Koepka ‘feeling good’ after rediscovering winning touch at LIV Golf Singapore ahead of US PGA defence
Sushi stalwart Itsu posts loss as it eyes expansion in the US September 29, 2019 Sushi chain Itsu fell to a pre-tax loss of £6m last year as stronger sales were offset by expansion in the US. The British food chain, which was founded by Pret a Manger tycoon Julian Metcalfe, pulled in revenue of £116m, up nine per cent on the previous year. Read more: Restaurant insolvencies jump by [...]
Luxury travel firm Secret Escapes snaps up failed rival Laterooms September 29, 2019 Luxury travel agency Secret Escapes has snapped up part of collapsed rival Laterooms as it booked a 66 per cent increase in sales for the year. Read more: Thomas Cook: Travel giant collapsed with a £3.1bn balance sheet deficit The London-headquartered company, which offers deals on holidays and hotels for its members, has acquired the [...]
Boris Johnson set to unveil £5bn full-fibre broadband boost September 29, 2019 Boris Johnson is said to be preparing a subsidy of up to £5bn in a much-needed boost for his plans to roll out full-fibre broadband across the UK by 2025. The Prime Minister could unveil the fresh funding at the Conservative Party Conference in Manchester this week, the Sunday Telegraph reported, citing industry and Westminster [...]
Marketing trends 2019: Interactive content and voice search are in, annoying chatbots are out September 28, 2019 Marketing is an industry undergoing seismic changes. New technology, changing consumer attitudes and shrinking budgets mean marketers are constantly having to adapt. But while many large advertisers have tightened the purse strings, marketing remains a key way for businesses to drive growth. A recent report by marketing consultancy Lewis, which looked at the world’s 300 [...]
Boost for broadcasters as young viewers flock to live shows September 26, 2019 Live events are still the most watched TV programmes among young audiences, new data has revealed, marking a much-needed boost for traditional broadcasters. Live TV favourites such as reality shows, talent shows and sports fixtures made up more than half of the top 30 most-watched programmes among 18 to 24-year-olds, according to figures from the [...]
Huawei is already making equipment without US parts, says founder September 26, 2019 Chinese tech firm Huawei is already producing 5G base stations that do not use any US components, the company’s founder said today. Read more: US proposes $1bn fund to replace Huawei network equipment Ren Zhengfei said his company is making 5,000 base stations per month and plans to ramp up production to make 1.5m of [...]
Micro Focus overhauls executive pay after shareholder backlash September 26, 2019 Troubled software firm Micro Focus has said it will overhaul its executive pay policy following a backlash from shareholders. Read more: Micro Focus taps Goldman Sachs to lead review after share price crash The Newbury-headquartered company said it had reviewed its remuneration scheme after investors raised concerns about the overall structure of its pay policy. [...]
Workspace hub Knotel thinks it’s solved Wework’s business model problems September 26, 2019 Wework’s ill-fated initial public offering (IPO) will have only a “limited” impact on the fortunes of flexible workspace rival Knotel, the firm’s boss has said. Tom Dugarin, Knotel’s UK general manager, played down concerns about Wework’s troubled listing, saying his company had a more sustainable business model. Read more: Wework rival Knotel expands London presence [...]
Time Out posts revenue rise as it dines out on food market success September 26, 2019 Time Out has posted a strong rise in revenue for the half-year, driven by the opening of three new food markets. The Aim-listed media firm reported revenue of £24.7m in the six months to the end of June, up 10 per cent on last year, while pre-tax loss narrowed marginally to £12m. Read more: Time [...]
US proposes $1bn fund to replace Huawei network equipment September 25, 2019 US politicians have outlined plans for a $1bn (£805m) fund that would allow small telecoms firms to replace network equipment made by controversial Chinese tech giant Huawei. The proposed bipartisan legislation comes after a bill approved by the US Senate Commerce Committee in July that would allow roughly $700m in grants to remove Huawei equipment. [...]