Rolls-Royce promises more after profits rise as airlines recover
Rolls-Royce, the engineering giant known for its plane engines, reported a jump in profit and launched a strategic review into the company. Last year, large engine flying hours rose by 35%, but the engines still spent only two-thirds of the time in the air that they did in 2019. This year Rolls expects engine flying […]
Lloyds bank profits dip on bad-debt charge
[ LONDON: Britain’s Lloyds Banking Group on Wednesday logged a drop in net profit last year as a large charge to cover loan defaults offset the impact of rising interest rates. Profit after tax slid six percent to £5.0 billion ($6.0 billion) last year from 2021, Lloyds said in a statement. The lender set aside […]
Tim Hortons franchisees spar with parent company RBI as rising cost of goods squeezes profits
Breadcrumb Trail Links Retail & Marketing News Chain\’s restaurant owners say product costs have risen at a faster pace than menu prices Published Feb 13, 2023 • Last updated 3 days ago • 6 minute read 5 Comments A pedestrian walks past a Tim Hortons restaurant in downtown Vancouver. Photo by Ben Nelms/Bloomberg Article content Tim […]