Santander UK profits take 21% hit on ‘competitive pressures’

Santander UK saw its pre-tax profits fall by 14 per cent to £1.6billion in the last year, as it battles against ‘continued income and cost pressures. in over three years ‘despite the highly.

Santander UK profits slip on weak pound.. The introduction of an 8% bank corporation tax surcharge also hit UK earnings, it said.. Santander UK told the BBC it had increased lending and was.

Apple and Google could take a big hit to sales and profits Should all this pressure on the app-store commissions lead to decreased prices, the two giants could take a big hit, Schachter said.

There has been hardly any progress regarding the U.S.-Chinese trade deal. On Sunday, Chinese officials and trade negotiators warned the U.S. of using pressure to force a trade deal on China. “If.

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Santander UK’s profits fell 14.7 per cent to 1.68bn (1.44bn) in 2016, driven by a weakening pound and a new ban tax surcharge. accounting for currency movement in 2016 the drop was 4 per cent. Additionally, Santander says an 8 per cent bank corporation tax surcharge hit UK profits.

Competition watchdog probes trade data exchange between hotel operators – “The exchange of such commercially sensitive information would reduce the competitive pressure on prices/contract terms offered. We do not condone any of our employees engaging in such conduct and.

The formula won it friends, and proved successful, but has lately hit some road bumps evidenced by a nasty profit warning. Sure, the mortgage market has been competitive of late, but that happens..

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High street banking giant Santander has revealed a 21% slump in profit after taking another hit from failed construction giant Carillion and suffering "competitive pressures". The Spanish-owned.

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