ITV on track for streaming service launch as revenue and viewership climb July 28, 2022 Love Island broadcaster ITV said it was on track to launch its ad-funded streaming service ITVX later this year as the firm appears unfazed by the cost-of-living woes that have battered competitors. Revenue was up 16 per cent to £927m for ITV Studios, growing ahead of the wider market trends. The firm also performed well [...]
Virgin Media O2 posts improved profitability as prices rise across the board July 28, 2022 Virgin Media O2 has posted a return to revenue growth and improved profitability during the second quarter as the telecom giant turns to price rises.
Advertising spend enjoys temporary comeback as inflationary pressure threatens growth July 28, 2022 A new report has warned that despite advertising spend getting back on its feet in the first quarter of 2022, this momentum will be relatively short-lived.
Spotify defies market subscriber slump as users climb for streaming giant July 27, 2022 Spotify appears to have defied the subscriber downturn seen by many tech firms, posting a 14 per cent jump in paying subscribers in its second-quarter results.
Big Tech feels a big drop as Google and Microsoft struggle to maintain growth July 27, 2022 Both Google parent firm Alphabet and Microsoft posted weaker-than-expected earnings last night, as they grapple with the testing macroeconomic backdrop.
Revenue dips for musicMagpie as pandemic boom fades and belts tightened July 27, 2022 Shares dropped nine per cent in early morning trading for musicMagpie after the circular economy firm reported how squeezed wallets were cutting into profits and margins.
40,000 union rail workers walk out as travel chaos continues for Brits July 27, 2022 40,000 rail workers are striking today, as RMT union members at Network Rail and 14 other train companies walk out over pay and job terms.
Movie magic: Everyman cinemas continue to outshine pre-pandemic levels July 27, 2022 Everyman Media Group continues to outshine pre-pandemic levels as movie-goers continue to flock to the big screens.
Revenue climbs for British American Tobacco as cigarette alternatives start to pay off July 27, 2022 Revenue climbed 45 per cent to £12.8bn for British American Tobacco as the company continues to pivot towards cigarette alternatives.
Shares in UPS dip despite posting an unexpected profit July 26, 2022 Delivery giant United Parcel Service (UPS) defied expectations today, posting a more upbeat quarterly profit. The company warned back in April that it expected volumes to shrink in the first of the year as the pandemic momentum slows and more and more people return to the high-street. However, thanks to prioritisation of more expensive shippings [...]
