Seraphine: Princess of Wales’ favourite owed a king’s ransom August 15, 2025 Seraphine, the maternity fashion retailer whose clothes were worn by the Princess of Wales, owed over £33m as it collapsed into administration before being rescued. The business ceased trading and entered administration in July with consultancy firm Interpath appointed to oversee the process. The move led to the majority of its 95-strong staff being made [...]
Plusnet cuts jobs as sales and profit slashed August 15, 2025 Plusnet cut more than 100 jobs as its sales and profit were slashed during its latest financial year, it has been revealed. The Sheffield-headquartered broadband provider, which is owned by BT, has posted a turnover of £342.4m for the 12 months to 31 March, 2025, down from the £401.8m it achieved in the year before. Plusnet [...]
Corinthia London: Profit slashed at five-star hotel despite revenue spike August 14, 2025 Profit has been slashed at five-star hotel Corinthia London despite its revenue spiking by 80 per cent, it has been revealed. The hotel, which is located on the corner of Northumberland Avenue and Whitehall Place, has posted a pre-tax profit of £67,600 for 2024, new accounts filed with Companies House show. The figure is down [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone August 13, 2025 Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]
Sir Rocco Forte enjoys record pay day after hotels empire deal August 13, 2025 The hotels group founded by Sir Rocco Forte has issued a record dividend for the first full year after Saudi Arabia’s Public Investment Fund (PIF) became a major shareholder. Rocco Forte Hotels has paid out dividends totalling £8.9m for the year to 30 April, 2025, to its shareholders. The international hotels group, which is headquartered in [...]
KFC and Pizza Hut help serve up huge profit for owner August 12, 2025 Huge dividends from KFC and Pizza Hut helped their owner Yum! Brands more than triple its profit last year, it has been revealed. The group’s European division has posted a pre-tax profit of $1.2bn (£892.7m) for 2024, up significantly from the $317.1m (£235.8m) it posted for 2023. The firm, Yum! Restaurant Holdings, is a holding [...]
Alstom: Profit slashed at London Underground trains maker August 12, 2025 Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
John Lewis: Losses triple at retail giant’s property start-up August 11, 2025 Losses tripled at the property start-up owned by retail giant John Lewis during its latest financial year despite its income shooting up, it has been revealed. BTR (Operating) Limited has posted a pre-tax loss of £406,000 for the 12 months to 25 January, 2025, new accounts filed with Companies House show. The latest figure comes [...]
Maserati: UK profit surges as sales accelerate August 8, 2025 Profit at the UK arm of Maserati has almost doubled in the last four years as its sales continue on their upward trajectory. The car maker, which is owned by Stellantis, has reported a pre-tax profit of £326,000 for 2024, up from the £321,000 it posted in 2023. The latest figure is up from the [...]