UKTV blames profit dip on new channel launch as revenues rise September 8, 2014 UKTV, the broadcaster behind the Dave television channel, saw its profits slide seven per cent last year following the costs of launching its eleventh channel. Drama, which launched in July 2013, showcases British drama with series including Sharpe and Sense and Sensibility. Meanwhile, UKTV’s share of the TV advertising market hit a record 9.1 per [...]
Manchester United’s share price gets a kicking in run up to results September 8, 2014 Manchester United’s embarrassing start to the football season appears to be weighing heavily on the club’s stock, with shares in New York tumbling by a further 4.5 per cent yesterday. The drop reflects an increasingly bearish sentiment among investors towards the club, which publishes its latest set of results tomorrow. Shares reached a peak of [...]
Bank of England likely to extend De La Rue money printing licence September 8, 2014 A licence to print money looks set to continue at banknote printer De La Rue, as the Bank of England (BoE) yesterday announced the Basingstoke based firm was its preferred bidder for a contract to print sterling banknotes. De La Rue, which first printed banknotes in 1860 for Mauritius, began printing banknotes for the BoE [...]
Electrolux to take on US rivals with $3.3bn GE Appliances buy September 8, 2014 SWEDISH giant Electrolux confirmed yesterday it hs agreed to buy GE’s appliances business for $3.3bn (£2bn) in its biggest deal to date, boosting its US presence. Electrolux, whose brands include AEG, Zanussi and Frigidaire, is the world’s second-largest home appliances company with sales of SEK 109bn (£9.5bn) last year. Following the deal, the US will [...]
Acquisitions and a rise in diversity mark year September 8, 2014 ACCOUNTANCY FIRM of the year IT’S been a tough year for many accountancy firms – making it a very tough decision for our judges to make. However, it has also been a year of opportunity, as the achievements of our nominees prove. These companies have forged ahead, seeking new markets – especially in London’s growing [...]
Tonight Apple’s Cook will face his make or break moment with the world watching – Bottom Line September 8, 2014 The world will be watching tonight as Tim Cook walks on stage to an audience of some 2,000 journalists in San Francisco, and millions of eager fans watching his every move online, as Cook shows off Apple’s latest creation. Tonight is truly a make-or-break moment for Cook. Critics have panned his safe and steady steering [...]
Retailers cheer as sales recover September 8, 2014 RETAIL sales picked up again in August, with the high street enjoying its strongest growth since January this year. Like-for-like sales rose by 1.3 per cent in August compared with same time last year and a 0.3 per cent dip in July, according to the latest data from KPMG and the British Retail Consortium (BRC). [...]
Amazon’s Fire launches in the UK September 8, 2014 AMAZON’S Fire smartphone, the online retailer’s first foray into the crowded smartphone market, will go on sale in the UK on 30 September following its US launch in June. Amazon yesterday announced it has partnered exclusively with O2 to launch the phone which will be free on a £33 a month contract. The Fire features [...]
Hannam back in the game with new firm September 8, 2014 SEASONED City dealmaker Ian Hannam yesterday relaunched advisory boutique Strand Partners as Hannam and Partners. The firm is Hannam’s first foray back into finance since losing a market abuse fine appeal earlier this year. Hannam & Partners will be led by new chief executive Neil Passmore, a former colleague of Hannam’s during his days at [...]
Glenfiddich owner swallows Drambuie September 8, 2014 William Grant & Sons, the Scottish maker of Glenfiddich whisky and Hendrick’s gin has added Drambuie to its portfolio after snapping up the company yesterday for an undisclosed price. Drambuie, a blend of Scotch whisky, spices and honey whose history goes back to 1745, was put up for sale earlier this year by its owners, [...]