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Profits

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Taiwanese chipmaker TSMC posts 57% surge in profits thanks to AI boom

Digital Desk -
Taiwan computer chip maker TSMC reported on Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s...
BUSINESS

Samsung reports 10-fold increase in profit as AI drives rebound for memory chips

Digital Desk -
Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence (AI) technologies drives a rebound...
BUSINESS

Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Digital Desk -
Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to...
BUSINESS

Samsung reports decline in profit but anticipates improvement driven by chips

Digital Desk -
Samsung Electronics has reported an annual 34 per cent decline in operating profit for the last quarter as sluggish demands for its TVs and...
BUSINESS

Sony enjoys profit surge as sales jump

Digital Desk -
Sony's fiscal first-quarter profit has nearly quadrupled from a year earlier, boosted by its lucrative image sensor division and other businesses. The figures highlight a...
BUSINESS

BHS buyer ‘threatened to kill chain’s chief executive’

Digital Desk -
The man who bought BHS for £1 from Sir Philip Green threatened to kill the high street chain’s chief executive, a parliamentary hearing has...
BUSINESS

Shutters come down on BHS after no buyer is found for the retail chain

Digital Desk -
BHS is to disappear from the high street, resulting in the loss of up to 11,000 jobs, after administrators failed to find a buyer...
BUSINESS

Halfords profits edge higher as sales increase 1.5%

Digital Desk -
Profits at Halfords have nudged up as the retailer's turnaround continues under chief executive Jill McDonald. The car parts to bicycles firm said full year...
BUSINESS

Volkswagen profits tumble after emissions scandal

Digital Desk -
Volkswagen saw profits tumble by nearly a fifth at the start of 2016 as it continued to grapple with the fall-out from its global...
BUSINESS

Marks & Spencer’s chief warns over profits in price-cutting turnaround plan

Digital Desk -
Marks & Spencer's new boss Steve Rowe has pledged to slash prices and put more staff in stores to turn around its beleaguered clothing...
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