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DFS profits up but group cautious over post-Budget costs


By Michael Griffiths

DFS is expecting to see a growth in profits in its opening half results but warned it is facing higher costs in 2025 as a result of tax changes in last October’s Budget.

The furniture retailer has forecast its pre-tax profits to be £16m to £17m, which would be around £7m to £8m up year-on-year


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William Hill owner earnings to be ‘well ahead of market expectations’

evoke has stated that following a "strong performance" in Q4 it expects its EBITDA to be "well ahead of market expectations" for the full financial year

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Taylor Wimpey stays upbeat despite caution over build costs

Taylor Wimpey has stated that it remains confident for 2025 despite issuing a warning over higher building costs from tax changes announced in the Autumn Budget

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Premier Inn owner suffers ‘growth problem’ in Q3

The owner of Premier Inn, Whitbread, is witnessing a "growth problem in the UK" according to analysts, as like-for-like (LFL) sales in its accommodation sector dropped by 3% in Q3

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Currys raises full-year profit outlook

Currys has lifted its profit outlook for the full year after the electrical goods retailer reported a strong period of trading in the 10 weeks to 4 January

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Julian Fagge appointed as Smiths Group CFO

Smiths Group has appointed Julian Fagge as its new chief financial officer (CFO), after the current CFO, Clare Scherrer, announced that she was retiring from the role as of 31 January

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Loungers receives ‘increased and final’ takeover offer from Fortress

Loungers has received an "increased and final" acquisition offer from Fortress, valued at £354.4m

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Ocado delivers sales growth as M&S range drives customer numbers

Ocado has posted a 17.5% revenue growth in Q4 to £715.8m as the online grocer enjoyed a strong Q4 trading period before Christmas

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IG Group acquires Freetrade for £160m

IG Group has acquired self-directed investment platform, Freetrade, for £160m

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Vistry ends ‘streak of bad news’ as it retains profit guidance

Vistry has announced that its profit guidance currently remains in line with expectations, after delivering three profit downgrades in consecutive months

JD Sports lowers profit guidance again in ‘challenging market’

JD Sports has lowered its profit before tax guidance again, after citing a "challenging market"
Dunelm posts slight sales uptick despite ‘challenging’ market

Dunelm has reported a 1.6% jump in Q2 sales to £490m, despite the furniture retailer facing what it described a “challenging” market
Holophane Retirement Benefits Scheme completes £24m buy-in with PIC

Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members


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