A body representing independent cycling retailers in the UK has demanded “immediate” changes to what it describes as the government’s “flawed” Cycle to Work scheme, arguing that the initiative is dominated by providers who “put business profits well ahead of cycling development” and describing Cyclescheme’s decision to prevent retailers from charging additional fees as “the …
profits
Tunnock’s teacakes maker suffers 80 per cent drop in profits
Tunnock’s was founded in 1890 by Thomas Tunnock, who bought a bakery on the outskirts of Glasgow for £80 and started selling warm rolls and cakes. Its range of Caramel Wafer biscuits, Snowballs and Teacakes was created in the 1950s, shortly after Sir Boyd took over from his father Archie Tunnock. Tunnock’s has since become …
Lloyds chief urges UK policymakers to keep their hands off banks’ profits | Lloyds Banking Group
Lloyds Banking Group CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election The chief executive of Lloyds Banking Group has fired a warning shot at UK policymakers, saying measures such as a windfall tax on banks should be ruled out before what is expected to be …
Rolls-Royce targets vast upturn in profits
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rolls-Royce has set out ambitious new profit targets and a plan to sell its electric aircraft division as new chief executive Tufan Erginbilgic tries to make good on his promise to turn around the UK aerospace …
Julius Baer warns on profits weeks after Signa crisis
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Julius Baer has warned on profits after taking SFr82mn ($93mn) in provisions against the value of its loan book, weeks after a financial crisis at the Austrian property group Signa triggered a panic for lenders …
Captain Tom Moore’s daughter loses thousands in profits at company after being told she must demolish spa building
CAPTAIN Tom Moore’s daughter has made another big loss at one of her five companies – despite pocketing thousands from her dad’s books and government Covid grants. Hannah Ingram-Moore’s company’s profits have dropped by over £38,000 at her consultancy firm Whitaker Global Limited with total assets going from £54,591 to £16,460 between 2022 and 2023, …
WWE Friday Night Smackdown results (11/17): Barnett’s review of LA Knight vs. Jimmy Uso, Street Profits vs. Pretty Deadly vs. Ridge Holland and Butch for a shot at the Undisputed WWE Tag Team Titles
By Jake Barnett, ProWrestling.net Co-Senior Staffer (@barnettjake) WWE Friday Night Smackdown (Episode 1,266)Evansville, Indiana at Ford Center EvansvilleAired live November 17, 2023 on Fox Smackdown opened with footage of last week’s Main Event where Asuka betrayed Charlotte and Bianca Belair and sided with Damage Ctrl. Kevin Patrick welcomed the audience to the show, and Damage …
SSE to increase clean energy investment by £2.5bn after profits rise | SSE
SSE Budget lift of 14% will be used on investing in renewable energy and upgrading UK’s energy grids Wed 15 Nov 2023 11.18 GMT SSE plans to grow its investment in clean energy by 14% to £20.5bn for its current budget after reporting better than expected profits for the first half of the financial year. …
Manchester City: Treble winners post Premier League and club record revenues and profits
42 minutes ago Image source, Getty Images Image caption, Manchester City beat Inter Milan in Istanbul five months ago to end their long quest to win the Champions League Manchester City have posted a Premier League record revenue of £712.8m for the 2022-23 financial year. This exceeds the record £648.4m posted last month by Manchester …
Why businesses are pulling billions in profits from China
By Annabelle Liang Business reporter 3 hours ago Image source, Getty Images Image caption, Chinese leader Xi Jinping is set to meet US counterpart Joe Biden on Wednesday Foreign businesses have been pulling money out of China at a faster rate than they have been putting it in, official data shows. The country’s slowing economy, …