BP keeps shareholder returns despite falling profitability

Creative Media NewsWednesday, 1 November 2023, 12:000

Despite a decline in oil and gas prices compared to the same period last year, BP maintains its dedication to providing substantial returns for investors. Maintains Shareholder Returns BP disclosed a decline in profits for the third quarter, primarily attributable to weakened energy prices, but maintained shareholder returns. The organization disclosed a primary pre-tax metric,...

Company insolvencies rise 10% year, causing financial suffering.

Creative Media NewsWednesday, 1 November 2023, 10:001

Numerous businesses are eagerly awaiting the chancellor’s autumn statement next month in the hopes of receiving assistance. Still, Jeremy Hunt has indicated that any aid is likely to be limited. Rising Company Insolvencies Official data indicates a 10% increase in company insolvencies in England and Wales in the fourth quarter of 2018 compared to the...

Fast fashion behemoth Shein buys Missguided.

Creative Media NewsTuesday, 31 October 2023, 4:000

For an undisclosed sum, fast-fashion behemoth Shein has acquired women’s fashion retailer Missguided, marking its first purchase in the United Kingdom. The Singapore-based company stated that it intends to “reignite” the brand, which Mike Ashley’s Frasers Group acquired from administration just 15 months ago. The Acquisition Deal The agreement entails the retailer acquiring the intellectual...

HSBC earnings double with higher interest rates.

Creative Media NewsMonday, 30 October 2023, 20:000

HSBC’s profits have surged due to rising interest rates, and the banking behemoth intends to distribute billions more to shareholders. Robust Financial Performance In the three months leading up to September, HSBC reported profits of $7.7 billion (£6.35 billion), more than doubling from the same period the previous year but falling short of expectations. Impact...

Mortgage approvals hit January low, Bank of England reports.

Creative Media NewsMonday, 30 October 2023, 18:000

As the Bank of England planned its next borrowing costs position, rising interest rates had further effects. Lowest Mortgage Approvals The Bank of England reports that lenders approved the fewest number of mortgages since January last month. In September, 43,328 home loans for single-family residences were approved, marking the third consecutive monthly decline. Remortgaging net...

Tory MP demands Barclays Telegraph Gulf funding investigation

Creative Media NewsMonday, 30 October 2023, 8:000

Lucy Frazer, the culture secretary, is being strongly urged to initiate an inquiry into the financing arrangements being utilized by the erstwhile owners of the Telegraph to reclaim ownership of the titles. Concerns Over Middle Eastern Financing In order to regain control of The Daily Telegraph, a backbench Conservative MP is demanding that the government...

In exclusive negotiations to acquire The Body Shop, Aurelius

Creative Media NewsMonday, 30 October 2023, 4:000

Footasylum’s private equity firm is currently engaged in exclusive negotiations with The Body Shop’s Brazilian parent company to acquire the company. The Body Shop’s Ethical Legacy The private equity investor currently holding Footasylum is well-positioned to acquire The Body Shop, an ethical cosmetics chain established around half a century ago by Dame Anita Roddick and...

Benefit from the pharmaceutical company Destiny Pharma.

Creative Media NewsMonday, 30 October 2023, 2:000

Rarely does a business increase in value by a factor of 25 in less than a decade. However, this is precisely what transpired in 2013 when GW Pharma, a cannabis group headquartered in Cambridge, went public on the US Nasdaq for $8.90 per share. Within a mere eight years, the company was acquired for $220...

HMRC delays made me ponder transferring my small firm to Dubai.

Creative Media NewsSaturday, 28 October 2023, 14:000

A small business owner informed that she is considering relocating her business from the United Kingdom due to prolonged HMRC delays. Aparna immigrated to the United Kingdom on a skilled work visa and established herself in the field of artificial intelligence before conceiving the notion for a networking enterprise. Visa Restrictions and Business Launch Although...

Digital bank Monzo negotiating £300m stake sale

Creative Media NewsFriday, 27 October 2023, 8:001

It is probable that the share sale, which will value Monzo at over £3.5 billion, will be the last before the company pursues a successful stock market flotation. Monzo is seeking more than £300 million to become the UK’s most valuable digital bank. Prestigious Investment Discussions Monzo, an e-commerce platform that commenced operations in 2015...

After IT meltdown, anger over increasing air traffic charges

Creative Media NewsThursday, 26 October 2023, 20:000

In reaction to the UK aviation regulator’s air traffic control cost hike, airlines have warned passengers of higher tariffs. Costs to Passengers and Airline Covering Expenses Following a UK air traffic control debacle in August that caused lengthy flight delays and stranded thousands, airlines are covering the associated expenses. Fee Increase and Reaction from Airlines...

Will energy prices rise again? Israel-Hamas war raises petrol costs

Creative Media NewsThursday, 26 October 2023, 14:000

Energy costs in the United Kingdom may begin to rise once more as a result of rising wholesale petrol prices, just when consumers anticipated that costs would continue to decline. Being on an agreement governed by the Ofgem price cap already costs the average household £1,843 annually on energy bills. However, there are concerns that...

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