Daily Mirror owner Reach sees like-for-like revenues drop as squeeze on circulation and print advertising continues October 8, 2018 The owner of the Daily Mirror newspaper Reach today reported another like-for-like fall in group revenue due to lower circulation and advertising revenues. In a trading update, Reach said that in the third quarter, though total revenue rose 21 per cent due to its recent acquisition of the Express & Star, on a like-for-like basis [...]
Easyhotel reveals portfolio growth in continued UK and European expansion October 8, 2018 Budget hotels operator Easyhotel's UK and European expansion efforts this year have resulted in a 42 per cent jump in its portfolio size, a trading update this morning revealed. The figures In the financial year ending 30 September 2018, Easyhotel opened five new hotels owned by the company, and four new franchisee hotels. Combined, this resulted in [...]
DEBATE: Would creating a ‘Free Time Index’, as the Green Party suggests, improve wellbeing in the UK? October 8, 2018 Would creating a ‘Free Time Index’, as the Green party suggests, improve wellbeing in the UK? Leni Zneimer, WeWork general manager for UK and Ireland, says YES. There is an increasingly strong business case being made for prioritising employee wellbeing – and change on a national scale is long overdue. Research from ACAS estimates that mental [...]
Fintech M&A deals swell to $40bn in first half of 2018 October 8, 2018 The fintech sector carried over 140 M&A transactions in the first half of 2018, at a total value of nearly $40bn (£30.48bn) – an increase of more than 26 per cent on the same period last year. The Fintech M&A market report, compiled by Hampleton Partners, says the surge in transaction values can be attributed [...]
London maintains dominance of Europe’s IPO market raising £1.7bn in three months October 8, 2018 London has maintained its dominance of Europe's IPO market, accounting for almost half of the €3.9bn raised in the third quarter of the year. The London Stock Exchange remained the most active exchange on the continent between July and September despite values and volumes being considerably down in the UK and across Europe as a [...]
The death of nimbyism? Brits now support building in their back yard October 8, 2018 Brits support home-building in their areas and think that local house prices are too high, a new survey has found. Half of voters polled said they would support more houses near their home, while only a third were against. The poll, commissioned by the Centre for Policy Studies, also showed most Brits think house prices [...]
Knight Frank increases profits, despite volatile markets and politics October 8, 2018 Estate agent Knight Frank increased its profit before tax by 14 per cent last year, seeing off challenges from volatile markets and politics. The company increased turnover by £50m to £526m in the year ending March – a ten per cent rise. The increase is payoff for its investment in staff over the last five [...]
Club 18-30: Sun sets on booze-fuelled party holidays as millennials look for social media friendly trips October 8, 2018 Club 18-30, the travel brand promising sun, sea and sex to teenagers going abroad without their parents for the first time, will close down at the end of the month after losing ground with millennials. Thomas Cook, which bought Club 18-30 in 1998, decided to end the brand after failing to sell it over the [...]
Tax cut plan shows Tory MPs are focused on winning back young professional voters October 8, 2018 Oasis playing to more than 100,000 fans at Knebworth. John Major clinging on to power in Downing Street. England’s footballers crashing out of the European Championships on penalties to Germany. The year, of course, was 1996. It may seem like yesterday to many of us, but life in Britain is markedly different today. This morning the [...]
Britain’s brand value grows to $3.7tn replacing Japan in global fourth spot October 8, 2018 Britain's brand value has grown 20 per cent over the past year replacing Japan as the fourth most valuable nation brand in the world. The UK's brand value has risen to $3.8tn but “perceived vulnerability” has undermined its standing on the global stage, according to business consultancy Brand Finance's annual report. But a healthy economy [...]