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M&S profits drop as clothing and houseware sales off 10%

M&S profits drop as clothing  and houseware sales off 10% picture-12794-300x165

  M&S profits drop as clothing  and houseware sales off 10% Retail giant Marks & Spencer has seen annual profits tumble by nearly two-thirds and revealed sales across its under-pressure clothing arm have plunged back into reverse. Underlying pre-tax profits were 10.3 per cent lower at £613.8m in the year …

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low interest rates, falling by £126million to £3billion

low interest rates, falling by £126million to £3billion picture-12786-310x165

collected by :Victor Alphen Nationwide’s net interest margin – or the difference between the interest it earns by charging customers with loans and mortgages and the interest it pays out for deposits – was squeezed by low interest rates, falling by £126million to £3billion. Nationwide Building Society has reported a …

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State bank of India profit doubles to Rs 2,815 crore

State bank of India profit doubles to Rs 2,815 crore picture-12766-310x165

The fourth quarter result does not take into account acquisition of its five associates State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala, and State Bank of Hyderabad and Bharatiya Mahila Bank (BMB) as the merger came into effect from April …

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New-business profit rose to 71 million in UK insurance

New business profit rose to 71 million in UK insurance picture-12753-300x165

Jackson, Prudential’s U.S. business, also posted a 26 percent rise in new-business profit to 224 million pounds, while the UK insurance arm’s new-business profit rose 15 percent to 71 million. Bernstein analysts said the impact on Prudential’s solvency capital ratio, showing a 68-percentage-point drop to 103 percent, was “reasonably-sized”. Regarding …

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Singapore Airlines Group reported a $360 million net profit

Singapore Airlines Group reported a $360 million net profit picture-12759-310x165

KOLKATA: Graphite India reported a 117 per cent jump in its net profit at Rs 62 crore for the fourth-quarter (Q4) ended March 31, 2017, compared to Rs 28.6 crore profit posted in the corresponding period previous fiscal. “We expect the domestic steel industry to remain robust with strong government …

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Shares of Petronas Chemicals were down 1.5% at $1.64

Shares of Petronas Chemicals were down 1.5% at $1.64 picture-12720-256x165

The chemical-processing arm of Malaysia’s national oil company Petronas, said net profit for the first quarter surged on strong revenue. Revenue jumped 49% to MYR4.7 billion during the quarter from MYR3.1 billion, Petronas Chemicals said. Shares of Petronas Chemicals were down 1.5% at MYR7.12 ($1.64) before the earnings release. The …

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