British Airways see a decline in their public image according to Which survey

Ishen Patel
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British Airways see a decline in their public image according to Which survey

British Airways, who are owned by International Consolidated Airlns Grp (LON: IAG) have seen a decline in their public perception in the most recent public survey.

The former flag carrier was ranked third bottom short haul airline operator, two plans above rival Ryanair (LON: RYA).

British Airways were named the best short haul airline in 2015, but has seen a decline in public ratings according to the survey conducted by Which.

The business dropped another two places this year, ahead of speculation about how the firm can improve its services.

On an overall customer score basis, Which said BA scored 55% on short-haul, only 1 percentage point behind last year, and 55% on long-haul, not far behind the 58% it scored last year. Ryanair’s score actually rose to 44% from 40%.

A spokeswoman from British Airways contested the findings. “Our own data shows customer satisfaction scores have increased, and continue to increase,” she said.

Ryanair was seen to be the worst short haul airline the consumers had engaged with, which saw a repeat of its 2018 performance. Rival easyJet (LON: EZJ) who are another budget airline came mid table.

A notable performance came from Jet2, who were one of the best performers in the short haul category.

Holiday makers made complaints about Ryanair charging extra fees for add-ons and luggage, while they gave BA low scores for the quality of its food and drink, the comfort of seats and general value for money.

BA will see this report and raise caution about their performance in the airline industry, where competitors such as Wizz Air (LON: WIZZ) are notably expanding their routes, and reporting increased passenger numbers across 2019.

BA have seen their reputation hit following strikes and political action in September, which caused thousands of flights to be cancelled.

It was noted that 6,535 members completed the survey in 2019 and the results will give BA a reason to review operations and turn fortunes around.

XLMedia give shareholders a cautious update as shares fall over 22%

Ishen Patel
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XLMedia give shareholders a cautious update as shares fall over 22%

XLMedia PLC (LON: XLM) have seen their shares crash over 22% as the firm gave shareholders a cautious outlook.

XLMedia Plc is a provider of digital marketing services, using proprietary tools and methodologies to generate high-value engagement for our customers.

The Group has three divisions based on its primary marketing methodologies: content and search engine optimization through its Publishing, digital Media Buying and Partner Network.

XLMedia saw their shares rally in May as the company announced that it intended to continue its share buyback programme which it began in December 2018.

The company added that its trading has been in line with its expectations for the financial year, and that its focus remained on increasing its exposure to high margin publishing activities and opportunities.

Today, the firm gave a warning on next years profit on Thursday as it begins a structural reorganization which focuses on publishing activities.

The digital marketing firm appointed Stuart Simms as chief executive in October, who then began an internal review of operations.

XLMedia has come up with three decisions moving forward: investing into and expanding global publishing activities, reviewing its technology platform, and an organizational restructuring.

XLMedia is set to increase its spending on publishing, both organically and via acquisitions.

The overall one-off cost of transforming the organisational structure will be around $3 million over 2019 and 2020, the company added.

XLMedia added that trading for 2019 is in line with previous guidance, which would have sufficed shareholders.

The firm also reiterated guidance of $78 million of revenue and $32 million of adjusted earnings before interest, tax, depreciation, and amortisation. This compares to $117.9 million and $43.9 million respectively the year prior.

The US sports betting market, which is growing rapidly, has XLMedia “encouraged”, it said, though it did note regulatory headwinds are going to increase uncertainty.

Shares of XLMedia crashed 22.03% on the announcement to 46p. 19/12/19 12:15BST. In digital news today, Bidstack have seen their shares surge over 50% as the firm announced that it had secured a new contact with a global client.

The firm said it had entered a two year trading agreement with an undisclosed global marketing group.

Bidstack said Thursday the new agreement will start on January 1 and calls for £10 million per year in gross media expenditure.

XLMedia Comments

As a global business, XLMedia will seek to further deploy its online real estate and market knowledge to expand its geographical footprint in areas such as North and Latin America and APAC, and to broaden its growth potential,” it explained. “Owning strong publishing assets puts the group in a position to create better engagement and results than other traditional performance marketing, whereby consumers actively choose the content they want to consume, generating both greater value and increased levels of engagement.”

“The combination of increased spend on direct costs to support growth, further predicted regulatory headwinds and implementation of a transformation plan which prepares XLMedia for the next phase of growth means the board is today also updating market guidance for the year 2020,” said XLMedia.

