profit

Its savings from its tariff exemptions will probably outpace its revenue and profit reductions from price cuts.

A company providing accommodation to asylum seekers has made nearly £187m in profits since being awarded lucrative government contracts, despite allegations of "terrible" conditions at the hotels it uses.

Victims were told by Watkin he had contacts that could give access to the handbags and they could split the profits on resale.

Under the terms of their new policy, the Greens would put more regulation and taxes on private rentals to make it difficult for landlords to make a profit, while boosting housebuilding by councils.

For a company that made a £2.5bn profit in the last financial year, and which is owned by the Indian giant Tata Group, the losses should be painful but not fatal.