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Yahoo
15 hours ago
- Business
- Yahoo
THG sees return to revenue growth in Q2 2025
British e-commerce retailer THG has observed a return to group revenue growth in the second quarter of 2025, with a notable improvement in sales within its beauty and nutrition segments. The announcement was made in an update on the company's financial performance before its upcoming Annual General Meeting (AGM). The group stated that this positive trend, particularly marked by robust revenue generation in June, allows it to maintain its financial projections for the fiscal year 2025 consistent with previous forecasts. In the beauty segment, revenue decline is expected to be between 2% and 3%, a significant recovery from the 9.8% drop in the first quarter (Q1). Within that segment, retail operations, which form the bulk of the business, demonstrated robust performance. Notably, the UK market, which is their largest territory, saw its highest growth rate since the first quarter of 2024. The company's strategic move to exit less profitable markets in Asia and Europe will complete its annual cycle in the third quarter, effectively eliminating any negative impact on year-on-year revenue comparisons from that point forward. Revenue from THG's own beauty brands did not meet expectations for the quarter due to the timing of significant customer orders. However, the company expects to reverse this in the second half. THG nutrition has continued to show positive momentum, with new customer growth leading to solid online performance. Q2 2025 is expected to see revenue growth of between 5% and 7%, marking the fastest growth rate since Q1 2022. THG stated: 'Whilst our direct exposure to tariffs is expected to be less than £1m pre mitigating actions, we continue to monitor the changes to US trade policy and reciprocal actions for an adverse impact on raw material supply chains and US consumer sentiment.' In early June 2025, THG Fulfil partnered robotics provider Libiao to install 430 T-sorting robots into its Manchester warehouse facility. "THG sees return to revenue growth in Q2 2025" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
17 hours ago
- Business
- India Today
Gautam Adani not served summons in bribery probe, US court told of Indian delays
The US Securities and Exchange Commission (SEC) has informed the New York Eastern District Court that Indian authorities have not yet served the summons to Indian industrialist Gautam Adani in a federal securities violation Today has exclusively accessed the status report filed by the US AEC in the New York court. India Today reached out to the Adani group for comment on this latest development. The company preferred not to comment on the issue. India Today learnt that the update is part of a routine procedure in transcontinental court to the status report, the American regulator had sought assistance from the Indian central government in February this year to serve summons on Gautam Adani and his nephew Sagar Adani. Nearly four months later, the summons remain unserved. India Today has exclusively accessed the status report filed by the US AEC in the New York court. In early March, the Law Ministry forwarded the SEC's summons to the District & Sessions Court in Ahmedabad, Gujarat, for service on Gautam Adani. However, the SEC has received no confirmation whether the summons have been issued by the court since case against Gautam Adani and Sagar Adani centres on allegations that they violated federal securities laws by making false and misleading statements concerning Adani Green Energy Limited. The case alleges that Gautam Adani, his nephew Sagar Adani and six others agreed to pay about USD 265 million in bribes to Indian government officials to obtain contracts expected to yield USD 2 billion of profit over 20 years, and develop India's largest solar power plant project. The SEC initiated legal action in the US to investigate and prosecute the facilitate the service of summons, the SEC had approached India's Ministry of Law and Justice to act under the Hague Service Convention, an international treaty that governs cross-border judicial document delivery. However, the summons have yet to be transmitted by Indian authorities to the delay in serving the summons continues to stall the progress of the case in the US next status report in the matter is due to be filed by August comes a day after the Indian billionaire denied the US allegeations during the Annual General Meeting (AGM) of Adani Group. He stated that no one from the group has been charged with violating the Foreign Corrupt Practices Act (FCPA) or obstructing justice in connection with the bribery allegations by US authorities and the to the scrutiny around Adani Green Energy, Adani said the group stood firm despite pressure.- EndsMust Watch
Irish Independent
20 hours ago
- Business
- Irish Independent
‘Rural champion' elected to lead Tipperary County Council for coming year
