Lyca Radio has clinched the Radio Station of the Year award at the 2024 Asian Media Awards.The station expanded into Greater Manchester by acquiring Asian Sound Radio.Lyca Radio’s second triumph at the awards sees it compete and win against other UK Asian broadcasters.The network launched a DAB variant in Leicestershire following its Manchester acquisition.CEO Raj Baddhan attributes the success to the team’s dedication and the support of listeners and partners.Lyca Radio has achieved remarkable success at the 2024 Asian Media Awards, winning the prestigious Radio Station of the Year award. This victory comes hot on the heels of its strategic…
Author: Dave Antrobus
Ukrainian campaigners are urging decisive action from the Labour mayor of the West Midlands, Richard Parker, calling for him to condemn the US company that owns Cadbury for its ongoing commercial activities in Russia. This call to action comes amid geopolitical tensions and questions of corporate responsibilities.B4Ukraine activists have taken a strong stance by writing to Mayor Richard Parker. They are advocating for the condemnation of Mondelez International, the fast-moving consumer goods giant, due to its decision to continue selling products in Russia despite the country’s ongoing conflict with Ukraine.Cadbury, originally based in Birmingham, comes into the spotlight due to…
Brands are exploring TV sponsorship to enhance marketing strategies and increase brand awareness.On 5th November, a key event hosted by Prolific North at MediaCityUK will feature top industry experts from ITV, Channel 4, and Sky.The event will cover diverse topics such as types of TV sponsorship, budgeting, and creative execution.TV sponsorship’s accessibility and effectiveness for brands of all sizes will be discussed by experienced professionals.Participants will gain actionable insights and strategies for building successful TV sponsorship campaigns.In an effort to elevate marketing strategies, brands are increasingly turning to TV sponsorship. On the 5th of November, Prolific North is hosting an…
This week, UK tech companies saw a £16.2m investment across various sectors.iFast Diagnostics secured funding to enhance its technology for determining effective antibiotics.Artio gained financial backing for its insurance solutions targeting carbon initiatives.Overall investment in UK tech decreased by 39% compared to the previous week.The funding rounds involved several notable investors, supporting innovation in health and AI.In a notable week for UK tech startups, the industry experienced a total investment of £16.2 million, highlighting continued interest and support in innovative technologies. This represents a 39% decrease from the previous week, illustrating the fluctuating nature of tech investments.iFast Diagnostics, a promising…
Shop price inflation in the UK has reached a three-year low, providing some relief to consumers.Annual shop prices declined by 0.8% as of October, marking a deeper contraction from September’s figures.Food inflation dropped to 1.9% annually, the lowest recorded since November 2021.Non-food items continued to show a decline, with a 2.1% decrease over the past year.Potential interest rate cuts by the Bank of England loom as stabilising price pressures are observed.According to data from the British Retail Consortium (BRC) and NielsenIQ, the annual shop price inflation has decreased by 0.8% for the year leading to October, showing a steeper decline…
Investors are pulling significant funds from UK stocks, responding to potential inheritance tax changes.In October, withdrawals from UK stocks surged to £300 million, up from £80 million in August.Mid-sized UK stock funds saw £30 million withdrawn in September, highlighting growing market uncertainty.Small company shares, typically used for inheritance tax relief, are being sold off amid tax change fears.Market analysts note rising investor anxiety as the Budget announcement approaches.The UK equity market is currently experiencing significant withdrawals by investors, mostly due to fears of upcoming changes to inheritance tax regulations. This month, investors withdrew a substantial £300 million from UK stocks,…
The UK’s minimum wage will rise to £12.21 in April 2025, benefiting over three million workers.This increase aligns with Labour’s commitment to a ‘genuine living wage’ and includes substantial raises for young workers and apprentices.Businesses express concerns about the impact of increased payroll costs on hiring and investment.Economic experts worry that wage hikes combined with potential tax increases could hamper economic growth.Labour is speculated to introduce a National Insurance increase to address a projected £22 billion funding gap.The planned increase in the UK’s minimum wage to £12.21 by April 2025 is set to positively impact over three million UK workers.…
Chapel Down, the UK’s largest winemaker, has encountered significant financial setbacks as it ceases sale discussions and revises its sales forecast downward.The company’s decision to halt its sale comes after a comprehensive review of strategic funding options aimed at fuelling growth through new vineyards and a bespoke winery. This move led to a nearly 20% drop in its share price, marking a 40% decrease in the company’s value since the start of the year. The management stated that no potential transactions promised improved long-term shareholder value.In addition to abandoning its sale plans, Chapel Down has adjusted its full-year forecast amidst…
LVMH Luxury Ventures has acquired a minority stake in Swedish streetwear brand Our Legacy, signalling its intent to support and expand creative brands.Founded in 2002, Our Legacy is renowned for its minimalist designs that integrate streetwear and tailoring for a unique, modern aesthetic.The investment will aid Our Legacy’s expansion into new markets and increase its physical store presence globally.CEO Julie Bercovy of LVMH Luxury Ventures praised Our Legacy’s ability to blend contemporary minimalism with functional design elements.LVMH’s investment continues its trend of supporting influential streetwear brands, having previously invested in Aimé Leon Dore and Madhappy.LVMH Luxury Ventures, the investment arm…
The UK’s shop price inflation has decreased to its lowest in over three years, influenced by easing food prices and potential interest rate cuts.Annual shop prices contracted by 0.8% over the year to October, marking the lowest inflation rate since August 2021.Food inflation dropped to 1.9% annually, the lowest since November 2021, contributing significantly to the decline.Non-food prices saw a 2.1% decline over the year, continuing a downward trend.External factors including geopolitical tensions and regulatory costs remain challenges for stabilising inflation.According to data from the British Retail Consortium (BRC) and NielsenIQ, the UK’s annual shop prices contracted by 0.8% over…