(qlmbusinessnews.com via uk.reuters.com — Tue, 15th Jan 2019) London, UK —
(Reuters) – Shares of British betting companies, which have been pushing into the United States market because of tighter regulations at home, fell after the U.S. Department of Justice called for wider restrictions on all gambling on the internet.
UK bookies such as William Hill Plc , Paddy Power Betfair Plc and 888 Holdings Plc fell between 1.5 percent to 7 percent on Tuesday after the U.S. regulator reversed its 2011 opinion that made only sports betting online illegal under the Wire Act.
The opinion bit.ly/2DaeEPX by the regulator's Office of Legal Counsel, dated Nov. 2, 2018 but disclosed only late on Monday, added that the new interpretation of the law's scope will likely be contested in courts.
UK gambling companies had been pulling off deals to move into the U.S. market after a U.S. Supreme court ruling in May took the United States a step closer to legal sports betting in numerous states, perhaps nationwide, rather than select states like Nevada – home to gambling capital Las Vegas.
GVC Holdings Plc in July agreed to set up an online betting platform in the U.S. with hotel and casino operator MGM Resorts. William Hill in September signed a 25-year sports betting deal with casino operator Eldorado Resorts Inc.
Peel Hunt analysts said in a note that the implications of the developments may not become clear until the U.S. government returns from a shutdown and perhaps until prosecutions start.
Boeing 777-300ER featuring the carrier’s newest and game-changing First Class product from Dubai (DXB) to Brussels (BRU). With floor-to-ceiling sliding doors, virtual windows, beds with zero-gravity position, and a sleek design inspired by Mercedes-Benz, Emirates’ new B777 First Class suites take luxury and privacy to the next level. As of now Emirates’ new First Class is only available on newly delivered B777-300ER aircraft which operate flights between Dubai and Brussels, Geneva, Vienna, Munich and London Stansed. It’s unclear if Emirates plans to retrofit its existing B777 and A380 fleet with the new First Class suites due to exorbitant costs (upwards of $30 million USD per aircraft). Also, it’s currently impossible to book the new Emirates B777 First Class suite with award miles and it’s not clear when that option will become available.
(qlmbusinessnews.com via uk.businessinsider.com – – Sat, 5th Jan 2019) London, UK – –
The world's longest zipline has opened in UAE. The “Jebel Jais Flight” measures over 1.7 miles long, beating the previous record holder “The Monster” which measures 1.5 miles. To put the length of the zipline into perspective, it's longer than the Golden Gate Bridge and the same length as 29 Big Bens stacked on top of each other. The zipline will send users at travel speeds of up to 90 mph, making it the ultimate thrill seeker experience.
In this video we'll try to answer the following questions: What's the most expensive home in Africa? Which are the most expensive homes in Africa? Which are the top 10 most expensive homes in Africa? How much is the most expensive home in Africa? How much are the top most expensive homes in Africa? How much is Aliko Dangote's home? How much is Mike Adenuga's home? How much is Folorunsho Alakija's home? Where are the most expensive homes in Africa?
(qlmbusinessnews.com via bbc.co.uk – – Fri, 28th Dec 2018) London, Uk – –
Music retailer HMV is poised to enter administration for the second time in six years, a move that would affect 2,200 staff at more than 120 stores.
HMV's sales have been hit by competition from streaming services and online retailers.
The BBC understands the company could appoint administrators as soon as Friday.
In 2013, HMV was taken over by Hilco, which specialise in restructuring companies.
Hilco bought 141 stores from the chain, in a deal worth about £50m.
The firm saw HMV host live events in store, with musicians including Kylie Minogue, Stormzy and The Darkness.
‘Sand not rocks'
Digital music revenue overtook sales of physical formats like CDs and records for the first time in 2012.
Since then, online shopping and downloads and streaming provided by platforms such as Amazon, Spotify and Netflix, have continued to eat into sales of physical music.
Julie Palmer, partner at business consultancy Begbies Traynor, says the fall of HMV has been “coming for many years”.
She added; “It has been revealed that the business turnaround has been built on a bed of sand rather than rocks.”
Richard Lim, Chief Executive, Retail Economics, said HMV's situation came amid a weak retailing climate: “Poor Christmas trading has claimed its first victim.”
While Christmas is normally a time of higher revenues for retailers, the number of shoppers hitting the post-Christmas sales dipped this year.
Britain's shops have also faced uncertainty over Brexit, which sparked a fall in the pound and therefore raised the price of imported goods, rising labour costs, higher business property taxes and unseasonably warm weather.
