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 [...]
Porsche sales accelerate to almost £2bn after sales spike October 9, 2024 A spike in Porsche sales in the UK helped the luxury car maker’s revenue accelerate to almost £2bn, it has been revealed. The Berkshire-headquartered division has reported a revenue of £1.92bn for 2023, up from the £1.34bn it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £24.4m to [...]
Cinch and Webuyanycar owner slashes loss despite used and electric cars woes October 8, 2024 The owner of Cinch and Webuyanycar slashed its loss almost in half despite suffering a sharp drop in the value of used cars in 2023. Constellation Automotive, whose brands also include Marshall Motor Group and BCA, has reported a pre-tax loss of £74.4m for the year to 31 March, 2024, down from the loss of [...]
Barbie blockbuster movie fails to boost sales at Mattel October 8, 2024 The huge success of the Barbie movie in 2023 failed to boost the sales of toy giant Mattel in the UK, it has been revealed. The Berkshire-headquartered division of the US group posted a turnover of £145.5m for the 12 months, down from £162.4m in 2022, according to newly-filed accounts with Companies House. However, its [...]
Trading 212 continues come down after ‘exponential growth’ October 8, 2024 Profit at Trading 212 continued to decline in 2023 after the investing platform’s “exponential growth” in previous years, it has been revealed. The London-based company has reported a pre-tax profit of £32m for its latest financial year, down from the £40.5m it achieved in 2022. The latest total comes after Trading 212 posted a pre-tax [...]
Vistry shares plunge after builder warns on profit October 8, 2024 Vistry shares plunged around a third in early deals this morning after the company issued an unscheduled profit warning. The share price has since stabilised, but it remains down by just over 24 per cent. The group has warned that its profit will be £80m lower than expected this year due to issues with some [...]
Half term is here – grab the wine October 8, 2024 For parents, it probably feels like school has only just begun after the long summer holidays – but here we are headed for half-term. Wine is part of my survival strategy. There are some excellent vineyards to visit and stay at, even with children in tow, and certain places go above and beyond to entertain [...]
Meet the founder searching for the ‘holy grail’ of cancer treatment October 8, 2024 Jennifer Sieg speaks with Hilmar Warenius about how his discovery of a new type of cancer treatment could be well on its way to revolutionising the pharmaceutical industry
Turnover rise for Kenco maker despite coffee lovers buying less after price rises October 7, 2024 Sales at Jacobs Douse Egberts, whose brands include the likes of Kenco and L’or, increased despite fewer people buying coffee after the group upped its prices. The Maidenhead-headquartered UK division of the Netherlands giant said consumers bought less coffee during its latest financial year because it rose its prices because of “exceptional levels of input [...]
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 [...]