City deal: Goodway Group snaps up Canton with key role for former Havas exec Paul Frampton-Calero July 8, 2022 Goodway Group told City A.M. this morning it has reached an agreement to buy UK-based Canton Marketing Solutions. The business will be merged with its marketing transformation consultancy Control v Exposed (CvE), which is run by ex-Havas Media Group CEO, Paul Frampton-Calero. Canton’s co-founders Rob Webster and Nick King both join the CvE leadership team [...]
June NFP preview July 7, 2022 The June US jobs report is due to be released on Friday 8 July at 1.30pm (UK time). Coming at a time when market participants are concerned over the potential implications of impending rising interest rates off the back of soaring inflation, traders will be watching closely for any signs of an economic slowdown. Unfortunately, [...]
‘Covid-19 cliff edge’: Lateral flow test maker suffers major blow to revenue July 7, 2022 Clinical diagnostics specialist Novacyt has suffered a major blow to its revenue, as the feared ‘Covid-19 cliff edge’ comes into focus “faster than expected”. The London-listed company, which provides lateral flow tests, has seen its revenue crumble more than 70 per cent to £16.5m in the first half of this year, compared to £52.2m a year [...]
Online gambling slows for Ladbrokes owner Entain as lockdown buzz fades and government review looms July 7, 2022 Online net gaming revenue dipped seven per cent Ladbrokes owner Entain as the gambling titan struggles to recapture lockdown momentum. A weaker macro-economic environment is also reducing customers’ rate of spend during the first half of the year, moderating overall online growth versus previous expectations. The closure of the Netherlands ahead of licencing has further [...]
Major cryptocurrencies continue to recover from last week’s lows July 7, 2022 The price of Bitcoin is continuing to hold above $20,000, with trading at around the $20,400 mark this morning.
Peel Hunt revenues slump to £22.8m as IPO slowdown hits July 7, 2022 Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in the three months to the end of June.
Sign-up economy falls apart as Brits ditch costly subscriptions en masse due to fast-shrinking budgets July 7, 2022 New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines. More than a third (36%) of people say they have cancelled at least one subscription because their disposable income has fallen as interest rates and inflation [...]
Whoever leads the No11 regime must learn spending will only fuel inflation July 7, 2022 The year ends with a two. We have a Prime Minister who reset Britain’s relationship with Europe and has suddenly appointed an inexperienced Chancellor. The new regime in Downing Street now promises tax cuts in the face of high inflation. Am I mad, in a coma, or has the Tory Party travelled back in time? [...]
Pandemic-born businesses could add over £20bn to UK economy, study shows July 7, 2022 Businesses started during the Covid pandemic could add £20.4bn to the UK economy as the number of start-ups during the pandemic grew. About 800,000 companies were registered in the first year of the pandemic in the UK, 22 per cent more than the year before, a joint report by CBI Economics and NatWest showed. 80 [...]
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.