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Search resuls for: "Muvija M"

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REUTERS/Dylan Martinez/File PhotoBritish online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits. CMC, which facilitates the trade of complex financial instruments, raised its outlook multiple times this year as a retail trading boom fuelled volumes. Rivals IG (IGG.L) and Plus500 (PLUSP.L) have also reported strong results, powered partly by the "GameStonk" retail trading phenomenon. read more'UNDERCUT THE MARKET'The GameStonk effect has been most visible in the United States, where online brokers such as Robinhood have thrived on the back of a retail trading boom. The company did not disclose further details on its planned wealth platform, first reported by Sky News, but Cruddas was confident of its prospects.
Persons: Dylan Martinez, Hargreaves, AJ Bell, Peter Cruddas, David Fineberg, Cruddas Organizations: CMC Markets, REUTERS, CMC, Reuters, Rivals, GameStop, Sky News, Thomson Locations: London, Britain, United States
Bloomsbury sees cookbook, novel sales climb further amid pandemic
  + stars: | 2021-06-02 | by ( Muvija M | ) + 0.96   time to read: +2 min
(Reuters) -Bloomsbury said on Wednesday a renewed love for reading during the pandemic was here to stay, as the Harry Potter publisher predicted continued strong earnings from higher sales of cookbooks and fantasy novels. REUTERS/Neil HallLondon-based Bloomsbury has upgraded its targets multiple times this year, thanks to what it called “an exceptional sales performance” in its consumer division for both adult and children’s publishing. As the pandemic recedes, we will never return to exactly the world we had before.”Profit before tax and highlighted items rose to 19.2 million pounds ($27.17 million) in the 12 months to Feb. 28 from 15.7 million pounds, with revenue jumping 14% to 185.1 million pounds. Bloomsbury also expects fiscal 2021-2022 results to be comfortably ahead of market estimates, which call for revenue of 177.5 million pounds and profit of 17.4 million pounds. Some of Bloomsbury’s other top titles include “Court of Silver Flames,” a fantasy novel by Sarah J Maas.
Persons: Harry Potter, Neil Hall, , Nigel Newton, ” AJ Bell, Danni Hewson, Newton, Sarah J Maas Organizations: Reuters, Bloomsbury, REUTERS, Neil Hall London, “ Bloomsbury, , Silver Flames Locations: London, Britain
(Reuters) -Cineworld said on Monday its UK reopening weekend had topped expectations as animated comedy “Peter Rabbit 2” drew crowds after months of lockdown, in a promising sign for the cinema industry ahead of the release of summer blockbusters. FILE PHOTO: People walk past a Cineworld in Leicester's Square, amid the coronavirus disease (COVID-19) outbreak in London, Britain, October 4, 2020. The strong weekend is an encouraging sign for Cineworld, which in March sunk to its first-ever loss as the pandemic closed cinemas and disrupted movie releases across the world. Greidinger said he expected a strong performance next week too, helped by Walt Disney’s “Cruella” and Paramount thriller “A Quiet Place 2”. Cineworld, which has 9,311 screens globally, said it had received the full $203 million tax refund under the U.S. government’s coronavirus relief program for companies.
Persons: Cineworld, Peter Rabbit, Henry Nicholls, , Mooky Greidinger, Greidinger, Walt Disney’s, Marvel’s, James Bond, Christopher Nolan’s “ Tenet Organizations: Reuters, REUTERS, Regal, Paramount, Hollywood, U.S Locations: Leicester's, London, Britain, U.S, India
Looming staff shortages set to stretch reopened British pubs
  + stars: | 2021-05-21 | by ( Muvija M | ) + 0.00   time to read: +3 min
British pubs and restaurants reopening after months of lockdown are facing a potential staffing crunch as they look to serve more hungry and thirsty customers over the warmer summer months. "The issues are more about Brexit and the shortage of EU labour," he added as the company, which operates around 1,500 pubs, announced results this week. The pinch point will be in finding workers for the back of house, which typically includes kitchens, offices, and storage rooms, Urban added. Rival pubs group Wetherspoon (JDW.L) said it was looking for a mix of bar or kitchen workers and front of house staff across its 870 pubs. Vacancysoft expects vacancies in front of house, including waiters and waitresses, or other service roles, to hit record levels if pandemic travel restrictions continue.
