Archives by Tag 'Business Profits'
Burberry sales rise 21% on Chinese exports growth
Fashion retailer Burberry has announced a 21% rise in fourth quarter sales as Chinese export growth continues.In the last quarter of 2011, revenue at the firm – famed for its camel, red and black check pattern – rose to £574 million with sales in Chinese shops up 30%. The firm opened a new flagship store [...]
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 [...]
Toyota seeks to boost production by 20%
Toyota has said it plans to increase production by 20% next year as it tries to recover ground lost due to March’s earthquake in Japan and the recent floods in Thailand.The company aims to produce 8.48 million vehicles in 2012 and increase sales by a quarter to 8.65 million. Toyota is due to lose its [...]
UK car production up for sixth month in November
Car production in the UK rose for the sixth straight month in November according to the Society of Motor Manufacturers and Traders (SMMT).A total of 136,111 cars were made last month, up 8.5% from the same point last year. UK engine production rose by 1.7% in November. “UK vehicle and engine production continues to lead [...]
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 [...]
Bellway housebuilder stays upbeat about prospects
Shares in the housebuilder Bellway rose almost 4% after the company gave an upbeat assessment of its prospects despite the troubled economic times.The FTSE 250 firm said in a trading update that its order book grew to £458 million in November, up from £440 million last year, with reservations up 14%. The average selling price [...]
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, [...]