Audioboom shares jump as its ramps up podcast production April 7, 2020 Shares in Audioboom rose almost 17 per cent this morning after the podcast company posted a sharp rise in revenue for the first quarter. The Aim-listed company, which hosts and distributes podcasts, reported revenue of $6.4m (£5.2m) in the first three months of 2020, up 40 per cent on the same period last year. The [...]
DEBATE: Could Sir Philip Rutnam’s resignation turn into a major headache for the government? March 3, 2020 Could Sir Philip Rutnam’s resignation turn into a major headache for the government? Eliot Wilson, head of research at Right Angles and a former House of Commons official, says YES. The resignation of Sir Philip Rutnam is not just a spat between a Whitehall mandarin and his minister. Its impact goes much further than that, [...]
Soundcloud bags $75m funding from Pandora owner Sirius XM February 11, 2020 Veteran music streaming site Soundcloud today announced it has received a $75m (£58m) cash injection from Sirius XM, the owner of US streaming giant Pandora. Soundcloud said it will use the funding to speed up its product development and enhance services for its users. The investment follows an ad sales partnership between Soundcloud and Pandora, [...]
Glimmers of hope for Pandora after shares jump as firm meets forecast January 6, 2020 Shares in Danish jeweller Pandora leapt 11 per cent today after the firm confirmed that it would meet its 2019 sales and profit guidance. In a trading update, the company said it expected like-for-like sales to fall four per cent in the fourth quarter and eight per cent for the whole of 2019. Read more: [...]
Luxury jewellers Boodles reports profits ‘back on track’ November 18, 2019 Luxury jewellery retailer Boodles reported sales growth following a strong Christmas trading period last year and a 220th anniversary collaboration with Swiss watchmaker Patek Philippe. The family-owned jewellers reported turnover of £77.1m for the year ended 28 February, up 8.9 per cent from £70.8m in 2018. Read more: Diamond in a rough year: Petra sell [...]
Jewellery maker Pandora warns of steeper sales decline November 5, 2019 Jewellery retailer Pandora this morning warned of a steeper fall in sales this year, as it said efforts to revitalise the brand had weighed on costs in the third quarter. Pandora said organic growth in 2019 is expected to be minus seven per cent to nine per cent, compared to previous guidance of a three [...]
The prince and the pervert: a cautionary PR tale August 19, 2019 The fall of Jeffrey Epstein has everything: money, sex, power, celebrity, glamour and danger, with a profoundly depressing tawdriness as its core. He rose from humble Brooklyn origins to untold wealth on Wall Street, and was famed for his jet-setting lifestyle as well as friendships with the Clintons and President Trump, though the 45th President [...]
Debate: Will the British Airways GDPR fine have a bigger impact than the Cambridge Analytica scandal? July 15, 2019 In financial terms the British Airways fine is a serious step-change in consequence
Conde Nast names media veteran Roger Lynch as new global chief executive April 4, 2019 Publishing giant Conde Nast has named Roger Lynch as its first global chief executive as the company merges its US and international operations. Lynch, the former boss of US streaming service Pandora Radio, will also join the firm’s board when he assumes the role on 22 April. Read more: Vogue publisher Conde Nast's accounts reveal [...]
Cost-cutting overhaul lifts jewellery maker Pandora’s share price February 5, 2019 Jewellery maker Pandora’s share price soared in early morning trading today, as investors welcomed a radical cost-cutting plan put forward by the embattled fashion group. The Danish jeweller saw the value of its shares climb 14 per cent this morning after the retailer revealed plans to save 1.2bn Danish crowns (£141.1m) in a bid to [...]