Dyson’s Profits Fall by Nearly 50% in ‘Difficult’ Year

Profits at Dyson nearly halved during a “difficult” year in which the home appliances business, founded by the billionaire Sir James Dyson, cut more than a quarter of its UK workforce.

Dyson, which has been based in Singapore since 2019 in a move to “future proof” the company, said it had sold 20 million products during the year, more than ever before.

But it still reported a fall in revenues of more than £500 million ($670 million) to £6.5 billion, according to accounts filed in…