Lloyds Banking Group (LLOY) has revealed that annual profits slumped by more than a quarter to £4.39 billion, after it was hit by a £2.5 billion bill for the payment protection insurance (PPI) scandal.
Ashley (Laura) Holding (ALY)‘s losses have ballooned in a tough year for the fashion retailer, as it continues to stay afloat despite serious worries over the business’s finances. The loss before tax hit £4 million in 2019, up from £1.5 million the year before.
Revenue and profit jumped at defence giant BAE Systems (BA.) in 2019, the company said, as it announced a new deal for its pension pot. The company’s revenue hit £18.3 billion, while operating profit grew to nearly £1.9 billion.
