MARKET REPORT: Pandemic ‘puppy boom’ leads Pets at Home to £80m profit

The pandemic ‘puppy boom’ has handed Pets at Home a double-digit sales boost, putting the retailer on track for a near-£80million profit. In a third quarter trading update, the UK’s biggest pet care business said revenues increased to £302million during the 12 weeks to December 31. That was 18 per cent higher than a year … Read more

MARKET REPORT: Genus hits record high as it beefs up profit forecast

Shares in animal genetics business Genus hit an all-time high as it brought home the bacon for investors. The company, which selectively breeds livestock and sells bull and pig sperm to farmers, said it was hiking its profit forecasts following a ‘strong’ performance in the six months to December 31. It is now expecting a … Read more

Recruiter Page Group is hit by a 20% profit loss as the pandemic and Brexit fears take their toll

Recruiter Page Group is hit by a 20% profit loss as the pandemic and Brexit fears take their toll By City & Finance Reporter for the Daily Mail Published: 22:05 GMT, 13 January 2021 | Updated: 22:05 GMT, 13 January 2021 Recruiter Page Group’s gross profits tumbled by a fifth for the end of 2020 … Read more

George Calombaris makes a $4.05million profit on his Toorak mansion

George Calombaris and his wife, Natalie Tricarico, have sold their Melbourne mansion for almost double what they paid for it in 2013. The couple, who purchased the five-bedroom Toorak property for $4.75million, listed it for sale in February 2020 as George’s hospitality empire teetered on the brink of collapse. The house had an estimated value … Read more

ainsbury’s records £330million profit for 2020 after Christmas and Black Friday trading surge

Sainsbury’s records £330million profit for 2020 after Christmas and Black Friday trading surge with 1.1MILLION online orders in the 10 days before Christmas Britain’s second largest supermarket chain thought profit would be £50m less  Huge sales from Black Friday and just before Christmas catapulted revenue up Sainsbury’s also owns Argos, which saw sales rise 8.4% … Read more

You can drive into profit as number plate prices boom

You can drive into profit as number plate prices boom – but it’ll cost you millions if you want to show you are No1 Surge in demand for personalised car number plates during the pandemic The increase in sales has helped the value of the most sought-after plates rise  Number plates can change hands for … Read more

Will 2021 see the end of free banking as banks struggle to turn a profit?

At the start of September, buried in an otherwise nondescript update about changing terms and conditions, the digital bank Starling made an unusual announcement. From 4 November, the bank would ‘introduce an interest rate of -0.5 per cent on deposits over €50,000’ held in its euro account.  Starling had become the first British bank to … Read more

Mike Ashley’s Frasers Group forced to trim back profit forecasts

Mike Ashley’s Frasers Group forced to trim back profit forecasts as retailers face much leaner Christmas than had been hoped The firm said guidance of a 20 to 30 per cent boost in profits now unlikely  Frasers Group includes Sports Direct, House of Fraser, Evans Cycles and Game By This Is Money Published: 10:54 GMT, … Read more

Garry Lyon and Nicky Brownless make a $200,000 profit on Melbourne home

AFL couple Garry Lyon and Nicky Brownless make a $200,000 profit as they sell their Melbourne love nest for $3.37million By Louise Starkey and Candice Jackson For Daily Mail Australia Published: 04:26 GMT, 14 December 2020 | Updated: 04:26 GMT, 14 December 2020 Garry Lyon and Nicky Brownless have sold their home in Armadale, Melbourne, … Read more

Ocado raises its expected profit forecast again

Ocado hikes profit forecast again after record online grocery purchases during the pandemic Ocado’s retail revenues shot up by almost £150m to £579.6m during the quarter Its anticipated EBITDA for the 2020 financial year is now predicted to be £70m Market research agency Kantar estimates sales could reach £12bn this month  By Harry Wise For … Read more