Hisense: Sales surge by over £70m but brand issues warning May 22, 2025 Sales at the UK arm of Hisense, the Chinese appliances and electronics manufacturer, jumped by more than £70m last year, it has been revealed. The Leeds-headquartered division has reported a turnover of £373.8m for 2024, a sharp rise from the £300.4m it posted for 2023. New accounts filed with Companies House also show that Hisense’s pre-tax [...]
Easyhotel significantly slashes losses as return to profit nears May 21, 2025 Easyhotel significantly slashed its losses as it took a huge step towards returning to profit for the first time since before the Covid-19 pandemic. The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m (£1.5m) for 2024, down from the €10.5m (£8.9m) it reported for 2023. The latest pre-tax loss figure is the [...]
Liz Truss: UK’s shortest-serving PM rakes in the cash May 19, 2025 Liz Truss, the UK’s shortest-serving Prime Minister, has seen her earnings rise after leaving Number 10. The former PM has raked in £112,657 in the year to 31 March, 2025, through a business she and her husband set up. The figure is up from the £104,715 the firm reported in net assets during its prior [...]
Harry Styles’ record label suffers dramatic decline after album and touring success May 19, 2025 Harry Styles’ record label suffered a dramatic fall in its sales and profit in the year after the release of his third solo album. The former One Direction star released the Harry’s House album in May 2022 through his studio, Erskine Records, and Columbia Records. Its success resulted in Erskine Records achieving a turnover of [...]
Greene King: Pub giant calls for ‘urgent help’ after losing £150m May 19, 2025 Pub giant Greene King has issued an urgent plea to the government for help after slumping to a near-£150m loss in 2024. The Suffolk-headquartered group fell to a pre-tax loss of £147.1m during its latest financial year, having posted a profit of £45.2m in 2023. Greene King, which operates around 2,600 pubs, restaurants and hotels across England, [...]
Rachel Reeves’ tax hikes to cost Timpson £12m extra a year May 16, 2025 Chancellor Rachel Reeves’ Autumn Budget tax hikes are set to cost the business empire of fellow government minister Lord James Timpson £12m extra a year, it has been revealed. The Manchester-headquartered group said the increases in employer’s National Insurance contributions and the National Living Wage will eat into its earnings in the years to come. [...]
The O2 owner’s touring and festivals arm almost doubles sales May 15, 2025 Sales at the UK touring and festivals arm of the group that owns The O2 in London almost doubled as its profits surged during 2024, it has been revealed. AEG Presents has posted a turnover of £340m for its latest financial year, up from the £178.3m it reported for 2023. New accounts filed with Companies [...]
Genting in the red after closing Britain’s oldest casino May 14, 2025 The UK arm of Genting fell into the red in the year after closing Britain’s oldest casino, it has been revealed. The Birmingham-headquartered division made a pre-tax loss of £6.2m for 2024, having previously posted a profit of £8m in 2023. New accounts filed with Companies House also show its revenue rose over the same [...]
How Steven Bartlett’s first Dragons’ Den investment collapsed May 14, 2025 The full story of how the first company that Steven Bartlett invested in when he joined hit BBC One show Dragons’ Den collapsed and was rescued has been revealed for the first time. City AM reported in March that artisan cheese retailer Cheesegeek had been acquired by Scotland-based Albex Group for what was then described [...]
GoDaddy recovers from huge loss as revenue jumps May 14, 2025 The European arm of GoDaddy, the US internet domain registry and web hosting company, has returned to the black after recovering from a loss of almost $70m (£52.6m). The Nottingham-headquartered division has reported a pre-tax profit of $4.2m (£3.15m) for 2024 after having slumped to a loss of $68.2m (51.2m) in 2023. New accounts filed [...]