to deliveries and more competition from the high street combines with higher shipping costs and wage rises at its warehouses. Sha...

Barratt’s profits surge amid strong demand for new homes

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Barratt Developments has said strong demand for houses across the country helped to boost annual profits by nearly two-thirds in its latest financial year, as it signalled continued strong demand for housing across th...

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