“The initiatives are proactive measures designed to benefit the business in the longer term. As a result of those measures, the investment and costs budgeted for 2020 are significantly higher than previously anticipated and will consequently impact the overall performance of the group. Therefore, despite revenue for 2020 expected to remain broadly stable versus 2019, adjusted Ebitda is anticipated to be materially lower than previous management expectation,” the company continued.

“Having now spent a couple of months immersed in the business, I am excited to be leading it towards the next phase of growth,” chief executive Stuart Simms explained. “Whilst there are some clear near-term headwinds and operating issues (similar in many other companies of our size and stage of development), our core expertise, assets and market presence remain incredibly strong. “We have already identified and are investing in market opportunities which will generate sustainable growth in the future. I look forward to the coming months to continue to evolve our strategy, progress with the transformation program and execution of our strategic plan.”

Star Wars Origins gives British companies the force

Jamie Gordon
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Star Wars Origins gives British companies the force
British film company Velvet Film Productions and cyber technology firm VST Enterprises Ltd are joining forces to bring a new tech-enhanced experience to the recently previewed offering, ‘Star Wars Origins’. The film was announced prior to the upcoming blockbuster ‘Star Wars: Rise of Skywalker‘, and will feature VST Enterprise’s VCode technology, which is accessible from mobile devices. The technology will be embedded within the film and, “will allow fans access to a hidden treasure trove of content. As fans download the “VCode®” app, they can scan the “VCode®” and go on a “treasure trove” hunt to find hidden content, deleted scenes, directors comments and extras.” VST Enterprise’s statement read. The Star Wars Origins film will look into the beginnings of the saga’s story, and will apparently draw its roots from Earth during WWII. Elsewhere in film and media, Cineworld Group (LON: CINE) announced a Canadian acquisition, Netflix (NASDAQ: NFLX) loses subscribers, Speaking on the update, Velvet Films Exec Producer Gary Cowan said, “Star Wars: Origins has been three years in the making between myself and Phil Hawkins and a real labour of love as two lifelong Star Wars fans. Already the feedback we have had has been phenomenal. We would like to think that the film pays tribute and homage to George Lucas and what he has achieved and created with the Star Wars franchise.”

“What makes this even more exciting is to have the VCode® technology embedded into the film for the first time, which we know fans will love. This clever new piece of technology, never seen before, allows Star Wars fans to have an immersive and interactive experience and to literally go on a treasure hunt, scanning the VCode® and finding hidden extra features, deleted scenes and directors comments, making this truly unique and a world first.”

Adding insight, Louis-James Davis CEO and founder of VST Enterprises Ltd said, “We are thrilled to be working with such incredibly talented film makers like Gary and Phil to create a world first using our VCode® technology. Star Wars; Origins is a truly epic block buster with high end Hollywood style production values. VCode® provides an immersive and interactive experience between the film and Star Wars fans.”

“VCode® allows film makers and the Hollywood studios an incredible interactive and immersive opportunity to engage directly with film fans across many different multi media platforms. Unique content interviews, director cuts, hidden extras and bonus features can all be uniquely tailored and delivered to audience age demographics and then by geographic regions.”

“VCode® also provides major luxury and lifestyle brands with a unique brand activation and product placement gateway into film audiences like never before.”

 

Bidstack secures a new contract with a global client as shares surge over 50%

Ishen Patel
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0
Bidstack secures a new contract with a global client as shares surge over 50%

Bidstack Group PLC (LON:BIDS) have seen their shares surge over 50% as the firm announced that it had secured a new contact with a global client.

Bidstack bridges the gap between gamers, game developers, and advertisers by enhancing the gaming experience with rich, real-world advertising.

In today’s update, the firm said it had entered a two year trading agreement with an undisclosed global marketing group.

Bidstack said Thursday the new agreement will start on January 1 and calls for £10 million per year in gross media expenditure.

Shares rallied as much as 54% before falling back throughout the Thursday’s trading session.

Bidstack’s in-game advertising platform will be made available to the unnamed marketing groups advertising clients.

Chief Executive James Draper commented: “This is a huge milestone for us as a business. This trade deal is a real show of faith from the advertising industry that we serve. On one hand, we are disappointed that none of this revenue will now be recognisable in 2019, but, on the other, this sets the company up well for 2020 and beyond.”

Following the share drop on Wednesday, the company added Thursday: “The board believes this agreement will give Bidstack’s stakeholders increased confidence in the value of Bidstack’s potential and will provide a persuasive rationale for some of the world’s biggest games developers and publishers, with whom the company is currently negotiating, to accelerate their adoption of its technology.”

