Uber Boat by Thames Clippers returns to profit October 10, 2024 The company behind Uber Boat by Thames Clippers in London, returned to profit in 2023, it has been revealed. Collins River Enterprises has reported a pre-tax profit of £5.4m for the 12 months, having made a pre-tax loss of £4m in 2022. It is the first time that the business has reported a pre-tax profit [...]
The View from The Shard remains troubled despite ‘positive’ outlook October 10, 2024 The company behind the viewing gallery at The Shard remained in the red for a fourth consecutive year despite it its revenue continuing to rise. The London attraction has reported a pre-tax loss of £678,839 for 2023, according to newly-filed accounts with Companies House. The total comes after the firm also posted a pre-tax loss [...]
Landmark skyscraper planned for Manchester city centre October 10, 2024 Plans have been unveiled for another landmark skyscraper to be constructed in Manchester city centre. The 44-storey building has been earmarked for land adjacent to Deansgate Train Station at Whitworth Street West and would feature 364 apartments. If approved by Manchester City Council, the building would be latest skyscraper either planned or built in the [...]
Travelex to be put up for sale after post-pandemic rebirth October 10, 2024 The chief executive made the comments about Travelex's sale plans in the latest episode of City A.M.'s Boardroom Uncovered interview series.
Storm’s brewing as Tetley Tea braced for further strikes October 9, 2024 Tetley, one of the nation’s favourite tea brands, is braced for further disruption as a major row over pay continues. The GMB Union has announced 12 more strike dates which will see almost 150 workers walk out in a dispute over what it describes as “poverty pay”. The dates of the planned industrial action are [...]
Could Shein set its sights on Asos after putting Boohoo in the shade? October 9, 2024 The hierarchy of the UK’s fast fashion industry looks to have shifted after Shein’s UK sales eclipsed Boohoo’s for the first time. The Chinese-founded online retailer, which is on track for a bumper IPO on the London Stock Exchange, achieved a revenue of more than £1.5bn in 2023, it was revealed this week. Shein also [...]
Centrica-owned Hive continues in the red despite sales rise October 9, 2024 Hive, the smart home devices brand owned by Centrica, continued in the red despite its revenue rising during its latest financial year. The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022. Hive has never made a pre-tax profit since it was launched over a [...]
John West makes first loss since 2010 after reversing failed pricing decision October 9, 2024 Canned tuna brand John West has fallen into the red for the first time since 2010 after reversing a failed decision to pass on price rises to its customers. The Liverpool-headquartered business has reported a pre-tax loss of £6.7m for 2023, having reported a profit of £2m in 2022. The last time John West posted [...]
New Balance doubles sales in two years as profit jumps October 9, 2024 The UK arm of New Balance has more than doubled its sales in the space of just two years as its profit jumped by more than £140m. The Cheshire-headquartered division has posted a turnover of £882.1m for 2023, up from £679.7m in 2022 and £413.5m in 2021. Newly-filed accounts with Companies House also show that [...]
Porsche sales accelerate to almost £2bn after sales spike October 9, 2024 A spike in Porsche sales in the UK helped the luxury car maker’s revenue accelerate to almost £2bn, it has been revealed. The Berkshire-headquartered division has reported a revenue of £1.92bn for 2023, up from the £1.34bn it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £24.4m to [...]
