McVitie’s: Record revenue for owner Pladis as profit jumps October 14, 2025 Revenue at the owner of McVitie’s and Jacob’s Cream Crackers jumped to a new record in 2024 as its profit also surged, Morning Wire can exclusively reveal. London-headquartered Pladis, the snacking group whose brands also include Flipz, Godiva and Ülker, has posted a revenue of £3.23bn for its latest financial year, new accounts have confirmed. [...]
British icon in the red after Rachel Reeves’ tax hikes costs jobs October 10, 2025 John Smedley, the historic family-owned luxury knitwear brand, has been forced to raise prices and make redundancies as it battles Chancellor Rachel Reeves’ tax hikes as it fell into the red. The Derbyshire-headquartered business can trace its roots back to 1784 and is currently run by the eighth generation of the Smedley family. Executive chairman [...]
Del Boy billionaire’s empire returns to profit after rescue deals October 9, 2025 The retail empire owned by the so-called ‘Del Boy billionaire’ and behind The Range and Wilko, returned to the black before rescuing the Homebase brand, it has been revealed. Chris Dawson’s Norton Group Holdings has reported a pre-tax profit of £10.5m for the year to 2 February, 2025, new accounts filed with Companies House show. [...]
B&M shares tumble as boss vows to ‘correct operational weakness’ October 7, 2025 Shares in B&M have tumbled after the discount retailer reported sliding profits. The groups chief executive vowed to “correct the operational weaknesses” as the firm warned it expects to report pre-tax earnings of £198m in the six months to end September, a drop of 28 per cent on last year, while UK revenues were up [...]
Frasers Group chairman urges Unite to avoid ‘reckless’ strike October 3, 2025 The chairman of retail giant Frasers Group has urged Unite the Union to avoid “reckless and irresponsible” strike action as retail firms across the UK feel the crunch of rising cost pressures. Sir Jonathan Thompson, who took the role of Chair in September, has asked the Union’s General Secretary Sharon Graham to reconsider plans to [...]
New Balance: UK sales pass £1bn for the first time October 2, 2025 Sales at the UK arm of New Balance have surged to more than £1bn for the first time, it has been revealed. The Cheshire-headquartered division has posted a turnover of £1.02bn for 2024, new accounts filed with Companies House show. The total is up from the £882.1m it achieved in 2023, the £679.7m it posted [...]
Exclusive: Peter Kyle says Employment Rights critics ‘come from certain educational backgrounds’ October 2, 2025 Business secretary Peter Kyle has dismissed critics of the Employment Rights Bill as people on an “above average income” and those who have not had an “ordinary experience in the economy”. Labour’s workers’ rights package has faced staunch opposition from CEOs as well as top business groups including the Federation of Small Businesses (FSB) and [...]
Marylebone High Street: Host of lettings take super-prime village to capacity October 1, 2025 Marylebone has welcomed eight new names to its high street, with continued demand for spots taking the village to full capacity. A host of fashion, perfume and food brands have leased shops on the high street, while two longstanding companies are set to unveil enhanced new store layouts. “Demand for stores is at its highest… [...]
David Beckham shares huge pay day amid record year October 1, 2025 David Beckham has shared a huge pay day after profit at his business empire jumped by almost a quarter in 2024, it has been revealed. DRJB Holdings Limited, which includes David Beckham Ventures Limited, Seven Global LLP and Studio 99 Group, has posted a net profit of $44.9m (£35.1m) for the year, up from $36.2m [...]
Selfridges: Losses slashed despite revenue hit October 1, 2025 Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]