INSIDER's Emily Christian heads to the Plaza Hotel to find out why young professionals are seeking out etiquette classes. She meets with expert Myka Meier, the founder of Beaumont Etiquette, who teaches Emily the graces of a duchess and explains why etiquette is more important today than ever. Does Emily have what it takes to act like a royal for the day?
The headphone jack has a long legacy in the audio world. So when Apple decided to exclude it from the iPhone 7, consumers were up in arms. In the years since, Samsung has been a champion for those who still wanted the headphone jack Samsung even went so far as to run a headphone jack commercial mocking Apple. But with the release of the Galaxy Note 10, it too has forgotten the decades-old technology. Did Samsung prove Apple right by killing the headphone jack?
Netflix, Hulu, Amazon Prime Video and others are about to come head-to-head with the likes of Disney Plus, Apple TV Plus, HBO Max and CNBC's parent company, NBCUniversal. It's been dubbed the streaming wars. In 2017, 61% of adults 18 to 29 said they primarily watch TV through a streaming service, compared to just 31% who watched cable. So who's going to win, what's going to happen to cable, and how much will it cost customers? Watch the video to find out.
(qlmbusinessnews.com via theguardian.com – – Fri, 23rd Aug 2019) London, Uk – –
UK-listed firm is latest to be targeted by a foreign buyer since pound weakened amid Brexit fears
Hasbro, the US toymaker behind My Little Pony and Play-Doh, has snapped up the Peppa Pig owner, Entertainment One, in a £3.3bn takeover.
The deal, which sent Entertainment One’s share price soaring by 30% in early trading on Friday, marks the latest UK-listed company to be targeted by a foreign buyer since the dramatic weakening of the pound over fears of a no-deal Brexit.
Earlier this week Hong Kong’s richest family bought the 220-year old pub and beer company Greene King in a £4.6bn deal. Last month the US private equity group Advent International agreed a £4bn buyout of the UK aerospace and defence supplier Cobham and the Netherlands-based Takeaway.com agreed a £5bn takeover of the UK-listed food delivery rival Just Eat. In June, Merlin, which operates attractions including Alton Towers, Madame Tussauds and Legoland, was taken private by a consortium including the family that controls the Lego toymaking empire.
The deal, the biggest in Hasbro’s history, is more than three times the amount ITV offered in an aborted takeover attempt three years ago.
Entertainment One distributes TV shows including The Walking Dead and films such as the Twilight and Hunger Games series, and its recent film productions include the Oscar winner Green Book.
However, among its most-prized assets are its children’s brands, including the fast-growing PJ Masks and Ricky Zoom.
The crown jewel is Peppa Pig, the muddy-puddle-loving pre-school character, which has become a multibillion dollar global brand spanning TV, merchandise and theme parks popular from the US to China. Entertainment One struck a co-ownership deal with the UK producer of Peppa Pig, Astley Baker Davies, in 2004 and moved to take control in a £140m deal in 2015.
“The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro’s portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling,” Hasbro’s chairman and chief executive officer, Brian Goldner, said.
Entertainment One will join a stable of products owned by Hasbro – which has a market value of more than $14bn – including Monopoly, Power Rangers, Transformers and Nerf.
“There’s a strong cultural fit between our two companies,” said Darren Throop, the chief executive of Entertainment One. “Hasbro’s portfolio of integrated toy, game and consumer products will further fuel the tremendous success we’ve achieved at eOne.”
The Flintstone House is an eccentric house in Hillsborough, California. It was designed in 1976 by William Nicholson and most recently purchased by Florence Fang in 2017 for $2.8 million. Large dinosaur statues and other Flintstone-themed artwork cover the front and back yards. Town officials from Hillsborough sued Florence Fang, stating that her property doesn't comply with the community's code.
Sneaker Con co-founder Yu-Ming Wu and Hayden Sharitt, a 21-year-old resale business owner, take us inside the industry where some sellers make millions of dollars on pre-owned shoes, as they attend a sneaker trading show in Cleveland.
