Finance News – Financial Year
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Profit at The Macallan whisky owner slashed as sales slide
Edrington experienced a significant decline in pre-tax earnings for the fiscal year ending March 2025, reflecting lower revenue across its portfolio of whisky brands.
Read Full Article →Political Currency podcast maker Persephonica triples in value
Persephonica, known for producing Political Currency, experienced significant financial growth last year, with its net assets increasing by over three times compared to the previou...
Read Full Article →BBC-owned Inside the Factory maker rakes in millions
The production company acquired by the BBC in 2022 experienced a substantial increase in revenue, reaching £14.2 million in the latest financial year compared to £8.9 million previ...
Read Full Article →Gousto ‘never better’ after cutting losses by over £50m
Gousto has significantly improved its financial position in 2024 by reducing its pre-tax deficit to £20.3 million, following a substantially higher loss reported in the previous ye...
Read Full Article →Clarks cuts over 1,200 jobs as sales fall by almost £100m
Clarks experienced a significant decrease in revenue and workforce size in the latest financial year, reflecting ongoing challenges in maintaining its previous sales levels and ope...
Read Full Article →The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale
The ongoing reduction in workforce at the company linked to The Ivy, alongside decreasing profits despite increased sales, highlights financial challenges ahead of a major ownershi...
Read Full Article →BGF: Profit almost doubles at major UK investor
The Business Growth Fund experienced a significant increase in pre-tax earnings this year, rising to £131.1 million from £67.9 million in the previous year, driven by multiple succ...
Read Full Article →Wizz Air CEO gets huge bonus despite tumbling shares and profit
The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Record profit for Harry Potter and the Cursed Child theatre owner
Nimax Theatres reported a pre-tax profit of £10 million for the year ending September 2024, marking a significant financial milestone for the company managing the West End producti...
Read Full Article →Sales spike at Elon Musk’s Starlink as profit almost doubles
Starlink's recent financial reports indicate a substantial increase in revenue and nearly doubled pre-tax earnings, reflecting improved business performance in the UK market during...
Read Full Article →The winners and losers in this year's NSW budget
The NSW government’s upcoming financial plan outlines adjustments in funding priorities across various sectors, impacting allocations for education, emergency management, and resid...
Read Full Article →‘Astonishing result’: How super funds are faring amid Trump tariff volatility
Despite ongoing uncertainties caused by trade tensions, retirement savings funds are projected to achieve a third consecutive year of gains as the fiscal year concludes.
Read Full Article →Budget reveals WA oil and gas royalties in rapid decline
Revenue from Western Australia's major oil and gas projects has significantly decreased over the past three years, now accounting for a minimal portion of the state’s overall incom...
Read Full Article →Louis Vuitton: Sales and profit slashed amid luxury spending slowdown
Louis Vuitton's UK division experienced a notable decline in revenue and earnings in 2024, reflecting broader challenges in the high-end retail market and impacting the company’s o...
Read Full Article →Berkeley notes rising demand for new homes as profit drops
Despite decreased annual earnings, Berkeley acknowledges increased demand for housing and remains dedicated to supporting government initiatives aimed at expanding the new home mar...
Read Full Article →NCC Group pivots on cyber security amid rising demand
NCC Group is adjusting its cyber security strategy following a decline in revenue during the first half of the year, reflecting challenges in maintaining financial growth within th...
Read Full Article →Premier Inn owner Whitbread sees UK sales falter amid shake-up of pub business
Whitbread experienced a notable decline in UK revenues during the initial quarter, reflecting market difficulties and a strategic reorganization of its food and beverage operations...
Read Full Article →S&U shake off motor finance woes as verdict looms
The company demonstrated improved financial performance early in the year, reinforcing confidence in its ongoing recovery efforts despite previous challenges within the motor lendi...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
Read Full Article →CEO pay at UK’s top companies is 52 times that of typical worker, report finds
The disparity between top executives and average employees at major UK firms highlights significant income inequality, with leading leaders earning millions annually compared to ty...
Read Full Article →Halma: FTSE 100 giant books record revenue and ups dividend
Halma’s diverse operations contributed to a substantial increase in annual income, resulting in higher payouts to shareholders despite challenging global economic conditions.
Read Full Article →Volvo issues warning despite record UK sales
Although Volvo's UK division achieved substantial revenue growth and a significant increase in profit in 2024, the company has cautioned investors about potential challenges ahead...
Read Full Article →Home Office plans to spend £2.2bn of foreign aid on asylum support
The government has allocated approximately £2.2 billion from international aid funds to cover expenses related to housing and supporting individuals seeking asylum in the upcoming...
Read Full Article →Boots: Profit jumps after closing hundreds of stores
Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...
Read Full Article →CMC Markets eyes Web 3.0 as profit jumps
CMC Markets reported a substantial increase in earnings alongside a slight rise in net operating income, while simultaneously beginning efforts to expand its presence in emerging W...
Read Full Article →Costco: Lower petrol prices help drive profit surge
Reduced fuel costs boosted membership numbers at Costco’s UK branch, contributing significantly to its nearly £200 million profit increase in the most recent fiscal year.
Read Full Article →Interflora returns to profit despite sales slip
Despite a decline in revenue, Interflora’s UK division achieved a pre-tax gain of £1.9 million in 2024, marking a significant turnaround from the previous year’s loss of £2.3 milli...
Read Full Article →Sweet success for biscuit giant behind Jammie Dodgers
The company owning popular biscuit brands reported substantial revenue growth exceeding £600 million, alongside job creation and a notable reduction in financial losses during its...
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