Spotify hits record half a billion monthly users and forecasts future revenue to soar April 25, 2023 The number of monthly active users on Spotify passed the half a billion milestone for the first time, the music streaming platform reported today. The number of monthly active users rose 27 per cent to 515 million in the first quarter of this year, 15 million more than the company’s estimates. Premium subscribers also grew [...]
Laying down the law in the metaverse April 25, 2023 Nick Breen and Joshua Schuermann of law firm Reed Smith pick through the legal details of what the future of the metaverse holds.
How McDonald’s have wangled super-sized first quarter results April 25, 2023 McDonald’s is hoping improvements to its menu will continue to drive restaurant traffic this year. The company announced this month that US eateries will switch to softer buns and meltier cheese and change their grill settings to make their burgers juicier. The changes have already been rolled out in 15 other markets, including Australia and [...]
Planet Organic rescued by founders but three London stores will close April 25, 2023 The founders of Planet Organic have bought the business back from administrators in a bid to keep the health-focused grocery store alive, but four stores will be forced to close as part of the process. Advisors Interpath sold the struggling chain to Bioren Limited, a business that was set up last month by the founders [...]
Fleet Street: £5bn development plan will transform former Daily Express HQ to serve a surprising new purpose April 25, 2023 The former Daily Express headquarters is among a flurry of buildings that will be transformed as part of a £5bn makeover of Fleet Street. A pipeline of 34 new developments have been announced for the East London region, which was once the former home of the newspaper industry. As part of the scheme, Salisbury Square, [...]
Are jobs on the line at Joules after Next takeover? April 25, 2023 Joules has launched consultations over potential job losses after the firm said its new owner Next said it is accelerating transition plans. Next snapped up the troubled fashion brand late last year after Joules fell into administration. The deal saw Next secure the future of 1,450 workers at Joules and 100 stores, although 19 stores [...]
Quilter ‘cautiously optimistic’ as investor flows tick upwards April 25, 2023 Wealth manager Quilter said it was “cautiously optimistic” today as flows onto its platform rose again in the first three months of the year.
Why is John Lewis overhauling its loyalty card scheme? April 25, 2023 John Lewis and Waitrose are both preparing to launch new loyalty card schemes as the partnership looks to turn around the business. The John Lewis Partnership, which owns the department store and upmarket grocery store, has drafted in Dunnhumby, the company which helped establish Tesco’s clubcard scheme in the 1990s and, also, promotions business Eagle [...]
Explainer: Netflix on the hunt for next success story with £2bn investment in South Korea April 25, 2023 Netflix is at it again. After a terrible year in 2022, the streaming giant has regained confidence and is eyeing new investments in successful markets. Its last move involved £2bn to go to South Korea. After the success of the South Korean series Squid Game, which topped global charts as the most-watched Netflix series ever [...]
Jupiter sheds £900m as nervous investors shun UK stocks April 25, 2023 Skittish investors pulled £900m from fund manager Jupiter in the first quarter of the year as volatility on the markets continues to weigh on investors’ appetite for UK and European stocks.