This is the ultimate must-try food bucket list. From burgers dipped in cheese to classic NY cheesecakes to edible cookie dough, here are 42 foods you have to eat before you die and where you can try them.
Anna Wintour, Editor-in-Chief of Vogue and Artistic Director at Condé Nast, joins Tina Brown, founder and CEO of Tina Brown Live Media/Women in the World, for a revealing conversation on fashion, motherhood, and politics.
We take a look at 14 hotels and resorts in different countries featuring romantic or unique experiences to share on a honeymoon. You and your partner can have a private lunch in the water in the Maldives, climb a cliff up to your room in Peru, or jump into a lavish flower pool at your villa in Thailand.
(qlmbusinessnews.com via bbc.co.uk – – Fri, 2nd Aug 2019) London, Uk – –
Two package holiday firms have collapsed, affecting more than 50,000 travellers.
Malvern Group, which incorporates Manchester-based Late Rooms and York-based Superbreak Mini Holidays, known as Super Break, has ceased trading.
The group said Super Break hotel-only holidays would be cancelled and people currently on holiday might have to pay again.
It said it “anticipated” bookings through Late Rooms would be secure.
Malvern Group said those on package holidays would be protected by the travel association Abta.
But vouchers and tickets for entertainment, attractions or the Incredible North Iceland Charter were no longer valid, it said.
Late Rooms, acting as an agent, had not taken money for bookings, which would be payable to the accommodation supplier direct, the company said.
‘Vast majority' covered
Malvern said its contact centre had closed and it intended to appoint administrators on Friday.
It advised customers to contact Abta, their travel agent or their credit card provider for further help.
Abta has issued advice for customers of Super Break, but said it did not cover Late Rooms.
In a statement, it said the “vast majority” of Super Break holidaymakers' arrangements would be covered through Abta, Atol or their credit card companies.
“These customers will either be entitled to a refund or, if they've booked through another travel company, they should contact them to discuss options which may include continuing with their booking, re-booking or alternative arrangements,” it said.
Super Break has about 250 employees and had approximately 20,000 bookings, involving about 53,000 people.
About 400 customers are currently on holiday.
Abta suggested rail, coach or Eurostar tickets might be valid for travel. Rail company LNER said it would honour all existing tickets.
(qlmbusinessnews.com via theguardian.com – – Mon,29th July 2019) London, Uk – –
British firm joins Dutch rival to form one of the world’s biggest online food delivery companies
Just Eat is merging with its Dutch rival Takeaway.com in a £9bn deal that will create one of the world’s biggest online food delivery companies.
The two companies have reached an agreement in principle on the key terms of an all-share deal in which the Amsterdam-based company will acquire Just Eat at 731p a share, valuing the British firm at £5bn.
The combined group had 360m orders worth €7.3bn (£6.6bn) in 2018 and strong positions in the UK, Germany, the Netherlands and Canada.
Shares in Just Eat jumped 25% to 794.28p on the news.
Just Eat shareholders will receive 0.09744 Takaway.com shares for each Just Eat share and will own 52.2% of the combined group. It will be headquartered in Amsterdam and listed on the London Stock Exchange, with a “significant part of its operations” in the UK.
Takeaway.com’s boss, Jitse Groen, is to become chief executive of the new company. It will be chaired by the Just Eat chairman, Mike Evans, while the Takeaway.com chairman, Adriaan Nühn, becomes vice-chairman. The Just Eat chief financial officer, Paul Harrison, will take on the same role for the combined group, and its interim chief executive, Peter Duffy, will leave.
Groen has described the UK as one of the best three markets in Europe, along with the Netherlands and Poland. Takeaway.com was founded in 2000 and operates in 10 European countries as well as Israel and Vietnam but does not have a presence in the UK. The two companies have little geographical overlap apart from Switzerland.
Analysts at Barclays said: “Just Eat shareholders would be getting the best operator in the space to run the business – a notable shift from missed execution from management in the last few years.”
There has been a flurry of deals in the fast-growing online food delivery market, with competition heating up from Uber Eats and Deliveroo. Just Eat bought UK firm HungryHouse in January 2018, and in December Takeaway.com acquired Delivery Hero’s food delivery business in Germany.
