Wetherspoons boss Tim Martin defends column copying in pub magazine January 18, 2019 Wetherspoons boss Tim Martin has defended the decision to reprint newspaper columns in his pub chain’s magazine, but admitted he was not sure about the intricacies of copyright law. The no-frills pub chain raised eyebrows today after it emerged its free magazine, Wetherspoon News, had lifted articles from national newspapers and magazines. Read more: JD Wetherspoon [...]
Telecom Italia issues profit warning amid bitter boardroom row January 18, 2019 Telecom Italia has issued a profit warning in the latest dramatic twist for the company facing a drawn-out feud between shareholders. The Italian company said its 2018 earnings before interest, tax, depreciation and amortisation is expected to fall by mid-single digits compared to the previous year. The firm said the increased competition that has weighed [...]
Murdoch eyes up mega-merger between The Times and The Sunday Times January 18, 2019 Media baron Rupert Murdoch is seeking permission to merge The Times and The Sunday Times in a bid to cut costs across the newspapers. News UK, the holding group for the two titles, has made an application to the government to overturn a law that prevents the titles from merging. Read more: ITV shares tumble [...]
Ghosn received $9m in improper payments from Dutch joint venture, Nissan says January 18, 2019 Embattled car executive Carlos Ghosn received $9m (£7m) in improper compensation from a joint venture between Nissan and Mitsubishi, the firms have claimed. The car manufacturers said Ghosn was paid by a Netherlands-based joint venture without the knowledge of Nissan chief executive Hiroto Saikawa or Mitsubishi boss Osamu Masuko. Read more: Renault-Nissan executives planned secret Ghosn payout [...]
Bonhill shares rise as it forecasts revenue boost from print and live events January 18, 2019 Media firm Bonhill saw its shares jump more than five per cent this morning after upgrading its full-year expectations. Bonhill, which specialises in business information, live events and data, today said its results for the nine months to the end of December will be ahead of market expectations. Read more: Everyman cinemas on track as punters [...]
Ryanair slashes profit guidance by €100m amid falling revenue January 18, 2019 Ryanair today issued a profit warning, saying it was reducing its full-year profit guidance by €100m (£88m) due to a drop in revenue from winter fares. The budget airline said it expects profit after tax of between €1bn and €1.1bn, down from a range of €1.1bn to €1.2bn. Read more: Ryanair profits slide as strikes, cheaper [...]
Germany plans to exclude Huawei from 5G rollout amid cyber espionage fears January 17, 2019 The German government is looking for ways to exclude Huawei from its 5G infrastructure plans amid growing fears of cyber espionage, it is reported. Germany is considering introducing stricter security standards to effectively block the Chinese telecoms giant from its 5G rollout, Reuters reported, citing local media. Read more: Huawei punishes staff after Happy New Year [...]
Travel food operator SSP sees sales rise despite yellow vest protests January 17, 2019 Travel food operator SSP posted a rise in sales for the first quarter, despite seeing its European sales pulled down by protests in France. SSP, which runs food concessions in airports and railway stations, said total revenues rose 7.7 per cent in the three months to the end of December, with like-for-like sales up 2.5 [...]
ITV shares tumble after bearish investor note casts doubt on ad revenues January 17, 2019 ITV led the FTSE 100 fallers today after Bank of America Merrill Lynch analysts slashed their target price for the broadcaster amid fears of declining advertising. Shares in ITV fell almost seven per cent after the bank changed its rating from buy to underperform and cut its target price from 210p to 110p. Read more: UK [...]
Premier Foods logistics issues take a slice out of third quarter revenues January 17, 2019 Mr Kipling maker Premier Foods saw sales fall in the third quarter after logistics problems ate into revenues. The food manufacturer, which also makes Bisto and Oxo cubes, said sales fell 2.2 per cent to £256m in the 13 weeks to 29 December. Read more: Tesco and M&S reveal stockpiling amid concerns of a 'no deal' [...]