Pubguard acquisition

In August, the firm announced it had acquired fraud prevention firm Pubguard to help increase the security of its systems.

Pubguard’s technology is established within the advertising industry and will be used to protect Bidstack’s digital gaming inventory against illegal, malicious and offensive ad content on in-app mobile and desktop formats.

Pubguard was acquired for a consideration of £300,000 which was satisfied by the issue of 869,565 Bidstack ordinary shares.

Esports growth potential

The potential for esport advertising provides significant growth opportunities and other London-listed companies are investing in the sector. Blue Star Capital (LON:BLU) has made an ensured effort to diverse into the e-sports industry with investments in six different esports companies.

In October Blue Star Capital raised £900,000 through a placing, in which directors participated, with the plan to invest £150,000 in each of the six companies. An example of these companies was an investment in Lords Esports plc which owns /www.cyqiqgaming.cc, a professional esports organisation which represents games such as Fortnite and Rainbow Six Siege. Blue Star Capital also has investments in payments services such as SatoshiPay but sees great potential in the $1.1 billion esports industry in which Bidstack operate. Shares in Bidstack surged 51.55% on the announcement to 11p. 19/12/19 11:51BST.  

Plant Health Care shares plummet 12% as firm expects modest annual figures

Ishen Patel
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0
Plant Health Care shares plummet 12% as firm expects modest annual figures

Plant Health Care plc (LON: PHC) have seen their shares plummet on Thursday, as the firm gave shareholders a cautious update.

Plant Health Care is a leading provider of proprietary biological products to global agricultural markets.

They offer products to improve the health, vigor and yield of major field crops such as corn, soybeans, cotton and rice, as well as speciality crops such as fruits and vegetables. We operate globally through subsidiaries, distributors and supply agreements with major industry partners.

The firm saw its shares plummet 12.28% on Thursday morning, to trade at 7p. 19/12/19 11:26BST.

Plant Health Care said for 2019, revenue is expected to be $6.5 million, a 20% fall from $8.1 million the prior year.

The firm said that the decline would be caused by the delayed of supply of H2Copla until an import licence is granted by the Brazilian authorities, and postponed sales of Harpin for corn seed in the US, as Plant Health’s channel partner deals with working capital pressures.

The firm did compensate shareholders in saying that underlying market demand remains robust, and the firms additional operations had not been hampered.

The firm further reassured shareholders by swung that it expects prospects for Brazilian sugarcane to remain strong, and expects to win a licence in early 2020. Certainly, the optimistic should please shareholders and the firm can expect a strong start to 2020.

“In 2019, as in 2018, last minute customer and logistical issues will result in revenue falling short of expectation. However, the delay in sales is principally a matter of phasing. Underlying growth prospects are as strong as ever,” said Chief Executive Officer Chris Richards.

“The board intends to address sales phasing during 2020, which will make it easier for investors to track revenue growth. Costs are under tight control and we recently received a capital injection, so are well positioned to capitalize on the shift of revenue into the next financial year,” Richards added.

Focusrite acquire Martin Audio in £39 million deal

Ishen Patel
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Focusrite acquire Martin Audio in £39 million deal

Focusrite PLC (LON: TUNE) have announced the acquisition of Martin Audio Ltd in a £39 million deal.

Focusrite plc is an English audio equipment manufacturer based in High Wycombe, England. The firm designs and markets audio interfaces, microphone preamps, consoles, analogue EQs and Channel strips, and digital audio processing hardware and software.

Shares in Focusrite jumped 1.27% on the announcement to 605p. 19/12/19 11:08BST.

Martin Audio has its headquarters in High Wycombe, and designs, makes and distributes professional sound systems.

In 2018, Martin delivered revenue of £21.7 million with earnings before interest, tax, depreciation, and amortisation of £2.6 million.

Focusrite will pay £39.2 million for the business, using existing cash combined with a loan from HSBC and Natwest, who are a part of Royal Bank of Scotland Group plc.

“The acquisition of Martin Audio is a clear demonstration of our strategic aim to expand into complementary new markets. Martin Audio is an established brand with solid financials that can instantly add value to the enlarged group. Just as importantly, the business is culturally aligned with our existing operations,” said Focusrite Chief Executive Tim Carroll.

“They will have an important role to play as we continue to focus on our goal of enriching lives through music, by removing barriers to creativity; from that first spark of musical inspiration, to delivering an emotionally charged performance on stage,” he continued.

