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 [...]
West End retailers go to town on promotions to ensure expected £150m Black Friday boost November 21, 2018 Retail sales on London’s busiest shopping streets are expected to see a £150m boost over the Black Friday weekend amid challenging conditions on the high street, according to a trade group representing retailers in the area. Sales are expected to equal those of last year among around 600 retailers on Bond Street, Oxford Street and Regent Street, [...]
Jeweller Pandora slashes forecasts as lower sales take the shine off growth November 6, 2018 Bereft of a chief executive and wounded by tough trading conditions, Danish jeweller Pandora painted a bleak picture this morning after slashing its sales outlook for the second quarter running. Missing its profit and sales expectations in the third quarter of 2018, the jewellery maker today revised down its full-year revenue growth guidance for the [...]
EU regulator sets October deadline to rule on Sony’s EMI takeover September 25, 2018 Sony will find out by 26 October if its $2.3bn (£1.8bn) takeover of EMI Music Publishing will win approval from antitrust authorities. The European Commission set the provisional deadline after being formally notified of the deal on Friday. Sony is already a major shareholder in EMI, having bought 30 per cent of the firm [...]
Radio giant Sirius acquires Pandora Media in $3.5bn deal September 24, 2018 Two US companies are set to create the world’s largest audio entertainment business after radio giant SiriusXM announced it will pay $3.5bn (£2.7bn) for streaming service Pandora Media. The all-share deal, which will be finalised in the first half of next year, will create a $7bn entity. Shares in the target rose 18.4 per cent to $10.75 [...]
Full stream ahead: With Spotify opting for an unusual IPO route, should investors be wary? March 20, 2018 Spotify, the streaming giant that prides itself on helping people discover music, is about to go public. The company plans to list on the New York Stock Exchange on 2 April, but it’s doing things differently – opting for a direct listing instead. This means that, instead of issuing shares, the private investors and [...]
Jamie Dimon hits out at Donald Trump’s proposed steel tariff and trade war threat March 8, 2018 The boss of JP Morgan Chase has blasted President Donald Trump’s plan to impose a steep tariff on steel and aluminium imports. “We don’t believe in these tariffs,” said Jamie Dimon, adding that the move would open up a “Pandora’s Box” of problems. “There are serious issues around trade. WTO [World Trade Organisation] needs to [...]
Bundesliga faces identity crisis as it debates the abolition of its fan ownership model in favour of increased investment March 1, 2018 For as long as football fans in England have complained about sanitised atmospheres, expensive tickets and disastrous owners, Germany has been held up as the exemplar of how much more supporter-friendly our national game could be. Affordable entry prices, safe standing areas and an ingrained respect for fan culture are all cited as examples of [...]