YouGov CEO to move to chair role this summer October 11, 2022 Polling firm YouGov has said it will hunt for a new CEO as its current top boss and founder will soon move to the role as chair. The board has unanimously agreed that Stephan Shakespeare should take over the chair position when Roger Parr departs the role. A new CEO will join in August 2023, [...]
Shoppers face £643 increase to yearly grocery bill October 11, 2022 Shoppers are facing an additional £643 jump in their annual grocery bill as grocery price inflation breaks another record. According to freshly published data from Kantar, grocery inflation sits at 13.9 per cent, the highest level since the data firm started tracking prices in the 2008 financial crisis. The average household’s annual grocery bill is [...]
Tsunami of takeovers in sports swells deal values by record 433 per cent with private equity leading the pack October 11, 2022 The value of M&A and major stake-building in the sports industry has increased 433 per cent in the last year, rising from £1.8bn last year to £9.6bn this year, according to fresh data shared with City A.M. this morning. As more private equity, sovereign wealth funds and other institutional investors pursue deals in the sports [...]
Plus500 set to sail past targets as profit hits £369m October 11, 2022 Trading firm Plus500 said it expected to sail past profit guidance for the year today on the back of surge in trading activity as investors looked to profit from market volatility.
Heathrow back at number 1 as airport regains status as Europe’s busiest hub October 11, 2022 Heathrow has said it regained its status as Europe’s busiest hub airport over the summer. Some 5.8m passengers travelled through Heathrow in September. A year ago, Heathrow warned it had gone from being Europe’s busiest airport in 2019 to number 10 on the list, behind rivals in cities such as Amsterdam, Paris and Frankfurt. It [...]
Greencore profit held back by rail strikes and bank holiday October 11, 2022 Food manufacturing giant Greencore has seen profits dented by rail strikes and the bank holiday for the Queen’s funeral in September. In a fourth quarter and full year trading update, the convenience food maker placed its adjusted operating profit at the lower range of £72-77m. The London-listed firm said it had been forced to absorb [...]
Marston’s: Customer demand ‘encouraging’ despite living pressures October 11, 2022 Pub operator Marston’s has said it is still seeing Brits head to their locals in recent weeks despite pressure on budgets. Like-for-like sales were buoyant over the 10 weeks from 24 July to 1 October ,increasing three per cent on the 2019 financial year. Total like-for-like sales had sunk one per cent compared to the [...]
Reach revenues contract as national mourning causes ad slowdown October 11, 2022 Mirror and Daily Express publisher Reach saw revenues dip in the third quarter after a drop off in advertising revenue in September as the country mourned the passing of the Queen.
Former Liverpool FC CEO says live sports needs to up its game to keep Gen Z’s attention October 11, 2022 Peter Moore knows a thing or two about making sport work as a business. After all, his time as the boss at videogame developer EA Sports coincided with the boom in online sports competition that still continues today. And his time running Liverpool FC saw the club win the Champions League and the Premier League, [...]
Green hydrogen project targeting transport to be built inside Royal Navy depot October 11, 2022 Statkraft is developing hydrogen fuel which will be developed in the site of a former Royal Navy Armaments Depot in Pembrokeshire.