At the Annual General Meeting of Tipperary County Council, Fianna Fáil councillor John Carroll was elected Cathaoirleach of the county council for the coming year, taking over from Fine Gael councillor Declan Burgess. Proposed by councillor Michael Smith and seconded by councillor Sean Ryan, Mr Carroll was described as a champion of rural Ireland. In proposing Cllr Carroll, Michael Smith said that the incoming council chair has plenty of experience which will serve him well in leading the county for the next year. "He has proven to be a rural champion in relation to his involvement in the LCDC (Local Community Development Committee), in the North Tipperary LEADER programme, and while there was so many challenges throughout that time, he was there to the fore as chairperson and he led from the front,' Cllr Smith said. "I have no doubt that with those great leadership skills that he showed in that forum, that he would make an excellent chairperson,' Cllr Smith added. First elected in 1999, Cllr Carroll previously served as Cathaoirleach of North Tipperary County Council in 2006 before north and south Tipperary County Councils were amalgamated in 2014. Speaking to the Irish Independent after his election, Cllr Carroll said that his priorities for the year will be agribusiness, roads funding and the delivery of homes for young people across the county. "The content of council business and meetings has changed considerably [since 2006], there are key challenges today and there's a lot of benefits,' he said. "I was focusing in on the agricultural economy in terms of the climate, the Government can't say one thing and not fund it, we were talking about the ACRES scheme – that's the environmental scheme to improve biodiversity – and they're over a year behind in payments to farmers, that's not a way to win co-operation, and the farmers are really up for it,' Cllr Carroll said. Also among the incoming Cathaoirleach's priorities for the coming year is encouraging Uisce Éireann to develop more water infrastructure across the county to support home building. ADVERTISEMENT "Uisce Éireann providing waste water treatment plants for the towns and villages to sustain a young population that they have housing, so that they don't have to emigrate. We're a large county, when you have a good agricultural and vibrant economy that impacts positively and the same as sustainability of the towns and villages,' he added. Carrick-on-Suir councillor Mark Fitzgerald was elected as Leas-Cathaoirleach for the coming year, having been proposed by Fine Gael colleague Marie Murphy and seconded by outgoing Cathaoirleach Declan Burgess.
Time of India
21 hours ago
- Business
- Time of India
HAL announces Rs 15 final dividend for FY25. Check record date and other details
State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25. This represents 300% on the face value of Rs 5 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days of approval. The company has also announced that the record date for determining eligibility for the final dividend is Thursday, August 21, 2025. This move comes on the back of another strong financial year for HAL, underlining its consistent performance and robust cash flows. The company has a track record of generous dividend payouts, supported by a healthy order book and rising demand for indigenous defence platforms. HAL is India's premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems. The company is a key supplier to the Indian Armed Forces and has been at the forefront of India's defence indigenisation efforts. Its flagship platforms include the Tejas Light Combat Aircraft (LCA), Dhruv Advanced Light Helicopter (ALH), Rudra, and Light Combat Helicopter (LCH), among others. HAL is also responsible for the production and servicing of legacy aircraft such as the Sukhoi Su-30MKI, Jaguar, and Mirage 2000. As of FY25, HAL boasts a robust order book exceeding Rs 1.2 lakh crore, which includes long-term projects such as the Tejas Mk-2, HTT-40 trainer aircraft, and advanced helicopters. The company is expanding its capabilities in UAVs, space systems, and engines, aligning with India's push for defence self-reliance under the Atmanirbhar Bharat initiative. HAL is among the top government-owned firms in terms of market capitalisation and dividend yield, making it a favourite among long-term investors and dividend-focused portfolios.
Economic Times
a day ago
- Business
- Economic Times
HAL announces Rs 15 final dividend for FY25. Check record date and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25. This represents 300% on the face value of Rs 5 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).If approved at the AGM, the dividend will be paid to eligible shareholders within 30 days of approval. The company has also announced that the record date for determining eligibility for the final dividend is Thursday, August 21, move comes on the back of another strong financial year for HAL, underlining its consistent performance and robust cash flows. The company has a track record of generous dividend payouts, supported by a healthy order book and rising demand for indigenous defence is India's premier aerospace and defence company. It operates under the administrative control of the Ministry of Defence and plays a crucial role in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related company is a key supplier to the Indian Armed Forces and has been at the forefront of India's defence indigenisation flagship platforms include the Tejas Light Combat Aircraft (LCA), Dhruv Advanced Light Helicopter (ALH), Rudra, and Light Combat Helicopter (LCH), among others. HAL is also responsible for the production and servicing of legacy aircraft such as the Sukhoi Su-30MKI, Jaguar, and Mirage of FY25, HAL boasts a robust order book exceeding Rs 1.2 lakh crore, which includes long-term projects such as the Tejas Mk-2, HTT-40 trainer aircraft, and advanced company is expanding its capabilities in UAVs, space systems, and engines, aligning with India's push for defence self-reliance under the Atmanirbhar Bharat is among the top government-owned firms in terms of market capitalisation and dividend yield, making it a favourite among long-term investors and dividend-focused portfolios.
