Swizzels Matlow: Sales near £100m at Love Hearts maker October 7, 2024 Profit at Swizzels Matlow, the maker of sweets such as Love Hearts and Refreshers, was slashed in half during its latest financial year despite its sales jumping to almost £100m. The Peak District-headquartered business has reported a pre-tax profit of £4.4m for 2023, down from the £8.2m it achieved in 2022. Newly-filed accounts with Companies [...]
Vauxhall sheds hundreds of jobs as sales accelerate by over £300m October 7, 2024 Vauxhall shed hundreds of jobs in 2023 as its sales accelerated by more than £300m, it has been revealed. The Stellantis-owned brand has reported a turnover of £2.63bn for its latest financial year, up from the £2.29bn it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit also increased from [...]
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 [...]
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 [...]
Peugeot pins hopes on ‘facelift’ to boost growth October 3, 2024 Peugeot is hoping that a ‘facelift’ across its most popular car models will continue the rise of its popularity in the UK. The Coventry-based brand, which is owned by giant Stellantis, outperformed the wider UK market in 2023 on the way to posting a turnover of £2.25bn. The total comes after the business reported a [...]
Manufacturing remains in expansion but confidence plummets ahead of budget October 1, 2024 The fall in confidence was the largest since March 2020, just before the Covid lockdown.
Profit slashed at King Charles’ bed maker Sleepeeze ahead of takeover September 30, 2024 Profit at Sleepeeze, King Charles’ favoured bed maker, was slashed by more than 50 per cent in the year before it was acquired, it has been revealed. The Kent-headquartered business has reported a pre-tax profit of £159,261 for 2023, down from the £360,565 it reported for 2022. Newly-filed accounts with Companies House also show its [...]
Pirelli: ‘Strong’ UK price rises helps sales near £500m at tyre giant September 30, 2024 The UK arm of Pirelli has said “strong” price rises helped its sales and pre-tax profit accelerate during its latest financial year. The company has reported a turnover of £471.3m for 2023, up from the £419.3m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £11.5m to £14.3m [...]
Dulux: Paint giant to slash 2,000 jobs September 24, 2024 Thousands of jobs are set to be lost after the paint giant behind Dulux revealed plans to scale back its headcount in a bid to cut costs. In a statement issued on Tuesday, AkzoNobel confirmed it plans to complete a raft of redundancies by the end of 2025 to make its operations more efficient. The [...]
JCB issues warning despite sales hitting £6.5bn and profit surge amid housebuilding struggles September 23, 2024 JCB reported a steep 44.5 per cent rise in pre-tax profit to £805.8m, despite wider struggles in the UK housebuilding market.