Peel Hunt records £1.5m loss as revenue down almost £50m amid ‘extraordinary’ market turmoil June 16, 2023 Investment banking firm Peel Hunt recorded a loss of £1.5m after warnings the UK is experiencing “extraordinary” market turmoil. The company reported revenue of £82.3m, down £48.7m on last year’s £131m, it made a loss before tax of £1.5m – a drop from the previous 12 months’ pre tax profits of £41.2m. CEO Steven Fine [...]
Britain’s music industry could be crushed by artificial intelligence if we don’t get it right June 16, 2023 Rishi Sunak called the creative industries one of the key growth sectors for the UK, but how we deal with artificial intelligence will be a game changer for the music industry, writes Sophie Jones.
FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Harry and Meghan’s Spotify deal ends after Duchess hosts just one series of her podcast June 16, 2023 The Duke and Duchess of Sussex’s deal with Spotify has ended following a mutual agreement between the royals and the streaming giant. The parting of the ways was confirmed by a joint statement from Archewell Audio, the couple’s content creation label, and Spotify. Meghan hosted only one series as part of the deal – the [...]
Travis Perkins’ share price tumbles with building supplier downgrading profits June 16, 2023 Travis Perkins has warned investors to expect lower profits, with the UK's biggest supplier of building materials downgrading its forecasts.
Wall Street: Stocks up as US winning streak kicks into a higher gear June 16, 2023 US stocks swept higher on Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear. The S&P 500 rallied 1.2 per cent to reach heights untouched since April 2022. The Dow Jones Industrial Average climbed 428 points, or 1.3 per cent, while the Nasdaq composite rose 1.1 [...]
Rishi Sunak facing two by-election tests after damning Boris Johnson partygate report June 16, 2023 Rishi Sunak will face a test of his leadership in two by-elections next month caused by Boris Johnson and an ally. The former prime minister quit his Uxbridge and South Ruislip seat to avoid the judgement of the Privileges Committee. The cross-party panel subsequently found he should have faced a 90-day suspension for deliberately misleading [...]
Currys considers offloading Greek retail arm Kotsovolos with strategic review June 16, 2023 Currys could offer up its Greek electronics arm Kotsovolos to potential buyers, announcing a strategic review of the businesses.
ITV ‘actively exploring’ Traitors producer All3Media acquisition June 16, 2023 Broadcaster ITV has confirmed it is “actively exploring” an acquisition of Traitors producers All3Media. It follows reports the TV channel was seeking to buy the production company from its joint owners Warner Bros Discovery Inc., which is facing a debt issue, and Liberty Global. The business would be combined with ITV’s Studios unit, according to [...]
Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn June 16, 2023 Britain’s biggest supermarket Tesco has reported a nine per cent increase in UK sales, with its new chief executive saying there are “encouraging early signs that inflation is starting to ease”. Tesco said it reported £13bn in sales across the UK and Republic of Ireland, up almost nine per cent on the previous quarter. In [...]
