Peacock TV: Revenue plummets by £100m as European streaming services axed July 16, 2024 The European arm of US streaming giant Peacock TV saw its revenue plummet by more than £100m in the year before it was axed from Sky, according to newly-filed documents.
‘Green shoots all around’ for the UK venture capital scene but challenges remain July 16, 2024 "We are seeing green shoots all around," principal at Atomico, Sarah Guemouri, said. "Despite a slow start to the year, we expect capital invested as a whole to exceed last year’s figures."
Microsoft hires from Inflection AI now under microscope from competition watchdog July 16, 2024 The CMA has set an 11 September deadline to decide whether the case will progress to a phase two investigation.
Ofwat is now investigating all eleven of England and Wales’ water companies July 16, 2024 Ofwat is opening enforcement cases into four more water companies in a move that means it is now investigating every single water and wastewater company in England and Wales for the mismanagement of their networks and water treatment.
Champagne Lanson’s UK sales fail to fizz despite popularity in London’s West End July 16, 2024 An uptick in people toasting West End night outs with a glass of fizz failed to boost profit at the UK arm of bubbly producer Champagne Lanson, according to newly-filed documents.
Stubborn inflation could hold back UK growth warns IMF July 16, 2024 In its latest World Economic Outlook, the global fiscal watchdog forecast that the UK would grow 0.7 per cent in 2024, unchanged on its last projection in May.
Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC July 16, 2024 British Gas' owners investment business has had its corporation tax appeal over professional services fees dismissed by the Supreme Court
Russian oil: UK and European states set to launch plan to target ‘shadow fleets’ July 16, 2024 Prime Minister Keir Starmer is set to launch a "call to action" to the private sector - including insurers - over the use of shadow fleets carrying Russian oil
Royal Mail: Czech Sphinx’s six-day service pledge a litmus test for Labour July 16, 2024 The Labour party has promised to “robustly scrutinise” the first foreign takeover of the 500-year-old British institution.
Investment banking boost for Bank of America and Morgan Stanley July 16, 2024 Like other US banks, Morgan Stanley has benefited from a rebound in dealmaking activity, which fell off a cliff last year due to the impact of higher interest rates and economic uncertainty.