Profit slashed in half at Swiss watch brand Swatch September 6, 2024 Profit at Swiss watch brand Swatch was cut by more than half during its latest financial year despite its sales increasing further past the £200m mark. The London-headquartered division has reported a pre-tax profit of £11.1m for 2023, down from the £23.6m it posted for 2022. According to newly-filed accounts with Companies House, Swatch has [...]
London estate agent Dexters continues growth on improved market share and Marsh & Parsons deal June 25, 2024 The largest London-only property specialist has continued its unstinting track record of year-on-year growth in 2023, suggesting the capital's property market remains in vibrant despite restrictive supply and higher rates choking off demand.
Uniqlo: Viral TikTok trend helps boost European sales past £1bn April 15, 2024 Uniqlo's sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed.
Demand for Nissan’s Qashqai helps UK sales drive past £5bn April 12, 2024 Based out of its Sunderland factory, Nissan's UK arm has reported its sales increased from £3.6bn in the year to March 31, 2023, while its pre-tax profits went from £35.6m to £31.9m.
Abramovich £2.5bn Chelsea sale proceeds release held up by ‘disagreement’, Lords told December 12, 2023 Abramovich was forced to sell the football club last year.
Mark Kleinman: FCA row risks casting shadow over City set-piece May 16, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Unilever considers sale of Kate Somerville’s skincare line August 27, 2024 Kate Somerville’s premium skincare brand has become the latest Unilever brand to go up for sale as the group continues its restructuring plan announced earlier in the year. As well as Somerville’s eponymous facialist line, which the FTSE-100 giant has owned since 2015, it is also looking to offload sensitive-skincare specialist REN Skincare, according to [...]
Arts and crafts giant Hobbycraft sold to Ted Baker investor August 27, 2024 Hobbycraft, which is one of the UK’s biggest arts and crafts retailers, has been snapped up by a specialist investor whose team has previously supported chains including Paperchase and Tie Rack. Investment group Modella Capital announced it had bought the Bournemouth-headquartered company from its majority owner, the fund management group Bridgepoint, for an undisclosed sum. [...]
Sluggish housing market hits homebuilder Redrow November 10, 2023 Redrow stuck by its guidance on Friday but warned that the results will be towards the lower end of the range it had previously given as the market was “subdued” this autumn.
Kenwood sales soar as shoppers flock to buy toasters and kitchen mixers online June 26, 2024 British kitchen appliances manufacturer Kenwood has seen a huge jump in sales with the company crediting the ever-growing number of customers buying its products online.