Porsche sales accelerate to almost £2bn after sales spike October 9, 2024 A spike in Porsche sales in the UK helped the luxury car maker’s revenue accelerate to almost £2bn, it has been revealed. The Berkshire-headquartered division has reported a revenue of £1.92bn for 2023, up from the £1.34bn it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £24.4m to [...]
Netflix: Record profit after password sharing crackdown October 9, 2024 A crackdown on password sharing in the UK helped profit at Netflix surged to a new record in 2023, it has been revealed. The London-headquartered division has reported a pre-tax profit of £60.6m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the streaming giant posted a [...]
How BT, EE, Plusnet, Talktalk, O2 and Virgin Media misled customers over mid-contract price rises October 9, 2024 Six of the UK’s biggest broadband providers, BT, EE, Plusnet, Talktalk, O2 and Virgin Media, failed to make mid-contract price increases clear to consumers, the advertising watchdog has ruled. The Advertising Standards Authority (ASA) said the companies misled consumers by placing important information about price rises separately to headline prices and in areas of less [...]
Shein parks tanks on Boohoo’s lawn as UK sales pass £1.5bn ahead of IPO October 8, 2024 UK sales at Shein, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed. The division generated a revenue of £1.55bn for 2023, up from the £1.12bn it achieved in 2022. Shein also posted an annual profit of £18.7m, a significant rise [...]
Mrs Doubtfire musical on song for West End’s Shaftsbury Theatre October 8, 2024 The success of West End musical Mrs Doubtfire has helped boost the finances of the firm behind London’s Shaftsbury Theatre. The business behind the venue has reported a turnover of £26.2m for 2023, up from the £17m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £1m to [...]
Mcvitie’s white chocolate digestives help boost biscuit giant’s profit by £130m October 8, 2024 The introduction of white chocolate digestives helped boost the owner of biscuit giant Mcvitie’s by almost £130m during its latest financial year. Pladis Foods has reported a pre-tax profit of £131.3m for 2023, up from the £2.8m it posted for 2022. Newly-filed accounts with Companies House also show its revenue increased from £2.54bn to £2.75bn [...]
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 [...]
Cinch and Webuyanycar owner slashes loss despite used and electric cars woes October 8, 2024 The owner of Cinch and Webuyanycar slashed its loss almost in half despite suffering a sharp drop in the value of used cars in 2023. Constellation Automotive, whose brands also include Marshall Motor Group and BCA, has reported a pre-tax loss of £74.4m for the year to 31 March, 2024, down from the loss of [...]
Barbie blockbuster movie fails to boost sales at Mattel October 8, 2024 The huge success of the Barbie movie in 2023 failed to boost the sales of toy giant Mattel in the UK, it has been revealed. The Berkshire-headquartered division of the US group posted a turnover of £145.5m for the 12 months, down from £162.4m in 2022, according to newly-filed accounts with Companies House. However, its [...]
No showstopper performance for The Great British Bake Off maker October 8, 2024 Turnover and profit at Love Productions, the maker of TV shows including The Great British Bake Off, both fell back during its latest financial year. The business has reported a turnover of £71.7m for 2023, down from the £79.3m it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit also [...]
