Articles about profit

Tax free bonus for John Lewis staff

The 90,000 John Lewis staff are to receive a £35 million boost in addition to their bonuses this year – following new rules to encourage companies to give workers more control.

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Burberry CEO pockets £5.2 million

CEO of Burberry Christopher Bailey has just taken home £5.2 million from share sales – mere weeks after shareholders fought against the £27 million pay package he received last year.

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WH Smith says profits on track for City forecasts

Books and magazine specialist WH Smith told investors on Thursday that it is confident its annual results will come in line with City forecasts.

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Worries over Tesco dividend

Worries that Tesco may have to decrease its £1 billion dividend deepened yesterday after a new warning came from one of the brand's activist investors; Harris Associates.

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Macy’s Q2 performance not enough to offset weak start to the year

US department store group Macy’s Inc. on Wednesday announced it had cut its full-year same-store sales, stating that a 3.3 per cent rise in second-quarter sales would not offset weakness from the first quarter.

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Co-op shelves online grocery service plans

The Co-op has put plans on hold to launch an online grocery service, in what was to be an attempt to improve business.

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Prada suffers its worst half-year sales in 3 years

Luxury fashion brand Prada SpA suffered its slowest half-yearly sales growth in three years as it continues to battle against weak demand for its brand in Asia, and European markets remain unstable.

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Ralph Lauren enjoy 3 per cent Q1 revenue rise

Ralph Lauren revealed a net income of $162 million for the first quarter of fiscal 2015 – compared with a net income of $181 million for the same period of 2014.

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Asos shares drop to 18 month low

Shares in online only fashion retailer Asos fell to an 18 month low yesterday after Liberum Capital said it expected to see the company’s advantage in the sector “eroded” over the next few months.

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Michael Kors shares dip despite 43% leap in revenues

Shares fell more than 7 per cent in early trading on Monday after the luxury fashion retailer warned that it expects margins to shrink for the year after investing more in European expansion.

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