Ocado shares surge after online grocer reports record-breaking year January 14, 2025 Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado [...]
Protein Works set for ‘epic milestone’ as sales pass £50m January 13, 2025 Protein Works is gearing up to achieve an “epic milestone” as its sales broke through the £50m barrier for the first time. The Cheshire-headquartered business is on the verge of selling 400 million protein shakes worldwide as it revealed its turnover hit £50.7m in the year to 31 August, 2024. The latest turnover total for [...]
Boots warns of higher Budget costs amid sales surge January 10, 2025 High street pharmacy giant Boots has warned it faces “heightened cost pressures” in 2025 following the Autumn Budget as it revealed strong sales towards the end of last year. The new boss of the Nottingham-headquartered company, Anthony Hemmerdinger, added that while Boots has come under increased pressure, “the business is focused on navigating these and [...]
Share price down after Sainsbury’s reported bumper Christmas January 10, 2025 Sainsbury's claims to have won the grocery market share for the fifth consecutive Christmas, with sales up nearly four per cent
Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
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 [...]
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 [...]
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 [...]
Coty: Rimmel and Max Factor owner slumps to £53m UK&I loss January 7, 2025 The UK and Ireland arm of Coty, the global beauty and cosmetics giant behind the likes of Rimmel and Max Factor, slumped to a loss of more than £50m during its latest financial year. The Kent-headquartered division has posted a pre-tax loss of £53.4m for the 12 months to 30 June, 2024, according to newly-filed [...]