Published 29 days ago • loading... • Updated 28 days ago

HMV sales on song as billionaire owner helps turn around high street icon

Summary by Business-live.co.uk

The high street icon has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year - with the latest total coming after a rise in 2022 and 2021

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Retail Sector

HMV halts UK expansion amid rising wage costs

HMV has halted its UK expansion in anticipation of the rising wage costs due to commence next month, and will open stores in Ireland and Belgium instead, The Guardian has reported. According to managing director Phil Halliday, HMV had ambitions to open as many as 10 additional stores in the UK this year. However, this plan had to be reined in as the retailer was “peddling pretty hard” to maintain profits despite strong sales growth. In the ye…

28 days ago

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stocktitan.net

Universal Music's Profit Soars 65% as Taylor Swift Leads Record-Breaking Year

Q4 revenue hits €3.4B with 18% EBITDA growth, driven by streaming success and global chart dominance. Company announces €951M dividend amid strong performance.

29 days ago

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