Sharkninja: UK’s love affair with air fryers helps brand serve up bumper profit October 14, 2024 The UK’s continued love affair with air fryers helped the European arm of Sharkninja surge back into the black as its sales jumped by over £300m. The Leeds-headquartered division has reported a pre-tax profit of £81.5m for 2023, having made a pre-tax loss of £19.7m in 2022. The last time Sharkninja reported a pre-tax profit [...]
Taco Bell returns to profit ahead of administration woe October 11, 2024 The UK and European arm of Taco Bell returned to profit in 2023 ahead of one of its franchise partners entering administration. The Surrey-headquartered division has reported a pre-tax profit of $2.2m (£1.6m) for 2023. The total comes after Tac Bell reported a pre-tax loss of $1.8m (£1.3m) for 2022. Newly-filed accounts with Companies House [...]
Wallace and Gromit maker Aardman slips into the red October 11, 2024 Aardman, the studio behind Wallace and Gromit, fell into the red during 2023, it has been revealed. The Bristol-headquartered business has reported a pre-tax loss of £550,135 for its latest financial year. The loss comes after the studio posted a pre-tax profit of £1.5m in 2022. Aardman said it fell to a pre-tax loss because [...]
Sales at Elon Musk’s Tesla in reverse after record high October 11, 2024 UK sales at Tesla, the luxury car maker run by Elon Musk, have reversed from their previous record high, it has been revealed. The Manchester-headquartered division has reported a revenue of £2.47bn for 2023, down from the £2.83bn it achieved in 2022. Newly-filed accounts with Companies House also decreased from £42m to £32m over the [...]
Gucci: Profit halved as ‘high competition’ eats into sales October 11, 2024 Profit at the UK arm of luxury fashion brand Gucci has cut almost in half during its latest financial year after “high competition” impacted its sales. The West Sussex-headquartered division has reported a pre-tax profit of £4.8m for 2023, down from the £9m it achieved in 2022. Newly-filed accounts with Companies House also show its [...]
The Beatles’ finances getting back to where they once belonged October 11, 2024 The finances of the company that looks after the commercial interests of The Beatles have continued to fall back following a spike in 2021 when the Get Back documentary was released. Apple Corps, which was originally founded by the band in 1968, is now owned by Sir Paul McCartney, Ringo Star, Yoko Ono and the [...]
Red Bull revenue take flight after multipacks success October 10, 2024 Revenue at energy drink giant Red Bull jumped by almost £90m in 2023 after more people in the UK picked up its multipacks. The London-based division of the Austrian giant has reported a revenue of £594.1m for its latest financial year, up from the £508.6m it posted in 2022. Newly-filed accounts with Companies House also [...]
Mondelēz: Sales pass milestone at Cadbury owner but profit melts October 10, 2024 Sales at the owner of brands such as Cadbury, Toblerone and Oreo surged past the £2bn mark in 2023 but its profit was slashed, it has been revealed. Uxbridge-headquartered Mondelēz UK, which is part of the wider Mondelēz International group, has reported a turnover of £2.21bn for its latest financial year, up from the £1.95bn [...]
Rolex: Sales at luxury watch maker rise time after time October 10, 2024 Sales at the UK arm of Rolex rose by almost £80m during 2023, for the 17th consecutive year. The London-headquartered division has reported a turnover of £685.2m for the 12 months, up from the £608.1m it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit increased from £59.4m to £65.8m [...]
Birmingham Airport to finally shake off demise of Thomas Cook and Flybe October 10, 2024 Birmingham Airport has said it is finally set to shake off the demise of Thomas Cook and Flybe as well as the impact of the Covid-19 pandemic. The transport hub increased its passenger numbers to 98 per cent of pre-pandemic levels in 2023, up from 86 per cent in 2022, and is now forecasting it [...]