Britvic cheers strong results as it adds two further brands to its drinks cabinet July 27, 2023 Britvic this morning announced a positive set of third quarter results for the period ended 30 June, with UK revenue leaping 10 per cent on the previous year to reach £476m. The largest supplier of branded still soft drinks in Great Britain, which owns brands such as J20 and Robinson’s, also announced the acquisition of [...]
Volkswagen ‘stepping up the pace’ of China transformation as profits dip July 27, 2023 Volkswagen saw revenue growth of 18 per cent to €156.3bn (£134.3bn) in its half-year results, as chip shortage supply chain issues eased and the group ramped up its EV production. However, this was not enough to offset a year-on-year dip in operating profits, which came in at €11.3bn (£9.69bn) down from €13.2bn (£11.32bn). The German [...]
Talk to Me is the creepy horror film you need to see now July 27, 2023 Australia has produced some impressive horror movies in recent years, most notably the iconic Babadook, which tapped into our deepest fears through deceptively simple techniques. Hoping to repeat that success is Talk To Me, the first feature from short film makers and popular Youtubers Danny and Michael Philippou (collectively known as RackaRacka). Like so many [...]
Bitcoin offers muted response to interest rate hike July 27, 2023 Bitcoin was trading close to $29.5k - up by around one per cent on yesterday, while Ethereum’s Ether is in the green by 1.1%.
Beverly Hills, 9021: Oh! Checking into the Beverly Hills Hotel for its centenary year July 27, 2023 The Beverly Hills Hotel, aka The Pink Palace is still the place to be seen in Hollywood, says Siobhan Grogan. From celeb-spotting to relaxing, this is still a rare paradise at 100 years old Within a few short hours of arriving in Los Angeles, I’m sitting metres away from two of the most famous women [...]
Drax locked in talks with UK government over £2bn carbon capture project July 27, 2023 Drax has confirmed talks are still ongoing with the government over its multibillion pound plans to develop its BECCS facilities.
Foxtons profit jumps despite ‘challenging’ sales market July 27, 2023 Foxtons reported a jump in profit for the first half of the year, but warned that the wider sales market “continues to remain challenging”. The estate agency posted £6.1m in pre-tax profit, up from £4.3m year on year. Foxtons said that overall revenue for the period was up nine per cent to £70.9m as “strong [...]
Hammerson: Paris and Croydon disposals leave £1.2m dent but revenues rise July 27, 2023 Hammerson reported a loss of £1.2m after the disposal of its stakes in Croydon and Paris shopping centre developments, while its revenue rose eight per cent. The property developer’s loss in its half-year results this morning was made against a £50.3m profit compared to last year. This comes after the shopping centre giant sold its [...]
Mobico shares tumble despite revenue jump as inflation and wage costs bite July 27, 2023 Mobico Group, formerly known as National Express, saw its revenue rise 18.5 per cent to £1.57bn in the first half of the year, as it benefited from rising passenger demand across the majority of its international networks. However, this was not enough to offset rising wage costs associated with inflation and the removal of a [...]
ITV earnings plunge over 50 per cent amid ‘challenging’ ad market July 27, 2023 British broadcaster ITV reported a steep drop earnings today as it grapples with the downturn in the advertising market. The streaming giant said their group adjusted EBITA plummeted to 52 per cent to £152m in the six months ending June 30, down from £318m in the first half of 2022. ITV said this reflected “the challenging advertising [...]