New coins issued by King Charles III to assist students in counting

Creative Media NewsFriday, 13 October 2023, 2:000

The Royal Mint says a revised set of British coins with prominent numbers can help kids count and recognise numbers. These coins, which will circulate by year’s end, honour King Charles III and his love of nature. All coins from one to two pence will feature the nation’s unique flora and wildlife on the reverse....

Next acquires FatFace for £100m in latest high-street takeover.

Creative Media NewsThursday, 12 October 2023, 12:000

In addition to FatFace, the FTSE-100 clothing retailer has expanded its roster of retail partners to include Made.com, Joules, and Cath Kidston. Next is poised to solidify its status as the most active buyer of rival high street fashion chains in the UK by acquiring FatFace for over £100 million. The FTSE-100 fashion giant is...

BA, Virgin Atlantic suspend Tel Aviv flights after Hamas attack.

Creative Media NewsThursday, 12 October 2023, 8:000

Following the relocation of a British Airways flight captain to London Heathrow due to missile activity in the vicinity of Ben Gurion Airport, the airlines took appropriate action. Virgin Atlantic and British Airways (BA) have canceled their Tel Aviv services in response to Hamas’ claim of an attack on the Israeli airport. After approaching the...

Once unfashionable sandal maker Birkenstock now worth billions

Creative Media NewsThursday, 12 October 2023, 6:000

Birkenstock, a German sandal manufacturer, has spent decades persuading consumers that what may seem unattractive at first glimpse is, in fact, desirable. Wall Street will now put this influence to the test. Its initial public offering valued it at $8.6 billion (£7.08 billion), quadrupling its 2021 value to $46 a share. The shares, however, began...

Establishment of a food fraud hotline to combat criminal activity

Creative Media NewsWednesday, 11 October 2023, 18:000

The UK’s food watchdog estimates that food fraud costs the government, businesses, and consumers £1.96 billion yearly. The food safety watchdog of the United Kingdom has established a new free phone line to assist individuals in reporting suspected food fraud. Regulatory agencies use the umbrella term “food fraud” to refer to any form of food-related...

Court battles with Sam Bankman-Fried’s ex-girlfriend Caroline Ellison

Creative Media NewsWednesday, 11 October 2023, 6:000

Caroline Ellison, the former partner of Sam Bankman-Fried, the owner of the defunct cryptocurrency exchange FTX, is now in a courtroom battle. On Tuesday, she began her testimony against the former cryptocurrency tycoon, who faces charges of embezzling billions from clients. The 28-year-old, who previously managed Alameda Research, Bankman-Fried’s cryptocurrency trading company, is alleged to...

UK gas prices surge due to field closure and pipeline damage.

Creative Media NewsWednesday, 11 October 2023, 0:000

According to Finnish Prime Minister Petteri Orpo, “external actions” likely caused the breach in the Balticconnector subsea pipeline. Gas prices in the United Kingdom have surged to their highest level in six months due to the shutdown of an Israeli gas field and damage to a Finnish gas pipeline. Unlike oil prices, which dropped below...

Dark kitchen operator Kbox is perilously close to insolvency.

Creative Media NewsTuesday, 10 October 2023, 18:000

Interpath Advisory is overseeing Kbox Global’s insolvency as “dark kitchen” providers face financial strain. Kbox Global, a company that helps restaurants utilize surplus food production capacity, is facing imminent insolvency, underscoring the growing financial challenges in the “dark kitchens” sector. After a recent funding injection fell through, Kbox Global, which launched in 2019, has reportedly...

Assura adds primary care properties as rents near £150m

Creative Media NewsTuesday, 10 October 2023, 16:000

Assura achieved “strong financial performance” in the first six months as a primary care property developer due to portfolio expansion and rental income. In the six months leading up to September 30th, the Altrincham-based company acquired 612 properties with an annualized rent roll of £146.9 million. Additionally, the FTSE-250 company completed two developments (Kettering and...

£925 million is raised by Metro Bank via debt and financing.

Creative Media NewsTuesday, 10 October 2023, 12:000

Metro Bank’s latest move, according to the CEO, “opens a new chapter… facilitates the delivery of continued profitable growth in the coming years.” Metro Bank has reached a funding agreement to improve its weak balance sheet. One of the ten major banks in Britain, Metro, has successfully raised approximately £1 billion (£925 million). The bank...

Oil prices surge after Hamas attacks Israel.

Creative Media NewsTuesday, 10 October 2023, 4:000

Amid concerns that the situation in Israel and Gaza could impede Middle Eastern oil production, Oil prices has increased. The international benchmark, Brent crude, increased by $2.25 per barrel to $86.83, while prices in the United States also rose. Although neither Israel nor the Palestinian territories are energy producers, the Middle East provides nearly one-third...

Chinese Zhifei and GSK sign £2.5bn shingles vaccine deal.

Creative Media NewsMonday, 9 October 2023, 12:000

GSK, a FTSE 100 company, and Zhifei, China’s largest vaccine manufacturer, have struck a lucrative deal for exclusive distribution rights to the shingles vaccine. The pharmaceutical conglomerate informed shareholders on Monday that the distribution agreement for Shingrix, starting January 1, 2024, is valued at £2.5 billion for the first three years. GSK’s statement: “The partnership...

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