Posts Tagged ‘annual’
Nationwide reports rise in underlying pre-tax profits
Britain’s largest building society, Nationwide, has today posted a surge in underlying pre-tax profits. Nationwide said pre-tax profits fell 7% to £317 million – primarily due to accounting changes. However, underlying profits surged 30% to £276 million in the year to 4 April. Meanwhile, the amount written off for bad loans to customers dropped by [...]
M&S profits up but is cautious about consumer spending pressures
British retailing giant Marks & Spencer (M&S) has today reported a 13% rise in annual profits to £714.3 million. Meanwhile, international sales grew 6.1%, while sales in the online operation rose 31%. However, despite the positive figures, the 127-year-old retailer which sells clothes, food and homewares, said the coming year will be challenging due to [...]