Beer
fromBusiness Matters
1 week agoUK pubs making just 3p profit per 1 as rising costs squeeze margins
UK pubs are facing a profitability crisis, with operators left with only 3p profit for every £1 spent on a pint.
German car manufacturers turned in their worst quarter since the days of the 2009 global financial crisis, according to a study released Monday by financial consultancy EY. Together, earnings before interest and taxes (EBIT) at Germany's biggest automakers, Volkswagen, BMW and Mercedes-Benz, plummeted by nearly 76% in the quarter between July and September. The statistics indicate that although sales and revenue remained stable, production and running the business has become much more expensive, and carmakers are earning less from sales.