Profits boost for defence firms as governments beef up spending
Shares in Rolls-Royce jump by 5.5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecastsBusiness live – latest updatesRol...
Shell’s profits more than double after jump in oil and gas prices
Environmental groups renew calls for windfall tax to support households following Q2 earnings rise to $9.84bn Shell more than doubled its profit in it...
VW profits plunge and deep job cuts loom amid tough Chinese competition
Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this yearVolkswagen has reported a steep fall in profits ...
EasyJet profits plunge 70% as fuel costs soar amid Iran war
Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking laterThe low-cost airline easyJet has revealed ...
Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectationsTesla reported its second-quarter ...
Norway’s national oil company profits double to $11.5bn amid war on Iran
Equinor benefits from move to ramp up oil and gas production during strait of Hormuz blockadesBusiness live – latest updatesProfits at Norway’s state ...
Heathrow expects fall in passengers and profits this year because of Iran war
Airport has also been ‘engaging closely’ with regulator to discuss cost of plan to build third runwayBusiness live – latest updatesHeathrow has said t...
Royal Mail boss’s pay package soars to £6.9m despite profits slide
Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal serviceBusiness live – latest updatesThe boss of ...
Babcock says Brexit and Covid beset Royal Navy contract as profits plunge
Underlying operating profits down 19% with 2019 frigate-building programme making loss, firm reportsOne of the UK’s biggest defence contractors has bl...
WH Smith to raise £100m as it warns on profits due to Iran war
Retailer plans to shut unprofitable stores as shopper numbers at airports fall amid Middle East conflictBusiness live – latest updatesWH Smith has iss...
Amazon’s main UK arm handed £7.6m tax credit as profits soar to £355m
Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenuesAmazon’s main division in the UK was handed a £...
Mutual retailer triples boss’s pay to £2.2m despite fall in profits
OurCoop criticised by members after withholding annual profit-share payment despite soaring executive payOurCoop, the independent mutual which runs ab...
Healey asks Farage if any of £5m gift may have come from Russia-linked profits
Defence secretary also asks if billionaire’s company may have benefited from Iran war, which Reform leader initially supportedUK politics live – lates...
Samsung Averts a Walkout With Big Bonuses, but Discord Over A.I. Profits Brews
Samsung Electronics, a global memory chip supplier, has been a major beneficiary of the A.I boom. It has also become the center of a debate over how t...
Don’t Send Generic Emails — This Is the Personalization Shift That Will Boost Your Profits and Engagement
Getting email personalization right — and, more importantly, implementing it at scale — is what can really move the needle for ecommerce brands that a...
UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty
Bovis Homes owner’s shares plunge 10.5% after it was forced to cut prices as buyers became cautiousOne of the UK’s biggest housebuilders has said its ...
5 Tax Strategies Smart Founders Use to Protect Their Profits
From sales tax compliance to entity structure and year-end planning, these common tax mistakes can quietly drain profits and create costly problems fo...
Saudi Aramco profits jump despite conflict in the Middle East
Saudi Arabia’s state oil company hit £26.9bn profit – a 26% rise – in the first three months of the yearBusiness live – latest updatesSaudi Arabia’s s...
Reinstate windfall tax on banks after surge in profits, TUC urges
Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter An increased windfall tax should b...
HSBC profits fall amid $400m fraud-related charge and Iran war
London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflictBusiness live – latest updatesHSBC ha...
