Wallace and Gromit maker Aardman slips into the red October 11, 2024 Aardman, the studio behind Wallace and Gromit, fell into the red during 2023, it has been revealed. The Bristol-headquartered business has reported a pre-tax loss of £550,135 for its latest financial year. The loss comes after the studio posted a pre-tax profit of £1.5m in 2022. Aardman said it fell to a pre-tax loss because [...]
Red Bull revenue take flight after multipacks success October 10, 2024 Revenue at energy drink giant Red Bull jumped by almost £90m in 2023 after more people in the UK picked up its multipacks. The London-based division of the Austrian giant has reported a revenue of £594.1m for its latest financial year, up from the £508.6m it posted in 2022. Newly-filed accounts with Companies House also [...]
Centrica-owned Hive continues in the red despite sales rise October 9, 2024 Hive, the smart home devices brand owned by Centrica, continued in the red despite its revenue rising during its latest financial year. The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022. Hive has never made a pre-tax profit since it was launched over a [...]
Why Uber chief thinks electric cars are ‘just plain better’ October 8, 2024 Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]
Hollyoaks maker comes down from US high October 7, 2024 Turnover at the maker of Hollyoaks, The Only Way is Essex and Geordie Shore fell back to expected levels in 2023 after experiencing a spike in the prior year. Liverpool-headquartered Lime Pictures has reported a turnover of £65.2m for 2023 after its sales surged to £100.9m in 2022. The rise in 2022 came after the [...]
Britain’s economy can’t run on industrial nostalgia October 7, 2024 Just because an area like Port Talbot once supported a particular industry like steel, there’s no reason the state must ensure it always does, says Eliot Wilson When the government announced last month that it would give Tata Steel £500m to modernise its facility in Port Talbot, I noticed a revealing remark. The business and [...]
Seedlip revolutionised alcohol free drinking. Now its founder has a new product: We tried it first October 6, 2024 Ben Branson birthed the alcohol free spirits scene when he launched Seedlip nearly ten years ago. Five years after selling his majority share, he’s ready to change the face of drinking. Again. He talks to Adam Bloodworth Through the launch of Seedlip, Ben Branson established a reputation as the founding father of the alcohol free [...]
Construction sector surges thanks to interest rate cuts and planning reform October 4, 2024 "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.
Rightmove warns almost £25bn needed to insulate 2.9m UK homes by 2030 October 4, 2024 There are 2.9 million houses that will require £23.4bn in improvements to meet the government’s energy performance certificate (EPC) standards by 2030, according to Rightmove. New analysis from the property portal found that an average of £8,074 will have to be spent on rental homes to upgrade them to a C rating by EPC standards. [...]
Shepherd Neame: Britain’s oldest brewer ups dividend on ‘positive and encouraging’ results October 2, 2024 Britain’s oldest brewer Shepherd Neame have reported record revenue for the full financial year despite ongoing cost headwinds. The Faversham-based brand, which owns and operates 291 pubs across the southeast, told markets this morning that revenue for the 53 weeks to 29 June grew by 3.6 per cent to a record £172.3m, from £166.3m in [...]