John Lewis scraps staff bonus again despite tripling profit March 13, 2025 The John Lewis Partnership has scrapped its staff bonus for the third year in a row despite a near-tripling in profit. The company, which owns both John Lewis and Waitrose, told markets this morning that profit before tax increased from £42m to £126m over the 52 weeks to 25 January. Overall sales rose three per [...]
Bulmers help C&C outperform the alcohol market October 29, 2024 Drinks company C&C has reported results in line with expectations as its core brands Bulmers and Tennent’s outperformed the market. The company has also reconfirmed its commitment to return a minimum of €150m (£125m) to shareholders over the next three years, adding that it has already completed €38m of buybacks. C&C will pay an interim [...]
John Lewis: ‘Transformation on track’ but chain still in the red September 12, 2024 The John Lewis Partnership has reported an improved set of half-year results and has said it is on target to significantly boost its performance for the full year. The iconic UK name, which also owns Waitrose, said sales topped £5.9bn in the 26 weeks ended 27 July, up by two per cent year on year. [...]
Safestay: ‘Strong progress’ as hostel group boosted by Gen Z travel September 5, 2024 Premium hostel group Safestay have significantly shrunk their pre-tax loss as they undergo a gradual post-pandemic recovery supported by investment in new sites and demand from younger travellers. The AIM-listed company reported revenue of £10.7m in the six months ended 30 June 2024, up by 6.6 per cent from £10m in 2023. It reported earnings [...]
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ September 4, 2024 English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Axe-throwing bar chain toasts growth as Brits look for competitive night out September 2, 2024 Novelty bar operator XP Factory topped market expectations today after a boost in Brits looking for competitive nights out with activities like axe throwing and mini golf. Group revenue more than doubled in the 15 months ended 31 March 2024, to £57.3m from £22.8m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to [...]
PPHE Hotels: Art’otel owner reports double-digit growth despite project delays August 29, 2024 Hospitality real estate group PPHE has reported double-digit growth despite delays to multiple hotel projects this year. Like-for-like total revenue growth at the LSE-listed company was up 4.3 per cent to £187.8m in the six months ended 30 June 2024, from £180m in the first half of 2023. The total revenue performance for PPHE’s London [...]
JD Sports: FTSE 100 retailer beats analyst predictions in a ‘volatile’ market August 22, 2024 JD Sports has reported good global sales growth in the second quarter of 2024, smashing analysts’ expectations and leading to the share price rising by over six per cent in early trades. Like-for-like sales at the FTSE 100 firm rose 2.4 per cent in the 13 weeks to 3 August 2024 or 0.7 per cent [...]
Angling Direct: ‘Robust’ performance spurs hope of reeling in £100m revenue target August 21, 2024 Angling Direct has reported a “robust” first half of the year and said it was confident of achieving a 25 per cent increase in UK revenue to £100m in the medium term. The Norwich-based specialist fishing tackle and equipment retailer reported UK growth of 5.9 per cent in the six months ended 31 July 2024. [...]
Burger King UK’s revenue spikes after restaurants revamped and new sites opened August 12, 2024 Burger King has reported a rise in sales and revenue in 2023 after a boost from new restaurant openings. Revenue spiked by a huge 30 per cent, although like-for-like sales only rose by three percent. The rise in revenue was due to growth in the “existing estate and new restaurants”, as well as “good cost [...]