HMV, famous for its iconic logo featuring a dog and trumpet, is Britain's last surviving national music retailer.
It was launched by English composer Edward Elgar in 1921, selling gramophones, radios and popular music hall recordings.
(qlmbusinessnews.com via telegraph.co.uk – – Tue, 25th Dec 2018) London, Uk – –
Instagram appeal of aperitifs helps sell 42m bottles in UK, with summer figures rising by 56%
Liqueurs enjoyed a revival in 2018, with British people consuming 42m bottles at home or in pubs, bars and restaurants in an attempt to keep up with the social media cocktail craze.
UK shops recorded a bumper year for bottle sales over the 12 months to early September, helped by a summer heatwave that boosted the appeal of cocktails such as the Aperol spritz and herbal bitter Campari.
“This summer saw an explosion in popularity of herbal bitter liqueurs and red-orange aperitifs mixed with sparkling wine,” said the Wine and Spirit Trade Association (WSTA). “These drinks, served in pretty stem glasses, proved very Instagrammable, and consumers were keen to share their snaps of the vibrant, colourful cocktails on social media.”
After buying drinks at the almost 74% of UK bars that now serve cocktails across the country, consumers were increasingly keen to copy drinks enjoyed on a night out.
The latest figures released by the trade body show that shoppers expanded their drinks cabinet, resulting in a 56% rise in non-cream liqueur sales at UK shops and supermarkets over the 12 weeks to 8 September.
It means shoppers bought 4m bottles over the period, up 1.4m from a year earlier. The trend will have been welcomed by shops across the country, which sell a bottle for Aperol for about £10-£12. Campari’s range, meanwhile, can run up to £16 a bottle.
Cream liqueurs such as Baileys and Kahlua have also grown in popularity, with sales in shops and supermarkets jumping 33% over the 12-week period to early September, to about 1.7m bottles.
Miles Beale, chief executive of the trade association, said: “In the past liqueurs have often been overlooked in the spirits category, but the WSTA market report shows a surge in sales in the UK’s shops and supermarkets in 2018.
“This is partly down to Britain’s long, hot summer, when tall cocktails over ice were a welcome relief in the heatwave. But the liqueur boom has also been influenced by people sharing cocktail creation trends on social media, with consumers keen to recreate these drinks at home.”
Competition and the current U.S. economic situation are forcing Disney Parks to expand and raise prices. In 2018 Disney World raised its prices twice and switched to a dynamic pricing model. The new model prices out its early adopters in the middle class from peak park months.
(qlmbusinessnews.com via bbc.co.uk – – Mon, 17th Dec 2018) London, Uk – –
Swimwear designer Sian Gabbidon has been chosen as the winner of The Apprentice 2018 by Lord Sugar.
The 26-year-old, from Leeds, beat nut milk entrepreneur Camilla Ainsworth, 22, to win a £250,000 investment from Lord Sugar in her swimwear firm.
She said she was “absolutely over the Moon” and that the possibilities of their partnership were “endless”.
Lord Sugar said although it was a “crowded market” Gabbidon was “an expert” in her field.
It is Lord Sugar's first investment in a fashion business in the show's history.
Gabbidon said on Instagram that it had been a “rollercoaster” and she was “overwhelmed” but “very excited”.
She had predicted her victory in her audition, saying: “When Lord Sugar picks me as his business partner, we're gonna be in there like swimwear and we're gonna make a massive splash in the business”.
“I love what I do, I love fashion, and he's all about business – so to put us together is just going to be ridiculous, the possibilities are endless,” she said.
Runner-up Ainsworth said she would have loved to win, but had to give herself credit for being the youngest finalist in the history of the show.
In the final, Ainsworth and Gabbidon were joined by their former Apprentice colleagues in an intensive three-day challenge where they had to create a new brand for their company, produce an advert for the London Underground and edit a television advert.
After bringing their business plans to life, the finalists had to pitch it to a room full of industry experts and Lord Sugar at London's City Hall.
Afterwards, they all met in the boardroom where Gabbidon was crowned the winner.
“I think we do have the best two, there's no question of it,” said Lord Sugar before making his decision.
“I find you a big risk, a very, very big risk,” he told Ainsworth, while acknowledging she had chosen a “growing market”.
Announcing Gabbidon as the winner, he said she had “a great aptitude and a talent for design”.
Following the final, previous Apprentice winners tweeted their congratulations to the swimwear designer.
