Browsing: profit

What happens to companies when owners are required to give a percentage of their profits to employees? A new study of French firms finds that profit sharing is an effective way to get more money into the hands of workers on the lower end of the pay scale without affecting operations.

Pros kept building even as DIYers took a breather, and that was enough for Kingfisher to lift its outlook. The home-improvement group now sees adjusted pretax profit landing between £595 million and £635 million, compared with a prior range of £565 million to £625 million. Investors liked it, pushing the shares up as much as…