A new Newlon resident tells us how becoming a Shared Owner has given her a sense of pride and achievement.
Harley-Davidson: Iconic motorbike brand riding high as profit surges despite sales slump August 15, 2024 The UK arm of the iconic motorbike brand Harley-Davidson has seen its profit surge despite a dip in revenue, thanks to a reduction in its production costs, according to newly-filed documents. The US brand, which runs its UK division from its headquarters in Oxfordshire, saw its pre-tax profit soar to €31m (£26m) in 2023, up [...]
B&Q owner Kingfisher’s profits slump nearly 40 per cent although Covid backlog may yet boost DIY chain’s bottom line March 21, 2023 B&Q owner Kingfisher reported a sales slowdown as the DIY giant felt the hit from Brits scaling back on home improvements. For the year ending 31 January 2023 Kingfisher, which also owns brands such as Screwfix, posted pre-tax profits of £611m, down 39.3 per cent from £1.7bn in the same period last year. As shoppers [...]
Superdry’s restructuring plan receives court approval as retailer tries to avoid administration June 17, 2024 Troubled fashion retailer Superdry has received court approval for its restructuring strategy as it looks to avoid administration.
Fuller’s pub chain optimistic on easing inflation and urges business rates cut July 23, 2024 Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
Balanced Commercial Property Trust sheds more offices amid ‘challenging’ market July 12, 2024 The commercial property investor Balanced Commercial Property Trust has shed more offices as part of its strategy to focus more on the food and beverage sector.
Next: Can the retail powerhouse continue its strong summer momentum? September 17, 2023 Next has continued to defy expectations, with the retail giant continuing to outperform rivals
Matalan takes huge step towards the black despite sales dip June 25, 2024 Matalan's pre-tax loss was slashed during its latest financial year despite its sale dipping, according to new figures.
The Body Shop owners sell ‘avant-garde’ skincare brand Aesop to L’Oréal for £2.5bn April 4, 2023 L’Oreal has agreed to buy Australian skin care brand Aesop for $2.5bn (£2bn). The French cosmetics giant snapped up the brand from Natura &Co – owners of British retailer The Body Shop. Since its formation over 30 years ago, Aesop has grown greatly in popularity and is most known for its hand soaps and body [...]
Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
DFS cuts revenue guidance after muted UK retail Christmas January 19, 2024 The furniture retailer still expects to meet underlying profit guidance despite a fall in demand