More record profits...
 

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More record profits for companies

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 DT78
Posts: 10064
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Front page of the beeb - british gas making record profits, earlier in the week it was unilever

I mean wtf is going on.  With people being severely squeezed, yet energy and food companies reporting record profits....

Just not right.


 
Posted : 27/07/2023 11:28 am
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They're all just taking advantage of people knowing that prices are going up. Companies don't need to put their prices up so much, but if people expect it then they will do it.

Scum bags, the lot of them.


 
Posted : 27/07/2023 11:34 am
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Dont worry.
The tories will be demanding they cut profits to help prevent inflation any moment now.
Just as soon as they finish trying to keep wages down.


 
Posted : 27/07/2023 11:41 am
 rone
Posts: 9325
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Oooh I wonder what is driving inflation ? (Clue: core inflation =interest rate rises and price gouging. )

There is transfer of wealth taking place at the worst time possible.

We will never learn whilst there is no other system on offer or to fight for.

Centre-right loveliness. Good old UK Plc.

Thanks Starmer for being totally useless in having something worth-while you could be pushing against but choose to dribble on about reform and other vapid nonsense.

In a few days we will all have forgotten about it anyway.


 
Posted : 27/07/2023 11:43 am
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Well I've just looked and the no1 album is £34.99 on vinyl at HMV and the no2 is £49.99. I expect there are a lot of record profits.


 
Posted : 27/07/2023 11:52 am
Caher and toby reacted
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same for our company, £1bn EBITDA for q2, lay off another 2k (10% workforce) for no other reason than they can.

even with 18k workers we were making £60k ebitda per quarter.. near enough £250k pa.. over double our rivals

moral is so bad, 1 in every 2 employees feels undervalued.


 
Posted : 27/07/2023 11:52 am
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same for our company, £1bn EBITDA for q2, lay off another 2k (10% workforce) for no other reason than they can.

even with 18k workers we were making £60k ebitda per quarter.. near enough £250k pa.. over double our rivals

moral is so bad, 1 in every 2 employees feels undervalued.

It's what they voted for, they just didn't expect it to happen to THEM.

We've just had our T&C's changed (for the worse); two choices, accept the changes or accept you've made yourself redundant without compensation.


 
Posted : 27/07/2023 12:04 pm
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I've had a couple of conversations recently with people wary of working for large shareholder or PE-owned companies. The ethics of how/why profit is made, the way it can go for staff, the lack of stability, past experiences etc can all add up against those companies. I realise small privately-owned companies can be a gamble too and it's not all about ownership, it's just interesting how there seems to be a resentment or wariness of profit-at-all-cost companies among people I'd consider highly employable, able and ethical. I suspect it's a wider trend.

I should add, I worked at a company that was PE-owned and only have positive things to say about the owners at that time. I think it's the stage of growth and what/who they generate profits for that you need to look at - large, later-stage companies probably more likely to use British Gas style of hire and re-fire, profit-over-everything management?


 
Posted : 27/07/2023 12:17 pm
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I mean wtf is going on.

Off the scale corruption?


 
Posted : 27/07/2023 12:19 pm
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Well I’ve just looked and the no1 album is £34.99 on vinyl at HMV and the no2 is £49.99. I expect there are a lot of record profits.

How many millions they sold?


 
Posted : 27/07/2023 12:22 pm
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Off the scale corruption?

Yeah. The Tories are funded by donations from business, and taxes. One of those things is pretty much fixed and the other they can manipulate very effectively, any party can and will do that to some extent but I suspect the current lot are milking it more than ever.


 
Posted : 27/07/2023 12:22 pm

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