On the Beach promotes marketing chief to executive director October 17, 2022 On the Beach has promoted chief marketing officer Zoe Harris to executive director with immediate effect. Harris joined the beach holiday retailer in early 2021, after holding top positions at the likes of GoCo Group, which provides online comparison and information services, and newspaper powerhouse Reach. She was credited for introducing the provision of free [...]
Made.com receives non-binding proposals in rescue sale talks October 17, 2022 Made has said it has recieved “a number of” non-binding indicative proposals, as the online homeware retailer searches for a buyer amid tumbling sales. After reviewing the proposals, the board has invited” a select number of parties” to progress towards firm offers by the end of October, following a due diligence process, Made said on [...]
Audioboom rakes in £50m in third quarter as advertising revenue perks up October 17, 2022 Podcast giant Audioboom has announced it took in £50m up until September, a 44 per cent increase on last year. The firm said quarterly revenue was however down from £15m to £14.3m as a tough economic climate continued to impact its intake. A boost in advertising revenue of £68m in 2022 so far has helped [...]
Wealth manager Hargreaves Lansdown launches hunt for new CEO October 17, 2022 Hargreaves Lansdown has announced it is now scouting for a new chief, as CEO Chris Hill retires from the wealth manager after six years at the helm. He leaves the group as it hikes its full-year revenue and cash margins for next year, after banking 17,000 new clients and some £700m in new business in [...]
Global Ports expects 2023 passenger volumes above pre-pandemic levels October 17, 2022 Global Ports is expecting 11 million passengers to embark on its cruises next year, well above pre-pandemic levels. The cruise port operator announced today it was expecting 4,538 cruise call reservations from January to December 2023, 26 per cent up on pre-pandemic levels. The company – which has a presence in the Mediterranean as well [...]
Hunt to make statement on fiscal plan TODAY in bid to calm markets October 17, 2022 Jeremy Hunt will make an announcement today in Parliament about the government’s so-called Medium-Term Fiscal Plan. The chancellor’s statement is a bid to calm the markets, bringing forward the details of the now much-derided mini-budget, outlined by his predecessor. Hunt will issue his plans later today and also speak in the House of Commons this afternoon. [...]
‘Heartbreaking’: Eve Sleep calls in administrators after unsuccessful sales talks October 17, 2022 Mattress seller Eve Sleep has been forced to call in administrators after bosses said the scale of the company had struggled to withstand an “economic tsunami” this year. The AIM-listed sleep wellness brand had been searching for a buyer or equity fundraising but said talks had not been successful. Shoppers had shunned big ticket items [...]
Hunt tries to steady the ship as Tory MPs plot Truss’ downfall October 17, 2022 Jeremy Hunt yesterday urged Tory MPs to get behind Liz Truss to save her premiership as he warned of impending spending cuts and tax rises. The new chancellor said Truss had “listened” and “changed” since last month’s catastrophic mini-budget, while warning of the “difficult decisions” he would make to restore market confidence in the government. [...]
Dealmaker’s Spotlight: Evercore October 17, 2022 Datasite recently spoke with Alexander Asher, Vice President, Consumer-Retail Team at Evercore, to hear his thoughts and insights on market conditions, trends, and technology. Evercore is a premier global independent investment advisory firm. Founded in 1995, the firm has advised on over US$4.7 trn M&A and restructuring transactions. Headquartered in New York, it has 17 advisory [...]
Uncertainty is a tax in itself which is damaging Britain on the world stage October 17, 2022 Every now and then the normally dry subject of taxation makes it onto the front pages. It’s a short-lived chance for professionals like me to air our long-held views on the oddities, distortions and iniquities of the system: its head-scratching complexity and the patches of unfairness – between social classes, regions and age groups – [...]