Persons: Ralph Findlay, Vacancysoft, Phil Urban, Urban, James Chaplin Organizations: Reuters, Butlers, Mitchells, European Union, EU, Thomson Locations: Britain
Holiday Inn owner sees busy U.S. summer as demand returns
  + stars: | 2021-05-07 | by ( Muvija M | ) sentiment -0.98   time to read: +2 min
The Holiday Inn Express is seen in St Julian's, Malta, April 13, 2018. REUTERS/Darrin Zammit LupiHoliday Inn owner IHG (IHG.L) said on Friday demand was coming back strongly and forecast a busy U.S. summer season as travellers take advantage of an easing of coronavirus lockdowns. IHG, which also owns the Crowne Plaza brand, said there was a notable pick-up in March, particularly in the United States and China, which had carried on into April. FED UP OF BEING COOPED UPIHG's UK rival Whitbread also forecast last month a significant bounce in demand this summer as more Britons holiday closer to home. He forecast demand for rooms in some U.S. locations would be greater than the availability this summer.
Persons: Darrin Zammit, IHG, Keith Barr, Paul Edgecliffe, Johnson, Edgecliffe Organizations: REUTERS, Crowne Plaza, UP, Whitbread, Thomson Locations: St Julian's, Malta, United States, China, Greater China, India
Britons reassess retirement as pandemic upends priorities
  + stars: | 2021-05-04 | by ( Muvija M | ) + 0.00   time to read: +3 min
May 4 (Reuters) - The COVID-19 pandemic, which has killed more than 127,000 Britons, is making people rethink their retirement and long-term savings plans, an added boon for money managers who are already benefiting from a record-setting recovery in financial markets. “This pandemic has just accelerated things, whether out of necessity or desire.”In the first few months of the pandemic last year, investors were hit hard by a collapse in financial markets. While some have used the money for big-ticket purchases like cars and homes, others are salting it away. In any case, people are now talking more about their retirement plans, wealth managers said. “It could be that in 12 months’ time everyone has forgotten it and they have moved on.
Persons: , , Rosie Hooper, Quilter, Sarah Coles, Hargreaves, ” Coles, Tom Selby, AJ Bell, Andrew Croft, ” Croft, Muvija, Sayantani Ghosh, Saumyadeb Organizations: Investment, St Locations: James’s, Bengaluru
LONDON (Reuters) -Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements with two major investors. About $500 million would be raised by issuing new shares, it said, and existing investors would also offer stock. ARM was sold to Japan's Softbank 9984.T in 2016 for $32 billion pounds, 18 years after it listed in London. Last year, Softbank agreed to sell ARM to Nvidia NVDA.O in a $40 billion deal that is being scrutinised by Britain. It will join cybersecurity firm Darktrace in going public, and will follow Deliveroo, whose IPO flopped last month.
Persons: Janus Henderson, Tony Pialis, , Softbank, John Lofton Holt, Lofton Holt, , Alphawave, Morgan Organizations: Cambridge, ARM, Nvidia NVDA.O, Samsung, Intel, London, , Barclays, J.P, BMO Capital Markets Locations: Toronto, London, BlackRock, Cambridge, Britain, New York, Europe, U.S
Ladbrokes owner suffers as shop closures eclipse online boom
  + stars: | 2021-04-15 | by ( Muvija M | ) sentiment -1.00   time to read: +1 min
FILE PHOTO: A closed Ladbrokes is seen in Manchester, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, June 12, 2020. REUTERS/Jason Cairnduff(Reuters) -British gambling group Entain reported a drop in total net gaming revenue for the first quarter on Thursday, as a hit from shop closures outweighed a surge in online betting during coronavirus lockdowns. The FTSE 100 company, which owns the Ladbrokes and Coral brands, said total net gaming revenue fell 13%, even as online revenue leapt by a third. “There are competing leisure activities, with restaurants and cinemas opening up,” Chief Financial Officer Rob Wood told Reuters. It typically attracts customers who don’t necessarily have an online gambling app on the phone,” Wood said.
