UK advertising sector on track for strongest global recovery April 29, 2021 The UK advertising sector is on track to achieve the strongest recovery of any major global market this year as the vaccine rollout fuels improved confidence among brands. Ad spend is forecast to grow 15.2 per cent this year to £27bn, clawing back the £1.8bn decline suffered during the pandemic in 2020. Further improvement is [...]
Funds are failing to deliver top-quartile returns April 29, 2021 The funds industry is failing to deliver top-quartile returns with the average falling to a historic low in the first quarter, according to new research. Just 1.8 per cent of funds consistently achieved top quarterline performance over the past three years, according to BMO’s latest FundWatch survey. BMO analysed 1,085 funds with a three-year track [...]
Car production rise for first time since 2019 after Covid collapse April 29, 2021 UK car production rose dramatically in March, a year after the coronavirus pandemic forced factories across the country to shut. Output rose 46.6 per cent against 12 months ago, with a total of 115,498 cars built, up from 78,767 in March 2020, new data from auto trade body the SMMT showed. However, the figure is [...]
Uber sees “green shoots” of recovery as recruitment spree gets into gear April 29, 2021 Uber are planning to hire an additional 20,000 drivers across the UK this year as the firm sees the first signs of an economic recovery. The firm’s Northern and Eastern Europe boss Jamie Heywood, who is based in London, told City A.M. that “green shoots” are “coming through exceptionally strongly” as lockdown restrictions loosen. Read [...]
Man’s best friend: Brits put a premium on pets even as household spend slips April 29, 2021 Not even lockdown could put an end to the old adage ‘Dogs are a man’s best friend’. In the last three months spending on pets surged as Brits prioritised emotional connections. Nationwide’s latest quarterly spending report reveals the biggest increases in spending between January and March have been on dating sites, gardening and pet-related costs. [...]
London remains one of the world’s leading green finance centres April 29, 2021 London has held on to one of the top spots for green finance quality in Z/Yen’s latest index, but Western Europe’s overall dominance is starting to slip. In its Global Green Finance Index (GGFI), the City of London think tank ranked 78 financial centres across the world for their public, private and nonprofit investment in [...]
Facebook posts massive $26 billion revenue – but not a Bitcoin in sight April 28, 2021 No sign of rumoured Bitcoin holdings as Facebook posts record $26 billion revenue figures.
Demand for new iPhone sees Apple post record quarterly revenue April 28, 2021 Apple has posted record quarterly revenue on surging demand for new iPhone and pandemic-induced buying for its other profits. Revenues more than doubled from $23.6bn to $89.6bn this quarter. Apple earned $1.40 per share, beating expectations of 99 cents. It follows a record performance in the first quarter when the company broke the $100bn quarterly [...]
Facebook beats expectations as ad spend surges April 28, 2021 Facebook beat Wall Street expectations for quarterly revenue on increased digital ad spend as the world emerges from lockdown restrictions. Total revenue, which primarily consists of ad sales, jumped to $26.17bn in the three months to 31 March, beating estimates of $23.67bn. Earnings came in at $3.30 per share versus the expected $2.37 forecast. Facebook [...]
Major Arsenal sponsor sees former execs arrested on suspected $29m fraud – reports April 28, 2021 Top former executives at a firm that sponsors Premier League side Arsenal have been arrested on what police suspect to be a $29m fraud. News outlets in Turkey are reporting six former executives at GKFX have been arrested by Turkish police. Police are suspecting the executives were involved in embezzling $29m in client funds at [...]
