Latest news with #CanalPlus
Yahoo
5 days ago
- Business
- Yahoo
Losses widen for City banker Peel Hunt amid dearth of UK stock market listings
A death of companies launching on the London stock market and US trade tariffs fuelling greater uncertainty among investors have created tougher market conditions, investment bank Peel Hunt has cautioned. The company said there were historically low levels of equity capital markets activity in the UK over the past year. This has seen a shortage in the number of companies launching their shares on the London Stock Exchange through an initial public offering (IPO). Coupled with a flurry of listed firms leaving London for the US and other markets, it has resulted in 'subdued' conditions in the UK, Peel Hunt said. Peel Hunt reported a pre-tax loss of £3.5 million for the year to the end of March, slightly bigger than the £3.3 million loss reported the year before. But revenues jumped by 6% year-on-year to £91.3 million. It said it had been restructuring its team, resulting in a bigger cohort of more junior staff within its investment banking division, and taking action to reduce costs because of the pressure. 'Ongoing uncertainty continued to weigh on equity capital markets activity during the period, driven by geopolitical risks, elections, stagflation fears and US trade tariffs,' Peel Hunt's chief executive Steven Fine said. Mr Fine nonetheless said it advised on 'the most successful European IPO of the year and on our largest M&A (mergers and acquisitions) transaction to date'. French TV and film giant Canal+ held an IPO in London in December in the biggest new listing for the City in a number of years. The decision for the Paris-based business to list in London was hailed by Chancellor Rachel Reeves as a 'vote of confidence' in the UK's stock market. Peel Hunt also pointed to its strengthening M&A division amid a raft of takeovers and deals between firms over the year. The investment bank said the new financial year had started more positively, with the US striking a number of key trade deals, including with the UK, which was helping to improve sentiment among investors. Activity in the London stock market remains 'subdued' but could strengthen if wider economic conditions continue to stabilise, according to the firm. Sign in to access your portfolio
The Independent
5 days ago
- Business
- The Independent
Losses widen for City banker Peel Hunt amid dearth of UK stock market listings
A death of companies launching on the London stock market and US trade tariffs fuelling greater uncertainty among investors have created tougher market conditions, investment bank Peel Hunt has cautioned. The company said there were historically low levels of equity capital markets activity in the UK over the past year. This has seen a shortage in the number of companies launching their shares on the London Stock Exchange through an initial public offering (IPO). Coupled with a flurry of listed firms leaving London for the US and other markets, it has resulted in 'subdued' conditions in the UK, Peel Hunt said. Peel Hunt reported a pre-tax loss of £3.5 million for the year to the end of March, slightly bigger than the £3.3 million loss reported the year before. But revenues jumped by 6% year-on-year to £91.3 million. It said it had been restructuring its team, resulting in a bigger cohort of more junior staff within its investment banking division, and taking action to reduce costs because of the pressure. 'Ongoing uncertainty continued to weigh on equity capital markets activity during the period, driven by geopolitical risks, elections, stagflation fears and US trade tariffs,' Peel Hunt's chief executive Steven Fine said. Mr Fine nonetheless said it advised on 'the most successful European IPO of the year and on our largest M&A (mergers and acquisitions) transaction to date'. French TV and film giant Canal+ held an IPO in London in December in the biggest new listing for the City in a number of years. The decision for the Paris-based business to list in London was hailed by Chancellor Rachel Reeves as a 'vote of confidence' in the UK's stock market. Peel Hunt also pointed to its strengthening M&A division amid a raft of takeovers and deals between firms over the year. The investment bank said the new financial year had started more positively, with the US striking a number of key trade deals, including with the UK, which was helping to improve sentiment among investors. Activity in the London stock market remains 'subdued' but could strengthen if wider economic conditions continue to stabilise, according to the firm.
