Hospitality sector shows ‘cautious confidence’ as rate of closures slows May 8, 2024 Venue closures in Britain have slowed this year thanks to a "modest revival" in independent restaurants and dining, a new report has revealed.
Wickes plots expansion in home solar energy market after slight profit boost in 2023 March 19, 2024 Pretax profit in 2023 was slightly higher than 2022, rising to £41.1m from £40.3m.
The day the music sort of died: Nightclub giant Rekom calls in the administrators January 15, 2024 Rekom, the UK's biggest nightclub firm, is planning to call in administrators just three years after being rescued for a major restructuring that could see a number of venues permanently close.
Rising costs force owner of Blackpool’s piers into the red August 6, 2024 The company the owns Blackpool’s three iconic piers fell into the red during its latest financial year, it has been revealed. The Blackpool Pier Company, which owns the South, Central and North piers on city’s Promenade, has posted a pre-tax loss of £335,652 after reporting a pre-tax profit of £354,231 in 2022. According to newly-filed [...]
Consumer confidence continues to rise amid cost-of-living woes September 22, 2023 Consumer confidence is continuing to rise against a backdrop of falling inflation – but many households are continuing to struggle with cost-of-living pressures, according to a survey. GfK’s long-running Consumer Confidence Index increased four points in September, but remains at a subdued minus 21. Expectations for the UK’s wider economy over the next 12 months [...]
Paragon Banking: Buy-to-let specialist posts surge in profit and raises buyback June 5, 2024 Paragon Banking Group, one of Britain's leading buy-to-let mortgage lenders, has reported a surge in profit and boosted its share buyback programme, despite a drop in home loan volumes as higher interest rates put off borrowers.
Majestic Wine toasts best-ever Christmas as consumers quaff fine wine January 9, 2024 Majestic Wines toasted its best ever Christmas in its 43-year history as more than 60,000 customers shopped with the store for the first time.
Mike Ashley beefs up Frasers with bargain Matchesfashion deal December 20, 2023 Retail tycoon Mike Ashley has bought yet another struggling retail brand, snapping up Matchesfashion in a discounted deal.
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023 January 29, 2024 In the final quarter of last year, listed companies issued 77 profit warnings according to EY's profit warnings monitor.
London rents: Good news – historically high rates are only going up a little bit March 20, 2024 The rate at which rental costs are rising have slowed, but prices still remain at their most expensive when compared to earnings in over a decade, according to a new report by Zoopla.