Apple’s retail arm feels sting of store closures as tech giant posts humble growth in UK accounts July 4, 2022 Total turnover for Apple’s Retail UK, Europe and UK team climbed a humble two per cent to £2.3bn in 2021, with total operating profit up 24 per cent to £730m. It comes as Apple Retail UK continued to see the impacts of the pandemic, with turnover at £972m compared to £1.1bn for 2020, as a [...]
Royalty rate rocks for Hipgnosis Songs Fund following US ruling July 3, 2022 Shares in Hipgnosis Songs Fund climbed today after after a fresh court decision effectively meant it will be able to collect a greater royalty rate for music streaming. It comes after the US Copyright Royalty Board upheld its decision regarding the top-line streaming royalty rate for songs, which boosted the percentage of streaming service revenue [...]
China has failed to live up to its promise to Hong Kong, but Britain must not follow July 1, 2022 When Chris Patten, the last British governor of Hong Kong, bowed out of the territory for the last time at midnight on July 1, 1997, he departed with the hopeful promise that “now, Hong Kong people are to run Hong Kong.” Twenty-five years later, that dream has been irrevocably dashed by the Chinese Communist Party [...]
Buyer beware! The metrics suggest Bitcoin could drop even further June 30, 2022 Crypto AM columnist Dr Chris Kacher warns that, despite Bitcoin's current downturn, there may be further to fall.
Spirit of Champagne Charlie reborn in rare cuvée June 29, 2022 The term “Champagne Charlie” is used to describe ‘a man who lives a life of luxury and excess’ and there are certainly a few of those around right now, but who was the very first to earn this pseudonym? Charles Camille Heidsieck was an entrepreneurial soul born in 1822 who founded his business in 1851 [...]
Apple and Google told by FCC to axe TikTok in app store over privacy concerns June 29, 2022 The US FCC Commissioner has written to Apple and Google calling on the Silicon Valley giants to axe TikTok from app stores for “its pattern of surreptitious data practices.”
Return of in-person events gives Hyve Group a faster than anticipated revenue recovery June 27, 2022 Hyve Group said today that its 2022 financial year saw a faster than anticipated revenue recovery due to strong customer demand for in-person events following the pandemic. Shares rose by 5 per cent today as a result. From April 1 to June 24, the group said it ran all nine of its scheduled in-person events, [...]
Barclays calls on retailers to help stop mounting BNPL debt crisis June 23, 2022 Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protect shoppers, warning that 876,000 Brits could be plunged into unmanageable debt this year without intervention.
Krakow’s on the rise, and that’s well-deserved June 22, 2022 THE WEEKEND: Krakow has been one of Europe’s best-kept secrets for decades, its mixture of old world charm and art-flecked cool drawing those in the know for getaways to see ancient architecture, drink copious cocktails, or indeed both. The secret, it seems, is out – the city’s biggest airline, Ryanair has announced that it’s opening [...]
Blurred lines: Athlete investors on rise as brands embrace new ways to partner with sport stars June 22, 2022 When Anthony Joshua and Dazn announced a new partnership last week, one of the most eye-catching aspects of the deal was that it involved the British heavyweight boxer acquiring a stake in the sports streaming platform. It was just the latest example of a prominent athlete cultivating a business portfolio to complement their sporting career. [...]