Bernie Ecclestone avoids jail after pleading guilty to fraud.

Creative Media NewsThursday, 12 October 2023, 20:000

The court heard that Ecclestone and HMRC reached a settlement of £652.6 million. Bernie Ecclestone, the former head of Formula One, avoided incarceration by pleading guilty to tax fraud for failing to inform the government that he owned £400 million in a trust in Singapore. Southwark Crown Court sentenced Ecclestone, who will turn 93 this...

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...

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...

EV owners’ repair claims rise 370% in three years.

Creative Media NewsSaturday, 7 October 2023, 12:000

In the past three years, repair claims from electric vehicle owners have surged by 371%, as per data from specialized warranty firm MotorEasy. MotorEasy, in its statement, suggests that this growth results from an increase in the number of EVs covered by their warranties, and it reflects an aging EV fleet where issues are emerging....

After fraud, WANdisco rebrands as ‘new start’ software firm

Creative Media NewsThursday, 5 October 2023, 20:000

WANdisco has rebranded as Cirata to put an end to a turbulent year marked by a fraud investigation and the termination of 30 percent of its workforce. The company expects to begin trading under its new name on the London Stock Exchange on Thursday, after shareholders overwhelmingly approved the transition at its annual general meeting...

London Stock Exchange gains from Korean firm floating

Creative Media NewsTuesday, 3 October 2023, 2:000

The London Stock Exchange (LSE) appears close to securing a series of listings from South Korea, as per information obtained by The Mail on Sunday. Three companies, including a semiconductor manufacturer and a rapidly expanding poultry restaurant chain, are expected to join the LSE by next summer, with more likely to follow. These plans stem...

The resignation of Bernard Looney affects BP’s green goals.

Creative Media NewsMonday, 2 October 2023, 14:000

On February 12, 2020, Bernard Looney arrived at the Royal Lancaster Hotel in Central London, creating an air of anticipation. Looney, the newly appointed CEO of BP, was set to unveil the company’s groundbreaking strategy. Such presentations usually targeted City analysts, filled with slide decks, complex queries, and perhaps a glass of wine. However, Looney...

Merck CEO wants more women in healthcare.

Creative Media NewsMonday, 2 October 2023, 8:000

Doina Ionescu is one of only two female CEOs of significant pharmaceutical companies in Britain, which is an accomplishment in itself. She leads the German healthcare giant Merck in the United Kingdom and Ireland and is one of the prominent women in the industry, along with Emma Walmsley, the CEO of GSK. Because she grew...

The Starling Bank provides 3.25% on £5,000 deposits.

Creative Media NewsSunday, 1 October 2023, 8:000

Tomorrow, Starling Bank current account holders can earn £13.54 monthly on deposited currency. The bank will pay 3.25 percent interest on balances up to £5,000 for customers. Starling extends this offer to personal and joint accounts, along with connected Kite debit cards for minors. Account holders with a maximum balance of £5,000 could receive £162.50...

Aston Martin shares rise as Stroll’s group invests more.

Creative Media NewsSaturday, 30 September 2023, 16:000

Aston Martin Lagonda shares soared on Friday after the luxury brand’s largest shareholder increased its stake. The Yew Tree Consortium, led by Lawrence Stroll, has agreed to acquire an additional 26 million ordinary shares in the company, increasing its total stake to 26.23 percent. Aston Martin’s share price surged by 13.2 percent, or 34.4 pence,...

Mitchells & Butlers celebrates growing sales as costs ease.

Creative Media NewsFriday, 29 September 2023, 12:000

Mitchells & Butlers sales have improved after more customers stepped out to acquire drinks and food at its pubs despite a high inflationary environment. Cost headwinds, which pose a significant challenge for the UK hospitality industry, have also begun to abate, while high inflation has not deterred demand, the group reported to shareholders on Thursday....

888 lost money on ‘customer-friendly sports results’ and new laws.

Creative Media NewsFriday, 29 September 2023, 4:000

The owner of William Hill, 888 Holdings, issued a profit warning due to new regulatory changes and ‘customer-friendly’ sports results. In early trading, 888 Holdings shares dropped by 17.4% to 91.25p after the wagering group informed investors that earnings before deductions for 2023 would fall short of expectations due to more challenging trading conditions. The...

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