Strathberry: Profit doubles at luxury handbag maker loved by Princess of Wales and Meghan Markle December 12, 2024 Profit more than doubled at luxury handbag maker Strathberry, which counts the Princess of Wales, Jennifer Lopez and Meghan Markle among its fans The Edinburgh-based business has reported a pre-tax profit of £3m for the 12 months to 30 April, 2024, up from the £1.3m it posted in the prior year. Newly-filed accounts with Companies [...]
In The Style cuts job as sales continue to fall ahead of stock exchange return December 12, 2024 In The Style slashed jobs in a bid to stem its losses amid continuing falling sales as its return to the London Stock Exchange edges nearer. The Manchester-headquartered fast-fashion retailer has posted a pre-tax loss of £2.6m for the year to 31 March, 2024, down from the £7.7m loss it reported in the prior 12 [...]
Frasers hits out at Boohoo’s Kamani over Mike Ashley appointment December 12, 2024 Glass Lewis's opposition comes after a similar recommendation made by Institutional Shareholder Services (ISS) last week.
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
Kellogg’s serves up loss ahead of Mars mega deal December 12, 2024 The combined UK operations of Kellogg’s have fallen to a loss despite the increasing popularity of its cereals and Pringles boosting sales further past the £1bn mark. Kellogg’s runs two separate companies in the UK from its headquarters in Salford: Kellogg Marketing and Sales Company (UK) and Kellogg Company of Great Britain. As a result [...]
Currys reports £32m Budget tax hit December 12, 2024 Consumer electronics retailer Currys has become the latest company to warn about the impact of Labour’s tax raid on its bottom line. In its half-year results for the six months to 26 October 2024, published this morning, management said the estimated cost of recent tax policy changes could amount to as much as £32m. The [...]
Bumper pay day for Britvic boss ahead of £3.3bn Carlsberg deal December 10, 2024 The chief executive of Robinsons squash maker Britvic has received a bumper pay day ahead of the group’s £3.3bn takeover by Carlsberg. Simon Litherland has been handed a £4.68m pay packet, up from the £2.86m he received in the prior year and £1.93m in the 12 months before that. The total is the highest Litherland [...]
Harrods: Christmas strikes set for crisis-hit department store December 10, 2024 Harrods, the crisis-hit iconic London department store, is braced for another blow as hundreds of workers voted to strike over the critical Christmas period. Employees represented by the United Voices of the World (UVW) union will walk out from 8pm on Friday, 20 December, to Sunday, 22 December, and again from 12am on Boxing Day [...]
Naked Wines toasts progress as losses are slashed December 10, 2024 The boss of Naked Wines has said the brand is “in a better position, both financially and strategically” after slashing its losses during the first half of its financial year. The Norwich-headquartered company has reported a pre-tax loss of £5.6m for the six months to 30 September, 2024, down from the £9.7m loss it posted [...]
Poundland owner Pepco slumps to huge loss after £640m hit December 10, 2024 Discount retail giant Pepco slumped to a loss of more than £450m after weak performance from Poundland in the UK, it has been revealed. The European group has posted a pre-tax loss of €554m (£458.7m) for the 12 months to 30 September, 2024, after having made a profit of €159m (£131.6m) in the prior year. [...]