Former Reform MP to shut down firm after allegations dismissed September 1, 2025 A former Reform UK MP is shutting down one of the companies he was alleged to have not declared a financial interest in. James McMurdock, who now sits as the independent MP for South Basildon and East Thurrock in Essex, has applied to Companies House to have Gym Live Health & Fitness Limited struck off. The move [...]
AB InBev: Corona brewer’s losses near £200m despite major improvement September 1, 2025 The UK arm of AB InBev, the brewing giant behind the likes of Budweiser, Stella Artois and Corona, has now lost almost £200m since it last made a pre-tax profit after continuing in the red in 2024, it has been revealed. The London-headquartered division has reported a pre-tax loss of £20.9m for its latest financial [...]
Sweaty Betty cuts jobs as brand returns to profit September 1, 2025 Fashion brand Sweaty Betty cut almost 100 jobs as it returned to profit for the first time since 2021. The London-headquartered business cut its workforce from 990 to 903 employees as it recovered from a pre-tax loss of £13.4m to a profit of £1.5m in 2024. New accounts filed with Companies House have also revealed [...]
Steven Bartlett-backed matcha drink Perfect Ted rockets in value September 1, 2025 PerfectTed, the matcha energy drink brand backed by Dragons’ Den star Steven Bartlett, has rocketed in value, it has been revealed. The company, which was founded in 2021 by Marisa Poster and brothers Teddie and Levi Levenfiche, appeared on BBC One show Dragons’ Den in 2023 and won the backing of Steven Bartlett as well as [...]
Spotify creating new UK jobs after redundancies September 1, 2025 The UK arm of Spotify is creating new UK jobs this year after shedding more than 200 jobs in 2024 as its profit continued to rise despite a fall in revenue, it has been revealed. The division of the Swedish audio streaming giant cut its workforce from 1,039 employees during its latest financial year, according [...]
Cazoo owner makes first profit since 2019 September 1, 2025 The owner of Cazoo has made its first pre-tax profit since 2019 after recusing the collapsed brand last year, it has been confirmed. Motors.co.uk has posted a pre-tax profit of £621,000 for 2024, up from the loss of £9.3m it made in the prior 12 months. It is the first time the business has posted [...]
Levi Strauss bets on Beyonce as over 200 UK jobs lost September 1, 2025 The UK arm of Levi Strauss cut more than 200 jobs as its turnover jumped to almost £100m during its latest financial year. The Northampton-headquartered division reduced its headcount from 1,857 to 1,630 in the 12 months to 30 November, 2024, new accounts filed with Companies House show. Over the same 12 months, Levi Strauss’ [...]
Social Chain: Steven Bartlett’s first company returns to the black September 1, 2025 Social Chain, the media agency which was co-founded by Dragons’ Den star Steven Bartlett, has made its first profit since 2021, it has been revealed. The business, which was also set up by Dominic McGregor, has posted a pre-tax profit of £645,667 for 2024. New accounts filed with Companies House show that Social Chain’s return [...]
Arne: Brothers enjoy huge pay day as profit surges September 1, 2025 The brothers behind clothing brand Arne have raked in the cash after sales and profit at their company surged in 2024 ahead of the brand opening its first store. The Warrington-headquartered business has posted a turnover of £84.1m and pre-tax profit of £11.9m for 2024 The figures compare to the turnover of £37.4m and pre-tax [...]
Profit at Lucozade maker soars despite cost pressures August 19, 2025 Profit at Suntory Beverage & Food, which owns both Lucozade and Ribena, has been boosted by higher demand for sports refreshments and ready-to-drink alcohol. Turnover at the company, which has over 40,000 employees across its various subsidiaries, rose two per cent to £552m in the year ended 2024, according to its latest reports filed with Companies House. [...]