“The Martin Audio team share our hunger to innovate and our passion as music and sound enthusiasts. Their close geographical proximity to Focusrite will help significantly in the development of future cross selling and marketing strategies.”

Certainly, this seems like a good piece of business for both parties. Martin in the deal have backing from a reputable firm, who have a long list of industry experiences. Shareholders of Focusrite can remain optimistic as Martin have shown potential to be a profitable asset for the firm, if the two firms can develop a strategy going forward, this could be a very shrewd piece of business.

Wizz Air appoint Jouirk Hooghe as CFO

Ishen Patel
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2
Wizz Air appoint Jouirk Hooghe as CFO

Wizz Air Holdings PLC (LON: WIZZ) have updated the market on a new CFO appointment on Thursday morning.

Wizz Air have seen a success in what has been a tough year for the airline industry. The firm saw its passenger numbers climb 22% in May, which would have pleased shareholders.

The Hungarian airline flew 3,470,889 passengers in May, a 22.4% rise compared to the 2,836,380 figure from the same month a year prior.

Additionally, the firm announced another update to its passenger numbers in November alongside rival Ryanair Holdings plc (LON: RYA).

Wizz Air reported a November capacity increase of 27% to 3.2 million from 2.6 million, while load factor rose 92.8% to 91.2%.

Available seat kilometres was up by 21% to 5.2 million from 4.3 million and revenue passenger kilometres grew by 4.9 million from 3.9 million in November 2018.

After announcing earlier this week that the firm would be expanding operations into Armenia, Wizz Air have made another swift move in todays appointment.

Jouirk Hooghe will be appointed as chief financial officer, with effect from February 1.

He will replaced Iain Weatherall. After two years in the CFO role, Weatherall will move to the newly created position within Wizz Air of chief investment officer.

Hooghe will be joining from Adecco Group AG (SWX: ADEN) – where he has been senior vice president for strategy, finance and accounting since 2018.

“Through these appointments we are enhancing our leadership capacity and capability in our Finance function. The appointments of the executive vice president and group CFO and the chief investment officer allow us to further refine our subsidiary structure, to up our corporate finance activities and at the same time to bring further focus on our aircraft delivery program and associated financing requirements,” said Chief Executive Officer Jozsef Varadi.

Certainly, Wizz Air have performed relatively well in a tough industry. Whilst the notable headlines have been the collapse of Thomas Cook (LON:TCG) in September, Wizz Air shareholders can remain optimistic for 2020.

Shares in Wizz Air were left in green following the appointment, and trade at 3,969p. (+0.050%). 19/12/19 10:53BST.

Goodwin shares crash over 17% on bruised interim profits

Ishen Patel
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0
Goodwin shares crash over 17% on bruised interim profits

Goodwin plc (LON: GDWN) have seen their shares crash on Thursday as the firm reported bruised figures for its interim profit update.

Goodwin PLC is a holding company. The Company operates through two segments: Mechanical Engineering, which is engaged in casting, machining and general engineering, and Refractory Engineering, which is engaged in powder manufacture and mineral processing.

Goodwin blamed political uncertainty as one of the main reasons for the fall in interim profit. Goodwin have not been the only firm in the UK business scene that have seen their results dampened by political complications.

Last week, MS International attributed their poor results to political and economic instability.

The firm showed that sales were down by little under £4.5 million, to £33.3 million, for the half year ended October 31st.

Additionally, big supermarket chain Asda who are owned by Walmart reported a quarterly slump.

“This quarter has afforded consumers little respite from political or economic uncertainty and this has shown in their spending,” said Chief Executive Roger Burnley.

Today, Goodwin have reported that pretax profit for the six months to October 31 slipped 5.1% to £7.4 million, despite revenue increasing by 3.8% to £70.1 million.

The company speculated on the second half of its financial year, and the firm expects profitability and trading figures to be similar to the first half.

“This is a feature of the disruption caused by the commotions in our parliamentary system over the past six months where the uncertainty has temporarily stalled projects,” said Chair Timothy Goodwin.

“With further clarity over Brexit, we will be looking to start capitalising from the tremendous success our group companies have had in winning large amounts of business from new market areas,” said Chair Goodwin.

“We have every reason to believe that the new financial year will allow our group companies to start increasing profit. We also expect to have further successes in winning significant new business due to the dedication and hard work of all who work within them,” he continued.

Increased demand for energy will drive the Mechanical Engineering unit, Goodwin noted however they remain skeptical by adding that the petrochemical market had not yet recovered.

