BT confirms talks to offload stake in TV arm in broadband push April 30, 2021 BT has confirmed that it is in talks with major streaming platforms to offload a stake in its television arm as it focuses on its broadband division. BT Sport launched in 2012 in a bid to take out rival Sky which has accrued somewhat of a monopoly on Premier League television rights. It confirmed this [...]
ITV in talks to take stake in BT Sport April 30, 2021 ITV is one of the parties in talks to buy BT Sport, a move that could bring major football back to free-to-air television if the sale went ahead. BT yesterday confirmed it was in talks with major streaming platforms to offload a stake in its television arm as it focuses on its broadband division. ITV [...]
Leaked report advises Johnson to scrap social distancing at large events April 30, 2021 Prime minister Boris Johnson will be advised to scrap social distancing at larger events from 21 June, as results from a pilot scheme revealed no surge in Covid-19 cases among attendees. Johnson will be told next week to shelve the restrictions after the interim report into reopening trials found that crowds can return safely and without [...]
UK house prices grow at fastest pace in more than 15 years in April April 30, 2021 UK house prices grew at the fastest pace in more than 15 years this month, according to the latest research. The average house price was up 2.1 per cent month-on-month, the biggest monthly rise since February 2014. Annual house price growth rebounded to 7.1 per cent in April compared to 5.7 per cent in March, [...]
Hikma makes strong start to year, receives approval for opioid treatment April 30, 2021 Hikma Pharmaceuticals today said it has received approval to launch its new KLOXXADO nasal spray for the emergency treatment of opioid overdose. Delivering a trading update, the company reported a strong start to 2021, helped by its injectables, generics and branded divisions meeting expectations. Hikma expects its full year generics revenue to be towards the [...]
The hippie economy: tree-huggers and capitalists are a match made in heaven April 30, 2021 If you work in the City you probably believe in free markets, capitalism and making money, right? Me too. Though I’m an ex hippie traveller, climate activist, tree hugging type, I see the power of money. Environmental work is always presented as a good thing to do. You know the pitch: the appeal to altruism, [...]
Embattled Covid-19 jab maker Astrazeneca reports $275m of vaccine sales April 30, 2021 Embattled Covid-19 vaccine maker Astrazeneca reported a jump in revenue to $7.32bn in the first quarter, including $275m of coronavirus jab sales. The pharmaceutical giant said revenue grew 15 per cent in the first three months of 2021, and profit after tax jumped from £750m to £1.56bn. It recorded $275m of Covid-19 jab sales after [...]
Finance chief quits high street pawnbroker H&T Group as business refocuses April 30, 2021 High street pawnbroker H&T Group this morning announced the departure of its chief financial officer to allow it to focus on the “future needs and priorities of the business”. Finance chief Richard Withers will leave the business at the end of next month after just three years in the role. The move is due to [...]
Lockdown winner Amazon made $13,000 PER SECOND in first quarter sales as profits hit record $8.1bn April 30, 2021 Amazon cemented its position as one of the biggest winners of the pandemic, posting record first quarter profits of $8.1bn last night off the back of making $13,000 in sales ever second. And it’s far from over yet. The e-commerce giant signalled that consumers would keep spending in a growing US economy and converts to [...]
We shouldn’t be scared of the plague of activist investors April 30, 2021 Activist investors are the scourge of the corporate boardroom. Surreptitiously building sizeable stakes in public companies, they appear, uninvited and unannounced, bearing frightening demands. Often seeking the chief executive’s head on a platter, they are feared because they sometimes get it. In 2020, however, the activists went quiet. As businesses struggled to respond to the [...]
