Posts Tagged ‘cautious’
Co-operative Group reports record 2010 performance
Britain’s largest mutually-owned retailer, the Co-operative Group, has today posted “record” results for the 2010 year. The group said underlying operating profits before significant items surged 48% to £545.7 million compared with £367.9 million the year before. Group sales were 10% higher at £13.7 billion. Earnings at the group have been boosted by its acquisition [...]
Bovis sees encouraging start to the year
Housebuilder Bovis Homes issued a positive statement today after saying 2011 had started well for the company and it will resume dividend payments. According to the company, pre-tax profits for 2010 were £18.5 million – more than double the £7.5 million it reported for the 2009 year. Revenues were up 6% at £298.6 million and [...]
Taylor Wimpey returns to full-year profit
Taylor Wimpey, which was formed by the merger of Taylor Woodrow and George Wimpey, today said it had returned to profitability but remains cautious. The housebuilder, which is the country’s third largest by value, said pre-tax profit before exceptional items came in at £75.1 million for the 2010 year – against a loss of £96.1 [...]
Q2 like-for-like sales fall at Asda
Supermarket giant Asda has today announced like-for-like sales (excluding fuel) declined by 0.4% in the second quarter. The fall was attributed to the tough austerity measures introduced by the Government, which has hit consumers, according to Asda. “Asda’s customers are facing recently announced tax increases and cuts in Government spending,” it said in a statement. [...]