Shares in car manual publisher Haynes soar as it eyes sharp profit growth June 4, 2019 Shares in Haynes Publishing Group jumped as much as 11 per cent this morning after it forecast a sharp rise in full-year profit. Read more: Haynes shares soar as growing digital business boosts half-year results Haynes, the publisher behind the famous car repair manuals, said it expected pre-tax profit to rise roughly 24 per cent [...]
Crackdown on junk food adverts ‘will damage’ broadcasters and advertisers June 3, 2019 The government’s plan to crack down on junk food TV advertising is an “irrelevant symbolic gesture” that will damage business for broadcasters and advertisers, a damning new report has warned. Media research firm Enders Analysis said plans to ban TV adverts for unhealthy food will not tackle the issue of childhood obesity and will cause [...]
John Myers: a radio giant June 3, 2019 When I heard that John Myers had died unexpectedly, I felt more than the usual range of regretful emotions. It’s a sad fact of life that friends pass away; and sometimes they do so suddenly. We are shocked and sad and full of memories, but there was something different about this one. I was shaken, [...]
Global video-on-demand subscriptions set to near 1bn by 2024 June 3, 2019 Global subscriptions of on-demand video platforms are set to surge towards 1bn over the next five years, new figures have revealed. The total number of subscriptions will soar 86 per cent from 439m last year to 947m in 2024, according to London-based firm Digital TV Research. Read more: Live TV still holds top spot despite [...]
Netflix raises prices by 20 per cent as it blames $15bn production budget May 30, 2019 Netflix is raising the prices of some of its subscriptions by as much as 20 per cent as it prepares to ramp up investment in new TV shows and films. The streaming service is increasing the cost of its standard plan, which allows users to watch on two screens, by £1 to £8.99, while the [...]
Shares in Daily Mail owner jump on profit boost as streamlining strategy pays off May 30, 2019 Shares in Daily Mail and General Trust (DMGT) jumped as much as 10 per cent this morning after it posted strong growth in profit for the half-year. The Daily Mail owner reported a 19 per cent increase in adjusted profit before tax to £100m in the six months to the end of March, while revenue ticked [...]
Investors given second chance to buy a piece of Star Wars May 30, 2019 | City Talk By Rodney Hobson from interactive investor. This iconic brand has rewarded shareholders handsomely, and could do again, argues our overseas expert. Investors could be forgiven for thinking they had missed their chance to buy into The Walt Disney (NYSE:DIS) when the shares shot up 10% one April day, and then went on to set new [...]
Netflix and Amazon cash in on British streaming market with double the revenue of UK services May 29, 2019 Netflix and Amazon’s revenues from UK streaming customers last year was £1.1bn, twice the amount the Britain’s biggest broadcasters made from their own streaming platforms. Netflix made around £693m in revenues from its UK subscriber base of 10m people last year, while Amazon generated £400m from 7.7m subscribers to its Prime Video platform. The figures, [...]
General Atlantic to sell half its stake in £2bn oil data group Argus Media May 29, 2019 Growth equity fund General Atlantic (GA) is set to sell half its stake in oil data group Argus Media in a deal that will value the firm at roughly £2bn. City A.M. understands GA, which bought a 50 per cent stake in Argus three years ago for around £1bn, is in advanced talks with long-term [...]
BBC calls on top presenters for Tory leadership race debates May 28, 2019 The BBC has confirmed it will host a series of TV debates and interviews as Tory leadership hopefuls battle it out to become the next Prime Minister. BBC News will put on a series of special programmes, including a debate between all the candidates in the leadership race in mid-June, moderated by Newsnight presenter Emily Maitlis. [...]