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...Revolut, by contrast, is still going through a protracted and distracting saga as it attempts to gain a licence from UK regulators....
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...Bentley meanwhile has had an almost 10-fold rise in profits since 2019 to €589mn last year, driven by what the company called “jaw-dropping” levels of spending on customisation....
...The Paris-based lender reported net profits of €3.1bn for the quarter, down 30 per cent from a year earlier, when it booked a €3bn capital gain on its sale of California-based Bank of the West....
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...MTN, Africa’s biggest mobile company by subscribers, has warned that it expects annual profits to plunge by as much as 90 per cent following the sharp devaluation of the Nigerian naira....
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...Douglas is named after Scottish entrepreneur John Sharp Douglas, who in 1821 opened a soap factory in Hamburg....
...SoftBank earned a $6.4bn quarterly profit — its first for more than a year — bolstered by gains from companies such as TikTok owner ByteDance, food delivery app DoorDash and a “recovery in public assets”...
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
...Profits across the group increased 8 per cent to €15.2bn....
...Hong Kong Exchanges and Clearing reported a sharp fall in fourth-quarter profits on the back of subdued trading and fewer new listings for the stock exchange, as outgoing chief executive Nicolas Aguzin acknowledged...
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...The government believes as much as €11bn — nearly half of this year’s projected €24.5bn corporation tax haul — amounts to a “windfall” of exceptional profits paid by a small number of firms....
...It told investors that the gains were largely driven by the recent sell-off in bond markets....
...However, the new rules are likely to principally benefit profit-seeking plaintiff law firms and litigation-funding companies,” he said....
...A long-running shortage of foreign exchange and a sharp devaluation of the naira pose a double blow for multinationals....
...profit and earnings per share....
...Conventional gilts redeem at £100, so if the price quoted is less than that, you will receive a profit when the bond matures....
...While its latest forecast of a net loss of ¥28bn ($191mn) for the fiscal year is a sharp reversal from previous expectations that it would turn a profit, it would be its first loss in 15 years....
...The head of Japan’s biggest recruitment agency says artificial intelligence will resolve the country’s labour shortages, but has warned its usefulness will be limited until people gain more trust in the...
...At the same time, banks are expected to pass on more of the gains of rising interest rates to their customers, which will reduce their net interest income....
...The bank’s profits rose 28 per cent in the first quarter, buoyed by its hallmark trading business....
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...The flagship division recorded a 9 per cent gain in sales in the fourth quarter of 2023....
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