Tax

Watches of Switzerland revenues surge to £1.6bn in FY25

Watches of Switzerland group has reported an 8% increase in revenues to £1.6bn for the 52 weeks ended 27 April 2025, as its US business surpassed $1bn (£780m) in annual revenue for the first time. US revenues rose 16%, driven by the acquisition of Roberto Coin Inc, while UK revenues…

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Currys FY profits soar 37% to £162m 

Currys has welcomed strong profits and sales in its full-year results, with adjusted profit before tax soaring by 37% to £162m, as UK and Ireland sales boosted its results. In the year ended 3 May 2025, total group revenues were up by 3% to £8.7bn, alongside a like-for-like growth of…

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Superdrug FY profits jump 22.6% amid focus on value items

Superdrug has seen its full-year pre-tax profits jump by 22.6% to £136.8m, as store openings, refurbishments and a focus on value helped offset weaker UK footfall and pressure on consumer spending.  It comes as the health and beauty retailer saw its sales rise by 7% during the year to 28…

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Greggs warns on profits after warm weather hits sales

Greggs has revealed that it expects its full-year operating profit to be “modestly” below FY24 after the heatwave in June caused its sales to fall. The baker stated that cost inflation and wage tax pressures, which caused the company to increase the price of its sausage rolls, were factors which…

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Ocado’s increased debt calls turnaround plan into question

Ocado’s turnaround plans have reportedly been called into question as its heavy reliance on debt in a high inflationary environment threatens its ability to turn a profit, The Telegraph has reported. The online grocer saw its annual debt interest bill climb from around £27m last year to nearly £100m in…

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WH Smith cuts price of high street arm by £12m to close deal

WH Smith has officially completed the sale of its UK high street business to private investment firm Modella Capital for £40m, down from the previously expected £52m.  Under the new terms, WH Smith will receive £10m upfront, with up to £20m in deferred payments linked to the business’s cash flow…

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ProCook FY sales rise 11% to £70m as it ‘outperforms’ market

ProCook has reported that both full-year sales have soared after “outperforming the market”, with sales rising 11% to £69.5m.  The group said its sales result reflects “positive momentum” in both its ecommerce and retail channels over the period.  Its retail revenues rose by 10.3%, benefitting from a like-for-like growth of…

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Halfords profits rise 6.4% to £38.4m in FY25

Halfords has reported that its underlying profit before tax rose 6.4% to £38.4m for the year ended 28 March 2025, above the previously guided £32m to £37m range. Alongside this, its group sales rose 2.5% on a like-for-like basis while its overall revenues inched up 0.1% to £1.72bn. However, the…

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Mulberry eyes £20m fundraising as losses widen

Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…

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River Island to shut 33 stores with hundreds of jobs at risk

River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported.   The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…

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