The Guardian slashes losses amid record sales following The Observer deal May 27, 2025 The Guardian has slashed its losses and achieved a record revenue in the year the media group sold The Observer. The title achieved a revenue of around £275m, according to unaudited figures for the year to 31 March 2025, up from the £257.8m it posted for its prior financial year. The Guardian’s losses, which it [...]
ITN: Profit slashed at ITV, Channel 4 and 5 news giant April 7, 2025 Profit at ITN, the organisation which powers ITV News, Channel 4 News and 5 News, was slashed almost in half in 2024. The business has reported a pre-tax profit of £779,000 for its latest financial year, down from the £1.4m it posted for 2023. The total for 2023 was also significantly down from the £8.9m [...]
GB News: Huge losses continue despite sales and audience surge February 28, 2025 GB News has reported another huge loss despite its revenue more than doubling and its audience continuing to grow. The TV channel, whose well-known presenters include Reform UK leader Nigel Farage, fell to a pre-tax loss of £33.4m in the year to 31 May, 2024. The loss comes after GB News also made a pre-tax [...]
Dan Walker and Jeremy Vine help Channel 5 to record year February 3, 2025 The star power of Dan Walker and Jeremy Vine helped viewing figures for ITN-produced daily news and current affairs on Channel 5 surge in 2024. 5 News at 5pm, which is anchored by Walker, increased its audience by four per cent to a 3.4 per cent market share. The figure means 2024 was the highest [...]
Ian King quits Business Live and will leave Sky News in Spring December 6, 2024 Presenter Ian King has quit Business Live and will leave Sky News early next year, it has been announced. King has been with the news channel for ten years and has “agreed to contribute analysis and reporting” to Sky News’ website over the coming months ahead of his departure. The move comes after City AM [...]
The Independent’s profit soars after TV and US growth October 7, 2024 British online news site The Independent has seen profits soar on the back of its success in TV and US expansion, lining it up for double-digit revenue growth in 2024. In its financial year 2023, operating profit shot up by 82 per cent to £3.5m, from £1.9m the previous year, despite flat annual revenue at [...]
Richard Branson’s Virgin Hotels to open first London hotel in Shoreditch June 13, 2024 Virgin Hotels, the luxury lifestyle hospitality brand owned by Sir Richard Branson’s Virgin Group, has announced its first London hotel will open this August in Shoreditch.
Urban Pubs and Bars aims to double estate as expansion continues June 10, 2024 Bosses at Urban Pubs and Bars have said they hope to double the size of the London pub group amid continued strong demand from punters.
Oxford Street: Vacancy rates back to pre-Covid levels as Euros and Olympics to give London a tourist boost June 5, 2024 Just two per cent of units across Oxford Street are now either vacant or let to “low quality” retail units, in the latest signal recovery is underway at London’s biggest shopping district.
Pawnbroker Ramsdens boosts dividend as cash-strapped Brits fuel profit surge June 5, 2024 The pawn industry is a sector that tends to perform well in times of economic downturn as people grow desperate to shore up extra cash.