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Chocolate-maker Thorntons has seen a drop in both sales and profits for the half year which it has described as “disappointing”.The figures show that sales dropped 8.2% to £128.2 million and pre-tax profit dropped 8.8% to £6.5 million in the 28 weeks to January 10th following a profit warning in...
A report from The Office for National Statistics (ONS) has announced that business investment in the UK has dropped by 1.4% in the second quarter – the biggest drop since 2009 as the blame looks towards falling oil prices.Oil companies have put on hold investment in the UK and around...
A report from research firm GfK has said that British consumer confidence remained at a high in February, due to rising wages and low inflation which has made consumers more confident about their finances.The confidence index held steady from the rate seen in January, which was the highest since last...
International Airlines Group (IAG), the owner of British Airways, has reported an increase in 2014 annual pre-tax profit to €828 million (£601 million).The airline group said profits were improved after the introduction of more efficient aircrafts and lower fuel prices. Their operating profits nearly doubled to just more than €1...
It has been announced that private equity group Terra Firma is to sell Odeon and UCI cinemas for £1 billion later this year.The group, which purchased Odeon in 2004 for Eu650 million and UCI for Eu350 million, said that potential suitors include private equity firms, US cinema groups and South...
Pizza group Domino’s has announced its final results for the 52 weeks to December 28th 2014, with a sales increase of 14.6% to £766.6 million compared to £668.8 million in 2013.The company added that profit before tax rose by 15.1% to £54.8 million and like-for-like sales grow by 11.3% in...
Ladbrokes has announced a large fall in pre-tax profit for 2014, from £68 million to £38 million and is expecting to close 60 UK shops in the coming year.The bookmaker, which has more than 2,000 UK outlets, has blamed "regulatory headwinds" and a disappointing Boxing Day. It also warned that...
Former Tesco director, David Potts has been appointed as Morrison’s new chief executive.David Potts started his career at Tesco aged 16 and became retail director in the UK and chief executive of its Irish businesses but will finish to move to his new role March 16.He takes over from Dalton...
Shaun Wills is to step down as chief financial officer at SuperGroup due to personal bankruptcy.Former Dunelm chief executive Nick Wharton whose prior positions include chief financial officer of Halfords is to step in until they find someone permanent.SuperGroup commented “This decision was made upon the board becoming aware on...
It has been announced that Totton Retail Park in Southampton, which includes companies such as Lidl, Argos, Jollyes and Poundstretcher, has been sold for nearly £9 million.The retail park which comprises four retail warehouses which totals 34,458 sq ft and has 135 parking spaces was sold to LondonMetric Property for...
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