#profit-decline

#profit-decline

General Motors reported a 35 percent drop in second-quarter profits, totaling $1.9 billion, significantly impacted by $1.1 billion in tariffs imposed by the United States.

The sharp decline in profits is primarily due to the absence of a $1.3 billion windfall from the disposal of EG's UK convenience retail business.

The Government has been in place for five months with a 20 seat majority and nothing has been done, despite election commitments, to sort this out.

"Weaker pricing and falling demand has impacted the company and Travis Perkins is facing a 'challenging' year as there is less demand in the sector."

Despite a decrease in profits, JD Wetherspoon's total revenue showed a solid 3.9% growth, reflecting strength in its sales strategy and demand for its offerings.

BMW's net profit for the third quarter plummeted 84 percent, reaching 476 million euros, which was even worse than analysts anticipated, signaling severe struggles.