What do we know about the next V12 Lamborghini?

Creative Media NewsFriday, 30 September 2022, 9:000

The final Lamborghini Aventador has rolled off the manufacturing line, concluding an 11-year production run of one of the company’s best-selling models and signaling the end of an era for its naturally-aspirated V12 supercars. A rare light blue LP870-4 Ultimate Roadster purchased by a Swiss customer was photographed leaving the plant in Sant’Agata Bolognese, Italy,...

Mitchells & Butlers, owner of All Bar One and Toby Carvery, says yearly energy bill is £150m and will grow again.

Creative Media NewsFriday, 30 September 2022, 8:000

Mitchells & Butlers, a pub operator, has warned that its yearly energy costs will nearly quadruple from pre-pandemic levels. The owner of All Bar One and Toby Carvery predicted that energy expenditures for the previous fiscal year would total £150 million, compared to £80 million for the year ending September 2019. In addition, it cautioned...

The sports car maker’s £67bn IPO is Germany’s second largest ever.

Creative Media NewsFriday, 30 September 2022, 7:000

Today, German sports car manufacturer Porsche’s shares began trading in Frankfurt, marking the second-largest listing in Germany’s history. Despite market volatility, Porsche AG shares began at €84, higher than the final price of €82.50 established at the upper end of its range, which valued the company at approximately €75 billion (£67.3 billion). At lunchtime, they...

Everyman’s boss is optimistic Britons will still go to the movies despite the cost-of-living crisis.

Creative Media NewsThursday, 29 September 2022, 10:000

Everyman Media Group claimed a reduction in its first-half losses, praised its “strong” customer base and stated that it expects to “at least meet” market expectations for the remainder of the year. The upscale cinema group’s pre-tax losses fell to £798,000 during the year, down from £9.2million the previous year, on revenues of £40.7million, up...

Burberry’s next creative director is Yorkshire-born Daniel Lee.

Creative Media NewsThursday, 29 September 2022, 9:000

Burberry has announced that Daniel Lee will succeed Riccardo Tisci as its new creative director beginning the next week. Tisci, 48, has presided over a revolutionary but turbulent period at the British apparel behemoth since becoming creative director four years ago. Before that, he held the same position at Givenchy for nearly a decade. Before...

Boohoo reduces outlook as return rates rise ‘significantly’, sales decline, and cost-of-living problem undermines customer demand.

Creative Media NewsThursday, 29 September 2022, 8:000

Boohoo has lowered its full-year outlook, citing deteriorating macroeconomic and consumer conditions, after reporting a 58% decline in first-half core earnings. The business, whose share price has fallen more than 87 percent this year and more than 10 percent today, said it now expects sales to fall during the entire 2022-23 fiscal year, with a...

Mortgage lenders abandon transactions out of concern that interest rates may rise.

Creative Media NewsTuesday, 27 September 2022, 18:000

After a decline in the value of the pound fueled projections of a substantial hike in interest rates, banks and building societies withdrew several mortgage deals. Virgin Money and Skipton Building Society have ceased offering mortgages to new customers, while Bank of Ireland has withdrawn all mortgages from the market. Halifax stated that it will...

Why have Jubilee Metals shares tripled while other miners struggled?

Creative Media NewsTuesday, 27 September 2022, 14:000

Why have shares of Jubilee Metals Group nearly tripled in the past two years, when the majority of other mining and commodities companies have struggled? True, the majority of this share price growth occurred in 2021 as opposed to 2022, which has been a year of robust consolidation. Even yet, in a market wary of...

Aldi promises ‘lowest grocery costs in the UK’ as the cost-of-living crisis grows and revenues fall.

Creative Media NewsTuesday, 27 September 2022, 12:000

Aldi executives have committed to prioritising lower pricing over short-term profitability as they warn that the cost-of-living problem for millions of households is “worsening.” The supermarket has pledged to offer the ‘lowest grocery pricing in the United Kingdom to assist customers struggling with rising electricity and petrol expenses. Last year, the British division of the...

How to start a podcast?

Creative Media NewsTuesday, 27 September 2022, 10:000

They say that everyone has a story to tell, and increasingly those stories are being spoken directly into the ears of podcast listeners – which, according to Ofcom, accounted for almost 25% of the UK’s adult population in 2021. If you have something to say, podcasting provides a simple, accessible, and inexpensive means of expression....

Government will lower pension fee cap to attract investment in innovative, high-risk UK enterprises.

Creative Media NewsSaturday, 24 September 2022, 16:000

By revising the 0.75 percent charge cap, Chancellor Kwasi Kwarteng has pledged to release billions of pounds of pension scheme investments in innovative UK companies. The restriction restricts how much pension providers can charge individuals who are automatically enrolled in their employer’s “default” fund. Unless they deliberately choose alternative assets within their scheme, this is...

Gilts plummet and currency sinks after Chancellor reveals borrowing surge and tax cuts.

Creative Media NewsSaturday, 24 September 2022, 14:000

As a result of Chancellor Kwasi Kwarteng’s mini-budget, the value of British government bonds has plummeted, as investors are frightened by sky-high spending commitments and huge tax cuts. Five-year gilts are on track for a record one-day decline, with yields rising 50 basis points, while two-year gilts are poised for their worst trading day since...

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