TV sector faces ‘bleak future’ without government intervention April 6, 2020 The UK’s commercial TV sector faces “permanent change” as a result of coronavirus unless the government steps in to help, top media analysts have warned. In a note to clients published today, Enders Analysis warned a combination of declining advertising revenue and a shutdown in filming had left broadcasters and the production sector facing a [...]
Starmer and the City: Labour’s battle to win back the trust of UK business April 6, 2020 After what feels like the longest three months in history, the Labour Party finally has a new leader. Sir Keir Starmer trounced his leadership rivals to win a commanding majority, leaving no doubt about his mandate to recreate the party in his own image. The former human rights lawyer is now tasked with the job [...]
UK sticks to December 2020 Brexit deadline despite coronavirus April 6, 2020 The UK government has said it remains “absolutely committed” to Brexit negotiations and the December 2020 transition date despite the coronavirus outbreak limiting talks between the two sides. The UK and EU have until the end of this year to thrash out a comprehensive free-trade agreement. Keen to deliver on his “get Brexit done” election [...]
Imagination Technologies boss poised to quit over China Reform raid April 6, 2020 The boss of Imagination Technologies is reportedly on the brink of resigning as a state-owned Chinese company attempts to seize control of the board. Chief executive Ron Black, who has run the firm since December 2018, has signalled his intention to quit in protest at China Reform’s move to appoint four new directors, according to [...]
UK coronavirus deaths hit 5,000 but daily rate slows April 6, 2020 The UK coronavirus death toll has risen past 5,000, but the daily rate of growth slowed for the second consecutive day. A total of 5,373 have now died after a further 439 deaths were recorded, the Department of Health has confirmed. However, it marks the second consecutive day that the number of daily deaths have [...]
Debenhams administration could provide blueprint for ‘freezing’ companies during coronavirus crisis April 6, 2020 Debenhams today gave notice to appoint administrators for what it said would be a “light touch” administration with the management remaining on board. This approach accords with ideas being floated by City insolvency lawyers who have proposed using the administration regime to mothball companies during the crisis and reviving them when economic conditions improve. Luke [...]
Oil prices continue fall amid fears production cuts won’t go far enough April 6, 2020 Oil prices have continued to fall this afternoon amid fears that proposed cuts to production will not go far enough to stabilise prices, which have been in freefall due to the coronavirus pandemic. Benchmark Brent crude fell over five per cent to stand at $32.3, while West Texas Intermediate shed seven per cent to hit [...]
Coronavirus and the economy: your questions answered April 6, 2020 Chief Economist & Strategist Keith Wade chatted to us about coronavirus and its economic impact. Here are your nine questions answered. Q1: How do you think that the virus will affect the global economy? It is going to have a very significant impact. The virus could create a fall in GDP unlike anything that we [...]
Ocean Outdoor launches £10m media fund for virus-hit firms April 6, 2020 Advertising group Ocean Outdoor has launched a £10m fund offering free ad space to the retailers and small businesses hardest hit by the coronavirus crisis. The fund will give businesses and brands access to advertising space on the company’s network of screens in 12 UK cities. Ocean’s out-of-home sites in London include Piccadilly Lights and [...]
Facebook classified ads under scrutiny amid EU competition probe April 6, 2020 EU regulators have turned their attention to Facebook’s classified advertising business as part of an ongoing competition probe into the tech giant. The next stage of the antitrust investigation will examine whether the social media platform is distorting the classified ads market by promoting its free Marketplace service to users. Regulators have sent a 14-page [...]
