Burberry posts revenue success but says future depends on Chinese Covid recovery May 18, 2022 Burberry reported a 23 per cent rise in revenue to £2.83bn, but said the ongoing outlook for the luxury brand depended on Chinese recovery. Despite group adjusted operating profit up to £523m, the comparable store sales in Asia Pacific were down seven per cent in the final quarter in the final quarter as lockdown batters [...]
Revenue surges for Marie Claire publisher Future thanks to £400m acquisitions and content expansion May 18, 2022 The media group behind TechRadar and Marie Claire Future reported half year revenue up was up 48 per cent to £404.3m thanks to the company's push to diversify revenue streams.
Experian posts ‘very good year’ with revenue and profits booming for credit reporting firm May 18, 2022 Credit reporting firm Experian reported a strong full year this morning with revenue up 17 per cent at $6.3bn.
Warren Buffett bets on Paramount by snapping up £2bn stake May 17, 2022 Just when you think the streaming wars may be starting to settle down, one of the world’s most famous businessmen Warren Buffett snaps up a major stake in Paramount Global. Shares jumped over six per cent yesterday for the owner of MTV and Nickelodeon after it was revealed in a regulatory filing that Buffett’s holding [...]
Buzzfeed runs out of buzz as losses swell and time spent on sites dwindle May 17, 2022 Losses continue for media giant Buzzfeed as the firm struggles to gain momentum following its market debut last year.
M&C Saatchi bats away yet another takeover bid May 17, 2022 The investment vehicle spearheaded by tech tycoon Vin Murria has launched a fresh takeover bid for M&C Saatchi today which values the advertising giant at £253.6m.
The Spy Who LinkedIn Me: Government launches new app to help public dodge spies May 17, 2022 The government has launched a new spy detecting app, which will help members of the public dodge espionage and stay safe online.
Blame it on the bots: Musk says Twitter takeover can’t progress without fake account clarity May 17, 2022 Twitter said it is committed to completing Elon Musk's $44bn deal at the agreed price and terms, despite the Tesla founder's continuous floundering.
New London office for Monday.com as 100 additional UK staff hired to conquer Europe May 17, 2022 New York-listed work operating system monday.com has opened a new, larger office in the capital as it continues to expand in the UK and globally.
Universal Music teams up with LimeWire to push forward with music NFT licensing platform May 17, 2022 LimeWire has inked a deal with Universal Music Group for content licensing on a global scale, opening up the LimeWire collectibles marketplace to all artists under the Universal Music Group umbrella.
