Oil prices fall to their nadir since July

Creative Media NewsWednesday, 8 November 2023, 4:000

A 4% decline, analysts attribute to weakened demand in China and reduced concerns about a broader conflict in the Middle East. Efforts to combat inflation might benefit if a significant decline in global energy prices continues. Brent Crude Futures and China’s Role Brent crude futures declined by 4% to levels not seen since July on...

Lithium deal probe prompts PM António Costa resignation

Creative Media NewsWednesday, 8 November 2023, 0:000

The resignation of António Costa, the Prime Minister of Portugal, followed a search of his official residence by investigators conducting an inquiry into alleged corruption. He stated that while he had not been identified as a suspect, the investigation was incompatible with his ability to remain in office. Inquiry into Alleged Corruption Prosecutors announced their...

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...

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...

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...

Halifax stops paper statements for online banking due to issues.

Creative Media NewsWednesday, 1 November 2023, 0:000

Customers of Halifax with online banking will no longer receive paper statements in this format starting from November 1, 2023. Several online banking customers, who received email notifications from the bank, responded to This is Money. Halifax informed clients that they would modify the way they send statements for certain credit cards, current accounts, and...

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...

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...

FTSE 250 newcomer CAB Payments shares fall 70%.

Creative Media NewsWednesday, 25 October 2023, 4:000

On Tuesday, CAB Payments shares declined by approximately 75% in value subsequent to the fintech company’s reduction of sales projections. Revenue Projections and Currency Challenges The payments group, which was listed at 335p per share in July, informed investors that annual revenues would be 17% lower than anticipated due to a significant depreciation in the...

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