Finance News – U.K.
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Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit
The fashion company associated with Touker Suleyman reported a modest pre-tax gain of £3,000 in 2024, marking a financial turnaround following a substantial loss the previous year.
Read Full Article →Pennon Group: FTSE 250 water firm swings to loss after parasite scandal
Pennon Group reported a £35.1 million loss in the most recent fiscal year, reflecting financial challenges linked to the Brixham water supply issues but consistent with the company...
Read Full Article →Revealed: British taxpayers' £10.2bn loss on bailout of RBS
The government's final sale of its remaining Royal Bank of Scotland shares is expected to solidify a substantial financial deficit for taxpayers stemming from the bank's 2008 rescu...
Read Full Article →Greene King: Pub giant calls for ‘urgent help’ after losing £150m
Greene King experienced a significant financial downturn in 2024, shifting from a substantial profit to a considerable pre-tax deficit, prompting a request for immediate government...
Read Full Article →UK's only global luxury brand to cut 1,700 jobs
Burberry plans to reduce its workforce by approximately 1,700 positions globally in the next two years as part of efforts to address significant recent financial challenges.
Read Full Article →GoDaddy recovers from huge loss as revenue jumps
GoDaddy’s European division improved its financial performance in 2024 by achieving a pre-tax profit of $4.2 million, reversing the previous year’s significant deficit of over $68...
Read Full Article →Nissan to shut seven factories, cutting 20,000 jobs worldwide
Nissan’s decision to reduce its global workforce and facility operations follows a substantial financial downturn influenced by unsuccessful merger discussions and declining sales...
Read Full Article →New Zealand Rugby post £8.7m loss months after Ineos saga
New Zealand Rugby reported a significant financial deficit for 2024, marking the third year of losses despite experiencing its highest revenue levels during this period.
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