The Canaccord analyst Nigel Parson said: “It is a possibility that Delivery Hero could table a rival bid.”
Just Eat has come under pressure from its activist shareholder Cat Rock Capital to merge with Takeaway.com, in which the US hedge fund also holds a stake.
Just Eat gained more than 4 million customers last year across Europe, Canada, Brazil, Australia and New Zealand. Its revenues are expected to top £1bn this year. It made a pretax profit of £101.7m last year, following a £76m loss in 2017. It will publish first-half results on Wednesday.
In 2018, Just Eat had 26.3m customers while Takeaway.com had 14.1m, Just Eat had 221m orders versus Takeaway.com’s 94m; Just Eat’s revenue was £780m versus Takeaway.com’s €232m; and Just Eat’s underlying profit (Ebitda) was £180m versus an adjusted loss of €11m for Takeaway.com.
Launched by five Danish entrepreneurs in 2001, Just Eat originally linked customers to restaurants that handled their own deliveries. Its former chief executive Peter Plumb, who left suddenly in January, upgraded its technology and launched its own delivery service but he came under fire from Cat Rock and other shareholders after his investment drive slowed earnings growth.
The Principality of Monaco and its famous Rock have something to dream about and it is real. The prestige and reputation of this attractive territory extends well beyond its borders. For the moment, we drop our luggage and enter one of the flagship hotels of the Société Bains des Mer, the Hotel Hermitage Monte Carlo. It is one of the most intimate palaces of the Principality.
Vespas are more than just scooters. Over the years, they have become an icon of Italian culture and of the made in Italy itself. They have been featured endlessly on the big screen in movies like Fellini's “La Dolce Vita” or “Roman Holiday” with Audrey Hepburn.
(qlmbusinessnews.com via uk.reuters.com — Thur, 4th July 2019) London, UK —
The cut in the maximum stake to 2 pounds ($2.62) followed complaints that the machines, which had allowed gamblers to bet up to 100 pounds every 20 seconds, were highly addictive and allowed players to rapidly lose large sums of money.
William Hill, which last year warned that about 900 shops could be shut as a result, said on Thursday it had suffered a significant fall in gaming machine revenues since the change was introduced in April, adding that the closures were likely to begin before the end of the year.
The British government had rejected industry suggestions when it brought in the stake cut that such a big reduction in the maximum stake could cost thousands of jobs.
Rival GVC Holdings (GVC.L) has warned the restrictions would lead to the closure of up to a 1,000 shops and cut its 2019 core profit by about 135 million pounds ($170 million).
William Hill’s retail business has about 2,300 licensed betting shops and is its largest division, generating 56% of its net revenue in 2018 and employing around 12,500 people in Britain, which accounts for about 90% of its business.
The company said in January that it would remodel its retail business after performance at it was hit by tighter regulations, particularly on lucrative FOBTs.
In May William Hill, which has betting shops, sports books and online and mobile channels in eight countries, said that UK retail gaming net revenue was down 15%.
William Hill’s Chief Executive Officer Philip Bowcock had earlier said that the introduction of the 2 pound stake limit was in line with expectations and that the company was confident in its plan to manage the change.
(qlmbusinessnews.com via bbc.co.uk – – Fri, 28th June 2019) London, Uk – –
In the words of the film, everything appears to be “awesome” in the world of Lego as it expands its empire by snapping up Legoland and Madame Tussauds owner Merlin Entertainments
The Danish billionaire family that controls the Lego toy firm, with other investors, is paying £4.8bn for Merlin.
Kirkbi Invest says it has the money and experience to “realise the company's potential to grow”.
Merlin also owns the London Eye, Alton Towers and Chessington Adventures.
Kirkbi already owns almost a third of the shares in Merlin Entertainments, and says it does not expect the deal to lead to any significant changes.
All existing Merlin attractions in the UK will remain open and it has no plans to sell any part of the business, it said.
Kirkbi chief executive Søren Thorup Sørensen said the group wanted to help the firm reach its “full potential, which we believe is best pursued under private ownership”.
