Tax

AllSaints profits soar ‘record’ 55% to £28m in FY25

AllSaints has reported another year of record profitability for the year to 1 February, as profits before tax jumped 55% to £28m, while profit after tax almost doubled to £18.9m.  This comes despite total revenues for the year falling 4% to £441.3m, reflecting what the group described as a “deliberate…

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Shoezone FY profits fall to £2.4m amid slowdown in demand

Shoezone has reported that its adjusted profits before tax are expected to be about £2.4m for the 52-week period to 27 September, down from £10m a year earlier but in line with management expectations.  It comes as the footwear retailer’s revenues fell 7.6% to £149.1m from £161.3m in 2024, which…

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Is Pets at Home really a victim of a ‘subdued’ pet market?

“It’s not just one issue behind Pets at Home’s challenges. A squeeze on household budgets, rising costs in real estate and shifts in consumer behaviour have combined with the challenges of delivering a broad ‘pet care platform’ strategy,” says Anna King, a retail consultant, of the troubles facing the UK’s…

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The Cotswold Company: when success spurs a sale

When a private equity firm begins preparing to sell a company performing at its peak, it can seem counterintuitive. Yet reports that True, the private equity owner of The Cotswold Company, has appointed Arrowpoint Advisory to explore a potential sale suggest a strategic play. It’s one that reveals as much…

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Lidl sees PBT triple to £156.8m as sales rise

Lidl GB has seen its pre-tax profits more than triple to £156.8m, up from £43.6m the previous year, as strong sales growth and higher customer visits lifted performance across its stores. Revenue increased 7.9% to £11.7bn, with the discounter citing its efficiency model and strategic investment as key drivers. Operating…

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Halfords half year LFL sales jump 4.1%

Halfords has revealed that its like-for-like group sales rose 4.1% for the half year ended 26 September 2025. Alongside this, the company saw its retail sales grow 4% LFL while its autocentres sales grew 4.3% LFL. As a result of this positive momentum the company revealed that its full year…

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Virgin Wines FY profits dip 5% to £1.6m amid cost pressures

Virgin Wines UK has reported a 5% fall in profits before tax to £1.6m in the year ended 28 June, as cost pressures linked to government policy weighed on margins.  According to the wine retailer, most of its cost increases stemmed from a rise in alcohol duty and a new…

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Inflation holds steady at 3.8% in September 

Inflation remained unchanged in September for the third month in a row, as the Consumer Price Index rose by 3.8%, with food prices easing over the period.  The September, August and July 2025 figures have been the joint-highest recorded since January 2024, when the rate was 4.0%. Transport made the…

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M&S chief urges chancellor to reconsider tax policy ahead of Budget

Marks and Spencer chief executive Stuart Machin has urged chancellor Rachel Reeves to “change course” on economic policy ahead of next month’s Budget, warning that persistent tax rises risk trapping the UK in a “doom loop” of weak growth.   Writing in The Times, Machin described the government’s fiscal approach as…

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Retailer profit warnings nearly double in Q3

Profit warnings issued by listed retailers in Q3 have almost doubled against the prior year, according to a new report from EY-Parthenon.Over the period, listed retailers issued nine profit warnings, the highest level since Q4 2023. Over half (56%) of these warnings cited weakened consumer confidence as a driving factor.…

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