What3words: Losses slashed as jobs cut and sales double April 22, 2025 What3words shed jobs and significantly cut its pre-tax loss as sales more than doubled in 2024, it has been revealed. The London-headquartered tech business, which is backed by ITV, Mercedes-Benz and former F1 champion Nico Rosberg, has reported a pre-tax loss of £10.6m for its latest financial year, down from the £16.4m it posted for 2023. New accounts filed with [...]
L’Oreal: UK sales top £1.5bn for the first time April 11, 2025 Sales at the UK arm of L’Oreal topped £1.5bn for the first time in 2024 as its profit continued to surge, it has been revealed. The division of the French cosmetics giant has posted a turnover of £1.55bn for its latest 12 months, up from the £1.43bn it reported for 2023. New accounts filed with [...]
Duncan Bannatyne: Former Dragons’ Den star’s empire toasts record sales April 11, 2025 The health club and hotels empire run by former Dragons’ Den star Duncan Bannatyne has posted record sales as its profits surged in 2024, it has been revealed. The Bannatyne Group has reported a revenue of £149.6m for its latest financial year, up from the previous record of £138.9m which it achieved in 2023. The Darlington-headquartered group’s [...]
Britannia: Millionaire ‘Asylum King’ hotel tycoon rakes in the cash April 11, 2025 The millionaire hotel tycoon dubbed the ‘Asylum King’ is still raking in the cash despite his Britannia chain being ranked the worst in the UK. Alex Langsam founded Britannia Hotels in 1976 after opening his first site in Manchester. Langsam remains the company’s chief executive and largest shareholder while his empire also extends to budget [...]
Microsoft cuts UK jobs as sales near £10bn and profit surges April 8, 2025 Microsoft shed more than 200 UK jobs in the year its turnover jumped to almost £10bn, it has been revealed. The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show. The reduction comes after Microsoft’s headcount grew from 4,955 in [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
Major Companies House change launched as business leaders called to action April 8, 2025 Business leaders can now verify their identity on Companies House as part of a major drive designed to slash economic crime. As of today, 8 April, directors can voluntarily verify their identity before it becomes a legal requirement later this year. More than six million individuals will need to comply in the 12 months after [...]
Clintons back in profit after closing stores and cutting over 300 jobs April 7, 2025 Clintons has surged back into the black after closing more stores and cutting over 300 jobs. The gift card giant has posted a pre-tax profit of £8m for the year to 29 June, 2024, according to new accounts filed with Companies House. The total comes after Clintons made a pre-tax loss of £5.3m in the [...]
Michael Kors to lower prices as sales suffer huge hit April 7, 2025 The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales. The division’s revenue took a 20 per cent hit in the year to 30 March, 2025, as it closed stores and it felt the impact of the cost-of-living crisis. Michael Kors [...]
ITN: Profit slashed at ITV, Channel 4 and 5 news giant April 7, 2025 Profit at ITN, the organisation which powers ITV News, Channel 4 News and 5 News, was slashed almost in half in 2024. The business has reported a pre-tax profit of £779,000 for its latest financial year, down from the £1.4m it posted for 2023. The total for 2023 was also significantly down from the £8.9m [...]