Viewers on Twitter also sent their congratulations, but some were divided on who they wanted to see crowned the winner.
Almost eight million people tuned into last year's final of The Apprentice where Sugar pulled out the ultimate plot-twist by partnering up with both finalists, Sarah Lynn and James White.
(qlmbusinessnews.com via theguardian.com – – Tue, 4th Dec 2018) London, Uk – –
Department for Transport also caps profit Go-Ahead Group can make from its contract
The introduction of new timetables in May led to cancellations and disruptions of of thousands of Thameslink services.
Govia Thameslink Railway will hold on to Britain’s biggest rail franchise but must spend £15m on passenger improvements after its “unacceptable performance” during the botched timetabling roll-out in May.
GTR will make no profit from the franchise in this financial year, and future profits will be capped until September 2021 when the franchise expires, the Department for Transport (DfT) said.
By striking a deal with GTR, the DfT has ignored calls to remove the franchise after the chaotic introduction of new timetables on 20 May, which led to cancellations and disruptions of of thousands of train services.
In a statement on Tuesday, the department said “a termination of the franchise would cause further and undue disruption for passengers and is not an appropriate course of action”.
GTR, which includes Thameslink, Great Northern, Southern and Gatwick Express, will contribute £15m towards “tangible improvements for passengers”, on top of the £15m the operator has spent on compensation for passengers since the May timetable disruption.
The DfT said GTR had agreed to work with the rail user groups representing Thameslink, Southern and Great Northern passengers, who will determine what improvements the new package will fund.
The deal comes after a scathing report by MPs on the transport select committee, who are demanding rail fares should be frozen for those passengers who were most affected by the disruption. On the first working day of the new timetable there were 423 cancellations.
The transport department said it would continue to monitor GTR’s performance closely, particularly during the timetable changes due to be introduced next week. “These measures do not make GTR immune from further sanctions in the event of any subsequent failure to perform,” the department added.
The GTR chief executive, Charles Horton, quit over the timetable chaos, and Network Rail executives forfeited annual bonuses for their role in the fiasco.
This video will try to answer some of the following questions:
• What are the best winter destinations in the world?!
• Where should I go for winter holiday?!
• What's the best winter resort in US?!
• What's the best winter resort in Europe?!
• What's the best place to ski, snowboards in Europe?!
• What's the best city to celebrate Christmas?!
• Where's the best Christmas Market?!
• Which country is best to visit in December?!
(qlmbusinessnews.com via bbc.co.uk – – Fri, 16th Nov 2018) London, Uk – –
Beyoncé has ended a business venture with Topshop boss Sir Philip Green by buying him out of Ivy Park, the gymwear label they founded together.
The pair launched Ivy Park two years ago, playing on the personal brand of the US singer and outspoken feminist.
The buyout comes weeks after Sir Philip was named as having taken legal action to prevent publication of allegations of sexual harassment of staff.
Sir Philip says he “categorically and wholly” denies the allegations.
However, Beyoncé had faced pressure from campaigners to cut ties.
In a statement on Thursday, Ivy Park said: “After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop – Arcadia will fulfil the existing orders.”
Ivy Park sells items such as hoodies and leggings, part of a trend towards so called athleisure.
Beyoncé and Sir Philip had both owned 50% stakes in the label, which is named after the singer's daughter with rapper Jay Z, Blue Ivy.
Sir Philip, one of Britain's best known businessmen, was named in parliament last month by Lord Hain as the man behind a court injunction preventing the publication of allegations of sexual harassment and racial abuse of staff.
In a statement last month, he denied having broken the law and said his businesses fully investigated employee grievances.
However, campaign Equality Now had called for Beyoncé to end her relationship with the tycoon, arguing it was at odds with her stated principles.
Yasmeen Hassan, from the campaign group, said in October: “Beyoncé has put herself forward as a women's rights activist. She and her team need to look closely at these allegations.”
Another activist, Nimco Ali, said: “Beyoncé should say ‘I don't want to work with Philip Green'.”
A representative of Sir Philip would not comment further on the Ivy Park deal, while Beyoncé could not be reached for additional comment.
(qlmbusinessnews.com via telegraph.co.uk – – Thu, 15 Nov, 2018) London, Uk – –
Bristol-based startup creating 24-hour production studios, where artists can record, live stream and share their music, has raised $20m (£15m), benefitting from growing demand among musicians for more control of their content.
Pirate Studios has raised the cash from venture capital firm Talis Capital, taking its total valuation to around $46m.
