WPP could lose crown as largest ad agency amid Omnicom and Interpublic merger December 9, 2024 FTSE 100 giant WPP is under threat of losing its spot as the largest advertising company in the world for the first time in decades as American rivals Omnicom and Interpublic consider a merger. Over the weekend, news emerged that Omnicom and Interpublic are discussing terms of a $30bn (£23.6bn) merger. This could catapult the [...]
Vodafone and Three: What £16.5bn merger actually means for customers and prices December 5, 2024 After an almost 18-month battle the UK’s largest ever telecoms deal – which will see Vodafone and Three complete a £16.5bn merger – has been given the green light. Described by Vodafone as a “once-in-a-generation opportunity to transform the UK’s digital infrastructure”, the deal has now satisfied the Competition and Markets Authority (CMA) enough for [...]
Gary Lineker’s battle over £5m tax bill with HMRC takes latest twist December 3, 2024 Gary Lineker’s dispute over a £4.9m tax bill was back in court this week, as HMRC aims to overturn a previous ruling in Lineker’s favour
Inside Bernie Ecclestone’s £250m ‘unique’ sale of classic racing cars December 1, 2024 The trove of 69 historic cars includes Ferraris raced by world champions Michael Schumacher, Niki Lauda and Mike Hawthorn.
Black Friday TV deals: Save on Sky Sports, TNT Sports, Amazon and more November 28, 2024 Watching sport on TV in the UK can be eye-wateringly expensive – accessing all the available Premier League games costs a minimum of £740 for a whole football season – but Black Friday sport subscription deals could bring that cost down. If you need to watch absolutely all of the football, such as the Nations [...]
Kantar: Private equity groups circle media research firm November 17, 2024 Private equity bidders are reportedly interested in buying TV ratings data business Kantar Media in a development which could pave the way for a multibillion-pound sale of the wider Kantar Group.
Gerry Grimstone: ‘Climate change is the best investment opportunity since the Industrial Revolution’ November 14, 2024 Former investment minister and chairman of Gemcorp Capital, Gerry Grimstone, speaks to Eliot Wilson about the transformative potential of net zero and why private capital is indispensable to growth Gerry Grimstone, who turned 75 this summer, is steeped in private enterprise. He was a director of the venerable London investment house Schroders, chairman of Standard [...]
Businesses warn of £400m in extra costs after Reeves’s Budget tax raid November 8, 2024 Businesses across the UK are sounding the alarm over rising costs after Rachel Reeves raised taxes by some £40bn at the Budget last week. The Chancellor announced that employer’s national insurance contributions (NIC) will increase by 1.2 per cent to 15 per cent, and the threshold at which businesses start paying the levy will be [...]
BT: Challenging conditions hit revenue at FTSE 100 giant November 7, 2024 BT shares traded lower by as much as 3.9 per cent in early deals this morning after the company downgraded its growth outlook for the year. The company reported a slight decline in revenue for the half-year ended 30 September 2024 due to what it has called challenging conditions in its business arm and more [...]
Government-backed cyber security has a long way to go, warns Arctic Wolf November 1, 2024 The boss of Arctic Wolf, one of the world’s biggest cybersecurity companies, has warned that governments need to invest in cybersecurity. Nick Schneider spoke to CityAM ahead of the Labour government’s first Budget earlier this week. Acknowledging the rise in demand for the sector, he argued: “Whilst it is encouraging that most governing bodies are [...]