One Media reports revenue jump as copyright detection tool takes off June 28, 2023 One Media today reported a 15 per cent jump in revenue as its new copyright detection technology proves increasingly popular. The AIM-listed digital media rights group saw its revenue increase to £2.7m in the first half of last year, up from £2.4m for the same period last year. Some £2.5m of this revenue were driven [...]
UK aviation could be put at a ‘competitive disadvantage’ by looming transit fee June 28, 2023 A new transit fee for passengers travelling through UK airports could put the country’s aviation sector at a “competitive disadvantage” as passengers opt to travel via other countries, airline groups have warned. Under the incoming changes, visa-exempt travellers passing through Britain will be required to pay £10 fee and apply for an online permit, known [...]
Brands in London “suffering”: Fresh calls to scrap ‘tourist tax’ amid Mulberry losses June 28, 2023 Fresh calls have been made to reinstate VAT-free shopping for international tourists, after the chief of Mulberry warned its profits have been hit hard by it as they ditch London for Paris and Milan. Pre-tax profit at the British handbag maker fell to £13.2m in the year to April, down from £21.3m the prior year. [...]
Bitcoin holds firm while smart contract cryptocurrencies fall deeper into the red June 28, 2023 Bitcoin continues to hold above $30,000 this morning after investors once again tested the $31k level.
Mulberry profit takes a hit as luxury brand invests in global expansion June 28, 2023 Mulberry’s pretax profit slumped in the year, despite an uptick in revenue, as increasing costs weighed on performance. In the year to April, the luxury handbag maker reported an underlying profit of £2.5m, down from £14.6m last year. On a reported basis its pretax profit was £13.2m, which took into account impairment reversals on some [...]
Why It Doesn’t Pay To Be A Woman In Finance June 28, 2023 | Sponsored From cupcakes on International Women’s Day to marketing campaigns that shine a light on female employees making their mark, many organisations are paying lip service when it comes to addressing the gender pay gap in the UK, yet doing very little to offer real equality in the workplace. It’s even more pronounced for women working [...]
Mortgage mayhem: Homeowners forced to sell up at discount prices as rates soar June 28, 2023 Red hot mortgage rates are leading to sellers accepting lower prices for their properties, fresh data shows, creating further pain for the housing sector. As the market continues to grapple with the Bank of England’s recent 0.5 per cent interest rate hike, figures by estate agent Zoopla show that 42 per cent of sellers are [...]
David Lloyd could be put up for sale as owners eye £2bn price tag June 27, 2023 TDR Capital is reportedly mulling a sale of its health and fitness business David Lloyd Leisure. The private equity firm is understood to have drafted in Morgan Stanley to advise on potential suitors for the business, Sky News reported. A sale will only be considered by if it draws a “sufficiently attractive valuation” for TDR, [...]
Own-brand buys and No7 skincare boosts sales for Boots June 27, 2023 Boots has revealed a surge in online shoppers and people opting for own-brand labels has driven up sales over the latest quarter. The pharmacy and retail chain said its own ranges have been flying off the shelves as consumers hunt down value. It came as its US owner, Walgreens Boots Alliance (WBA), revealed its net [...]
Supermarkets behaving badly: Asda and Morrisons bosses back ‘transparent’ fuel pricing model June 27, 2023 Supermarkets bosses have been grilled by MPs on prices at the pump and agreed to consider entering into a fuel model which would give more transparency. The government has been mulling a scheme whereby petrol stations would have to share live prices in efforts to bring more price transparency for drivers – a similar system [...]