Print revenue plunges for Daily Mirror owner Reach as inflation and global uncertainty scares off advertisers May 5, 2022 Print revenue was down 4.2 per cent for the owner of the Daily Mirror and OK! magazine Reach, as the group grapples with reduced advertiser demand and crippling inflation.
Slice of VAT: Domino’s Pizza’s UK sales drop as budgets tighten May 5, 2022 Domino's reported VAT hikes taking a slice of the pizza this morning, with UK & Ireland system sales down 1.5 per cent in the first quarter to £365.9m.
Virgin Money UK reports profit boost thanks to rising interest rates and unsecured lending May 5, 2022 Virgin Money UK posted a boom compared to 2021 figures, with underlying profit increasing 58 per cent to £388m, reflecting stronger income.
Hitting the high note: Providence puts music catalogue up for sale in £479m mega deal May 4, 2022 Just as other private equity funds are snapping up music catalogues, Providence Equity is preparing to sell up. According to reports from the Financial Times, Providence is looking to sell the Tempo song catalogue, which includes hits from rapper Wiz Khalifa and Twenty One Pilots, for an estimated $600m (£479m). It is understood that the [...]
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
American Dream: FanDuel’s US dominance saves Flutter from revenue dips in UK and beyond May 4, 2022 Betfair owner Flutter posted revenue growth of six per cent across the group driven by continued strong recreational player momentum with average monthly players up 15 per cent to 8.9m.
Diego Maradona’s ‘Hand of God’ shirt auctioned for record £7.14m May 4, 2022 Maradona’s iconic 1986 World Cup ‘Hand of God’ shirt fetched £7.14m at auction this afternoon- marking a new auction record for any item of sports memorabilia. The shirt itself football history during the Argentina v England quarter finals of the FIFA World Cup after the footballer scored two of the most notorious goals in footie history. [...]
Battle of the telcos: BT fails to block Virgin Media’s title as fastest broadband May 4, 2022 BT has failed in its bid to stop Virgin Media from claiming to be the faster broadband provider this morning as the battle of the telcos rages on. The world’s oldest telecommunications firm put in a complaint to the advertising watchdog about Virgin Media claiming to be the “UK’s fastest major broadband provider” in a TV ad and on its website. [...]
Former Downing Street comms chief Allegra Stratton set to join Bloomberg May 4, 2022 Former Downing Street Press Officer Allegra Stratton will be joining Bloomberg News following her resignation last year.
Ministers clamp down on data stealing and poorly developed apps May 4, 2022 People downloading apps to smartphones, games consoles and TVs will be better protected from hackers under new government plans to boost security standards. A new report on the threats in app stores published today by the National Cyber Security Centre (NCSC) has shown that people’s data and money are at risk because of fraudulent apps [...]
