Waterstones: Return to the office helps profit almost quadruple Retail The return of employees to offices in major UK city centres helped profit almost quadruple at Waterstones during its latest financial year. The bookseller cited the trend of the return to work as a key factor in its pre-tax profit surging from £11.2m to £42.9m in the 12 months to 27 April, 2024. In newly-filed [...]
Profit hike for owner of Gary Neville’s The Overlap Media Growth in the US helped fuel a surge in both sales and profit at Miroma, the group which previously weighed up a shock £1bn takeover of Channel 4 and the owner of Gary Neville’s The Overlap series. The marketing agency, which also owns a majority stake in Gary Neville’s production company, Buzz 16, has reported [...]
Innocent Drinks slashes loss after overcoming ‘challenging year’ Retail Innocent Drinks has slashed its pre-tax loss after it recovered from a “challenging year”, it has been revealed. The London-based brand, which is owned by Coca-Cola, has reported an operating loss of £3.7m for 2023, according to delayed accounts filed with Companies House. The results, which were filed long after the initial deadline of 30 [...]
The Wolseley: Group behind high-end London restaurants eyes new openings January 9, 2025 The group behind some of London’s best-known restaurants is looking to open new locations at home and abroad. The Wolseley Hospitality Group, which is owned by Minor Hotels, currently operates nine high-end restaurants in the capital: The Wolseley, The Delauney, Brasserie Zedel, Colbert, Fischer’s, Belanger, Soutine, Manzi’s and The Wolseley City. The strategy update has [...]
Iconic bicycle maker Raleigh loses £30m but stops sales backpedal January 8, 2025 Iconic bicycle maker Raleigh slumped to a loss of more than £30m despite arresting a prolonged drop in sales, it has been revealed. The Nottinghamshire-headquartered company, which was once the largest bicycle maker in the world, has announced a pre-tax loss of £30.1m for 2023 after having also lost £6.8m in 2022. However, newly-filed accounts [...]
Group linked to Scottish Labour leader Anas Sarwar returns to profit January 8, 2025 A company linked to Scottish Labour leader Anas Sarwar has returned to the black, according to its most recently revealed set of accounts. Glasgow-based Hero Brands, whose portfolio includes German Doner Kebab, Island Poké and Choppaluna, has reported a £3.8m pre-tax profit for 2023. The new figure has been revealed in a statement while its [...]
Sweaty Betty remains in the red as sales fall January 7, 2025 Women’s activewear brand Sweaty Betty remains in the red as its pre-tax loss more than doubled amid falling sales, it has been revealed. The London-headquartered business has reported a pre-tax loss of £13.4m for 2023, according to accounts filed with Companies House long after the deadline. The latest loss comes after Sweaty Betty entered the red [...]
Disney+ and Apple TV+ deals help turbocharge Shardlake maker January 7, 2025 The completion of shows for Disney+ and Apple TV+ helped turnover at a London production company jump by more than £55m, it has been revealed. The Forge Entertainment, which delivered Shardlake to Disney+ and The Buccaneers to Apple TV+, has reported a turnover of £71.1m for the nine months to the end of 2023. The [...]
Bacardi: Martini maker shaken as UK drinkers move away from spirits January 7, 2025 UK drinkers ditching spirits in favour of wine, beer and non-alcoholic drinks has hit the sales of Bacardi, it has been revealed. The division of the Bermuda-headquartered drinks giant has said its performance has also been impacted by “a combination of post-Covid challenges, ongoing global conflicts and a tough economic environment marked by rising living [...]
Home Bargains billionaire pays himself over £1bn as sales and profit surge January 7, 2025 The billionaire owner of Home Bargains paid himself more than £1bn as sales and profit both jumped at the discount retail giant during its latest financial year. Tom Morris, who owns 98 per cent of Liverpool-headquartered TJ Morris, the firm behind the brand, received the vast majority of the £1.22bn in ordinary dividends and asset [...]