Average Ryanair tickets rise 24% as firm predicts record earnings

Creative Media NewsTuesday, 7 November 2023, 4:000

Ryanair will pay €400 million (£346.6 million) in shareholder dividends, a first for the company. As the airline transported a record number of passengers throughout the summer, fares have increased. Exceptional Half-Year Performance The average fare increased by 24% year-over-year to €58 (£50.27), Ryanair disclosed in its financial results for the initial six months of...

YouTube raises Premium family plan prices by 30%

Creative Media NewsTuesday, 7 November 2023, 4:000

Following Netflix, Apple TV+, and Disney+, YouTube has become the most recent platform to implement a price increase. In the United Kingdom, the cost of the YouTube Premium family plan, which allows the use of the same subscription by six accounts, will rise by £2, from £17.99 to £19.99. In contrast, prices will increase by...

The fashion house The White Stuff is capitalising on

Creative Media NewsSaturday, 4 November 2023, 22:000

The apparel firm White Stuff is profiting from people returning to the High Street after the pandemic. The organization reported sales of £151.4 million for the twelve-month period ending on April 29th, representing a 13.3% growth compared to the corresponding period last year. Profits increased by over twofold, from £2.9 million to £7 million. Customers...

Revenue from iPhone sales by Apple sets a new record.

Creative Media NewsSaturday, 4 November 2023, 14:000

Increases in prices assisted in surpassing certain revenue milestones and surprising Wall Street. The iPhone achieved a new revenue peak on Thursday, the company reported, citing increased demand in China and emergent markets as the primary drivers. iPhone Demand Drives Growth Despite the strong revenue in the third quarter, Apple was unable to rectify the...

Wickes Group’s ‘do it for me’ drops after software concerns

Creative Media NewsSaturday, 4 November 2023, 10:000

The third quarter witnessed a decline in the revenue of Wickes Group’s home installation division, partially due to software issues. Sales Decline and Order Book Normalization Like-for-like DIFM (Do It For Me) sales fell 4.4% in the three months ended September 30. The company informed investors that this decline was “partially driven by a more...

Quarterly profits boost Shell shareholder payouts to $23bn.

Creative Media NewsFriday, 3 November 2023, 8:000

This year, the company increased shareholder returns to $23 billion in response to higher crude prices, similar to rival BP. Shell has faced criticism following the disclosure of an augmentation in shareholder incentives, which was attributed to an upsurge in quarterly earnings. Financial Performance and Profits Currently the most valuable component of the FTSE 100...

M&S pulls Christmas ad after Palestinian flag controversy.

Creative Media NewsFriday, 3 November 2023, 0:000

The store apologised after criticism that an outtake from their star-studded Christmas ad showed burning paper hats resembling the Palestinian flag. Following criticism of an outtake from its recently released Christmas advertisement that depicted smouldering paper hats resembling the Palestinian flag, Marks & Spencer has issued an apology. The British retailer had posted an Instagram...

Bank keeps rates, warns against cutting early.

Creative Media NewsThursday, 2 November 2023, 20:000

In the meantime, with interest rates remaining high, the Bank of England has predicted that the United Kingdom’s economy will experience zero growth until 2025. This came as the Bank kept interest rates at 5.25 percent, the highest level in fifteen years, for the second consecutive time. Rishi Sunak pledged to boost the UK’s GDP...

Why 269% more drivers take automated driving tests in a decade…

Creative Media NewsThursday, 2 November 2023, 12:000

The number of learners scheduling automatic-only driving tests has increased by 269 percent over the past decade, according to a new report, as more drivers prepare to transition to electric vehicles (EVs). Shift in Driving Test Preferences The maximum number of automatic-only driving tests conducted increased by nearly fourfold from 87,844 in 2012-13 to 324,064...

WeWork shares fall after bankruptcy reports.

Creative Media NewsThursday, 2 November 2023, 10:000

On Wednesday, the shares of the beleaguered office-sharing company WeWork fell in response to rumours that it may declare bankruptcy as early as the following week. Its shares declined by over 50% in New York trading early. At one time, the firm was considered the office of the future. However, the organisation has encountered numerous...

ASOS forecasts another year of declining sales as losses grow.

Creative Media NewsThursday, 2 November 2023, 8:000

Despite reports that progress is being made, ASOS’s online fashion retailer’s rehabilitation initiatives will not be sufficient to halt revenue declines during the current fiscal year. ASOS’s stock fell as it predicted a second year of dropping sales and disclosed yearly losses. The online fashion retailer’s stock declined by over 6% subsequent to its market...

UK retail inflation falls to lowest since August 2022.

Creative Media NewsThursday, 2 November 2023, 6:000

New data indicates that retail price inflation decelerated for the fifth consecutive month in October, reaching its lowest level since August of last year. October saw a 5.2% increase in prices compared to the same month last year, a decrease from September’s 6.2% increase, as measured by the British Retail Consortium-Nielsen Shop Price Index. Food...

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