Iceland in the red as Rachel Reeves’ tax raid forces prices higher August 8, 2025 Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]
Netflix rakes in record UK profits as cost conscious Brits choose adverts August 8, 2025 A rise in Brits choosing Netflix’s advertising tier helped the streaming giant rake in record profits as its UK revenue jumped towards the £2bn mark, it has been revealed. The UK arm of the US giant has reported a pre-tax profit of £63m for 2024, up from the £60.6m it achieved in 2023 – the [...]
House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Huawei issues UK sales warning as restrictions hit hard August 7, 2025 The UK arm of Chinese telecommunications giant Huawei has issued a warning over its future sales as restrictions on its activities continue to have a major impact. The Reading-headquartered business has said its turnover in 2025 will continue on the downward trajectory it has been on since 2019 but that the company will remain profitable. [...]
Call me converted, I’ve finally found a positive use for ChatGPT August 6, 2025 Anna Moloney was an AI Luddite. Then she discovered it could do her taxes. She tells us about (kinda) embracing ChatGPT in today's Notebook.
TalkTalk: Huge losses revealed amid job cuts and fleeing customers August 6, 2025 The full extent of TalkTalk’s financial woes have been revealed for the first time amid sky-rocketing losses and huge job losses as customers move to other broadband providers. New accounts for the Salford-headquartered group filed with Companies House have revealed its pre-tax losses surged from £153m to £465m in the year to 28 February, 2025. [...]
All3Media: Losses balloon at The Traitors maker amid £100m hit August 6, 2025 Losses have ballooned at the production giant behind the likes of The Traitors, Race Across the World and Gogglebox as its revenue slumped by almost £100m, it has been revealed. All3Media has reported a pre-tax loss of £113.5m for 2024, after also posting a loss of £27.8m in 2023. New accounts filed with Companies House [...]
Wealth exodus ramps up as bosses quit UK August 6, 2025 A wave of company directors have left the UK since the government unveiled a host of punitive tax rises on the wealthy at its maiden Budget last autumn, exacerbating fears that a wealth exodus of Britain’s most affluent residents is afoot. According to an analysis of Companies House data, 3,790 company directors removed Britain as [...]
Losses double at global recruiter despite sales passing £2bn August 5, 2025 Losses at a UK-headquartered global recruitment giant more doubled despite its revenue passing the $3bn (£2.2bn) mark during its latest financial year. Altrincham-headquartered NES Fircroft has posted a pre-tax loss of $67.7m for the 12 months to 31 October, 2024, according to new accounts filed with Companies House. The loss comes after the business also [...]
Swissport creates 900 UK jobs as profit almost quadruples August 5, 2025 Swissport created 900 UK jobs as its profit almost quadrupled during its latest financial year, it has been revealed. The Cheshire-headquartered UK arm of the aviation services giant has posted a pre-tax profit of £39.8m for 2024, up from the £10.5m it achieved in the prior 12 months. That previous figure was the first time [...]