Annual profits

Reckitt Benckiser PLC Announces Annual Profit Increase as It Prepares to Acquire Mead Johnson for US $ 17 Billion

Mead Johnson’s first full-year contribution helped push revenue up the range, while bottom line also benefited Reckitt Benckiser PLC (LON: RB.) Reported an increase in annual sales and profits after enjoying “widespread growth” in its portfolio of consumer goods brands. Revenue for the year ended Dec.31 increased 10% to £ 12.60 billion – the upper […]

Annual profits

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

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 in […]

Annual profits

United Wholesale (Scotland) posts stable annual profits despite rising sales

Cash and carry group United Wholesale (Scotland) posted stable profits for the full year 2016 through December despite sales up 3.3% to £ 234 million. The Glasgow-based group, which operates under the Day Today and U-Save brands, said 2016 sales were boosted by the October 2015 acquisition of M9 Cash & Carry, which operates out […]

Annual profits

Highland Spring announces 14% increase in annual profits to £ 4.9million

Highland Spring reported a 14% increase in annual profits to £ 4.9million, despite falling almost 3% in revenue to £ 100million. The Perthshire-based bottled water supplier presented its trading figures in an update instead of accounts filed with Companies House. Read more Related Articles Highland Spring said that a distribution deal it signed in 2015 […]

Annual profits

How API adoption can increase annual profits

The success of digital platforms can be measured by many metrics, including increased customer adoption, network and revenue effects, and profit increases. Less clear, however, is the value that the application programming interfaces (APIs) that underpin these platforms contribute to the computation. New research suggests using APIs to facilitate digital transactions increases annual net income […]