Ford’s British operations hang in the balance as no-deal Brexit looms large April 2, 2019 Ford has delivered the latest warning for the UK car industry after Brexit, saying it has yet to decide on its longer-term plans in Britain. The second-biggest US car maker said this morning it was already spending tens of millions of euros preparing for a possible no-deal scenario, in which case it would have to [...]
Billionaire Michael Bloomberg considers possible presidential run as Joe Biden hit by misconduct claims April 2, 2019 Michael Bloomberg is reportedly poised to launch a 2020 presidential campaign, despite previously ruling out a run for the White House. Read more: Mueller just gave Democrats the key to taking down Trump The billionaire said he was not in the running for the 2020 Democratic nominations a month ago, but could be poised to throw his [...]
Hostelworld profits and revenue dip during heatwave and World Cup April 2, 2019 Hostelworld’s profits and revenue dipped last year as the budget accommodation platform struggled to boost bookings due to the summer heatwave and the timing of the World Cup. Bookings through Hostelworld’s supporting brands saw 47 per cent drop, due to the company’s planned “managed decline” of the brands which offset a four per cent rise [...]
Nouriel Roubini interview (Part I): Expect a ‘synchronised slowdown’ in 2019 April 2, 2019 | City Talk When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him to get his take on topics including the prospects for global growth and technologies. CFA Institute: When you spoke to us in 2015, roughly six years after the [...]
Cinema websites crash amid rush for Avengers: Endgame tickets April 2, 2019 Cinema websites have ground to a halt after a rush of customers hoping to buy tickets for the new Avengers film brought servers to their knees. Odeon, Cineworld and Imax all suffered website outages due to the surge in demand, while Vue established a virtual queueing system that cited wait times of more than an [...]
Pop stars Lady Gaga and Ariana Grande placed on Singapore’s ‘offensive lyrics’ list April 2, 2019 Lady Gaga and Ariana Grande were included on a list of "offensive" lyrics circulated among Singapore's members of parliament this week. Read more: Music industry revenue grows 10 per cent The list is part of the home minister's aim to crack down on hate speech efforts to "maintain racial and religious harmony" in the conservative city-state. [...]
Global music industry revenue grows 10 per cent as streaming booms April 2, 2019 Global music industry revenues grew almost 10 per cent last year as the rise in streaming services offset a decline in physical formats. Revenues grew 9.7 per cent in 2018 to hit $19.1bn (£14.7bn), according to the latest figures from the International Federation of the Phonographic Industry (IFPI). Read more: Music streaming revenues overtake ownership [...]
Yougov credits US demand as revenue and earnings rise as CEO reveals five-year plan April 2, 2019 London polling firm Yougov saw revenue and profit soar in the six months to the end of January thanks to a growing international market and an increased focus on its custom research services. The figures Revenue rose 18 per cent year on year to £66.5m over the half-year. Adjusted profit before tax grew 28 per cent year on year to [...]
UK M&A slumps in first quarter as Brexit uncertainty lingers April 2, 2019 The value of UK M&A has slumped this quarter as Brexit uncertainty lingers, however, tech deals have grown to the highest year-to-date level in at least 18 years. A total of 27.4bn has been spent on UK assets so far this year, representing a 1.9 per cent decrease compared to the fourth quarter of 2018. [...]
Julian Dunkerton wins narrow shareholder vote to return to board of Superdry April 2, 2019 Superdry’s co-founder has won an audacious bid to reinstall himself onto the troubled retailer’s board this morning, throwing the future of the group’s directors into doubt. Investors have voted by a narrow majority of 50.75 per cent to allow Julian Dunkerton to return to the company following a long and bitter public battle with the firm’s [...]