Elon Musk’s X suffers sales and profit slump before Grok fallout Tech Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was slashed from £69.1m to £28.8m in 2024, accounts filed late with Companies House show. The results also confirm that Twitter UK’s pre-tax profit was cut [...]
Vitality posts healthy profit as revenue passes £1bn insurance Health and life insurer Vitality surged back into the black after its revenue passed the £1bn mark during its latest financial year. The London-headquartered business has posted a pre-tax profit of £48m for the 12 months to 30 June 2025, new accounts filed with Companies House show. The total comes after it fell to a [...]
Coldplay rake in over £250m in profit from world tour Business Coldplay have earned more than £250m in profit from their record-breaking Music of the Spheres World Tour, according to new figures. Frontman Chris Martin, guitarist Jonny Buckland, bassist Guy Berryman and drummer Will Champion performed their shows between March 2022 and September 2025. Over the course of 225 performances, the tour racked up more than [...]
Legal firm faces “material uncertainty” after publishing overdue accounts January 7, 2026 After months of delay, the law firm behind the largest action to hit the London High Court published its 2023 financial accounts, which revealed an annual loss of £95m. Pogust Goodhead’s 2023 account, published on Companies House on Monday, four months past the deadline, showed turnover decreased sharply to £3,607,387, down from £53,077,800 in 2022. [...]
Coty recovers from £50m loss amid potential Rimmel and Max Factor sale January 7, 2026 The UK and Ireland arm of Coty has recovered from losing more than £50m as it considers selling off the likes of Rimmel and Max Factor. The New York-listed giant announced at the end of September that it was weighing its options for its consumer beauty division. While a formal decision has not yet been [...]
Majestic Wine blames Reeves’ tax hikes as profit slashed January 7, 2026 Majestic Wine has blamed Rachel Reeves and her tax policies for its profit almost slashing in half during its latest financial year. The Watford-based business said the “economic environment became more challenging” during the 12 months to 31 March, 2025, especially after the general election and the Chancellor’s first Budget. The chain added that these [...]
Steve Coogan’s TV maker returns to profit before High Court settlement January 6, 2026 Steve Coogan’s production company returned to profit ahead of settling a High Court defamation claim, it has been revealed. Baby Cow Productions has reported a pre-tax profit of £358,628 for the year to 31 March, 2025. The profit comes after the business posted a pre-tax loss of £374,081 for the prior 12 months. New accounts [...]
GTA 6: Rockstar Games’ UK profit rises ahead of release January 6, 2026 Profit at the UK arm of Rockstar Games has risen ahead of the release of the highly anticipated Grand Theft Auto 6 (GTA 6). The business has posted a pre-tax profit of £26.9m for the year to 31 March, 2025, new accounts filed with Companies House show. The latest figure is up from the £19.4m [...]
Triumph: Profit almost wiped out at iconic motorcycles maker January 5, 2026 Profit at iconic motorcycles maker Triumph has almost been wiped out thanks to US President Donald Trump’s trade tariffs and the cost-of-living crisis. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has posted a pre-tax profit of £2.2m for the year to 30 June, 2025. That figure is down significantly from the pre-tax [...]
Nissan loses £888m as major recovery plan accelerates January 5, 2026 The UK arm of car giant Nissan lost £888m during its latest financial year ahead of a major recovery plan taking effect, it has been revealed. The Sunderland-headquartered business has posted the pre-tax loss which is up significantly from the £67m it lost in the prior 12 months. Nissan said its latest accounts, filed with [...]