Lloyds Bank annual profits plunge by 72% to £1.2billion

Lloyds Bank’s annual profits plunge by 72% to £1.2billion amid fall in household spending during Covid pandemic UK’s biggest domestic lender reveals extent of Covid-19 financial devastation Statutory pre-tax profits fall to £1.2billion in 2020 from £4.4billion in 2019 However latest figure was better than the £905million analysts had expected Lockdowns have cut household spending … Read more

British American Tobacco hikes dividend after profits rise 10%

British American Tobacco becomes latest firm to hike its dividend after posting a 10% rise in annual profits By Daily Mail City & Finance Reporter Published: 22:04 GMT, 17 February 2021 | Updated: 22:04 GMT, 17 February 2021 British American Tobacco (BAT) is the latest firm to hike its dividend after a 10 per cent … Read more

L’Oreal saw profits fall in 2020 after sales took a hit

L’Oreal saw profits fall in 2020 after make-up sales, in particular lipstick, took a hit during the pandemic By Daily Mail City & Finance Reporter Published: 21:54 GMT, 12 February 2021 | Updated: 21:54 GMT, 12 February 2021 L’Oreal saw profits fall in 2020 after make-up sales, in particular lipstick, took a hit during the … Read more

Astrazeneca boss Pascal Soriot hails Covid vaccine as profits soar

It’s not perfect… but it will save lives: Astrazeneca boss Pascal Soriot hails Covid vaccine as profits soar By Matt Oliver For The Daily Mail Published: 21:50 GMT, 11 February 2021 | Updated: 21:50 GMT, 11 February 2021 Astrazeneca boss Pascal Soriot has defended his company’s Covid-19 jab, insisting it is ‘not perfect’ but will save … Read more

KPMG bosses forced to take an 11% cut as pandemic squeezes profits

KPMG bosses forced to take an 11% cut as pandemic squeezes profits but average pay is still £572,000 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 3 February 2021 | Updated: 21:50 GMT, 3 February 2021 KPMG’S 582 partners in the UK were forced to take an 11 per cent pandemic pay cut … Read more

Amazon profits predicted to be FLAT for last quarter

With the pandemic still raging, most businesses cannot boast of having as good a year as Amazon – but profits predicted to be FLAT By Daily Mail City & Finance Reporter Published: 21:53 GMT, 29 January 2021 | Updated: 21:53 GMT, 29 January 2021 With the pandemic still raging, most businesses cannot boast of having … Read more

Zuckerberg says Apple is now Facebook’s biggest competitor as Facebook profits surge 53 per cent

Facebook’s profits increased by 53 per cent last year compared to 2019, as the tech giant benefited from more people being at home during the pandemic and saw an increase in use of their platforms. Mark Zuckerberg, however, is sounding the alarm about forthcoming changes from Apple that could threaten Facebook.  Facebook’s results for the … Read more

Facebook’s profits surged 53 per cent in 2020 despite controversy over content and competition

Facebook’s profits increased by 53 per cent last year compared to 2019, as the tech giant benefitted from more people being at home during the pandemic and saw an increase in use of their platforms. Their results for the final quarter of 2020, reported on Wednesday, came as Apple announced that it too had had … Read more

Should people cash in bitcoin profits or wait for the moon? This is Money podcast

We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify. To download the Apple Podcasts app if you … Read more