Secret Escapes: Post-pandemic demand helps significantly cut loss September 19, 2024 A surge in post-pandemic demand helped sales at jump by more than £60m at Secret Escapes in a move that helped to significantly cut its pre-tax loss. The London-headquartered group has reported a revenue of £170m for 2023, up from the £108m it posted for 2022. Newly-filed accounts with Companies House have also revealed that [...]
Why launch an AIM VCT now? First in 17 years debuts September 19, 2024 The first venture capital trust focused on the AIM market in 17 years has been launched by Puma, despite fears over the strength of London’s junior market. AIM stocks have not performed well in recent years, with its index falling 40 per cent over the last three years, compared to a 21 rise in the [...]
Victoria Beckham’s beauty brand bucks luxury fashion downturn again August 28, 2024 Victoria Beckham’s eponymous beauty brand has reported its third consecutive year of double-digit growth, bucking the trend of much of the luxury market. Its positive results came after it clambered out of the red in 2022 for the first time since its inception in 2008, despite a tough industry. Total revenue rose by 52 per [...]
London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
Clarks slips into the red despite sales stepping towards £1bn May 30, 2024 Clarks fell to a loss of almost £40m in 2023 despite its revenue increasing to almost £1bn during the year, it has been revealed.
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Flexjet: Increasing popularity of private jets helps UK sales soar August 20, 2024 The UK arm of private jet company Flexjet is eyeing further growth in Europe after increasing its sales and cutting its pre-tax loss during its latest financial year. The London-based division of Flexjet, which operates in the fractional ownership market, has posted a turnover of £40.9m for 2023, up from £38.4m in 2022. Newly-filed accounts [...]
Foxtons’ shares up almost 13 per cent after revenue spikes by a quarter on last year October 27, 2022 Estate agent Foxtons’ shares were up almost 13 per cent after it reported a 25 per cent spike in revenue in the third quarter compared to 2021. Its overall intake was at £43.8m for three months to September compared to £35.1m last year in the same period. Following its reported results, Foxtons shares went up [...]
Pinewood: Strong start for iconic studio ahead of Marvel’s The Fantastic Four boost August 7, 2024 Pinewood saw its turnover jump by almost 40 per cent in the months ahead of filming of Marvel’s The Fantastic Four: First Steps starting at the iconic film studio. The group behind the studio has reported a turnover of £49.3m for the three months to June 30, 2024, up from £35.6m. Pinewood said that it [...]
Center Parcs: Holiday giant’s profit hit as consumers tighten the purse strings August 1, 2024 Holiday park operator Center Parcs has seen a sharp fall in its pre-tax profit as "lower levels of disposable income" eroded consumer spending, according to newly-filed documents.