Tax

Zalando Q3 revenues rise 26% after About You merger

Zalando has reported a 26.5% jump in revenues to €3bn (£2.6bn) in the third quarter ended 30 September, after completing its merger with Hamburg-based fashion platform About You in July in a deal that expanded its customer base to over 61 million across Europe.  During the period gross merchandise volume…

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Cyber attack slashes M&S profits by more than half

Marks and Spencer has seen its adjusted profit before tax fall to £184.1m in the first half of the year ended 27 September 2025, down from £413.1m in the same period last year as a result of the cyber attack it suffered in April. The company also revealed that it…

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Mulberry boss calls on govt to scrap tourist tax

Mulberry CEO Andrea Baldo has called on the government to consider scrapping the tourist tax as it looks to increase growth in the economy. Baldo told The Telegraph that reintroducing tax-free shopping for tourists would “be beneficial for the economy”. He also believes that it would help luxury manufacturers such…

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Amazon quarterly sales rise 13% to $180bn as AWS growth accelerates

Amazon reported a 13% increase in net sales to $180.2 bn (£135.2 bn) for the three months to 30 September 2025, up from $158.9 bn (£119.2 bn) a year earlier, as artificial intelligence and cloud services drove growth. North America sales rose 11% year on year to $106.3 bn (£79.7…

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Superdry returns to FY profit amid restructuring plan

Superdry has returned to profit in FY25 following a restructuring plan that included tight cost control, with pre-tax profits rising to £33.8m, up from a loss of £48.3m the prior year. This was largely driven by over £130m in SG&A savings, targeted cost reductions, and impairment reversals linked to lease modifications. …

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West End festive sales expected to rise 1.3% to £1.7bn

London’s West End is expected to post a 1.3% rise in festive season sales this year, with total spending over November and December forecast to reach £1.7bn, according to the New West End Company. The business partnership said flight bookings to London across the two months were up 2.8% on…

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Next ups FY guidance as Q3 sales rise 10.5%

Next has reported that its sales rose by 10.5% in the thirteen weeks ended 25 October 2025, £76m ahead of its guidance of 4.5% sales growth. As a result of this increase in Q3 sales, the retailer revealed that it is increasing its full year guidance for profit before tax…

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WH Smith postpones results amid accounting error

WH Smith has postponed its full-year results following an accounting error that saw its US profits be overstated by around £30m.In an update, the company said that its preliminary results for the financial year ended 31 August 2025, which were previously set to be announced on 12 November 2025, are…

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Shop price inflation slows to 1% in October amid retailer discounting

Shop price inflation eased to 1.0% year on year in October, down from 1.4% in September, as competition led to widespread discounting, according to the latest British Retail Consortium (BRC) figures. The rate was marginally below the three-month average of 1.1%. It comes as Non-food prices fell by 0.4% year…

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Supermarkets urge chancellor to drop new rates surtax

Nine of Britain’s biggest supermarket chains have called on chancellor Rachel Reeves to exclude large retail stores from the government’s proposed business rates surtax, warning it would add pressure to food prices. The letter, organised by the British Retail Consortium (BRC), was signed by the heads of Aldi, Asda, Iceland,…

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