Avanti West Coast boss insists ‘laser focus’ will help cut cancellations and delays November 11, 2024 Avanti West Coast needs to maintain a “laser focus” on cutting cancellations and delays to its train services, its boss has said. Managing director Andy Mellors also insisted that the operator is “making progress” in improving its performance but that there is “still more to do”. The MD was speaking to the PA news agency [...]
Profit at FTSE 100 supplier Workday almost doubles November 11, 2024 Profit at the UK arm of software giant Workday almost doubled during its latest financial year, it has been revealed. The US group’s division has reported a pre-tax profit of $39.5m (£30.6m) for the 12 months to 31 January, 2024, according to newly-filed accounts with Companies House. The new figure comes after the firm posted [...]
Jaguar Land Rover: Profit accelerates but sales stall November 8, 2024 Jaguar Land Rover has revealed its pre-tax profit accelerated by 25 per cent during the first half of its financial year despite its revenue flatlining. The automotive giant has reported a profit of £1.1bn for the first six months of its year to the end of September 2024. However, its revenue remained at £13.7bn. For [...]
Bentley pushes back full all-electric switch to 2035 November 7, 2024 Bentley Motors has pushed back its switch to only making electric cars to 2035, it has been confirmed. The Crewe-headquartered luxury car maker, which is owned by Volkswagen, had originally announced in November 2020 that it intended to go all-electric by 2030. The aim was again reiterated in January 2022 when Bentley revealed plans to launch [...]
Castore: Andy Murray sportswear brand backed by billionaires tops growth list November 7, 2024 British sportswear brand Castore, which is backed by the likes of Sir Andy Murray and the billionaire Issa brothers, has been named as the UK’s fastest growing retailer. The Manchester-headquartered company has topped the list from Retail Index which analyses revenue growth over a two-year period. Based on the figures used for the ranking, Castore’s [...]
Purplebricks boss who rescued online estate agency for £1 to step down November 7, 2024 The chief executive of Purplebricks is to step down as the online estate agency undergoes a major restructure. Sam Mitchell has been the CEO of Strike since January 2018 and took over the same role at Purplebricks in June 2023 after the company was acquired for just £1 after falling into financial difficulties. Mitchell has [...]
Debts revealed at Michelin-starred restaurant backed by Gary Neville November 7, 2024 The company behind a Michelin-starred restaurant backed by Gary Neville that closed last year owed almost £1m as it entered liquidation, it has been revealed. The restaurant, called The Man Behind The Curtain, was located in Leeds and run by chef Michael O’Hare. It was awarded a Michelin star in October 2015, three AA Rosettes in 2016, and attracted investment [...]
Mamas & Papas: M&S and Next deals boosts sales to new record November 7, 2024 High street nursery brand Mamas & Papas has reported record sales thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered company has posted a revenue of £154.3m for the 12 months to 31 March 2024, up from the £144.1m it achieved in the prior year. The business said that its revenue [...]
Salesforce cuts over 450 UK jobs as profit spikes November 7, 2024 The UK arm of cloud-based software giant Salesforce cut more than 450 jobs in the year its profit jumped by over 70 per cent. The London-headquartered division of the US group decreased its headcount from 3,427 to 2,964 in the 12 months to 31 January, 2024, newly-filed accounts with Companies House have revealed. The new [...]
Reebok profit surges as international sales take off November 7, 2024 Profit surged at Reebok in the first full year since being acquired by Authentic Brands, it has been revealed. The Cheshire-headquartered group has posted a pre-tax profit of $176.8m (£147m) for 2023 while its turnover totalled $276.4m. The results, revealed in newly-filed accounts with Companies House, were filed after the 31 September deadline. The new [...]
