Tax
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Sep- 2025 -23 SeptemberDIY
Kingfisher ups guidance amid strong H1
Kingfisher has revealed that it is now targeting the “upper end” of its full year 25/26 adjusted PBT of between £480m to £540m, and free cash flow of between £480m to £520m after a strong half year. During the period, the company saw its sales rise to £6.81bn for the…
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19 SeptemberEconomy
Retail sales rise as sunshine and rate cuts boost August trading
Retail sales rose in August, closing out the summer on a stronger footing, according to new data from the Office for National Statistics (ONS). The ONS Retail Sales Index showed a 3% year-on-year increase in sales by value and a 1.2% rise in sales by volume, marking the third consecutive…
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19 SeptemberEconomy
UK consumer confidence falters ahead of Autumn Budget
UK consumer confidence has dropped by two points to -19 in September ahead of the Autumn Budget, according to GfK’s latest long-running index. The survey revealed that all five measures declined in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was down…
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18 SeptemberHigh Street
Next CEO warns UK economy faces ‘anaemic growth’ despite HY profit uplift
Next has revealed that its profit-before-tax rose 13.8% to £515m for the half year ended July 2025 as its CEO warned that the UK is facing “anemic growth”. It comes as the group’s revenues rose 10.3% to £3.25bn, helped by favourable weather and business gained during the M&S cyber attack…
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17 SeptemberEconomy
Inflation holds steady at 3.8% but food prices on the rise
Inflation held steady last month, with a reported rise of 3.8% in the 12 months to August 2025, unchanged from July’s figures. According to the Office for National Statistics (ONS), the August and July figures mark the joint-highest recorded since January 2024, when the rate was 4.0%. It comes as…
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12 SeptemberHigh Street
400 large stores at risk under new business rates proposals, BRC finds
Around 400 large-format stores are at risk of closure, if they are included in the Government’s new business rates surtax on premises with a rateable value over £500,000, according to the British Retail Consortium (BRC). The BRC anticipates that if all 400 at-risk stores were to close, up to 100,000…
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11 SeptemberNews
Ocado revenues jump 15.5% as customer orders increase
Online supermarket Ocado Retail has reported a 15.5% rise in revenues for the 70 weeks to 6 April and an improvement in profitability after increasing its customer base and order volumes in the past financial year. As a joint venture between Ocado Group and M&S, the online retailer’s extended reporting…
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11 SeptemberDepartment Stores
John Lewis H1 losses widen amid tax and budget costs
The John Lewis Partnership has fallen to a £34m loss in the first half of the year, up from a £5m loss the same period last year, attributing the widened loss to a new packaging tax and the effects of the budget. Excluding exceptional items, losses almost tripled from £33m…
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10 SeptemberDIY
Wickes HY PBT rises 17% to £27.3m
Wickes has revealed that its adjusted profit-before-tax rose 16.7% to £27.3m for the half-year ended 28 June 2025, up from £23.4m in the same period last year. Alongside this, the retailer posted total revenues of £847.9m for the period, an increase of 5.6% from the £803.2m it posted in the…
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10 SeptemberClothing & Shoes
Inditex HY profits edge up to €2.8bn
Inditex, the parent company of fashion brands Zara, Bershka and Stradivarius, has reported that revenues rose 1.6% year-on-year to €18.4bn (£15.9bn) in the six months to 31 July, with net income up 0.8% to €2.8bn (£2.42bn). Constant currency revenues jumped by 5.1% during the period, while gross profits inched up…
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