Bremont slumps further into the red despite Bill Ackman investment in luxury watch brand August 12, 2024 British luxury watch brand Bremont slumped to a loss of more than £14m in the year American billionaire hedge fund manager Bill Ackman became a minority investor, it has been revealed. The Oxfordshire-based business has reported a pre-tax loss of £14.3m for the year to June 30, 2023, according to newly-filed accounts. The results, which [...]
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Philips shrugs off ‘challenging year’ with UK profit spike August 8, 2024 The UK arm of consumer electronics firm Philips shrugged off a “year of many challenges” to post a surge in profit for 2023. The division, which is headquartered in Farnborough, has reported a pre-tax profit of £26m for the 12 months, up from the £5m it posted in 2022. According to newly-filed accounts with Companies [...]
Virgin Records: Streaming boom and Abbey Road Studios help profit more than double August 8, 2024 The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. The company has reported a pre-tax profit of £76.9m for 2023, up from the £37.2m it posted in 2022. According to newly-filed accounts with Companies [...]
BMW back in the black after UK sales move up a gear August 7, 2024 The UK arm of BMW surged back into the black during 2023 thanks to a jump in sales across all its brands. The Hampshire-headquartered division has reported a pre-tax profit of £114m for the year after posting a pre-tax loss of £16.8m in the prior period. Newly-filed accounts with Companies House also show that its [...]
Toyota: Interest payment rises help sales accelerate towards £1bn at European arm August 7, 2024 Sales at the European arm of Toyota have accelerated by almost 50 per cent to almost £1bn during its latest financial year, it has been revealed. The car making giant, which also sells Lexus cars, has posted a total revenue of £941.7m for the 12 months to March 31, 2024, according to newly-filed documents with [...]
Sales rocket to almost £100m at Mondelēz-owned Grenade August 6, 2024 Sales at Grenade, the sports nutrition company owned by Mondelēz International, jumped towards £100m during its latest financial year, it has been revealed. The company has posted a turnover of £93.2m for 2023, according to newly-filed documents with Companies House, up from £59.5m. Its pre-tax profit also increased from £8.2m to £12.1m over the same [...]
Seasalt set for American adventure after profit spike August 6, 2024 Fashion brand Seasalt has set its sights on cracking the US as it prepares to open 20 stores across the Atlantic over the next three years. The Cornwall-headquartered business, which is backed by BGF, is preparing to make a “longstanding ambition become reality” in the wake of its pre-tax profit surging during its latest financial [...]
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Peacocks returns to the black after shedding hundreds of jobs July 9, 2024 Peacocks has clawed its way back to profit after shedding more than 1,400 jobs, newly-filed documents have revealed.