Comcast beats profit estimates but streaming rivals eat into revenue April 25, 2019 US media giant Comcast has beaten Wall Street estimates to post strong first-quarter profit, but fell short on revenue. The figures Comcast posted a 17.9 per cent increase in revenues to $26.9bn (£21bn). Net profit rose 14 per cent to $3.6bn. Adjusted earnings before interest, tax, depreciation and amortisation increased 18.1 per cent to $8.6bn. [...]
Interserve finance boss throws in the towel weeks after administration April 24, 2019 Interserve’s finance chief will quit the company just weeks after it fell into the hands of its lenders having buckled under the weight of a £730m debt pile. Read more: FRC investigates Grant Thornton audits of Interserve Mark Whiteling, chief financial officer at the outsourcing giant for just 18 months, informed colleagues this week that [...]
Debenhams owners to outline plans to shut 20 stores April 23, 2019 Debenhams is poised to outline plans this week to bring forward the closure of 20 of its stores, according to Sky News. The new owners of the department store chain, which include Barclays and hedge fund Silver Point, will launch a company voluntary arrangement (CVA) in the next 48 hours that will allow it to [...]
Majestic Wines looks to sell off UK retail business as online shift continues April 23, 2019 Majestic Wines could sell off its entire UK retail business as it pivots to focus on its online wine seller brand Naked Wines. Read more: British Land sells Sainsbury's superstores for £429m The company’s board has appointed Rothschild bankers to explore a potential sale of its retail and commercial portfolio, which include around 200 stores. City [...]
Which consumer survey reveals UK’s worst mobile network providers April 23, 2019 Vodafone has been ranked the UK’s worst mobile operator as big-name providers continue to lag behind their smaller rivals. Vodafone was rated the worst network, while O2 and EE completed the bottom three, according to the latest survey from consumer group Which. Read more: Vodafone broadband advert banned by watchdog for misleading consumers Virtual network [...]
Thomas Cook shares take off on reports of takeover talks April 23, 2019 Shares in Thomas Cook jumped as much as 17 per cent this morning on reports it has held preliminary takeover talks with a string of potential suitors. Read more: Thomas Cook holds preliminary talks with suitors about potential takeover The sharp uplift in share price came after it emerged the firm has received enquiries from [...]
Climate change protest: Extinction Rebellion activists to confront MPs in march on Parliament Square April 23, 2019 Climate change protesters are set to swamp Parliament Square this morning, it is reported, as organisers urge the government to engage with them. Read more: Climate change activists protest at Heathrow Airport Extinction Rebellion is planning to bring thousands of activists to stay in the square until Thursday, Sky News reported today. Protesters enter their [...]
US President Donald Trump set to visit UK in June April 23, 2019 US president Donald Trump is set to make a state visit to the UK in early June, according to reports. Read more: Trump thought Mueller investigation would 'end my presidency' Trump was first promised an official state visit by Prime Minister Theresa May shortly after his election in 2016 but no official date was set. [...]
For a brand like Nike, nothing beats an athlete with a crazy dream April 23, 2019 As Tiger Woods rolled in his final putt, securing victory at Augusta and claiming his long-awaited fifteenth major title, Nike was ready and primed for the magical moment. Some 14 years after his last victory at the Masters and 11 years after his last major title, Woods now stands just three behind the greatest golfer in [...]
My Sporting Life: Little Dot Studios co-founder Andy Taylor on being a teenage snooker prodigy and the power of 5G April 22, 2019 Little Dot Studios co-founder Andy Taylor on his teenage years as a snooker prodigy, taking on Google at the beautiful game and the power of 5G. What is your sporting passion? Oldham Athletic. My dad took me to my first game in 1974 and I didn’t miss a home game until I got a Saturday [...]