Greg Wright

United Kingdom

Deputy Business Editor at The Yorkshire Post

Yorkshire Post deputy business editor. Married to Alex. Winner of 18 business journalism awards. Event host. Awards judge. Mentor. Views are my own. #htafc

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Articles

Hays: Recruiter is hit by weak global jobs market

1 week ago | yorkshirepost.co.uk | Greg Wright

Shares in the company, which is one of the biggest recruitment agencies in Europe and the largest to be listed in the UK, dropped following the update. It said activity in recent months had dropped, driven largely by weakness in permanent recruitment globally “reflecting low levels of client and candidate confidence as a result of macroeconomic uncertainty”. The market for temporary and contracting work continues to be more resilient, it said.
Morrisons delivers 3.9 per cent growth in like-for-like sales over quarter

1 week ago | yorkshirepost.co.uk | Greg Wright

In an update for investors on trading for the 13 weeks ended April 27, Morrisons said group like-for-like (LFL) sales were up 3.9 per cent. Total sales for the period were up 4.2 per cent to £3.9bn as Bradford-based Morrisons recorded further strong growth in its convenience stores. A total of 42 franchise stores opened in the quarter, bringing the total number of Morrisons Daily stores to more than 1,700, an increase of 120 year on year.
Whitbread posts falling sales amid a 'challenging' UK market

1 week ago | yorkshirepost.co.uk | Greg Wright

The group, which also owns the Beefeater and Brewers Fayre chains, reported a 2 per cent drop in total accommodation sales across the UK in its first quarter to May 29, with food sales plunging by 16 per cent as it revamped its restaurants business. Food and drink sales have been impacted by a restructuring that Whitbread started in April last year, which includes cutting back its restaurant business to build more hotel rooms.
PZ Cussons narrows profit guidance and sells stake in Nigerian palm oil firm

1 week ago | yorkshirepost.co.uk | Greg Wright

The London-listed firm said its profit outlook has been impacted by £2 million of new packaging recycling costs under the so-called Extended Producer Responsibility (EPR) rules, as well falling sales of self-tanning St Tropez ranges in the US. It is now guiding for underlying earnings of between £52 million and £55 million for the year to the end of May, with the top end being cut from the £58 million previously expected.
Frasers Group pulls out of bidding process for Revolution Beauty

1 week ago | yorkshirepost.co.uk | Greg Wright

Frasers, the retail giant which owns Sports Direct and Flannels, said it “now confirms that it does not intend to make an offer” to buy the business. Revolution Beauty formally put itself up for sale last month after being approached by an unnamed suitor. It later told investors that Frasers was “one of a number of parties conducting due diligence” before a potential bid. Frasers’ withdrawal from the bidding war raises questions over the future of the troubled beauty brand.
AO World notches up record annual profits as membership scheme boosts sales

1 week ago | yorkshirepost.co.uk | Greg Wright

The group reported a better-than-expected 32 per cent rise in underlying pre-tax profits to £45m for the year to March 31. Including its recently acquired Music Magpie business, underlying profits rose 27 per cent to £44m. The group saw like-for-like sales lift 7 per cent to £1.11bn and said it was “confident” of another sales rise in the new financial year. Sales were boosted by the deal to buy Music Magpie last October for around £10m, with AO World saying this added £30m to revenues.
Ashtead reveals dip in profits and revenues on back of weaker demand

1 week ago | yorkshirepost.co.uk | Greg Wright

The FTSE 100 company said this was partly offset by higher rental revenues although this growth also slowed amid pressure on the US construction sector. The update comes as Ashtead prepares to shift its primary stock market listing to New York from the start of the year, with plans to also change its name to Sunbelt. Ashtead told shareholders that group revenues dropped by 1% to $10.8bn (£7.96bn) for the year to April 30, compared with the previous year.
Capita looks to 'future proof' business with AI investment

1 week ago | yorkshirepost.co.uk | Greg Wright

The group said it had so far stripped out £185 million of costs as part of its plans to save £250 million a year by the end of 2025 and will put some of the savings into new technology as it rolls out new AI offerings to clients. Capita has launched several new AI products, including Salesforce’s Agentforce for large-scale recruitment, while it has found more than 200 use cases for AI across the business, and launched five new products with five more in the detailed testing stage.
Mighty Drinks: Administrators appointed to Leeds-based alternative milk brand

1 week ago | yorkshirepost.co.uk | Greg Wright

James Clark and Howard Smith from Interpath were appointed joint administrators to Leeds headquartered Watkins Drinks Limited, trading as Mighty Drinks, on June 17. A spokesman for Interpath described Mighty Drinks as one of the UK’s fastest growing dairy alternative brands, with a specialist range of pea protein and oat milks. Its products are sold nationwide from supermarkets and health stores, the statement added.
Jaguar Land Rover warns US tariffs will hit profit margins

1 week ago | yorkshirepost.co.uk | Greg Wright

Published 17th Jun 2025, 07:01 BSTUpdated 17th Jun 2025, 10:06 BSTThe car giant has cut its cashflow expectations in a presentation to investors at its headquarter in Warwickshire. JLR, which is owned by India’s Tata, said it expects margins on underlying profits of between 5% and 7% this financial year. It had previously pointed towards 10% for the year, while it posted an underlying profit margin of 8.5% for the year to March.

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