Reach 4 Entertainment acquisitions boost share price despite dip in full-year revenues May 2, 2019 Shares in theatre marketing firm Reach 4 Entertainment (R4E) ticked up this morning, as investors overlooked a slip in the firm’s revenues for the full year. Read more: Gary Neville nets sale of stake in production company The figures R4E posted full-year revenues of £77.7m, down from £80.2m last year. Adjusted earnings before interest, tax, [...]
Mirror publisher Reach posts revenues slip ahead of shareholder showdown May 2, 2019 Mirror publisher Reach has posted a dip in revenue amid reduced demand for its print products, as it gears up for a showdown with investors over executive pay. Like-for-like revenue fell by 6.4 per cent in the first four months of the year, driven by a 7.9 per cent drop in print revenues. Read more: [...]
Calls grow for criminal inquiry into Huawei leak after Gavin Williamson sacking May 2, 2019 Calls are mounting for a police inquiry into the leak of confidential information from a top secret security committee that led to the sacking of defence secretary Gavin Williamson yesterday. Prime Minister Theresa May fired Williamson last night following an investigation into a leak from a meeting of the National Security Council, which revealed the government’s [...]
UK is ‘nesting a dragon’ by allowing Huawei equipment in 5G network May 1, 2019 The UK will be ‘nesting a dragon’ if it allows Chinese tech firm Huawei to participate in its 5G network, a senior Tory MP has warned. Last week it emerged the government will give the green light for Huawei’s equipment to be used in non-core parts of the network, despite warnings from spy bosses over [...]
Trivago profits rise amid revamp of advertising spend May 1, 2019 Hotel booking site Trivago has posted a sharp increase in profitability in its first-quarter results amid a revamp of its marketing strategy. Read more: Two-thirds of hotel websites leak guests’ personal data The figures Trivago posted net profit of €7.8m (£6.7m) in the three months to the end of March, compared to a net loss [...]
Advertisers losing talent to deep-pocketed tech giants, says industry boss May 1, 2019 Advertising firms are missing out on the best recruits as top talent is scooped up by tech firms, a senior industry boss has said. Nigel Vaz, newly-elected president of the Institute of Practitioners in Advertising (IPA), said advertisers should act like start-ups in a bid to match the deep pockets and attractive corporate cultures of [...]
Government cancels no-deal Brexit ferry contracts at £50m cost to taxpayer May 1, 2019 The Department for Transport (DfT) has cancelled its no-deal Brexit contracts with ferry companies, racking up heavy costs for the taxpayer. Read more: Government ferry contracts to cost millions more if Brexit is delayed The government last year spent more than £100m chartering extra ferries to ease congestion in the Channel in the event that [...]
Guardian turns profit for first time in 20 years as turnaround plan pays off May 1, 2019 The Guardian has posted a small profit for the full-year, marking the first time the media group has been in the black since 1998. Read more: Mirror publisher Reach expects to benefit from Facebook's fake news fight The figures Guardian News and Media (GNM) posted a profit of £0.8m in the year to April, up [...]
Inmarsat posts fall in first-quarter profit ahead of $3.4bn private equity takeover May 1, 2019 Satellite communications firm Inmarsat has posted a double-digit fall in profits for the first quarter ahead of its $3.4bn (£2.6bn) private equity takeover. Read more: Inmarsat prepares to go private in $3.4bn takeover The figures Inmarsat posted a 0.4 per cent uptick in revenue to $346.9m in the three months to the end of March. [...]
Former car boss Ghosn ‘ran up €11m in suspicious expenses’ May 1, 2019 Embattled car boss Carlos Ghosn racked up costs of €10.9m (£9.4m) in questionable expenses including luxury clothing and lavish international travel, an audit carried out by Nissan and Renault has found. The audit highlighted millions of pounds in costs for items including Cartier watches and a trip to Brazil for the Carnival festival, according to [...]
