profit

Keller’s pre-tax profit fell by 17 per cent in 2022, after the company uncovered an £18m reporting fraud in its Australian business. The UK-headquartered geotechnical contractor made £56m profit across the year, from a turnover of £2.9bn. The group said that around £18.3m had gone missing from its balance sheet due to the fraud –

Housebuilding giant Persimmon has revealed a 24 per cent drop in annual pre-tax profit, reflecting the impact of a £275m provision to address the post-Grenfell building-safety crisis.  The FTSE 100-listed firm reported a pre-tax profit of £731m in the year to the end of December 2022, compared with £967m the previous year.  Last November, Persimmon

Housebuilder MJ Gleeson is set to cut around 50 jobs after its pre-tax profit plummeted by a third. The company plans to reduce its 800-strong workforce by around 5 per cent in a reorganisation of its housebuilding arm. The restructure will see the three existing divisions of Gleeson Homes, which oversee nine regional offices, replaced

Today, support for marijuana legalization has become mainstream, and the cannabis industry is one of the fastest growing. Some people support the legalization of this business. At the same time, opponents say marijuana poses a public health and safety risk, and some are morally against legalization.Nevertheless, each year, new cannabis legislation or ballot referendums open

The bank's net interest margin for the quarter improved to 3.27% as against 2.4% in the year-ago period, helped by a 12 basis points fall in average cost of deposits. Average yield on advances rose 89 basis points. Net interest income grew 44% year-on-year at…

Google’s parent company reported its fourth consecutive drop in quarterly profit, weeks after culling 6 percent of its work force to cut costs.Alphabet, the parent company of Google, has settled into a period of modest growth.Credit...Shannon Stapleton/ReutersBy Nico GrantNico Grant reports on Google and is based in San Francisco.Alphabet, Google’s parent company, has settled into

Colas has returned to profit after complications caused by the COVID-19 pandemic sunk the firm into a loss back in 2020. The contractor tabled a pre-tax profit of £7.9m in the year to 31 December 2021 after a £2.8m loss the year prior. The 2021 profit hike was mainly due to Colas successfully completing a

TClarke is set to boost its profit to around £10m, it has announced. The listed M&E specialist said in a trading update today that it expected to record pre-tax profit of £10.3m for the 12 months to 31 December 2022, up from £7.8m in 2021. It announced in November that it expected revenue to rise