Tremor shares tank despite reporting ‘record profitability’ August 16, 2022 Digital ad firm Tremor International generated record adjusted EBITDA of $72.7m in the six month ending June 30, despite the advertising landscape continuing to face economic instability and ongoing conflict.
BBC could face journalist walkout as channel merger plans face backlash August 16, 2022 BBC journalists are weighing up strike action as the broadcaster plans to merge channels, including BBC News and BBC World News.
Philips announces surprise departure of CEO Frans Van Houten August 16, 2022 Philips has announced the unexpected departure of its CEO Frans Van Houten in October after 12 years at the firm.
Takeover tattle: Vin Murria’s AdvancedAdvT snubs M&C Saatchi’s calls for US regulatory approval August 16, 2022 Vin Murria's AdvancedAdvT pushes back against M&C Saatchi's suggestions to get US regulatory clearance as the hostile takeover talks heat up.
Reebok and Forever 21 owner Authentic Brands snaps up Ted Baker in £211m deal August 16, 2022 After months of speculation, the Juicy Couture and Forever 21 owner Authentic Brands has said it will buy Ted Baker for an estimated £211m.
Campaign to save iconic M&S Oxford Street building gets backing from authors and architects August 15, 2022 Efforts to save the iconic Marks & Spencer building on Oxford Street were reignited this week, with a number of high profile authors and architects getting behind a crowdfunding scheme to stop the demolition. Author of Notes from a Small Island Bill Bryson and award-winning architect Steve Hopkins slammed plans for the site’s demolition, backing [...]
Cartier owner Richemont calls for shareholders to block LVMH rival from joining board August 15, 2022 Cartier owner Richemont called for shareholders to snub the appointment of former LVMH executive Francesco Trapani to the board this morning, calling out his close connections to firm’s biggest rival. Calling him an “inappropriate” candidate, Richemont chairman Johann Rupert said in a letter to shareholders: “He is not independent, as he has a long history [...]
M&C Saga: The hostile takeover bid continues for advertising giant continues to heat up August 15, 2022 Media firm Next Fifteen has received the latest round of necessary regulatory approvals as its the marketing firm edges one step closer to its M&C Saatchi takeover.
PwC scraps 2:1 entry requirement for graduates as City war for talent heats up August 15, 2022 BIG four accountant PwC will start recruiting graduates who missed out on a 2:1 degree at university, the firm announced today, in a bid to “diversify” its intake amid an ongoing City talent war. Graduates who received a 2:2 – colloquially known as a “Desmond” in reference to the late South African priest Desmond Tutu [...]
HelloFresh remains cautiously optimistic for year as it passes price hikes onto customers August 15, 2022 HelloFresh this morning said it was “cautiously optimistic” about the second half of the year as the company grapples with soaring prices. For the second quarter, the meal kit maker confirmed its previously-released figures, which showed that revenue for the three-month period rose to €1.96bn from €1.56bn. Hellofresh topped expectations, delivering 557.1m meals in the [...]
