Toyota warns of ‘challenging road ahead’ after profit falls £100m December 3, 2025 The UK manufacturing arm of Toyota has warned “the road ahead may be challenging” after its profit slumped by more than £100m during its latest financial year. The division of the Japanese giant said the “uncertainties of the automotive industry and infrastructure to support vehicle type” were the main factors behind its pessimism. However, Toyota [...]
Vivienne Westwood’s heirs bank £35m after record profit December 1, 2025 The widower and heirs of the late Dame Vivienne Westwood have banked £35m after profit at the late fashion designer’s company surged to a new record. Vivienne Westwood passed away at the end of 2022 at the age of 81 leaving her husband Andreas Kronthaler and two children in control of her business interests. Kronthaler, [...]
Gail’s to open 40 bakeries after creating 500 jobs December 1, 2025 Bakery chain Gail’s is to open 40 new sites by the end of February after creating almost 500 jobs during its latest financial year. The London-headquartered business said the new locations will all be open by 28 February, 2026, and it has plans to launch similar numbers “going forward”. The expansion comes after Gail’s opened [...]
Argos loses more than £200m as over 2,000 jobs cut December 1, 2025 Argos lost more than £200m during its latest financial year as over it cut over 2,000 jobs. The retailer, which is owned by FTSE 100 supermarket giant Sainsbury’s, has reported a pre-tax loss of £223.2m for the 12 months to 1 March, 2025. The loss comes after Argos posted a pre-tax profit of £37.3m in [...]
Revolut in new spat with regulators over Storonsky’s residency December 1, 2025 Revolut has been caught in a fresh row with UK watchdogs following the chief executive of the fintech juggernaut shifting his residency to the United Arab Emirates. Nik Storonsky, the boss of the London-headquartered digital bank, sparked waves of conversation after Companies House filings in October revealed the fintech chief had ditch his main residency [...]
Reeves’ Budget tax hikes stopping Monsoon owner’s growth November 28, 2025 The owner of Monsoon and Accessorize has warned the tax rises introduced by Chancellor Rachel Reeves are forcing it to stop investing in its growth. Adena Brands, which is owned by Peter Simon, is “focusing on reducing our cost base over investing in growth” until it sees signs of strengthening consumer demand. The business added [...]
Formula 1: Drive to Survive maker rakes in millions November 27, 2025 Turnover at the maker of hit Netflix Formula 1 documentary series Drive to Survive surged by almost 70 per cent during its latest financial year, it has been revealed. Box To Box Films has reported a turnover of £73.1m for the 12 months to 31 March, 2025, according to new accounts filed with Companies House. [...]
Shein’s former head of Europe relocates from London to Dubai November 26, 2025 The former head of Europe at e-commerce giant Shein has become the latest British executive to relocate to Dubai, City AM can reveal. Cui He, who was director of Europe at Shein from the beginning of 2023 until last month, according to her LinkedIn profile, has shifted her residency from London to the United Arab [...]
Asda billionaire quits role at Vinted rival November 25, 2025 Billionaire Mohsin Issa, who co-owns supermarket giant Asda, has stepped down as a director of a second-hand fashion startup he backed. The businessman is a major investor in online platform Loopi alongside Victoria Price through Boulder Investco – a fund which supports startups in the UK. Launched in the UK in January, Loopi was co-founded [...]
Nando’s makes cheeky profit after losing more than £600m November 24, 2025 Nando’s has warned Rachel Reeves’ tax hikes will eat into its bottom line despite it returning to profit for the first time since 2016. The business has posted a pre-tax profit of £38.2m for the 12 months to 23 February, 2025, new accounts filed with Companies House have revealed. The profit comes after the restaurant [...]