The Week owner Future says full-year results to top expectations despite challenging backdrop September 13, 2022 The Week owner Future has said full-year results are expected to top expectations despite increasing pressure being put on the media firm from inflation and supply chain woes. The firm said it had seen return to organic audience growth in the second half of the year, “as Covid comparators were fully lapped, combined with continued [...]
M&C Saatchi directors continue to bat away Murria’s ‘derisory’ takeover September 13, 2022 M&C Saatchi directors have continued to unanimously bat away Vin Murria’s AdvancedAdvt takeover of the firm, calling shareholders to reject the deal by taking no action. M&C directors said they continue to believe the AdvancedAdvt (ADV) offer is “derisory”, adding that it “fails to reflect the growth and opportunities in front of M&C Saatchi and [...]
WPP names Karen Blackett as new UK chief September 12, 2022 The world’s biggest advertising group WPP named Karen Blackett OBE as the new President of its UK business. Blackett currently serves as UK CEO of GroupM, WPP’s media investment business, alongside her role as UK Country Manager for WPP. She will step down from GroupM to focus full-time on WPP, and her successor as UK CEO of GroupM will [...]
Activist investor Daniel Loeb retracts calls for Disney’s ESPN sale September 12, 2022 Activist investor Daniel Loeb has backed off from pushing Walt Disney to spin off ESPN, stating that he now has a “better understanding” of the potential for growth. In a tweet last night, Loeb wrote: “We have a better understanding of @espn‘s potential as a standalone business and another vertical for $DIS to reach a [...]
Heathrow’s passengers soar 170 per cent in August as six million people jet off September 12, 2022 Heathrow has said total terminal passengers was up 170.6 per cent to over six million in August.
Ladbrokes owner Entain faces another probe into anti-money laundering September 12, 2022 AFTER being fined a record £17m last month, Ladbrokes owner Entain is now facing an investigation from down under over potential anti-money laundering breaches. The investigation was announced this morning by the AUSTRAC – the Australian Transaction Reports and Analysis Centre – as part of an “extensive supervisory campaign covering the whole corporate bookmaking sector”. [...]
Mourners warned they may face five mile queues to see Queen lying in state September 12, 2022 A five mile queue is expected to pay respects to Queen Elizabeth as hundreds of thousands flock to Westminster this week. More than 750,000 people are expected to visit parliament from Wednesday, where Her Majesty will lie in state. The public will be able to visit the coffin in Westminster Hall, which will be accessible [...]
Serco chief Rupert Soames to retire: ‘It is now time for me to outsource myself’ September 12, 2022 Chief of British outsourcing giant Serco Group Rupert Soames said he would “outsource myself” as he announces his retirement. Soames, 63, will step down from the role and board by the end of this year and will be succeeded by Mark Irwin, the chief of the firm’s UK & Europe division. “It has been the [...]
Third Point slumps as growth firms drag investment titan down September 12, 2022 London-listed investment vehicle Third Point Investors suffered a 22.6 per cent plunge in the value of its assets in the first half of the year as it weathered “one of the most challenging” periods it has faced. In a trading update today, the firm run by notorious activist investor Daniel Loeb said turbulence had caused [...]
Tussle over Iceland: Supermarket’s trademark row with country continues September 11, 2022 Retailer Iceland is back in court with the country Iceland as the trademark row over its name continues.
