Today Sainbugs announce hooooge profits
UK supermarket group J. Sainsbury has said both sales and profits rose over the year to 31 March. Underlying pre-tax profit from the retailer's core operations rose 17.5% to ?671m ($1bn).
Yesterday it was BT
BT has announced third-quarter pre-tax profits of ?209m, up from last year's figure of ?81m. Third-quarter revenue was down four per cent at ?5.2bn from 2008's ?5.4bn.
And note that is only one quarter (3 months)
And so it goes on and on. Major companies make enormous profits, find every possible way of reducing their tax bill and claim they need the cash for investment in the business.
Bollix .... take their profits (it is our money that we spend with them anyway) for two years and clear the country's debts. It will be in the companies best interests in the end 'Cos if the country's economy goes the same way as Greece then it is the largest companies that will suffer most. Invest in your country you b@st@rds.
