Prime property in London ticks down amid Starmer ‘plans to penalise wealth’ September 25, 2024 Demand for prime property ticked down in the third quarter of the year as buyers returned to ‘wait-and-see’ mode ahead of the Autumn budget. The prime property market has been up and down this year; buyers held back ahead of the July election but returned to the market over summer. Now they nervously await potential [...]
FTSE 100 today: London markets set to open lower as global sentiment deteriorates June 17, 2024 Asian stocks fell due to weak Chinese data and concerns over a political crisis in France. Focus on the Bank of England's policy decision.
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.
River Island ‘positive’ about future despite £30m losses October 10, 2024 High street retailer River Island has slipped into the red with a £30m loss before tax as it struggles to hold up against online competition and rising costs. The company reported a loss before tax of £32.3m in 2023, down from profit of £7.5m in 2022, according to newly-filed accounts with Companies House. Turnover fell [...]
Mcvitie’s white chocolate digestives help boost biscuit giant’s profit by £130m October 8, 2024 The introduction of white chocolate digestives helped boost the owner of biscuit giant Mcvitie’s by almost £130m during its latest financial year. Pladis Foods has reported a pre-tax profit of £131.3m for 2023, up from the £2.8m it posted for 2022. Newly-filed accounts with Companies House also show its revenue increased from £2.54bn to £2.75bn [...]
Unite Students: Record demand for beds amid university housing shortages October 8, 2024 Unite Students has reported strong growth and nearly-full student accommodation blocks amid record demand from students and still-constrained supply. Unite told markets this morning that like-for-like rental growth was 8.2 per cent and occupancy was 97.5 per cent for the 2024/25 academic year. The firm retained its guidance and said it expected rental growth to [...]
Sweet Dreams for bed retailer as sales near milestone October 7, 2024 Sales at bed retailer Dreams increased towards a new milestone as its profit remained steady during its latest financial year. The Buckinghamshire-headquartered chain has reported a turnover of £395.4m for 2023, up from the £387m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit dipped slightly from £50m to £49.3m [...]
Booking.com: Wages and bonuses surge as UK sales jump October 4, 2024 Wages and bonuses surged at the UK arm of Booking.com as its turnover jumped by £50m during its latest financial year. The division’s wage bill jumped from £20.7m to £32.2m in 2023 because of a surge in salaries and bonuses handed out to top staff. The increase comes as its headcount grew to almost 300 [...]
Autoglass owner’s profit more than doubles as sales accelerate October 1, 2024 Profit surged by 120 per cent at the owner of Autoglass as its sales jumped to almost £500m during its latest financial year. Belron International, which is headquartered in Surrey, has reported a pre-tax profit of £336.8m for 2023, up from the £155.3m it achieved in 2022.Belron International Newly-filed accounts with Companies House also show [...]
Ringgo: Sales and profit rise as motorists ditch cash to pay for parking September 30, 2024 The number of motorists using pay by phone parking service Ringgo passing 10m helped both its sales and profit increase during its latest financial year. The Basingstoke-headquartered business has reported a turnover of £29.9m for 2023, up from the £25.8m it achieved in 2022. Newly-filed accounts with Companies House also show the firm’s pre-tax profit [...]