Fentimans returns to profit after cutting costs March 27, 2025 Fentimans, the soft drinks and tonic water brand, has predicted higher profits in 2025 as it returned to the black during its latest financial year despite the “ongoing challenging backdrop”. The Northumberland-based business has reported a pre-tax profit of £1.4m for 2024, according to new accounts filed with Companies House. The total comes after Fentimans [...]
Echo Falls and Lambrini owner loses over £100m as alcohol duty hikes bite March 27, 2025 The owner of Echo Falls and Lambrini has slumped to a loss of more than £100m as the cost-of-living crisis and alcohol duty hike significantly impacted its finances. The UK arm of Accolade Wines, whose brands also include Hardys and Kumala, has reported a pre-tax loss of £103.8m for the 12 months to 30 June, [...]
Brits’ sweet tooth help Ferrero Rocher, Nutella and Kinder Surprise sales surge March 27, 2025 The British public’s sweet tooth helped sales at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise jump by more than £60m during its latest financial year. Ferrero UK, which also owns Thorntons and Tic Tacs, has posted a revenue of £624.4m for the 12 months to 31 August, 2024, up from the £557.5m [...]
Estée Lauder loses over £360m as it prepares to cut jobs March 26, 2025 Estée Lauder, the beauty giant behind brands such as Clinique, MAC, and Jo Malone, has slumped to a loss of more than £360m in the UK and Ireland as it prepares to cut thousands of jobs. The US multi-national, which is also the owner of Bobbi Brown, Aveda and Tom Ford, posted a pre-tax loss [...]
Rupert Grint: Harry Potter star’s fortune swells ahead of hefty tax bill March 26, 2025 The fortune of Harry Potter star Rupert Grint jumped to more than £30m in the year before being hit by a hefty tax bill, it has been revealed. The actor’s wealth has increased from £27.7m to £30.6m, according to new accounts filed with Companies House for the 12 months to 31 March, 2024. The total [...]
Uniqlo: Gen Z’s viral fashion trends help profit rocket March 26, 2025 Viral fashion trends among Generation Z helped Uniqlo’s profit surge by more than €100m (£83.5m) during its latest financial year. The London-headquartered European division of the Japanese giant has reported a turnover of €1.69bn for the 12 months to 31 August, 2024, up from the €1.30bn it achieved in the prior period. New accounts filed [...]
Julian Charles rescued out of administration after tax rises bite March 26, 2025 Julian Charles, the luxury bedding and homewares retailer, has been rescued out of administration after struggling with falling sales and increasing taxes. The Manchester-headquartered company’s business and assets have been sold to Great Bedding Co Ltd in a deal which safeguarded 230 out of 251 jobs and more than 25 trading sites as well as [...]
MintStars: ‘Ethical’ OnlyFans rival more than doubles in value March 25, 2025 MintStars, a start-up launched as an ‘ethical alternative’ to OnlyFans, more than doubled in value during its latest financial year, it has been revealed. The challenger was established by Jessica Van Meir and Daniel Sargent, who serves as its chief executive, in 2022. In an interview with Morning Wire last year, Van Meir said the [...]
Sidemen: KSI-led YouTube stars rake in millions as popularity grows March 25, 2025 Sidemen, the British YouTube group whose most prominent member is KSI, raked in more than £7m during a bumper year, it has been revealed. Sidemen Entertainment, the company produces content for YouTube, grew its net assets to over £7m in the 12 months to 30 June, 2024. The figure has been revealed in new accounts [...]
Blackpool Pleasure Beach to close rides as costs spiral March 24, 2025 High inflation, interest rates and “significant increases” in the minimum wage have made turning a profit “harder to achieve”, the owner of Blackpool Pleasure Beach has said as it fell back into the red. The attraction, which dates back to 1896, also said the rising costs will force it to close some rides this year [...]