Lego builds on sales surge as profits hit £750m Building revenues The Lego group revealed a 17 per cent surge in revenues in the first six months of the year as it beat expectations with net profit of DKK 6.2bn (£750m).
Lego profits tumble as pandemic playday comes to an end Lego The Lego Group has suffered a steep fall in profits, figures from its half year results show, as demand for the plastic bricks maker showed signs of dwindling amid a tough economic climate. Operating profit at the children’s toy brand reached DKK 6.4bn (£740m) during the first half of the year, down considerably from DKK [...]
Fortnite maker Epic hits £24.2bn valuation as Sony continues gaming push EPIC GAMES Fortnite maker Epic Games raised a further $2bn (£1.5bn) this afternoon, valuing it at a whopping $31.5bn (£24.2bn). The round included investment from existing investor Sony Group as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1bn respectively. Sony’s ongoing push with Epic Games may be [...]
Inside the content creators’ industry, not everything is as glossy as it seems February 7, 2022 Say “influencer economy” to most people and there remains a temptation to shrug it off as a handful of Youtube stars making a few grand here and there for make-up videos. In truth, the influencer economy has become mainstream – almost 50m people around the world consider themselves “content creators”. That spans from impossibly youthful [...]
STV buys Greenbird Media for £21.4m and gains hit series in growth push July 6, 2023 STV has acquired Greenbird Media, an unscripted television production network, for £24.1m today in a “transformative” drive for greater growth across the UK and globally. The Scottish broadcaster, which has brought popular dramas like Antiques Road Trip, Celebrity Catchphrase and Blue Lights to UK television screens, is bolstering its STV Studios production division with the [...]
Lego sales surge as housebound families play during lockdown September 2, 2020 Lego sales surged in the first half of the year as housebound families spent more time playing games during coronavirus lockdowns. Sales were up 14 per cent in the first six months of 2020 compared to the same period last year due to a jump in demand as more people stayed at home during the [...]
Trafford Centre: Profit slashed despite revenue nearing £100m at Manchester shopping icon July 24, 2024 The company behind Manchester's Trafford Centre has seen its profit more than halve despite its revenue soaring to almost £100m, according to newly-filed documents.
Why are UK mid caps in such an M&A sweetspot right now? February 22, 2021 It would be difficult to miss the fact that UK mid cap companies are attracting a renewed level of bid interest at present. So much so that, every morning, when I log in to my virtual workplace, I am mentally preparing myself to see a new headline about the next one to be bid for. [...]
How did theme-park giant Merlin weather the pandemic? January 20, 2022 This article first appeared in ICAS’ CA magazine. Diligence, resilience and diversity are the holy trinity when faced with a global crisis. Robert Galbraith CA, Head of Finance at Merlin Entertainments Japan, tells Nick Scott how the theme-park giant weathered the storm to get hearts racing again Read December/January’s CA magazine now “And he read Principles [...]
PA Awards 2021: The Finalists December 6, 2021 The City A.M. PA Awards was founded in 2019 as a celebration for the too often unsung heroes, who so frequently go above and beyond in their field, helping their companies to achieve the impossible. After this most challenging of years we will be celebrating those men and women who have proven themselves to be an [...]