Reeves to meet regulators as Starmer pledges to cut red tape March 17, 2025 Rachel Reeves will meet with regulators on Monday, as the government sets out to cut the cost of regulation on businesses by a quarter. The Chancellor has summoned eight regulators to Number 11 Downing Street, including the Financial Conduct Authority (FCA) and the Health and Safety Executive. Sir Keir Starmer told City AM in an [...]
Stella McCartney: Fashion brand suffers sales slump amid huge loss March 11, 2025 Sales at Stella McCartney’s fashion brand were slashed almost in half as its losses widened by £15m in the year before the designer bought out LVMH, it has been revealed. Accounts filed almost six months after the Companies House deadline show Stella McCartney Ltd’s turnover was slashed from £40m to £21.9m in 2023. The accounts [...]
Alan Sugar’s empire hails record profit despite falling sales March 11, 2025 A group controlled by The Apprentice star Lord Alan Sugar has posted a record profit despite falling sales, it has been revealed. Amshold Trading has reported a pre-tax profit of £10.8m for the 12 months to 30 September, 2024, up from the £8.4m it achieved in the prior period. However, new accounts filed with Companies [...]
Oracle: Tech giant passes UK milestone as profit jumps March 7, 2025 US technology giant Oracle has reported sales in the UK of more than £2bn for the first time as its profit jumped by over 20 per cent. Oracle, which in 2023 was the third largest technology company in the world by revenue behind Microsoft and Google, is the title sponsor of the Red Bull F1 [...]
HMV: Sales on song as billionaire owner helps turn around high street icon March 6, 2025 Sales at HMV have more than doubled in the last three years as its recovery under the ownership of Canadian billionaire Doug Putman continues at pace. The high street staple has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year. The [...]
Jollyes sinks further into the red despite sales surge at Pets at Home rival March 5, 2025 Jollyes has sunk further into the red despite its sales continuing to surge as it attempts to increase its rivalry with Pets at Home. The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months. However, newly-filed accounts [...]
Freddie Flintoff firm in the red after Top Gear horror crash March 3, 2025 The company Freddie Flintoff runs to manage his post-cricket business activities, such as media appearances, has fallen into the red after he took time off after a horror crash filming Top Gear for the BBC. Freddie Flintoff Enterprises, which is run by the former England star and his wife, Rachael, has reported a £646,823 loss [...]
Pukka Pies: Price rises ‘inevitable’ at chip shop favourite March 3, 2025 Chip shop favourite Pukka Pies has warned prices rises are “inevitable” as it battles “significant levels of power and labour inflation”. The Leicester-headquartered company said it delayed increasing its prices during its latest financial year “assess the mid to long-term implications from the underlying inflation” but has since concluded that rises should be introduced. The [...]
Addison Lee returned to profit ahead of £270m takeover February 28, 2025 London’s premium private hire cab service, Addison Lee, returned to the black in the year before being acquired by transport giant ComfortDelGro for almost £270m, it has been revealed. The business, which has a network of 7,500 drivers and 5,000 vehicles, achieved a pre-tax profit of £1.8m in the 12 months to 31 August, 2024. The [...]
GB News: Huge losses continue despite sales and audience surge February 28, 2025 GB News has reported another huge loss despite its revenue more than doubling and its audience continuing to grow. The TV channel, whose well-known presenters include Reform UK leader Nigel Farage, fell to a pre-tax loss of £33.4m in the year to 31 May, 2024. The loss comes after GB News also made a pre-tax [...]