ITV and Michael Grade eye Channel 4 takeover October 24, 2021 The former chief executive of Channel 4 Lord Grade and ITV are reportedly mulling takeover bids amid government plans to privatise the network. Lord Grade, who was at the helm of Channel 4 between 1988 and 1997 and also chaired the BBC and ITV, is considering snapping up the network The Times first reported. Earlier [...]
Coronavirus: DFS warns of footfall drop as profit slumps March 10, 2020 Sofa retailer DFS warned that coronavirus has caused a slump in footfall at its showrooms as it reported a dive in profit at the end of last year. The figures Gross sales fell 5.8 per cent to £629.7m, and revenue fell 5.7 per cent to £488m in the 26 weeks ended 29 December. Profit before [...]
Wickes instates first-ever dividend following Travis Perkins demerger September 16, 2021 Revenue at Wickes has grown steadily on pre-pandemic levels, pushing the home improvement store chain to instate its first ever interim dividend. The Watford-headquartered group posted revenue growth of 22.4 per cent on 2019 levels, and 33.1 per cent on a like for like basis, in its interim results for the six months to 26 [...]
UK home sellers overprice their properties by as much as 21 per cent in wake of stamp duty holiday February 24, 2022 Rightmove revealed yesterday that asking prices saw their biggest monthly increase in over 20 years. Despite a property market boom, the gap between the asking price expectations of the nation’s sellers and what buyers are willing to pay is as big as 21 per cent in some areas of the market, according to data shared [...]
How Sir Richard Branson’s Virgin Group makes money and what it’s worth today March 21, 2024 City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Housebuilder stocks soar as property prices climb another £3,000 to new record high June 7, 2021 House prices in the UK rose again last month by around £3,000, bringing the average property price up to a record high of £261,743. May’s 1.3 per cent price increase means the average home in the UK has increased by more than £22,000 – or 9.5 per cent – in the last 12 months, according [...]
Manufacturing for the iconic MOKE returns to the UK September 22, 2021 Manufacturing for the MOKE, an iconic sixties open top car favoured by the likes of The Beatles, The Beach Boys and Brigitte Bardot, is returning to the UK from France. The MOKE has been engineered in Britain and manufactured in France since its relaunch in 2020. From now on, all MOKEs will be built at [...]
Valentine’s Day: Most Brits plan to spoil their better half with a card, sex, dinner, flowers or a takeaway February 10, 2022 Following last year’s Valentine’s Day lockdown, most lovebirds are in the mood to celebrate this year, with more than half planning something special. In fact, with the very recent lifting of all Covid restrictions in the UK, over three-quarters plan to celebrate the day like they “usually would” (versus 23 per cent) despite lingering safety [...]
The top colours to paint your home in 2022 January 3, 2022 Every autumn household paint brands announce their “colour of the year”. The home improvement equivalent to groundhog day, it has become a much-awaited ritual, and the brands’ respective decision-making processes are rather opaque: some determine their colour through surveys, others via mysterious searches into the ether. But what this year’s colours bring is a sense [...]
Google inks deal with NFT company Dapper Labs September 14, 2021 Google has confirmed a partnership with Dapper Labs, the team behind popular NFT collectibles game NBA Topshot, to help the company scale. Dapper Labs has already developed an in-house blockchain, Flow, which helps its users to scale apps and games. Google will help to finesse the product by acting as a network operator, providing developers [...]