The East Radar Systems business won its first overseas contract, the firm added however the ongoing feud between the US and China continued to hit demand.

Certainly both political and economic tensions continue to weigh down on British business, now that the election has been completed the cards fall into PM Johnson’s hand to decide on the next course of action to tackle Brexit.

Shares in Goodwin crashed 18.08% to 2,900p. 19/12/19 10:39BST.

RBS appoint Robert Begbie as interim Natwest Markets CEO

Ishen Patel
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1
RBS appoint Robert Begbie as interim Natwest Markets CEO

Royal Bank of Scotland Group plc (LON:RBS) have updated the market on Thursday, about a new interim CEO appointment of their investment arm Natwest Markets PLC.

RBS have been busy in the last few months of trading, as we approach the end of 2019.

Earlier this week, the bank was put into bad media spotlight along with Lloyds as it failed the Bank of England stress test, a rigorous test which puts operations and management to the griddle.

Additionally, RBS announced that they would be launching their digital banking platform Bó.

At a time where startups such as Monzo and Starling Bank have made significant grounds in the mobile banking industry, RBS felt the need to catch up.

In similar fashion, HSBC also announced that they will be launching HSBC Kinetic.

HSBC Kinetic will offer small businesses mobile-managed current accounts, overdrafts and spending and cashflow insights generated by the app crunching data on a company’s spending habits.

Today, RBS have said that they appointed RBS Treasurer Robert Begbie as interim chief executive officer of the bank’s investment arm Natwest Markets PLC.

He will replace Chris Marks who steps down from his role after three years, but will remain with the group until June 2020 to assist with transition.

RBS Treasury Finance Director Robert Horrocks will be appointed as interim chief financial officer of Natwest Markets. He will replace Richard Place, who will leave the group on March 2020, after four years in the role since 2015.

“The directors of RBS and NatWest Markets and I would like to thank Chris and Richard for their commitment and dedication to this bank, its staff and its clients. They have set the foundations for the continuing transformation and simplification across NatWest Markets as RBS has been re-shaped to focus on serving its customers in the UK and Ireland, whilst also managing complex organisational changes around ring-fencing and Brexit,” said Chief Executive Alison Rose.

The bank will be put under rigorous scrutiny when it announces its annual results on February 14 2020, and shareholders will eagerly await the outcome.

Shares in Royal Bank of Scotland Group plc trade at 248p (-0.04%). 19/12/19 10:21BST.

President Donald Trump is impeached

Dilara Kucuk
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2
President Donald Trump is impeached
The House of Representatives accused President Donald Trump of abusing his power, and obstructing Congress. Following an incredibly long and detailed debate, The House of Representatives has found President Donald Trump guilty of both accounts of impeachment charges. President Donald Trump has been impeached by the House of Representatives, becoming the third US president to be impeached.

Votes Fell Along Party Lines

Votes were along the party lines. Almost all members of the Democratic Party voted for the charges while all members of the Republican Party voted against the charges. Democratic Party senators keenly supported the impeachment process from the start while Republican Party senators booed the decision to impeach President Trump.

What Now?

President Trump is officially impeached. So what now? Impeachment in itself is rather symbolic. It does not lead to automatic removal from office. Impeachment initiates the first step towards removal from office. Following the impeachment decision, President Trump will have a trial in the Senate. The Senate will decide whether to remove the President from office. The decision to remove President Trump from office requires not a simple majority but the two thirds of all votes in the Senate.

Low Chance of Removal

The majority of the Senate consists of Republican Party members. A final vote to remove President Trump from office is highly unlikely. While removal from office requires that at least 20 Republican senators vote in favour of removal, not a single one made a statement that they will support removal. The Republican Party is likely to remain united along party lines, and vote against removal.

Upcoming Presidential Election

Donald Trump will probably be acquitted. If acquitted, he will remain in office, and continue his campaign for the 2020 Presidential Elections. While many believe that impeachment is a symbol of shame and dislike, his impeachment could work in favour of President Donald Trump in the upcoming election. Bill Clinton, an impeached former President, saw an increase in his approval ratings following his impeachment. Republican Party supporters might increase their support for President Donald Trump following his impeachment. The decision to impeach President Donald Trump might not have an immediate practical impact. However, it definitely does have a historical and symbolic impact. Impeachment is uncommon in American history. President Donald Trump will have a special place in future history books. People around the world will remember him as the one for the three impeached Presidents of the United States. Impeachment is a historic decision not because of its practicality but because of its symbolic value as a rare occurrence in American politics.  
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