Butlin’s back in profit after losing almost £75m Business Butlin’s has recovered from losing almost £75m to return to the black during its latest financial year, it has been revealed. The holiday resort chain has posted a pre-tax profit of £28.3m for 2024, according to new accounts filed with Companies House. That comes after Butlin’s fell to a pre-tax loss of £74.2m for 2023. [...]
Losses widen at Haven rival Parkdean amid ‘challenging backdrop’ hospitality Holiday park operator Parkdean lost almost £150m during its latest financial year despite its revenue increasing over the same period, it has been confirmed. The business, which is a direct rival of Haven and is headquartered near Newcastle upon Tyne, has reported a pre-tax loss of £147.7m for 2024. The latest total comes after it [...]
Huge losses continue at Haven owner as hundreds of jobs created Business The group behind Haven holiday parks and Warner Leisure Hotels continued to make huge losses in 2024 despite its turnover jumping by almost £100m. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of nearly £170m for its latest financial year, having also lost £166.5m in 2023. However, new accounts filed [...]
Butlin’s boss reveals where possible new UK site could be September 4, 2025 The chief executive of Butlin’s has revealed where in the UK the holiday resort chain could open a new site in the future. Jon Hendry Pickup, speaking on a new episode of City AM‘s Boardroom Uncovered show, said expanding beyond the company’s current three locations “would definitely” be something it would be interested in pursuing [...]
Butlin’s boss: We’re not going to tax ourselves to success August 26, 2025 The chief executive of holiday park chain Butlin’s has hit out at Chancellor Rachel Reeves after saying increases taxes on businesses is not the way to improve the UK economy. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Jon Hendry Pickup said the country is “not going to tax ourselves to success” [...]
City AM’s (slightly unconventional) best summer reads August 14, 2025 From romance to nuclear warfare, City AM's editorial team picks their best books of the summer, for some (unconventional) beach reading.
Swissport creates 900 UK jobs as profit almost quadruples August 5, 2025 Swissport created 900 UK jobs as its profit almost quadrupled during its latest financial year, it has been revealed. The Cheshire-headquartered UK arm of the aviation services giant has posted a pre-tax profit of £39.8m for 2024, up from the £10.5m it achieved in the prior 12 months. That previous figure was the first time [...]
The Debate: Should UK businesses follow Europe’s August shutdown tradition? July 30, 2025 The French (supposedly) do it, so why not us? We get two writers to weigh up the pros and cons of the August shutdown in this week's debate.
Jet2 hikes dividend on record passenger numbers July 9, 2025 Jet2 shares tumbled on Wednesday despite record passenger traffic as investors fretted over global geopolitical uncertainty. Shares fell more than 5 per cent by midday evven after the leisure travel group hiked its annual dividend and reported a surge in profit on soaring demand. Investors are set for a final dividend of 12.1p per share [...]
Belfast Harbour to welcome world’s largest cruise ships with £313m project January 21, 2025 Belfast Harbour has unveiled a £313m, five-year plan to help it welcome some of the world’s largest cruise ships. The strategy, which is entitled Advance Regional Prosperity 2025-2029, has also been designed to position the hub as a key player in the development of offshore wind energy port capacity in the UK and Ireland. A total of [...]