Digital revenue dives for Mirror and Express publisher Reach October 10, 2023 Digital revenue was down 13.7 per cent for the owner of the Daily Mirror and OK! magazine, Reach, in its third quarter, as the group grapples with tepid advertiser demand. The publisher said the slide in digital was due to depressed open market yields and declining digital referral volumes, especially as Facebook de-prioritises news. Over [...]
Billionaires Row: Mansions on London’s poshest street set to disappear October 10, 2023 London's poshest postcode is undergoing a transformation, as developers look to convert Billionaire Row's flashy mansions into apartment complexes.
London fintech Kennek raises £10m in seed funding for lending software October 10, 2023 London-based fintech Kennek has raised $12.5m (£10.3m) in a seed funding round led by HV Capital, the backer of Hello Fresh, Depop and Flixbus. The funds will allow Kennek, a software developer that provides a single platform for alternative lenders, to build on its home market and plans for expansion into the EU. Co-founder Xavier [...]
Aston Martin: Chair Lawrence Stroll bullish after revving up stake October 10, 2023 Aston Martin executive chair Lawrence Stroll has said that demand for the marque’s new generation sports cars has been “incredible,” after ramping up his stake. “I have already invested very, very heavily. I own a Formula 1 team and am the largest shareholder and executive chairman of AML so I don’t think I could be [...]
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
Retail sales lay limp in September as Indian summer rocks sector October 10, 2023 UK total retail sales continued to limp along in September with growth up just 2.7 per cent against a figure of 2.2 per cent for September last year as an Indian summer and cost of living pressures walloped the sector. Non-food sales declined 1.2 per cent on a total basis over the three months to [...]
Car industry plan could create 80,000 jobs, Labour says October 10, 2023 Labour have unveiled their plans for the car industry which they say could create 80,000 jobs, Jonathan Reynolds has said.
Incentivising whistleblowing is a no brainer October 10, 2023 Labour yesterday pledged to give financial rewards to whistleblowers who expose stolen assets, sanctions breaches and recover misappropriated funds. “Under the Tories, Britain became the money-laundering capital of the world. With Labour, Britain will be the anti-corruption capital of the world,” David Lammy said announcing the policy pledge. While the policy remains somewhat undeveloped at [...]
Scotland can ‘lead the way’ to Downing Street for Labour, Starmer to say October 10, 2023 Scotland “can lead the way” to a Labour government, Sir Keir Starmer is expected to tell his party’s conference in Liverpool. The Labour leader will address his party for the first time since their win in Rutherglen and Hamilton West last week, where new MP Michael Shanks got more than twice as many votes as [...]
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
