Gardaworld advisers set for £312m payday in G4S bid October 18, 2020 Advisers to Gardaworld are in line for a £312m payout from the Canadian firm’s hostile takeover bid for outsourcing giant G4S. Banks, lawyers, accountants and PR professionals are set to share a reward package ranging from £13m to £312m if Gardaworld’s £3bn bid is successful. In a takeover document published yesterday, Gardaworld said it will [...]
Businesses warn of ‘mass redundancies’ as fresh restrictions set in October 18, 2020 Businesses have warned Boris Johnson that the UK is facing a fresh wave of “mass redundancies” unless more financial support is provided for companies hit by Covid-19 restrictions. In a letter to the prime minister the British Chambers of Commerce (BCC) said the government’s tiered restrictions and the looming threat of a so-called circuit breaker [...]
Instagram vows to tackle hidden celebrity ads after watchdog probe October 16, 2020 Instagram has pledged to do more to prevent hidden advertising on its website and app amid concerns that influencers are failing to make it clear when they have been paid to promote products. The Competition and Markets Authority (CMA) launched an investigation into Instagram over its failure to tackle the problem of hidden advertising. Facebook, [...]
Screenshot – City A.M.’s new weekly TMT column October 16, 2020 This new weekly column brings you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: Piers Morgan makes a confession ** The OECD, Amazon and a terrible week for tech tax ** All streamed up: What’s next for Netflix? Media Moment of the Week “I [...]
Murdoch’s TV plans mature as News UK searches for more big names October 16, 2020 Rupert Murdoch’s plans to regain a footing in the British TV market have stepped up a gear as his media empire circles some of the biggest names in broadcasting to front its new channel. Alan Sugar and Piers Morgan are among the stars that have been approached by News UK over the new venture, the [...]
West End extends festive period in bid to win back shoppers October 16, 2020 The West End is set to extend the festive shopping season as ailing retailers look to lure Londoners back into shops. The Christmas lights switch-on will take place on Oxford Street and Bond Street on Monday 2 November and Thursday 12 November respectively, marking the earliest ever start to the festive season for the district. [...]
AO World shares jump as pandemic drives online sales surge October 15, 2020 Shares in AO World jumped this morning after the electronics retailer said sales had jumped by more than a half over the last six months. The white goods group said it expected revenue to hit £715m in the half-year to the end of September, up 57 per cent on the same period last year. Sales [...]
Ryanair makes further winter capacity cuts as it shuts three bases October 15, 2020 Ryanair (RYA) has cut its winter capacity from 60 per cent to 40 per cent of last year’s levels as it contends with further flight restrictions across Europe. The budget airline said air travel to and from much of central Europe, the UK, Ireland, Austria, Belgium and Portugal had been “heavily curtailed” due to the [...]
Heineken fined for forcing pubs to stock ‘unreasonable’ amounts of beer October 15, 2020 Heineken’s pubs division has been slapped with a £2m fine for forcing its tenants to stock “unreasonable levels” of its own beers and ciders. The Pubs Code Adjudicator (PCA) ruled that Star Pubs & Bars, which operates the pub estate business of Heineken in the UK, had “seriously and repeatedly” breached the pubs code over [...]
Gambling firms unveil new online games rules as reforms loom October 14, 2020 British gambling firms today unveiled a new code of conduct for the design of online games as they look to tackle problem gambling in the face of looming industry reforms. New measures include slowing down spin speeds on slot machines, banning several controversial game features and improving access to safer gambling information. The Betting and [...]
