Category : Search result: private firms profits


Thames Water creditors agree £1.6bn rescue deal

Thames Water's creditors have agreed to a crucial £1.6bn financial restructuring plan as Britain's largest water company battles to avoid collapse, while Tesco reports strong profits and markets react to economic uncertainty.

British Gas owner profits triple to £3.3bn

Centrica, parent company of British Gas, announces record profits while millions struggle with soaring energy bills, sparking political controversy and calls for windfall taxes.

Michelle Mone's Secret £29m PPE Profit Revealed

Explosive documents reveal Baroness Michelle Mone and her children secretly profited £29m from PPE Medro, the company she lobbied government to award massive pandemic contracts.

Kids protest Labour's private school tax plan

Dozens of students and parents staged an emotional protest outside Labour's London headquarters, warning that the party's VAT on private schools could devastate family finances and overwhelm state education.

Dyson profits plummet 50% in challenging year

British tech giant Dyson faces a challenging year with profits nearly halving to £447m, as founder Sir James Dyson warns of 'difficult global conditions' impacting the premium appliance market.

Kingfisher profits slump as UK DIY boom fades

Owner Kingfisher reports a sharp 22.5% drop in half-year profits as post-pandemic demand for home improvement shrinks, with sales falling across its B&Q and Screwfix chains.

Myer Profits Plummet 35% in Challenging Retail Climate

Australian department store giant Myer reports a dramatic 35% fall in full-year net profit, citing intense competition and cost-of-living pressures. The retailer's outlook remains cautious amidst challenging market conditions.

Labour's AI Push Lacks Safeguards, Experts Warn

Exclusive: The Labour government's rapid pursuit of AI deals with US tech giants faces criticism for overlooking potential risks to jobs, privacy, and national security. Experts warn of a 'regulation-light' approach.

MPs Demand Companies House Reform After Blackburn Labour Scandal

UK politicians are calling for urgent reform of Companies House after it was revealed the Blackburn Labour Party was wrongly listed as a person of significant control for dozens of dormant firms, exposing a major flaw in the corporate register.

Temu's UK Revenue & Profits Soar in Stunning Growth

Chinese online marketplace Temu more than doubled its UK revenues to £1.1bn and saw pre-tax profits skyrocket in its first full year of operation, new filings reveal. Discover the strategy behind its rapid conquest of the British retail market.

Record £17.5m in parking fines as crackdown stalls

Private parking firms in the UK have issued a record-breaking £17.5 million in fines last year, as Labour delays a promised crackdown on rogue operators. Drivers are facing aggressive tactics and soaring charges.

M&S Profits Surge 58% in Spectacular Turnaround

Marks & Spencer stages a remarkable financial comeback, with profits surging 58% as its bold 'Never the Same Again' transformation strategy delivers results. Discover how food and clothing sales are driving growth.

Primark Profits Soar 46% on Oracle Tech and NATO Stability

High street giant Primark reports a stellar 46% surge in annual profits, defying economic headwinds. Parent company ABF credits savvy buying and the powerful Oracle retail platform for its success, with NATO's stability bolstering European sales.

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