Quiz shares fall 20% as sales drop and apparel company warns of ‘reduced visibility’ for the year ahead amid spending crunch.

Creative Media NewsTuesday, 18 April 2023, 12:000

Quiz’s shares plummeted after February and March sales fell due to consumers tightening their belts. The group also cautioned that pressures on consumer expenditure were likely to persist and could have an impact on demand for its products, thereby reducing visibility for the coming year. Quiz sells partywear and upscale casual wear in its 62...

As US inflation decreases, may the Fed soon quit raising rates?

Creative Media NewsThursday, 13 April 2023, 20:000

Inflation in the United States slowed in March, reducing the likelihood that the Federal Reserve will raise interest rates again next month. According to the US Bureau of Labor Statistics, annual headline inflation in the United States decreased from 6% to 5% in March, below expectations of 5.1%, as monthly inflation declined from 0.4% to...

Electric vehicles might collapse older multi-storey car parks, scientists warn.

Creative Media NewsTuesday, 11 April 2023, 12:000

Experts warn that the weight of electric vehicles could cause multi-story parking garages to collapse across the United Kingdom. Electric vehicles, which are approximately twice as heavy as conventional vehicles, could cause significant damage to parking garage floors, with older, neglected structures most at risk of collapsing. New recommendations for increased load-bearing capacities are currently...

The UK’s leading insurance broker warns that war claims will bankrupt the business.

Creative Media NewsMonday, 10 April 2023, 22:000

The chief executive officer of the largest insurance broker in the United Kingdom has warned that the industry will fail if compelled to cover the cost of claims resulting from Russia’s invasion of Ukraine. “We’d all go bankrupt” if insurers covered war expenditures, according to Howden Group CEO David Howden. The remarks were made as...

Last year, ebook sales plummeted after the outbreak.

Creative Media NewsSunday, 9 April 2023, 20:000

The previous year’s ebook sales were significantly lower than they were during the height of the pandemic. Nielsen BookData reports that digital book sales declined by 10% in 2022, while physical book sales declined by only 3%. Last year, British consumers purchased 348 million books worth £2.5 billion. This was, however, less than in 2020...

Has an energy titan started a new price war after 18 months of turmoil? Is it time to swap suppliers?

Creative Media NewsMonday, 3 April 2023, 12:000

Don’t transfer suppliers, has been the advice on energy bills for the past year and a half. It contradicts everything we have been told for the past 20 years, when switching providers frequently was the only way to avoid overpaying. Sky -Rising wholesale gas prices meant that providers like British Gas, Octopus, and Ovo could...

Dignity loses £275m as Britons cut funeral spending and group cuts prices.

Creative Media NewsSaturday, 1 April 2023, 20:000

Dignity, a provider of funeral services, has incurred a significant loss due to customers’ preference for cheaper services and intensifying competition, which has delayed market share expansion. The Birmingham-based company incurred a loss of £275.3 million in 2022, compared to a profit of £12.1 million in 2021, after incurring total impairment charges of almost £200...

Providence buys Hyve for £481m.

Creative Media NewsFriday, 17 March 2023, 12:000

Private equity has acquired another British firm ravaged by the pandemic. The US-based Providence Equity Partners has agreed to purchase event organizer Hyve for 108 pence per share, or £481 million. The transaction increased the value of the company’s shares, which are traded on the London Stock Exchange, by 10.4%, or 10.4p, to 110p. That...

Drivers with pets risk a £5,000 fine if they violate a little-known law.

Creative Media NewsMonday, 13 March 2023, 0:000

Dog owners have been warned that they could face fines of up to £5,000 if they violate obscure driving regulations. A survey found that more than one-third of British dog-owning motorists are oblivious to the Highway Code requirement. According to Rule 57, drivers are required to secure their canines using a harness, pet carrier, dog...

Transport tech firm you’ll love… Fast-growing Microlise helps JCB and its customers maintain vehicles more efficiently.

Creative Media NewsSunday, 26 February 2023, 16:000

JCB is a phenomenally successful British company. The company, which has its headquarters in the Staffordshire town of Uttoxeter, exports reliable diggers all over the globe. However, malfunctions do occur, and when they do, construction projects can be significantly delayed at a high cost. Microlise, a fast-growing technology firm, helps JCB and its clients maintain...

City trader sentenced to 14 years in jail for Libor rigging hopes hearing will overturn verdict.

Creative Media NewsSunday, 26 February 2023, 12:000

The term “ecosystem” refers to a group of people who work in the construction industry. Tom Hayes spent years in prison, at one point sharing a cell with a murderer, after becoming the first Briton convicted of manipulating Libor rates in 2015. The Serious Fraud Office (SFO) argued that Hayes, 43, was the “ringleader” of...

Eighties Fast Ford breaks auction marks at £596,250.

Creative Media NewsSunday, 26 February 2023, 8:000

This weekend, a 1980s Fast Ford collectible automobile sold at auction for a jaw-dropping £596,250, shattering all previous records. The 1987 Ford Sierra Cosworth RS500 obliterated its £150,000 to £180,000 pre-sale guide price on Saturday and sold for a winning bid that was four-and-a-half times higher than the previous world record amount paid for one...

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