💨 Abstract

Timpson, a cobblers chain known for hiring former offenders, reported a 4.5% sales increase to £347 million and a 26% profit jump to £48 million. However, the company warned of a £12 million hit due to increased National Insurance contributions. CEO James Timpson's departure to become Prisons Minister is also seen as a loss.

Courtesy: www.thesun.co.uk