Scottish Daily Mail

THE DAILY BRIEFING

-

SCREEN PLAN Video-streaming giant Netflix reportedly considered buying US cinema chain Landmark Theatres but backed out over costs.

It comes after bosses of the Cannes Film Festival said its movies did not qualify for nomination­s because they were not shown in cinemas. FIRST PROFIT Currency transfer firm Fair FX has made its first annual profit since floating on the London Stock Exchange in 2014, with turnover rising 41pc to £1.1bn in 2017, and profit at £900,000, up from a £1.6m loss. BANK BOOST Swiss bank UBS has posted its best quarterly result for three years as global investment banking recovers.

Profits climbed to £1.4bn in the first three months of 2018, up 17pc on a year earlier. STAKE CUT Deutsche Bank’s largest shareholde­r, Chinese conglomera­te HNA, has cut its stake in the business from 8.8pc to 7.9pc. STORE HOPES Consumer confidence climbed at the start of the year, according to a survey by accountant Deloitte, as households reported feeling more secure in their personal finances. ENERGY BONDS A record £21.4bn of bonds were issued to raise money for renewable energy schemes in the first three months of 2018, according to law firm Linklaters. FASHION ROLE John Lewis’s group developmen­t director Tom Athron is joining high-end fashion retailer Matches Fashion as chief operating officer. MOVING ON Crispin Holder, chief financial officer at Jamie Oliver

Restaurant Group, has stepped down after being brought in to lead the celebrity-chef group’s company voluntary arrangemen­t, which saw it close 12 Jamie’s Italian sites and one Barbecoa restaurant.

VAPE GROWTH Tobacco firm Imperial Brands has launched its vaping product Myblu in France, Germany and Russia, with the potential to reach 60m current smokers and vapers. PHOTO SALE Online photoshari­ng website Flickr, which has struggled to compete with newer services such as Instagram, has been snapped up by rival Smugmug for an undisclose­d sum. OFFICE DEAL Property investor Workspace Group has bought two buildings for £76.5m from Centro which will provide 85,000 sq ft of ‘warehouse style’ office space.

Newspapers in English

Newspapers from United Kingdom