Virgin Records: Streaming boom and Abbey Road Studios help profit more than double August 8, 2024 The continued boom in music streaming as well as the popularity of Abbey Road Studios among major artists helped Virgin Records’s profit more than double during its latest financial year. The company has reported a pre-tax profit of £76.9m for 2023, up from the £37.2m it posted in 2022. According to newly-filed accounts with Companies [...]
Volvo: Record-breaking year for car maker as UK sales near £2bn August 7, 2024 Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.
Harland & Wolff: Departing chief of Titanic shipbuilder issues parting shot as collapse averted August 7, 2024 The former chief executive of Titanic shipbuilder Harland & Wolff has issued a parting shot in his first comments after being ousted from his role. John Wood took to social media today after officially stepping down from his position on August 1. He had not been involved in the day-to-day running of the company since [...]
Full list of Carpetright stores saved by Bensons for Beds after collapse August 7, 2024 Almost 20 Carpetright stores have been snapped up by Bensons for Beds following the firm’s collapse last month. Carpetright was rescued out of administration in July but with the loss more than 1,500 jobs. The major carpet and tiling retailer, which is headquartered in Essex, was snapped up by rival Tapi for an undisclosed sum. At [...]
Pinewood: Strong start for iconic studio ahead of Marvel’s The Fantastic Four boost August 7, 2024 Pinewood saw its turnover jump by almost 40 per cent in the months ahead of filming of Marvel’s The Fantastic Four: First Steps starting at the iconic film studio. The group behind the studio has reported a turnover of £49.3m for the three months to June 30, 2024, up from £35.6m. Pinewood said that it [...]
BMW back in the black after UK sales move up a gear August 7, 2024 The UK arm of BMW surged back into the black during 2023 thanks to a jump in sales across all its brands. The Hampshire-headquartered division has reported a pre-tax profit of £114m for the year after posting a pre-tax loss of £16.8m in the prior period. Newly-filed accounts with Companies House also show that its [...]
Toyota: Interest payment rises help sales accelerate towards £1bn at European arm August 7, 2024 Sales at the European arm of Toyota have accelerated by almost 50 per cent to almost £1bn during its latest financial year, it has been revealed. The car making giant, which also sells Lexus cars, has posted a total revenue of £941.7m for the 12 months to March 31, 2024, according to newly-filed documents with [...]
Rising costs force owner of Blackpool’s piers into the red August 6, 2024 The company the owns Blackpool’s three iconic piers fell into the red during its latest financial year, it has been revealed. The Blackpool Pier Company, which owns the South, Central and North piers on city’s Promenade, has posted a pre-tax loss of £335,652 after reporting a pre-tax profit of £354,231 in 2022. According to newly-filed [...]
Spectrum Brands: Profit slashed at Russell Hobbs, George Foreman and Remington owner despite sales surge August 6, 2024 Profit at the UK arm of the group behind Russell Hobbs, George Foreman and Remington was slashed during its latest financial year despite its sales surging by almost £80m. Spectrum Brands, which has its UK base in Manchester, has reported a pre-tax profit of £3.3m for the 12 months to September 30, 2023, according to [...]
Sales rocket to almost £100m at Mondelēz-owned Grenade August 6, 2024 Sales at Grenade, the sports nutrition company owned by Mondelēz International, jumped towards £100m during its latest financial year, it has been revealed. The company has posted a turnover of £93.2m for 2023, according to newly-filed documents with Companies House, up from £59.5m. Its pre-tax profit also increased from £8.2m to £12.1m over the same [...]