Persons: Jason Cairnduff, Rob Wood, ” Wood, Hargreaves, Laura Hoy, , Organizations: REUTERS, FTSE, Reuters, Britain’s, MGM Locations: Manchester, Britain, British
Cineworld seeks room to raise more debt after $3 billion loss
  + stars: | 2021-03-25 | by ( Muvija M | Chris Peters | ) + 0.00   time to read: +2 min
(Reuters) - Cineworld will ask shareholders to approve an increase in its debt ceiling next month after the pandemic-stricken cinema group plunged to a $3 billion loss last year. Its shares tumbled 9% to 94 pence in early Thursday trading, the worst performance on the UK mid-cap index. Cineworld’s net debt at the end of 2020 was $8.32 billion, more than four times its current market value. SUPERHERO EFFORT“Crawling back to profitability after such a big hit will require almost superhero levels of effort,” Hargreaves analyst Susannah Streeter said. Adjusted for one-off items, Cineworld’s 2020 loss was $1.33 billion, compared with analysts’ average forecast for a $1.29 billion loss, according to Refinitiv data.
Persons: coronavirus lockdowns, James Bond, Kong ”, ” Hargreaves, Susannah Streeter Organizations: Reuters, Regal Cinemas, Revenue Locations: Britain, China, Japan, Australia, London
Cineworld seeks to beat pandemic blues with Warner Bros. deal
  + stars: | 2021-03-23 | by ( Muvija M | Chris Peters | ) + 0.00   time to read: +2 min
“We are very happy for the agreement with Warner Bros. This agreement shows the studio’s commitment to the theatrical business,” Chief Executive Mooky Greidinger said. With capacity limits rising to 50% or more across most U.S. states, Cineworld will be able to operate profitably in its biggest markets, he said. Analysts on average have estimated Cineworld’s 2020 loss at $1.29 billion when it reports results on Thursday, Eikon data from Refinitiv shows. Markets will also focus on Cineworld’s finances, with its debt-pile having crossed $4 billion last June.
Persons: Kong, AMC’s, James Bond, Mulan ”, Enola Holmes ”, Mooky Greidinger, Cineworld Organizations: Reuters, Regal, Warner Bros, Netflix, Cineworld, Canadian Locations: U.S, United Kingdom
Cineworld seeks to beat pandemic blues with Warner Bros deal
  + stars: | 2021-03-23 | by ( Muvija M | Chris Peters | ) + 0.00   time to read: +2 min
FILE PHOTO: Signage is seen outside a Cineworld cinema following the outbreak of the coronavirus disease (COVID-19) in Manchester, Britain, October 4, 2020. AT&T-owned Warner Bros said in December that for 2021 it would release films at the same time to theatres and on its streaming service HBO Max. Cineworld shares were down 7% at 1100 GMT, however, with analysts noting the Warner Bros deal was still just half of the traditional 90-day exclusivity enjoyed by cinemas. The deal is the latest sign of how cinemas and flourishing streaming platforms might co-exist in a post-pandemic world. “This (Warner Bros) agreement shows the studio’s commitment to the theatrical business,” Cineworld CEO Mooky Greidinger said.
