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Communication
Keywords Studios Welcomes Certain Affinity Following Acquisition of the AAA Studio
October 18, 2024 07:33 PM AEDT| By Team Kalkine MediaHighlights:,Keywords Studios PLC has announced its acquisition of Certain Affinity, a US-based game-development studio known for its work on major AAA multiplayer titles.,The acquisition is aimed at enhancing Keywords' Create division, particularly i...
Insurance Strategies Employed by MoneySuperMarket to Lessen Quarterly Losses
October 16, 2024 05:56 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Decline:,MONY Group reported a 2% decrease in revenue for the third quarter of 2024, totaling £112.9 million.,Insurance Division Growth:,The insurance segment achieved modest growth of 1%, contributing £62.7 million and mitigating...
Audioboom Shares Increase by 17% After Positive Revision of Projections
October 15, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Audioboom Group PLC reported record revenue of $18.8 million for Q3, reflecting a 34% increase year-over-year and achieving its fourth consecutive profitable quarter with adjusted EBITDA of $1 million.,The growth has been driven by the su...
Reach Confident of Full-Year Performance Amid Digital and Print Stability
October 15, 2024 06:15 PM AEDT| By Team Kalkine MediaKey Points,:,Digital revenue increased by 2.5% in Q3 2024, despite a 5% decline in page views.,Data-driven revenues grew by 10% and now represent 46% of digital income.,Reach plc remains confident in delivering its full-year financial expectations, b...
Centaur Media Faces 21% Share Price Decline After Earnings Alert
October 10, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights:,Centaur Media Plc shares fell 21% following a warning regarding earnings amid ongoing challenges in the marketing sector.,The company's Xeim division, particularly its Econsultancy and Oystercatchers brands, experienced significant revenu...
Ethernity Networks has stated that changes will be made to its management team
October 09, 2024 10:17 PM AEDT| By Team Kalkine MediaHighlights:,Ayala Deutsch has stepped down as Chief Financial Officer (CFO) of Ethernity Networks Ltd, effective immediately.,Tomer Assis has been appointed as interim CFO while the search for a permanent executive is underway.,CEO David Levi express...
Vodafone and Google are collaborating on AI through a partnership valued at one billion dollars
October 08, 2024 10:38 PM AEDT| By Team Kalkine MediaHighlights:,Vodafone Group PLC and Google announce a strategic partnership valued at over a billion dollars, aimed at delivering AI products and services across Europe and Africa.,The collaboration will feature Google’s AI-powered Pixel devices on Vo...
Digitalbox Under Strategic Review, Exploring Potential Sale Amid Financial Growth
October 07, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Review,: Digitalbox is conducting a strategic review, which could lead to the sale of the company.,Financial Growth,: The company reported a 32% increase in revenue in the first half of 2024, alongside strong cash reserves.,CFO...
Telecom Plus flags continued robust growth in first half
October 03, 2024 07:37 PM AEST| By Team Kalkine MediaHighlights:,Telecom Plus added 67,000 customers in the first half of 2024, representing over 13% annualized growth.,The company credits its multi-service proposition for sustained growth, even amid energy price fluctuations.,Full-year guidance remain...
Hyperoptic Reports Growth Amidst Financial Challenges in 2023
October 01, 2024 09:20 PM AEST| By Team Kalkine MediaHighlights:,Hyperoptic expanded its network to 1.73 million homes in 2023 but remains below its initial target of five million.,Revenue grew by 19%, but rising costs and interest payments pushed total losses to £142 million for the year.,The company’...
WPP Shares Rise After Securing Key Markets in Unilever's Global Media Review
October 01, 2024 08:57 PM AEST| By Team Kalkine MediaHighlights:,WPP’s Mindshare retained key Unilever media accounts in the UK, US, China, and secured Sub-Saharan Africa from Omnicom.,WPP shares rose 2.4% following the announcement, reflecting investor relief at the outcome.,Despite losing some Southe...
40% Decline in Jaywing Shares Reported Amid Cash Flow Concerns
October 01, 2024 06:51 PM AEST| By Team Kalkine MediaHighlights,Significant Share Price Decline,: Jaywing PLC shares fell by 40% following concerns about its financial stability.,Weak Performance in UK Consulting Division,: The UK consulting division, anticipated to be a major cash generator, reported...
REA Group Withdraws Takeover Bid for Rightmove After Rejection of Fourth Offer
October 01, 2024 07:06 AM AEST| By Team Kalkine MediaRupert Murdoch’s REA Group has withdrawn its takeover bid for Rightmove PLC (LSE:RMV) after the online estate agent rejected a fourth proposal. In a strongly worded statement, REA expressed frustration with the board of Rightmove, stating that the pr...
CMA Questions £15bn Merger as Vodafone and Three Respond
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Vodafone and Three addressed CMA concerns over their £15 billion merger, pledging to freeze tariffs for value customers and support MVNOs.,The companies expressed confidence that the merger will benefit consumers despite concerns about po...
Vodafone States No Shareholder Vote Needed for Three UK Merger
September 30, 2024 07:22 PM AEST| By Team Kalkine MediaHighlights,Vodafone Group PLC confirms that the merger with Three UK does not require shareholder approval under new UK listing rules.,The board believes the transaction is in the best interests of all security holders, facilitating quicker execution...
Rightmove Rejects Fourth Takeover Bid from REA Group
September 30, 2024 06:15 PM AEST| By Team Kalkine MediaHighlights:,Takeover Bid Rejected:,Rightmove declines a fourth takeover offer from REA Group, citing undervaluation.,Offer Details:,The latest proposal valued shares at 780p, including cash and equity components, along with a dividend.,Market Reactio...
UK Companies Ranked Third-Most Targeted as M&A Activity Rises
September 27, 2024 06:37 PM AEST| By Team Kalkine MediaHighlights,Surge in M&A Activity,: UK firms have experienced a significant increase in merger and acquisition activity, with expenditures reaching approximately £102.4 billion in the first nine months of the year, marking a 54% rise.,Foreign Investme...
Future Sees Decline After Shuttering Non-Core Units
September 26, 2024 09:00 AM AEST| By Team Kalkine MediaHighlights,Future PLC shares decline nearly 5% following confirmation of full-year results aligning with market forecasts.,The company is actively optimizing its portfolio by closing several low-growth assets, including print magazines and an externa...
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City Speculates REA's Rightmove Move as Final Attempt Before Hostile Action
September 25, 2024 10:36 PM AEST| By Team Kalkine MediaHighlights,Third Bid Rejected: Rightmove PLC has turned down a third acquisition proposal from Rupert Murdoch's REA Group, citing insufficient engagement and value.,REA's Frustration: The Australian rival expressed disappointment at the rejection and...
Digitalbox Achieves Revenue Growth Following Successful Acquisition
September 24, 2024 07:48 PM AEST| By Team Kalkine MediaDigitalbox PLC,(LSE:DBOX),has reported a return to revenue growth for the first half of 2024, exceeding its expectations while maintaining profitability. The company's revenue reached £1.6 million, a significant 32% increase compared to the same peri...
AI on the Rise: A Look at Top AI Companies and Their Stocks