News24
6 days ago
- Business
- News24
DStv may soon offer a package only featuring sport
According to the latest annual results, DStv subscribers continue to dwindle. Households were struggling financially, and many have no choice but to give up their DStv subscriptions. MultiChoice has lost R1.7 billion in subscription revenue over the past two years. MultiChoice, which will soon be taken over by French broadcasting giant Canal+, is considering introducing a separate sports offering to viewers. This comes after the pay-TV service lost 2.8 million DStv subscribers over the past two years. MultiChoice released its latest annual results this past week, showing how DStv subscribers continue to dwindle. Showmax, the entity's streaming service, is growing, but not at the rate that MultiChoice projected. In South Africa, the pay-TV giant now has only 1 million DStv subscribers left in its Premium offering – the one that includes channels like M-Net and kykNET. The loss of 1.2 million subscribers in the past year alone is more than the total premium subscribers DStv now has. On DStv Compact, MultiChoice has 2.1 million subscribers remaining, and 4.7 million on cheaper packages, such as DStv Family, with less content. Tim Jacobs, MultiChoice's chief financial officer, says they have lost R1.7 billion in subscription revenue over the past two years. MultiChoice CEO Calvo Mawela said households were struggling financially and many had no choice but to give up their DStv subscriptions. MultiChoice will decide before the end of this year whether it will offer the SuperSport channels as a separate DStv package. This would lower the price of all DStv packages that currently contain sports channels. Sports enthusiasts would then only pay for sports and not for entertainment and news channels. These packages are expected to be expensive because the cost of sports broadcasts is driven up by local and international sports rights for rugby and soccer, among other things. Regarding the creation of separate sports packages – something DStv subscribers have been asking for for years – Mawela said they considered it annually when looking at package structures. Referring to Britain's Sky pay-TV service, Mawela said consumers got a basic package that they could add sports packages and general entertainment channels to, according to their preferences. We are now accelerating the project to decide which direction we will take it in the coming year. But, yes, we are considering all options as part of a broader product offering. Calvo Mawela Regarding Showmax, Mawela said some of their initial assumptions around the streaming service had not worked out as expected. MultiChoice also said it was not affordable to maintain the cash injection of the past two years for the creation of new content for Showmax. Jacobs said the challenge for Showmax was that 'although it is doing relatively well, the level of growth is still not what we had in our original business plan'. The one thing we are absolutely clear about is that the level of Showmax's expenses is not sustainable. Tim Jacobs He said future price increases would be made up of a 'combination of how many consumers subscribe at certain price levels and, secondly, what our competitors are doing in the market compared with our prices'. A bright spot is that parents who enjoy watching their children's competitive school sports can continue to do so. The SuperSport Schools application recorded growth of 46% over the past year and now has 1.2 million registered users.
Daily Mail
7 days ago
- Automotive
- Daily Mail
BREAKING NEWS McLaren pours cold water on bizarre claim that Donald Trump is set to drive one of its F1 cars in secret Austin test
McLaren has poured cold water on a bizarre report that Donald Trump will drive one of its Formula 1 cars in Austin next week. News of the rumor began to spread around the F1 paddock on Saturday afternoon when Canal+ claimed the President was set for an unprecedented drive at the Circuit of the Americas, home of the United States Grand Prix. In a tweet to its 384,000 followers on X, the French broadcaster reported: 'Donald Trump will drive an F1 car next week! 'Info Julien Febreau: The American President will be driving an F1 car in Austin.' When asked by the Daily Mail at the Canadian Grand Prix, a McLaren spokesperson quickly denied there was any truth to the baffling report. Canal+'s post was quickly removed after being widely shared around social media.
Reuters
11-06-2025
- Business
- Reuters
South Africa's MultiChoice swings to full-year loss
JOHANNESBURG, June 11 (Reuters) - South African pay television company MultiChoice (MCGJ.J), opens new tab swung to a full-year headline loss as it contended with the ongoing "unprecedented" financial strain on economies, corporates and consumers across the continent. MultiChoice, which is a takeover target of France's Canal+ (CAN.L), opens new tab, reported on Wednesday an adjusted core headline loss of 800 million rand ($45.13 million) in the year ended March 31, from headline earnings of 1.3 billion rand a year earlier. ($1 = 17.7281 rand)
