Annual profits

Marks & Spencer Reports Sharp Drop in Annual Profits | Mark & ​​Spencer

[ad_1] Marks & Spencer reported a sharp decline in annual profits, revealing deteriorating clothing sales and the costs of closing major stores. The retail giant’s pre-tax profits fell 62% to £ 66.8million after a restructuring bill of £ 514.1million, including £ 321million to pay for the first phase of its plan to close stores. One […]

Corporate profits

For corporate profits, is it as good as it gets?

[ad_1] 1. Peak gains: American corporate profits are growing at breakneck speed. A perfect storm of huge corporate tax cuts, strong economic momentum and rising oil prices are expected to push S&P 500 earnings up nearly 20% this year. Businesses haven’t minted money so quickly since 2010, the first full year after the Great Recession, […]