Archive for 'Business Profits' Category
Homebuilder Bovis predicts increased profits
The Homebuilder Bovis is predicting an increase in profits for 2012.UK housebuilder Bovis says it expects a significant increase in profit for 2011, following strong earnings growth. The Kent based group expects to record profits of about £31 million for last year, up 68% on 2010. The firm also expects to report an 8% increase [...]
Next sales grow as online business outperforms
Next has reported that its autumn and pre-Christmas sales grew after buoyant online business trading.Total sales at the clothes retailer between 1 August and 24 December rose 3.1% compared with a year earlier, ignoring the effect of rising VAT. However it’s Next Directory sales grew by 16.9%. But its High Street business, which sees some [...]
Moss Bros reports strong sales increase
Menswear retailer Moss Bros has unveiled a double digit increase in sales as its efforts to turn around its fortunes continue.In the 19 weeks to December 10, gross profits were up 7.9% with sales on a same store basis rising by 10.5%. The figures follow the sale of Hugo Boss and Cecil Gee stores in [...]
Sports Direct sales rise despite fragile business climate
Sports Direct has hailed a “strong performance” after reporting half-year pre-tax profits of £100.3 million- a modest increase from the same period in 2010.The retailer said that an 8.4% growth in sales to £888.6 million came despite a “fragile consumer climate”. Chief executive Dave Forsey said he was particularly pleased because the comparison with last [...]
Mulberry trebles profits as sales remain high
Luxury fashion group Mulberry has trebled its half year profits thanks to strong retail sales.The leather goods maker said that pre tax profits rose to £15.6 million in the six months to September, up from £4.7 million in the same period last year. In early trading, shares in Mulberry jumped 2.5% to £15.31. The Chilcompton-based [...]
Berkeley builds profits due to demand in the South East
Homebuilder Berkeley has seen a strong rise in profits to £101 million for the six months to the end of October.This was 64% up on the same period last year, but included a £30 million windfall due to the sale of Berkeley’s share in a project for Imperial College in London. The firm confirmed strong [...]
Scotch on the rocks as exports up 23 per cent
Scotch whisky exports rocketed up over the first nine months of this year, with the valuation of shipments rising by 23% on the same period last year.The value reached nearly £3 billion, with the industry pulling in £125 every second. Exports to Brazil were up nearly 50%, reaching almost 10 million litres of pure alcohol, [...]
Britvic profits continue to fizz
Profits at Britvic, the firm behind J2O and Tango, held up against “the economic turbulence” of 2011 according to chief executive Paul Moody.Britvic reported full year pre-tax profits of £105.1 million, up 0.5% from the previous year. Mr Moody said that 2011 had been a year of “unprecedented” raw material inflation, which was between 9-11%. [...]
Marston’s pubs to create 1,000 jobs in 2012
The pubs chain and brewer Marston’s says its continuing expansion means it will need to recruit another 1,000 employees next year.The company said it had build 19 new pubs this year and planned to build 25 a year from 2012. Marston’s, which has more than 2,000 pubs across the country, brews Pedigree and Banks’s ales. [...]
Fuller Smith & Turner sales buck gloomy trend
The brewer and pub operator Fuller, Smith & Turner has reported higher sales and exports despite the gloomy retail environment.Its profits before tax for the six months to 1 October were £16 million, compared with last year’s £16.8 million. But the company, whose most famous beer is London Pride, reported a 21% rise in exports, [...]