Sweet Dreams for bed retailer as sales near milestone October 7, 2024 Sales at bed retailer Dreams increased towards a new milestone as its profit remained steady during its latest financial year. The Buckinghamshire-headquartered chain has reported a turnover of £395.4m for 2023, up from the £387m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit dipped slightly from £50m to £49.3m [...]
Wedgwood owner slumps to loss despite strong Harrods and Selfridges sales October 7, 2024 The owner of historic fine china and porcelain brand Wedgwood has slumped into the red despite strong sales through Harrods and Selfridges. Fiskars UK, which is based in Stoke-on-Trent, is also behind the Waterford, Royal Doulton and Royal Albert brands. Newly-filed accounts with Companies House have revealed that the business fell to a pre-tax loss [...]
Asahi: Peroni and London Pride brewer slips further into the red October 7, 2024 Japanese beer maker Asahi, whose brands also include Peroni, saw its UK division slip further into the red during its latest financial year. The London-headquartered arm posted a pre-tax loss of £14m for 2023, having also lost £6.3m in the prior 12 months. Asahi UK last reported a pre-tax profit when it achieved a total [...]
JLL cans dividend as profit slumps but predicts turnover boost October 7, 2024 Profit has been slashed at the UK arm of global real estate services giant JLL as “increased market uncertainty” hit its earnings. The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover reduced from £460m [...]
Pennyhill Park owner’s profit slashed after major renovation October 7, 2024 Profit has been slashed at the owner of Pennyhill Park, the five-star hotel where the England men’s rugby team are based, after it underwent a huge renovation project. The group saw a complete renovation of its newest addition, the Ansty Hall hotel near Coventry, while it also “invested heavily” in its South Lodge location. As [...]
Mars bar maker pays huge £600m dividend after UK success October 7, 2024 The UK arm of Mars Wrigley, which makes the likes of Mars bars and Skittles, has paid out a huge dividend of £600m after a bumper financial year. The business, which has UK manufacturing sites in Slough and Plymouth, has significantly upped its dividend for 2023, after also paying out £115m in 2022. The dividend [...]
London City Airport back in the black after losing almost £100m October 7, 2024 London City Airport returned to the black for the first time since the Covid-19 pandemic as passenger numbers continued to recover. The hub has reported a pre-tax profit of £6.6m for 2023, according to newly-filed accounts with Companies House, having made a loss of £1.1m in the prior 12 months. London City Airport had last [...]
Hollyoaks maker comes down from US high October 7, 2024 Turnover at the maker of Hollyoaks, The Only Way is Essex and Geordie Shore fell back to expected levels in 2023 after experiencing a spike in the prior year. Liverpool-headquartered Lime Pictures has reported a turnover of £65.2m for 2023 after its sales surged to £100.9m in 2022. The rise in 2022 came after the [...]
Ticketmaster returns to profit ahead of Oasis reunion tour boost October 7, 2024 The UK operation of Ticketmaster returned to profit during its latest financial year ahead of the anticipated boost it will receive from the controversial ticketing of Oasis’ reunion tour. The London-headquartered division has reported a pre-tax profit of £19.7m for 2023, up from the pre-tax loss of £12m it fell to in 2022. Newly-filed accounts [...]
BA Cityflyer: London City Airport carrier hails ‘laser focus’ as profit takes off October 4, 2024 BA Cityflyer, the main airline operating from London City Airport, has said a “laser focus” on improving its service led to increased punctuality and profit for 2023. The business, which is wholly owned by British Airways, has reported a pre-tax profit of £11.1m for the year, up from £4.3m in 2022. The figure comes after [...]