Advertising outlook clouds picture at ITV March 1, 2019 | City Talk There's excitement over plans for BritBox, but advertising trends at ITV still make uneasy viewing. ITV (LSE:ITV) has a strategy which is delivering the required results, even though in the very near term the company's own outlook is more guarded. The inevitable culprit is Brexit, as advertisers become less willing to commit to an expensive, [...]
Government to pay Eurotunnel £33m over no-deal Brexit ferry contract March 1, 2019 The government has agreed to pay £33m to Eurotunnel over the procurement of no deal Brexit ferry services, according to reports. Eurotunnel said the contracts to provide ferry services in the event of a no deal Brexit had been handed out in a secretive way, according to the BBC. Read more: Man found guilty of [...]
Mayor of London warns Londoners they may feel impact of no-deal Brexit ‘immediately’ March 1, 2019 Mayor of London Sadiq Khan is set to host a meeting today to discuss the ramifications of a no-deal Brexit on Londoners, warning that it could affect supply of food medicine, health services and crucial services. Read more: Sadiq Khan asks for £5bn grant to protect housing in no-deal Brexit Khan is worried that leaving [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
British manufacturing job losses hit six-year high amid Brexit turmoil March 1, 2019 Job losses in Britain’s manufacturing sector hit a six-year high in February, as Brexit uncertainty left the industry’s optimism at a record low, according to a closely followed metric. British manufacturers also continued stockpiling goods at record rates as the prospect of crashing out of the EU without a deal looms ever larger, according to [...]
London is ‘dragging’ on average house prices across UK’s top 20 cities March 1, 2019 UK city house prices rose by 2.9 per cent over the 12 months to January 2019 but London has become a “drag” on the housing market after slow growth in the capital. The latest Hometrack Cities Index, which looks at house prices across Britain’s top 20 major cities, showed prices are rising fastest at six [...]
European manufacturers face worst downturn in nearly six years March 1, 2019 The European manufacturing industry contracted in February for the first time since June 2013, driven in part by the economic turmoil that has gripped Italy and Germany. The two nations’ factory sectors slumped to the worst performance since December 2012 in Germany and May 2013 in Italy, according to the Purchasing Managers’ Index, a closely [...]
Profits plunge at advertising giant WPP as it warns of ‘challenging’ 2019 March 1, 2019 Profit before tax plummeted at advertising giant WPP last year as it repeated its warning about a challenging 2019, but shares rose as the media firm beat low market expectations Read more: Martin Sorrell regrets nothing after WPP exit amid misconduct allegations The figures Profit before tax dropped 30.6 per cent to £1.46bn compared to [...]
City Fibre appoints Goldman Sachs’ senior partner Simon Holden as COO March 1, 2019 Goldman Sachs has strengthened its hold on UK telecoms company City Fibre after announcing one of its senior partners will become the firm's new chief operating officer. Simon Holden will take up the newly created role on City Fibre's board from 1 March having worked as a partner at Goldman for 18 years. Read more: Excessive [...]
William Hill swings to £722m loss for 2018 after regulatory changes hit bottom line March 1, 2019 William Hill fell to a staggering loss of £722m last year, it confirmed today, as the bookmaker recommitted to meeting guidance for 2019. Read more: William Hill confirms likely 2018 profit drop The figures The gambling firm swung to a loss of £721.9m in 2018, down from 2017’s profit before tax of £146.5m. Revenue rose [...]