Pirelli: ‘Strong’ UK price rises helps sales near £500m at tyre giant September 30, 2024 The UK arm of Pirelli has said “strong” price rises helped its sales and pre-tax profit accelerate during its latest financial year. The company has reported a turnover of £471.3m for 2023, up from the £419.3m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £11.5m to £14.3m [...]
UK signs trade pact with Thailand in bid to boost exports September 18, 2024 The UK has signed an enhanced trade pact with Thailand in an effort to boost British exports and drive investment. Trade minister Douglas Alexander inked the enhanced trade partnership (ETP) agreement with Thai commerce minister Pichai Naripthaphan in Bangkok this morning (Wednesday). It came during the Blair-era minister’s first visit to Asia after being re-elected [...]
Europcar: Airport passengers help UK sales pass milestone August 28, 2024 An increase in people hiring cars at airports helped revenue at the UK arm of Europcar surpass £400m during its latest financial year. The Leicester-headquartered division has reported a revenue of £403.8m for 2023, up from the £363.5m it posted for 2022. Newly-filed accounts with Companies House also show that its pre-tax profit jumped from [...]
Seeing Machines: Revenue accelerates but losses mount as transition drags August 28, 2024 Driver monitoring technology company Seeing Machines has reported an expected revenue of $67.6m (£51.1m) for its financial year 2024, marking a 17 per cent jump from $57.8m (£43.7m) reported for 2023. Annualised recurring revenue climbed 11 per cent year-on-year to $15.1m (£11.4m) from $13.6m (£10.3m) the previous year. The company’s technology is now deployed in [...]
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]
New car market has strongest February in 20 years as firms invest in fresh wheels March 5, 2024 The UK's new car market has recorded its best February in two decades, according to the latest date from the SMMT.