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Ocado makes first pretax profit, targets overseas deal

2015-02-03 13:14:54| Grocery - Topix.net

British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history on Tuesday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries from giant distribution centres as the future of grocery shopping and others seeing it as a costly and complicated venture that will never make much money.

Tags: makes deal profit targets

GM predicts pretax earnings, profit margin rise in 2015

2015-01-14 17:16:48| Automakers - Topix.net

General Motors says it expects pretax earnings and profit margins to increase this year over last, after adjusting last year for recall costs. At a Deutsche Bank automotive conference in Detroit on Wednesday, GM also reiterated 2016 financial targets of 10 percent pretax profit margins in North America and a return to profitability in Europe, where it last made a full-year profit in 1999.

Tags: rise profit earnings margin

Delta projects $5 billion in pretax income next year

2014-12-11 22:34:57| Airlines - Topix.net

Delta Air Lines on Thursday projected its pretax income will jump 11 percent to $5 billion next year, as the airline expects to benefit from lower fuel prices and increasing capacity. As part of its investor-day presentation, Atlanta-based Delta said low fuel prices could result in a $1.7 billion benefit for the company next year.

Tags: next year projects income