profit news and archive

Common financial terms such as turnover and EBITDA explained

FashionUnited regularly reports on the financial performance of fashion companies, particularly when annual reports and half-year reports are published. These reports are also known as financial reports. Financial reports provide a detailed overview of a company's financial performance over a specific period, including information on revenue,...

Business

Tesco's financial black hole could be bigger than expected

The black hole in Tesco's profits could be larger than predicted, warns analysts at JP Morgan. The profit from Tesco's UK subsidiaries over the last financial year was 319 million pounds less than the company reported itself in the UK, according to an analysis of accounts at Companies House by JP Morgan. The retailer has already revealed that...

Business

M&S sales drop amidst growing confidence for Christmas trading

REPORT_ Shares from Marks & Spencer Group increased around 8 percent in the early morning trading in London, after the UK retailer said Wednesday that it is confident of the key Christmas trading period. In its first half, the company recorded a slight decline in profit, with weak results in UK and General Merchandise segment being almost offset...

Fashion

Jacques Vert back to profit after cutting down to 874 outlets

Jacques Vert Plc, the womenswear clothing retailer, announced annual profit of £5.3m, for the 53 weeks ended 30 April 2011, in with an update on trading for the nine weeks since that date. Retail Sales up +2.6%, adding a 2.0% on a like for like basis, whereas profit before tax upped 3.1%, dragging the proposed dividend up by 3%. “With positive...