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Deutsche Bank threatens deeper cost cuts as profits dive

2016-07-27 09:18:57| BBC News | Business | UK Edition

Deutsche Bank warns further cost cutting might be needed as profits dive 98% in the second quarter amid low interest rates and volatile markets.

Tags: cost bank deutsche cuts

 

KPN Q2 sales fall 3.7%, profits increase on cost cuts

2016-07-27 08:19:00| Telecompaper Headlines

(Telecompaper) KPN reported second-quarter sales down 3.7 percent to EUR 1.68 billion, while EBITDA was up 1.9 percent to EUR 579 million thanks to cost reductions. EBIT increased 21 percent to EUR 205 million, and net profit rose 1.3 percent to EUR 162 million. Capital expenditure at the Dutch operator edged 2.0 percent higher at EUR 312 million, and free cash flow increased 9.5 percent to EUR 254 million. KPN maintained its outlook for flat EBITDA, capex of EUR 1.2 billion and free cash flow over EUR 650 million in 2016.

Tags: sales cost increase fall

 
 

BP profits hit by lower oil price

2016-07-26 10:09:58| BBC News | Business | UK Edition

Second-quarter profits at oil giant BP almost halve from a year earlier as the company suffers from lower oil prices and weak refining margins.

Tags: price lower hit oil

 

Royal Mint sees big rise in profits to 13.1m

2016-07-26 09:00:03| BBC News | Business | UK Edition

The Royal Mint announces a big rise in profits to 13.1m for 2015/16.

Tags: big rise royal sees

 

Scotch volumes drop hits Edrington as FY profits fall - results

2016-07-25 18:05:42| Daily beverage news and comment - from just-drinks.com

Edrington has posted a a drop in full-year profits as its core Scotch brands, The Macallan and The Famous Grouse, lost volumes in key markets.

Tags: results fall hits drop

 

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