Galliford Try ‘well-positioned’ to benefit from government spending Property Galliford Try has stated that it “welcomes” the government’s ambitions for affordable housing and infrastructure and expects to report a profit ahead of expectations this year. The construction giant, which has 4,300 employees across the UK, operates across the public and regulated sectors – including water, transport and building projects. The company told markets it [...]
Watches of Switzerland: Trump tariffs spark hike luxury timepiece prices Retail Watches of Switzerland Group (WOSG) has warned scores of its products in America will see price increases due to Trump’s 10 per cent tariff on non-US goods. Its share price fell more than five per cent in early trades. The London-listed company, which sells luxury timepieces from Patek Philippe, Rolex, and Audemars Piguet – amongst [...]
Greggs: Shares crater as sweltering June set to hit profit Retail Greggs has said it expects to report lower annual profit than last year as scorching temperatures in June impacted sales. The company told markets this morning that total sales in the first half of the year grew 6.9 per cent to £1.3bn, although like-for-like sales grew just 2.6 per cent. Shares fell by more than [...]
Sunny spring boosts sales at Sainbury’s July 1, 2025 Sainsbury’s has reported a boost in fresh food sales this spring despite growing competition in the UK’s supermarket sector. The FTSE 100 company said that overall sales grew 4.9 per cent in the 16 weeks to June 21, ahead of the market. Grocery sales grew 4.9 per cent, while non-food sales grew 4.2 per cent. [...]
Ibstock hikes brick production as UK construction market picks up June 11, 2025 Brick manufacturer Ibstock has reinstated production capacity at several factories, providing a boost to Britain’s building materials shortage. The move is a bet on the building market’s recovery, with higher production capacity ensuring the company is “well placed to benefit from the recovery as it gathers pace.” Ibstock, which holds a 40 per cent share of the [...]
Fuller’s toasts stellar year as Brits flock to pubs June 11, 2025 Hospitality giant Fuller, Smith & Turner has become the latest UK pub chain to report a stellar year of trading as Brits continue to head to pubs despite financial constraints. The FTSE 250 company told markets this morning that revenue rose 4.8 per cent to £376.3m in the 52 weeks to March 29. Like for [...]
Dr Martens: Shoemaker broadens range of sandals and bags as profit plummets June 5, 2025 Dr Martens has announced a new strategic focus after a bruising year which saw the brand nearly fall into the red. It will move away from a narrow focus on boots to a much broader approach targeting shoes, sandals and bags via a strategy called “Levers for Growth”. “Our ambition is to establish Dr. Martens as the world’s [...]
WH Smith nears sale of high street chain as revenue rises June 4, 2025 WH Smith has confirmed it remains on track to sell its high street division to the owner of Hobbycraft by the end of the month. In March, the FTSE 250 company announced it had agreed to offload the arm to private equity firm Modella in a deal which valued it at £76m. When complete, the [...]
B&M: Revenue ticks up as new stores outperform June 4, 2025 Discount retailer B&M has reported a bump in its full-year earnings after progress in France and a better-than-anticipated performance at its new stores. The London-listed Luxembourg-headquartered company reported revenue of £5.57bn in the 52 weeks ended March 29, up 3.7 per cent year on year. It said the higher revenue was “primarily driven” by the contribution [...]
MJ Gleeson: Shares plummet after profit warning as property market struggles June 3, 2025 Housebuilder MJ Gleeson has warned of a 15-20 per cent hit to its profit this year due to a slow housing market recovery and the collapse of a land sale in Yorkshire. The company told markets this morning that the pace of housing market recovery in the UK has “not been sufficient” to offset the [...]