Finance Matters

When Finance Matters

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Posts Tagged ‘pre-tax profits’

Nationwide reports rise in underlying pre-tax profits

May 25th, 2011 | Author: Kay Murchie

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 [...]

Posted in Finance Matters | Tags: All Financial News, annual, Banking News, consolidation, downgrade, Moody's, mutual, Nationwide Building Society, pre-tax profits, rise, sector, Tier 1 ratio | Comments Closed

Bellway reports encouraging start to 2011

March 30th, 2011 | Author: Kay Murchie

Newcastle-based housebuilder Bellway has today reported a 26% rise in first-half profit and experienced strong activity in home buying since the start of 2011. The housebuilder, which is the fifth largest by market value, said pre-tax profits came in at £24 million for the six month period to the end of January – compared with [...]

Posted in Finance Matters | Tags: activity, All Financial News, Bellway, housing market, interim dividend, pre-tax profits, profits, Property News, rise, sales, subdued | Comments Closed

Persimmon encouraged by strong start in 2011

March 2nd, 2011 | Author: Kay Murchie

Persimmon, which is the UK’s largest housebuilder by market value, has announced full-year underlying pre-tax profit jumped to £95.5 million compared with £7 million in the previous year. The company said it sold more homes at higher prices and it is “encouraged” by the group’s performance in the first two months of the year, with [...]

Posted in Finance Matters | Tags: All Financial News, challenging, Company News, encouraged, Persimmon, pre-tax profits, Property News, rise, sales, strong start | Comments Closed

Bovis: Consumers hit by spending cuts and tax hikes

August 23rd, 2010 | Author: Kay Murchie

Housebuilder Bovis Homes has today claimed the coalition Government’s spending cuts and tax hikes have dented consumer confidence. Its claim comes as the company reported a pre-tax profit of £3.5 million in the first half of 2010, compared with a loss of £8.6 million for the same period last year, Meanwhile, it added it planned [...]

Posted in Finance Matters | Tags: All Financial News, Bovis Homes, confidence, consumer, emergency budget, first half, housing market, pre-tax profits, Property News, shift, spending cuts, tax hikes | Comments Closed

M&S announces 4.6% rise in pre-tax profits

May 25th, 2010 | Author: Kay Murchie

British retailing giant, Marks and Spencer (M&S), has today announced pre-tax profits totalled £632.5 million for the 12 months to 27 March – a rise of 4.6% on the same period a year ago.
UK like-for-like sales, which strip out the impact of new store openings, grew 0.9% over the 12-month period.
Sales of general [...]

Posted in Finance Matters | Tags: All Financial News, cautious, Company News, consumers, Economy News, emergency budget, M&S, Marks and Spencer, outlook, pre-tax profits, rise | Comments Closed