One dead after Range Rover collides with Tesla and ends up on Underground tracks August 22, 2022 A woman has died following a collision between a Range Rover and Tesla, leaving the 4×4 on the tracks of the London Underground. Met Police officers are asking for witnesses after the dramatic coming-together of the two vehicles in the early hours of the morning in West London. They were called at 3.48am following the [...]
Cineworld seeks ‘potential’ restructuring to deal with £4bn debt burden August 22, 2022 Cineworld has said it is looking to gain liquidity and potentially restructure its balance sheet through a “comprehensive deleveraging transaction” as it carried billions in debt. The company, which owns US-based cinema chain Regal, said it had voluntarily sought a Chapter 11 bankruptcy filing in the US in pursuit of a potential restructuring. “Cineworld and [...]
End of an era: Jeremy Paxman graduates from University Challenge after nearly three decades August 20, 2022 Ending his reign as the longest-serving current quizmaster after nearly three decades on British TV, Jeremy Paxman confirmed today he is stepping down as the host of University Challenge. The 72-year-old, who was diagnosed with Parkinson’s disease last year, has presented the show since it was revived by the BBC in 1994, some 28 years [...]
Gaming giant Embracer snaps up Lord of the Rings rights in bargain deal August 18, 2022 In a clear defiance to the slowing M&A landscape, Embracer Group has snapped up the intellectual property rights to The Lord of the Rings and The Hobbit literary works, as well as five other firms in a £645.7m deal.
Going old school: why new media’s rise is far from inevitable August 18, 2022 Ian Whittaker is twice winner of the City A.M. Analyst of the Year, a long-standing Square Mile media analyst and founder of advisory firm Liberty Sky Advisors The last 12 months has been a brutal one for many of the most high-profile names in the Media space. According to a recent FT piece, nearly $400bn [...]
Ed Warner: Value of hosting sport found in hearts and minds as well as spreadsheets August 18, 2022 Just what does constitute a sport? Breaking – otherwise known as breakdancing – will debut at the Paris 2024 Olympics. So how about singing with a dose of choreographed body-poppery? The unlikely combination of Vladimir Putin and Sam Ryder is bringing Eurovision to the United Kingdom in 2023. Seven cities – cut from 20 – are [...]
Norway sovereign fund loses more than $150bn thanks to tech rout August 17, 2022 Reuters Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by global recession fears and rampant price inflation. The $1.3 trillion fund’s return on investment was a negative 14.4% for the January-June period, which [...]
Ryan Howsam: Why Staysure boss bought Legends Tour and how it can be profitable August 17, 2022 Sports sponsorship usually follows a playbook – Brand X pays to be associated with Team Y or Competition Z – but Ryan Howsam, founder of insurer Staysure, has ripped it up with golf’s Legends Tour. Howsam, a keen golfer in his youth who played off a scratch handicap, got involved with the circuit formerly known [...]
Young watching seven times less broadcast TV than over 65s August 17, 2022 Young adults are watching seven times less broadcast TV than those aged 65+, according to new figures published today, as they continue to bypass traditional broadcasters and enjoy streaming services. While those aged 65 and over spend almost six hours a day enjoying broadcast TV, the average for people aged 16-24 is less than an [...]
Crypto AM Summit & Awards 2022 August 16, 2022 The third Crypto AM annual summit and awards returns to the spectacular 5-star Hotel Leonardo Royal St Pauls, London this November, featuring some of the cryptocurrency and blockchain world’s most prominent figures. Two days of discussion and debate, coupled with workshops and world-class networking, will culminate in one of the industry’s most glamorous and prestigious [...]