DPD: How parcel delivery giant is tracking return to growth October 8, 2024 Parcel delivery giant DPD is targeting the expansion of its international services to turn around its falling turnover which has decreased by £100m since the start of 2022. The group, which is owned by France’s La Poste, said it is forecasting a return to sales growth by the end of 2024 after setting its sights [...]
Unite Students: Record demand for beds amid university housing shortages October 8, 2024 Unite Students has reported strong growth and nearly-full student accommodation blocks amid record demand from students and still-constrained supply. Unite told markets this morning that like-for-like rental growth was 8.2 per cent and occupancy was 97.5 per cent for the 2024/25 academic year. The firm retained its guidance and said it expected rental growth to [...]
Swizzels Matlow: Sales near £100m at Love Hearts maker October 7, 2024 Profit at Swizzels Matlow, the maker of sweets such as Love Hearts and Refreshers, was slashed in half during its latest financial year despite its sales jumping to almost £100m. The Peak District-headquartered business has reported a pre-tax profit of £4.4m for 2023, down from the £8.2m it achieved in 2022. Newly-filed accounts with Companies [...]
Turnover rise for Kenco maker despite coffee lovers buying less after price rises October 7, 2024 Sales at Jacobs Douse Egberts, whose brands include the likes of Kenco and L’or, increased despite fewer people buying coffee after the group upped its prices. The Maidenhead-headquartered UK division of the Netherlands giant said consumers bought less coffee during its latest financial year because it rose its prices because of “exceptional levels of input [...]
Vauxhall sheds hundreds of jobs as sales accelerate by over £300m October 7, 2024 Vauxhall shed hundreds of jobs in 2023 as its sales accelerated by more than £300m, it has been revealed. The Stellantis-owned brand has reported a turnover of £2.63bn for its latest financial year, up from the £2.29bn it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit also increased from [...]
Sweet Dreams for bed retailer as sales near milestone October 7, 2024 Sales at bed retailer Dreams increased towards a new milestone as its profit remained steady during its latest financial year. The Buckinghamshire-headquartered chain has reported a turnover of £395.4m for 2023, up from the £387m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit dipped slightly from £50m to £49.3m [...]
Wedgwood owner slumps to loss despite strong Harrods and Selfridges sales October 7, 2024 The owner of historic fine china and porcelain brand Wedgwood has slumped into the red despite strong sales through Harrods and Selfridges. Fiskars UK, which is based in Stoke-on-Trent, is also behind the Waterford, Royal Doulton and Royal Albert brands. Newly-filed accounts with Companies House have revealed that the business fell to a pre-tax loss [...]
Hollyoaks maker comes down from US high October 7, 2024 Turnover at the maker of Hollyoaks, The Only Way is Essex and Geordie Shore fell back to expected levels in 2023 after experiencing a spike in the prior year. Liverpool-headquartered Lime Pictures has reported a turnover of £65.2m for 2023 after its sales surged to £100.9m in 2022. The rise in 2022 came after the [...]
UK house prices rise for third straight month ahead of Budget October 7, 2024 House prices rose for the third consecutive month in September, taking the average price of a property to the highest level in more than two years. House prices increased by 0.3 per cent month on month in September, and 4.7 per cent year on year. The average property now costs £293,399 – compared to £292,540 [...]
Ticketmaster returns to profit ahead of Oasis reunion tour boost October 7, 2024 The UK operation of Ticketmaster returned to profit during its latest financial year ahead of the anticipated boost it will receive from the controversial ticketing of Oasis’ reunion tour. The London-headquartered division has reported a pre-tax profit of £19.7m for 2023, up from the pre-tax loss of £12m it fell to in 2022. Newly-filed accounts [...]