Silverwood Brands has warned its financial figures will reveal it experienced a “bumpy ride” during 2023 as it completed its exit from Lush. The London-headquartered company added that while its …
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Mulberry continues to suffer on weak luxury demand
A decline in luxury consumer spending and “challenging” macro-economic conditions have pushed Mulberry’s full-year revenue down by 4 per cent. Demand for luxury goods has fallen amid the cost-living crisis …
London tech company’s profits treble as stock soars over 130 per cent
London tech company Maintel said pre-tax profit more than trebled in 2023 following a major strategic review last year. Adjusted profit before tax jumped from £1.6m in 2022 to £5.5m …
Wickes announces fall in overall sales, guidance unchanged
Home improvement retailers Wickes have announced a 4.2 per cent fall in sales for the for the 16 weeks to 20 April 2024, driven by an 18.2 per cent fall …
HSS Hire ‘mindful’ of macroeconomic uncertainty despite dividend hike
Investors in HSS Hire can look forward to a higher dividend payout this year despite adjusted profit nearly halving on challenging macroeconomic conditions. The tool and equipment hire firm is …
Jeremy Hunt goes to bat for City firms with FCA ‘name and shame’ criticism
Jeremy Hunt launched a broadside against the financial regulator last night over its plans to name firms under investigation. The chancellor told the FT that he hoped the Financial Conduct …
Next: High street bellwether beats market expectations yet again
Strong consumer spending has helped retail giant Next outperform in the first quarter of the year. The company told the market today that full price sales across its business rose …
GSK raises 2024 guidance after strong vaccine sales
London-listed pharma giant GSK has raised its full-year guidance even as operating profit tumbled in its first-quarter results. GSK said it now expected core operating profit growth of nine per …
Aston Martin losses rise more than forecast ahead of production ramp-up
Aston Martin losses increased more than expected in the first quarter as the supercar maker underwent a “transition” period ahead of the launch of a range of new models later …
Growing demand for hip and knee replacements help Smith and Nephew to growth
Medical equipment manufacturer Smith+Nephew has reported 2.9 per cent revenue growth for the first quarter of 2024, in-line with expected growth. Reported revenue growth was slightly lower, at 2.2 per …