L’Oreal: UK sales top £1.5bn for the first time April 11, 2025 Sales at the UK arm of L’Oreal topped £1.5bn for the first time in 2024 as its profit continued to surge, it has been revealed. The division of the French cosmetics giant has posted a turnover of £1.55bn for its latest 12 months, up from the £1.43bn it reported for 2023. New accounts filed with [...]
Next: Boss of FTSE 100 giant rewarded after £1bn profit April 10, 2025 The chief executive of FTSE 100 giant Next took home almost £5m as the high street icon’s profit surged to more than £1bn for the first time. Lord Simon Wolfson took home a total pay packet of £4.72m for the Leicester-headquartered retailer’s latest financial year, up from £4.63m. The CEO’s remuneration package included a salary [...]
Philip Green verdict is a big win for the under scrutiny ECHR April 10, 2025 Sir Philip Green tried to sue the UK, but Strasbourg said no - in a move that not only "reaffirms" Parliamentary privilege but shines a light on the ECHR
Asos and Boohoo stick to US closures despite Trump tariffs April 8, 2025 Asos is to continue with its plan to close its distribution centre in Georgia, USA, and serve the country from Yorkshire despite the imposition of President Donald Trump’s tariffs. At the start of the year, the fast-fashion group announced plans to close its US base in another effort to boost profitability and streamline operations. The [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
Clintons back in profit after closing stores and cutting over 300 jobs April 7, 2025 Clintons has surged back into the black after closing more stores and cutting over 300 jobs. The gift card giant has posted a pre-tax profit of £8m for the year to 29 June, 2024, according to new accounts filed with Companies House. The total comes after Clintons made a pre-tax loss of £5.3m in the [...]
Michael Kors to lower prices as sales suffer huge hit April 7, 2025 The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales. The division’s revenue took a 20 per cent hit in the year to 30 March, 2025, as it closed stores and it felt the impact of the cost-of-living crisis. Michael Kors [...]
McCain: Chips favourite doubles profit to £100m in three years April 7, 2025 Profit at the UK arm of potatoes giant McCain Foods surged to almost £100m during its latest financial year, it has been revealed. The North Yorkshire-headquartered UK arm of the Canadian giant has reported a pre-tax profit of £98.7m for the 12 months to 30 June, 2024. The figure, revealed in new accounts filed with [...]
B&Q: Kingfisher CEO’s pay slashed by £4m as profit cut April 3, 2025 The boss of Kingfisher, the group behind the likes of B&Q and Screwfix, saw his pay slashed by almost £4m as its sales and profit took a significant hit during its latest financial year. Thierry Garnier took home almost £2.3m for the 12 months 31 January, 2025, down from the nearly £6m he received in [...]
Wage growth falling for low-paid workers despite minimum wage hike April 2, 2025 Wage increases among low-paid workers are at their lowest level in three years, according to the jobs website Indeed, as economists fear high inflation will erode incomes. Business secretary Jonathan Reynolds said on Tuesday that an increase to the national minimum wage would mean that low-paid workers could help drive growth across the UK. But [...]