Watchfinder continues in the red as sales tick below £100m January 2, 2025 Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Dairy giant Muller loses over £65m after Milk & More sale January 2, 2025 The UK and Ireland arm of dairy giant Muller slumped to a huge loss despite its sales rising by more than £100m, it has been revealed. The Shropshire-headquartered division of the German group fell to a pre-tax loss of £65.3m for 2023, delayed accounts show. The loss comes after the business also made a pre-tax [...]
Abel & Cole owner enters the red as it battles cost-of-living crisis January 2, 2025 The owner of organic vegetables box business Abel & Cole fell into the red despite sales increasing as it battled the impact of the cost-of-living crisis. William Jackson Food Group, which acquired Abel & Cole in 2012, has reported a pre-tax loss of £1.5m for the year to 27 April, 2024. The loss comes after the [...]
Record profit for Totally Wicked ahead of single-use vapes ban as sales double in two years January 2, 2025 Profit at Totally Wicked has surged to a new record level ahead of the sale of single-use disposable vapes being banned in England and Wales later this year. The Lancashire-headquartered has reported a pre-tax profit of £8.1m for the 12 months to 31 March, 2024, up from the £3.3m it posted for the prior year. [...]
Retailers get festive boost as more people head to shops January 2, 2025 There was an increase in the number of people who headed to the shops in December amid fears retailers face uncertain times after the festive season, analysts say. The 7.1 per cent increase in footfall in December from November is the greatest month-on-month rise since an 8.7 per cent jump was recorded in the same [...]
UK retail sector faces mounting pressures after Budget, warns Begbies Traynor December 27, 2024 UK retailers in critical financial distress has surged by more than 25 per cent, marked by weaker-than-expected retail sales and Budget uncertainty
Food Review: Ranking Wetherspoon’s Christmas menu at new Waterloo pub December 25, 2024 City AM's finest food reviewers, Steve Dinneen, Anna Moloney and Christopher Dorrell, try every single item on the new Wetherspoon's festive menu.
Mike Ashley loses vote to join Boohoo board December 20, 2024 Mike Ashley has lost his bid to become a board member of fast-fashion giant Boohoo, which his Frasers Group is the largest shareholder. More than 63 per cent of votes were cast against the appointment of the billionaire at a general meeting in Manchester. Almost the same number of votes were also cast against Michael [...]
Shops being ‘thwacked by colossal’ employment costs December 18, 2024 Business rates rises totalling £7.6m are being faced by shops in Scotland when the new tax year starts, according to new figures. A total of 4,520 shops liable for the intermediate and higher property rates will experience an increase in their rates bills, according to information obtained by Conservative MSP Craig Hoy and published by [...]
Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]