Booming video games industry makes up half the UK entertainment market January 3, 2019 The video games sector now accounts for more than half the UK’s entertainment market and is bigger than video and music combined, new figures have revealed. The booming games industry is worth £3.86bn, more than double its value in 2007, and now makes up over 51 per cent of the entire UK entertainment market, according [...]
Telegraph hires Waitrose Food editor William Sitwell who resigned after vegan row January 3, 2019 The Telegraph has hired the former Waitrose Food magazine editor who stepped down after suggesting vegans should be force-fed meat, the company said today. William Sitwell, who resigned from the supermarket magazine after making comments about “killing vegans” in an email to a journalist, will join the Telegraph as a restaurant critic, writer and commentator. [...]
Shortlist Media losses double as it closes men’s print magazine in shift to digital January 3, 2019 Shortlist Media, the publishing group behind Shortlist and Stylist magazines, saw its pre-tax losses double last year as it looks to shift its advertising revenue away from print. The company reported pre-tax losses of £8.6m in the year to the end of March 2018, with turnover rising marginally to £22.9m from £22.6m the year before. [...]
Record digital sales of The Greatest Showman boost UK home entertainment market January 3, 2019 Hit movie The Greatest Showman helped the UK home entertainment market grow by 10 per cent in 2018, new figures have revealed. The popular musical, which stars Hugh Jackman as the head of a circus troupe, was the best-selling film of the year, with more than 2.7m copies sold. A majority of the film's sales [...]
Army withdraws anti-drone equipment from Gatwick following Christmas travel chaos January 3, 2019 Military equipment installed at Gatwick to stop drones disrupting flights has now been removed, the Ministry of Defence (MoD) said today. The army was deployed to the airport shortly before Christmas to help bring an end to the saga that affected roughly 1,000 flights. Israeli-developed systems designed to jam drone signals were reportedly among the military-grade [...]
Next defies Christmas fears with online sales boost but outlook remains cautious amid Brexit uncertainty January 3, 2019 Next has opened the crucial post-Christmas trading update season by reducing its full-year profit expectations, but defied investor worries by increasing sales. The retailer said full-price sales for the festive period were up 1.5 per cent between 28 October and 29 December, in line with its expectations. Next reported a 14.9 per cent increase in online [...]
DNO extends Faroe hostile takeover offer amid valuation spat January 3, 2019 Norwegian oil firm DNO has extended its cash offer for Faroe Petroleum amid a bitter dispute over the company’s valuation. DNO will extend its offer of 152p per share after Faroe yesterday resisted the hostile bid, which it said “substantially undervalues” the business. The company today increased its holding in Faroe to 30 per cent, [...]
Greenwoods becomes latest retailer to close amid high street gloom January 2, 2019 Northern menswear shop Greenwoods has become the latest retailer to close its doors amid tough trading conditions on the high street. The Yorkshire-based chain, which was founded in 1860, has fallen into liquidation with the loss of more than 100 jobs, just 18 months after it was bought out of administration. A notice posted on [...]
Global stock markets and sterling slide as economic slowdown fears continue into new year January 2, 2019 Global markets have started the year in the red as investors struggle to shake off the economic slowdown fears that plagued stocks last year, while the pound has taken a more than one per cent hit against the dollar on the first day of 2019 trading. The FTSE 100 was down more than one per [...]
John Lewis ends year on a high as sales are boosted by last-minute Christmas shopping January 2, 2019 John Lewis reported a rise in sales during the last week of the year as shoppers rushed to buy last-minute Christmas gifts and cash in on sales. Total sales for the the department store chain were up 4.5 per cent for the week ending 29 December, compared with the same period last year. The company [...]
