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The operating profit of Tesco, the largest retailer in the UK, without taking into account one-time balance sheet items, rose 24.4% year-on-year to £933 million in the first fiscal half ended August 25, finversia.ru reports citing company reporting. Significant growth in profits was due to the acquisition of the wholesale operator Booker, as well as the high performance of the company's main business during the summer period. In the second quarter, Tesco recorded a growth in comparable sales in the UK market by 2.5% after rising 2.1% a quarter earlier. The growth in comparable sales at Booker was 15.1%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Singapore’s trade ministry announced on Tuesday that the city-state lowered its gross domestic product outlook for 2020. It had cut its GDP forecast for the third time already as the virus-beaten economy prepares for its steepest recession. Singapore’s ...
KYC Policy