Persons: Kong ”, Cineworld, Phil Noble, AMC’s, HBO Max, , Mooky Greidinger, Cinemark, Greidinger, Peel Hunt Organizations: Reuters, Warner Bros, REUTERS, HBO, Comcast, Universal Pictures, Universal, AMC Locations: Manchester, Britain
* Tastytrade deal is IG’s biggest to date* IG shares down in early trade* Deal comes as IG posts surge in H1 profits (Adds details from statement, background on trading)Jan 21 (Reuters) - Britain’s IG said it plans to buy U.S. trading platform tastytrade for $1 billion, venturing into North America after a stellar year for the new breed of retail investment brokerages. IG, which dates back to 1974, said on Thursday that tastytrade shareholders will get $300 million in cash and 61 million IG shares, valued at $700 million, in the London-listed company’s biggest deal to date. News of the planned acquisition, part of June Felix’s diversification strategy since becoming IG Chief Executive in late 2018, saw IG shares fall 2.3% by 0812 GMT. Half of the cash portion of the purchase would be funded through company resources and the rest through new debt facilities, IG said. The retail share trading boom seen in 2020 has not shown any signs of waning in 2021.
Persons: IG, Joe Biden, Janet Yellen, Elon Musk, , Tom Sosnoff, Indranil Sarkar, Muvija, Krishna Chandra Eluri, Patrick Graham, Alexander Smith, Sinead Cruise Organizations: IG, CMC Markets, YouTube Locations: North America, United States, London, United, Massachusetts, Bengaluru
Blackstone, Gates team up for Signature Aviation bid as Carlyle circles
  + stars: | 2021-01-08 | by ( Muvija M | ) sentiment -1.00   time to read: +2 min
(Reuters) - Blackstone won over Signature Aviation’s biggest shareholder Bill Gates for a possible $4.3 billion bid for the British private jet servicing company, going head-to-head with another potential suitor Carlyle. REUTERS/Brendan McDermidBlackstone’s agreement with Gates’ Cascade Investment Llc for its planned offer announced on Friday comes just hours after Signature confirmed an initial takeover approach from Carlyle. The company said last month it was minded to recommend the Blackstone proposal. Signature Aviation has said this was Blackstone’s sixth proposal, its first being in February last year. Blackstone said the terms of its agreement with Cascade meant Cascade will vote against any competing proposal after a firm bid is made Blackstone.
Persons: Blackstone, Bill Gates, Carlyle, Brendan McDermid, Brown, Signature, Jan Organizations: Reuters, Signature, Blackstone Group, New York Stock Exchange, REUTERS, Investment, Carlyle ., Aviation, Signature Aviation, Brown Bidco, Blackstone, Cascade, Global Infrastructure Partners Locations: British, Carlyle . Blackstone, London, Cascade
FCA fines Charles Schwab UK for failing to protect client assets
  + stars: | 2020-12-21 | by ( Muvija M | ) sentiment -1.00   time to read: +2 min
(Reuters) -Britain’s financial watchdog has fined U.S.-listed Charles Schwab’s UK business 8.96 million pounds ($11.88 million) for failing to protect client assets, likening it to missteps taken by Lehman Brothers before the 2008 financial crisis. REUTERS/Chris HelgrenThe Financial Conduct Authority (FCA) said the penalty was for Charles Schwab UK Ltd (CSUK) carrying out a regulated activity without permission and making a false statement to the watchdog. The regulator said CSUK neither had the right records and accounts to identify its customers’ client assets, nor did it have adequate organisational arrangements to safeguard them. The firm falsely informed the FCA that its auditors had confirmed it had adequate systems and controls in place to protect client assets, the watchdog said, adding there was no actual loss of client assets. CSUK agreed to settle the case and qualified for a 30% discount, without which the penalty would have been 12.8 million pounds, the FCA added.
Persons: Charles Schwab’s, Lehman, Chris Helgren, Charles Schwab, , Mark Steward, ” CSUK, CSUK Organizations: Reuters, U.S, Lehman Brothers, Conduct Authority, REUTERS, Charles Schwab UK Ltd, FCA Locations: Canary Wharf, London
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