Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.42
    +0.06 (+0.07%)
     

  • GOLD FUTURES

    2,335.90
    -6.20 (-0.26%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,347.17
    -320.60 (-0.60%)
     

  • CMC Crypto 200

    1,429.19
    +14.43 (+1.02%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Spain's Inditex H1 profit up 8 percent, just above forecast

Reuters - UK Focus

MADRID, Sept 21 (Reuters) - The world's biggest clothing retailer Inditex (Amsterdam: IT6.AS - news) on Wednesday reported first half net profit up 8 percent from a year ago driven higher by strong sales as it focuses on flag-ship stores and its online platforms.

Inditex's solid earnings set it apart from European peers such as H&M and Next (Frankfurt: 779551 - news) , which blamed a warm winter and a cold spring for below-forecast figures last week and consistently have lagged behind their Spanish rival.

Inditex's net profit was 1.26 billion euros ($1.40 billion), just above a Reuters polled forecast of 1.25 billion euros, on earnings before interest, tax, depreciation and amortisation (EBITDA) of 2.11 billion euros.

A Reuters poll forecast EBITDA of 2.1 billion euros for the six months from February to July. ($1 = 0.8985 euros) (Reporting by Angus Berwick; Editing by Paul Day)