London PR firm Powerscourt snapped up amid flurry of comms M&A activity October 11, 2023 US advisory business Morrow Sodali has bought London communications agency Powerscourt for an undisclosed sum, the companies confirmed today.
Samsung narrows losses as ‘signs of life’ emerge from dead smartphone market October 11, 2023 Samsung has posted slimmer than expected losses as the beleaguered smartphone and chip markets show signs of recovery.
GSK settles ‘bellwether’ Zantac cases out of court October 11, 2023 Pharmaceutical giant GSK said today it has reached a "confidential settlement" over several lawsuits filed in California.
Netflix: Price hikes boost revenues October 10, 2023 Netflix subscriber growth in the UK is buffering but its sales rose 12 per cent last year after a rate hike.
Amazon: Coventry workers gear up to strike during Black Friday October 10, 2023 Over 1,000 Amazon employees based in the company's Coventry warehouse are preparing for a fresh walkout on Black Friday.
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
YouGov full year revenue surges as it mulls over listing destiny October 10, 2023 YouGov reported strong 2023 full year results, with revenue shooting up 17 per cent, as it continues to decide the fate of its listing location, currently on London's stock exchange.
Digital revenue dives for Mirror and Express publisher Reach October 10, 2023 Digital revenue was down 13.7 per cent for the owner of the Daily Mirror and OK! magazine, Reach, in its third quarter, as the group grapples with tepid advertiser demand. The publisher said the slide in digital was due to depressed open market yields and declining digital referral volumes, especially as Facebook de-prioritises news. Over [...]
Banks bullish on Arm one month on from Nasdaq float October 9, 2023 Shares in Arm jumped in early trading today after a number of major US banks issued a 'buy' rating for the stock just one month after the British chip designer floated on Nasdaq.
Amazon boosts UK workers pay – but unions vow to continue strike action October 9, 2023 A UK trade union has said walkouts over pay at Amazon’s warehouse in Coventry will continue, even after the tech giant announced today it would increase wages by at least £1 an hour. The GMB union, which has been spearheading Amazon strikes, told City A.M. today it would “absolutely not” end strikes in Coventry over [...]
