UK economy: Retail footfall grows but job vacancies flatline August 27, 2020 The UK economy has continued its mixed recovery, with the number of Britons venturing out to the shops rising again but online job adverts staying flat for the third week in a row. Some areas remained in much worse shape than others, with 51 per cent of workers in the art and entertainment sector furloughed, [...]
Gambling body cracks down on underage ad exposure August 27, 2020 The betting standards body has unveiled new measures to prevent under-18s from seeing gambling adverts online. The Betting and Gaming Council (BGC), which represents the regulated betting industry excluding the National Lottery, unveiled the crackdown just a day after the advertising regulator revealed that gambling, alcohol and tobacco brands were targeting children. As part of [...]
The Works swings to a loss but hails strong post-lockdown trading August 27, 2020 The Works swung to a loss in the last financial year due to the impact of the coronavirus crisis, but the retailer said trading had been well ahead of expectations after stores reopened. The figures The Works posted a loss of £18m for the year ended 26 April, down from a profit of 2.3m the [...]
Martin Sorrell’s S4 Capital bolts on data analytics business Brightblue Consulting August 27, 2020 Sir Martin Sorrell’s S4 Capital today said it was acquiring data analytics company Brightblue Consulting. S4 Capital said Brightblue will merge with Mightyhive, S4’s data and digital media practice. The company said the merger would build upon Mightyhive’s recently launched data practice, and add “deep probabilistic attribution expertise” to its team. Brightblue was founded in [...]
Klarna sales rise as lockdown sends shoppers online August 27, 2020 Payments provider Klarna said strong demand in the US and UK helped the value of transactions carried out via its payment platform grow in the first half of the year. The figures Klarna reported growth in total net operating income of 36 per cent year-on-year, as demand grew. The value of transactions carried out via [...]
Ocado finance chief steps down due to ‘family circumstances’ August 27, 2020 Ocado’s finance chief will step down after eight years with the online supermarket, citing family circumstances as the reason for his departure. Duncan Tatton-Brown, who was appointed as Ocado’s chief financial officer in 2012, will leave the role in November, but will continue as a non-executive director. Tatton-Brown said family circumstances meant that it is [...]
Coronavirus: Government to pay low income workers in self-isolation August 27, 2020 People on low incomes who are forced to self-isolate due to coronavirus will receive payments from the government as part of a new scheme. From Tuesday people who claim universal credit or working tax credit and cannot work from home will be entitled to up to £182 — equivalent to £13 per day. The scheme [...]
Flutter Entertainment’s profit plunges 70 per cent amid Covid-19 crisis August 27, 2020 Flutter Entertainment, the owner of gambling firms Betfair and Paddy Power, suffered a 70 per cent dive in profit in the first half of the year as major sports events were cancelled due to the coronavirus pandemic. The figures Flutter’s profit before tax plummeted 70 per cent in the first six months of the year, [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]