It has previously received backing from Eric Archambeau, an investor in Spotify, as well as partners at Hong Kong-based fund Gaw Capital.
The company operates the studios in a similar way to how The Gym Group runs its gyms, providing those using its sites with codes they can then use to unlock and access the studios.
Since it was founded in 2015, Pirate has grown to around 350 studios across the UK, Germany and the US. It had initially only offered recording studios, but now also has facilities for DJs and producers, and those using the sites can automatically record their content and live-stream it to social media platforms.
“We wanted to create studios that were more affordable, so we did this by opening up our sites for a 24-hour booking period per day,” said David Borrie, co-founder and CEO of Pirate Studios.
“And what most people don’t see is that we’re half construction company, half music studio company, so all our designs are effectively flat pack which we can build very quickly and, because we’re in industrial buildings, our rates can be cheaper.”
The latest fundraise comes amid growing interest in the music production space, with companies such as Spotify launching artist development programmes and allowing artists to upload their own music to the platform. Apple Music, meanwhile, in October took on staff from smaller business Asaii, which uses algorithms to predict which artists will be popular.
Spotify and Apple Music have been battling for market share in music streaming space, although Spotify, which launched first, is still thought to be well ahead. In May, Apple’s subscription service had 50 million active users, while Spotify has around 87 million paying subscribers and 110 million unpaid users.
“Interestingly the Spotifys and the Apple Musics are doing a great job in pushing bands and artists to record their content and either they pay to record their own content or they have a label paying for them,” Mr Borrie said.
“But we’re really more at the grass roots, so we’re looking at the artists who are trying to make it. They are just starting their journey or trying to push on to that next level, where they can then go up, record or start producing material which can go on to the likes of Spotify or Apple.”
“As to whether Spotify or Apple would ever be interested in having their own studios, from our perspective we want to make it so that we’re not pushing artists down one particular channel. We want to give artists as much choice as possible and by entertaining discussions with any particular provider in terms of how their music is distributed it would be pigeonholing ourselves,” he said.
“I guess maybe at some point these companies might want to look at stuff that's more in the grass-routes area, but we're very happy with the support we give those artists at the moment and we'll try to continue that choice and freedom.”
Most of us presume proposing with a diamond engagement ring is just part and parcel of getting married, but this tradition hasn't actually been around all that long. It was dreamt up by some smart advertising and has since changed the entire diamond market.
(qlmbusinessnews.com via telegraph.co.uk – – Fri, 9th Nov, 2018) London, Uk – –
Walt Disney has revealed that its planned television streaming service is going to be called Disney+ and confirmed that it would be showing television shows spun off from the Marvel Cinematic Universe.
Speaking on an earnings call chief executive Bob Iger said that a TV series about the Marvel character Loki is in development for the service, featuring the actor Tom Hiddleston.
There will also be TV shows based on the Star Wars franchise and other Disney movies including Monsters Inc and High School Musical.
The planned family oriented streaming service is going to be a direct competitor to the streaming superpower Netflix, which said last month that it had 135m subscribers paying monthly fees.
Beginning in 2019, all of Disney's movies will be removed from Netflix as the two companies prepare to compete for subscribers.
To help it bulk up its web-based programming ahead of the looming faceoff Disney is buying 21st Century Fox’s entertainment assets in a $71.3bn deal.
The acquisition, which include Marvel’s X-Men and Avengers franchises, was approved by European Union authorities earlier this month.
Ahead of the earnings call, Disney reported a record annual profit of $12.6bn.
Fourth quarter earnings beat analyst estimates, with the studio-entertainment division and theme park unit driving profit growth.
Films including “Ant-Man and the Wasp” and “Incredibles 2” helped to more than double movie earnings during the quarter.
The California-based company’s theme parks and resorts benefited from a busy summer season and saw profit rise by 11pc.
Disney said its ESPN cable network continued to shed subscribers as viewing moved to digital platforms.
To counter that ongoing shift, Disney this year released a streaming service called ESPN+ with live college sports, documentaries and other programming that does not run on television.
Brown ballet shoes are to be made for the first time in the UK in a move hailed as “historic” for diversity. Dancers from minority ethnic backgrounds can now get pointe shoes in both bronze and brown instead of traditional pink to match their skin tone. The footwear is made by Freed of London – Britain's oldest manufacturer of ballet kit. Cassa Pancho, founder and artistic director of Ballet Black, a professional company of black and minority ethnic dancers, hailed the news as marking an “historic moment” in British ballet.