Sainsbury’s profits DROP to despite food sales rising by 7% because of extra costs caused by Covid

Sainsbury’s profits have dropped by 39 per cent despite the company seeing a strong boost in sales thanks to its position as an essential retailer during the pandemic. The supermarket giant’s Covid bill has now hit £485million and, along with a major restructuring that saw 1,150 jobs affected, means the business suffered a £261million loss … Read more

Sainsbury’s profits DROP to despite food sales rising by 7% because of extra costs caused by Covid

Sainsbury’s profits have dropped by 39 per cent despite the company seeing a strong boost in sales thanks to its position as an essential retailer during the pandemic. The supermarket giant’s Covid bill has now hit £485million and, along with a major restructuring that saw 1,150 jobs affected, means the business suffered a £261million loss … Read more

Windfall for BP investors as higher oil prices send profits soaring

Windfall for BP investors as oil giant launches share buyback scheme after higher oil prices send profits soaring By Francesca Washtell For The Daily Mail Published: 23:18 BST, 27 April 2021 | Updated: 23:38 BST, 27 April 2021 BP has pulled out all the stops to win over investors with a share buyback scheme as … Read more

Elon Musk set for a £215m bonus on Tesla’s £383m profits 

Tesla boss Elon Musk set for a £215m bonus thanks to electric car maker’s £383m profits By Matt Oliver For The Daily Mail Published: 22:03 BST, 26 April 2021 | Updated: 22:03 BST, 26 April 2021 Elon Musk bagged a £215million bonus as Tesla posted record profits last night. The billionaire boss of the electric … Read more

Barclays poised to announce that its profits rocketed 66%

Barclays poised to announce that its profits rocketed 66% to £1.4bn for the first three months of the year By Helen Cahill, Financial Mail On Sunday Published: 21:50 BST, 24 April 2021 | Updated: 21:50 BST, 24 April 2021 Barclays is poised to report a jump in profits.  It comes as investors wait for the … Read more

MIDAS SHARE TIPS: Foresight Group aims for sustainable profits

MIDAS SHARE TIPS: Climate action movement is gaining momentum and Foresight Group is a Green fund aiming to make profits sustainable too By Joanne Hart, Financial Mail on Sunday Published: 21:52 BST, 24 April 2021 | Updated: 21:52 BST, 24 April 2021 Gaylord Nelson was a relatively unknown American senator when an oil spill off … Read more

Goldman Sachs and JP Morgan unveil soaring profits

Goldman Sachs and JP Morgan unveil soaring profits as outlook for the US economy improves By Daily Mail City & Finance Reporter Published: 22:29 BST, 14 April 2021 | Updated: 22:38 BST, 14 April 2021 American banking giants Goldman Sachs and JP Morgan unveiled soaring profits for the start of 2021 as the outlook for … Read more

Tesco profits fall by a fifth despite ‘exceptional’ £1bn a week sales

Tesco profits have fallen by a fifth despite ‘exceptional’ sales of more than £1billion per week in the pandemic. The closure of pubs and restaurants boosted Britain’s largest supermarket but it was unable to capitalise because of £892million of costs related to the virus. Revenues rose 7 per cent from £49.9billion to £53.4billion in the … Read more

Tesco online sales soar by 77% but profits tumbled with coronavirus costs

Tesco has revealed that its profits fell by 20 per cent over the past year after coronavirus costs of almost £900 million offset surging sales. The supermarket giant today announced that pre-tax profits slid to £825 million for the 12 months to February, compared with £1.03 billion the previous year. It said profits were weighed … Read more