“With a shared understanding of the business and its culture, we believe that this group of investors has the unique collective resources necessary to equip Merlin, for their next phase of growth,” he added.
Private equity firm Blackstone – part of the investment group – said it had the “substantial resources” required to support Merlin's long-term plans “which will require significant investment to ensure its long-term success”.
Merlin is the second-largest operator of visitor attractions globally with more than 130 attractions in 25 countries. It said it had already rejected several approaches.
The move comes just weeks after activist shareholder ValueAct Capital, which holds a 9.3% stake in Merlin, called on the company to find a private buyer.
The sale means that Merlin's shares will be delisted from the London Stock Exchange, which it floated on six years ago.
The offer price of 455p a share values Merlin's share capital at £4.77bn, but the deal also includes £1.2bn of debt giving the group an enterprise value of just under £6bn.
Merlin chairman Sir John Sunderland said its board unanimously recommended the deal to the company's shareholders.
“The company has generated meaningful value since its IPO (Initial Public Offering), with significant growth in revenue, earnings and cash flow.
“The Merlin independent directors believe this offer represents an opportunity for Merlin shareholders to realise value for their investment in cash at an attractive valuation.”
Merlin has faced some high-profile struggles, including a crash in 2015 at one of its Alton Towers rollercoaster which injured 16 people. Visitor numbers to its attractions were also hit by the terror attacks in London and poor weather which led to a profits warning in 2017.
Hargreaves Lansdown analyst George Salmon said the firm's recent troubles meant the price agreed for the deal was lower than it would have been two years ago.
“For the new owners, the move is motivated by a desire to remove the company from the daily scrutiny of the public markets, and focus on longer-term investments,” he said.
(qlmbusinessnews.com via bbc.co.uk – – Wed, 19th June 2019) London, Uk – –
The UK's biggest gambling firms are offering the government a significant increase in the money they contribute to tackling problem gambling.
The owners of William Hill, Coral Ladbroke, Betfair Paddy Power, Skybet and Bet 365 will offer to increase the voluntary levy on their gambling profits, the BBC has learnt.
They have offered to up the levy from 0.1% to 1% over the next five years.
The new level would eventually raise £100m per year for gambling charities.
Last year, the voluntary levy raised £10m.
The firms made the pledge in a letter to the Department for Media Culture and Sport seen by the BBC.
The Gambling Commission recently said the need for more staff, research and treatment required an annual contribution from the industry of £70m.
The firms said they would also consider increasing the amount of safer gambling messaging and reviewing the “tone and content” of its advertising.
The pre-emptive offer is part of an effort by the industry to improve its image after what insiders acknowledge was a reputation-damaging battle over Fixed Odds Betting Terminals which eventually saw the maximum stake in any one spin reduced from £100 to £2.
‘Industry on a precipice'
One source told the BBC that “the industry is on a precipice – if we don't get ahead of this we will end up where the alcohol industry was ten years ago and tobacco thirty years ago. The fear is that we face a ban on touchline advertising or football shirt sponsorship”
The gambling firms have already agreed to a voluntary “whistle to whistle” ban on advertising during sporting events from August of this year.
In an extract of the letter to Jeremy Wright, the firms say that as companies representing half of the gambling industry, “we are committing to collaborate to address gambling-related harm with the priority of protecting the young and vulnerable.”
Labour Deputy leader Tom Watson has described Britian's “gambling epidemic” as a public health crisis as it can lead to debt, loneliness and suicide.
He has called for all gambling firms to be forced to reapply for their licence to review their commitment to corporate responsibility. He has also recommended the establishment of a gambling ombudsman to provide redress for customers who are treated poorly.
A recent report published in the British Medical Journal found that the economic and social harms of problem gambling have been underestimated.
The gambling commission estimates there are 430,000 people with a serious gambling addiction in the UK. If you include those they deem at risk of addiction the number rises to over two million
Telecom titan Comcast is investing $50M dollars in a new esports stadium located in the center of the Philadelphia sports complex. But that’s just the beginning of their plan to build a global esports empire.