Guardian records first operating profit since 1998

Guardian records first operating profit since 1998

The Guardian recorded an operating profit of £0.8m for 2018-19: its first such profit in two decades and the culmination of one of the most significant turnarounds in recent British media history. The margin is vindication of the strategy pursued by Chief …
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Kiwi customers will pay for tougher NZ capital rules: ANZ

ANZ Banking Group warned it will pass the cost of a tougher capital regime proposed by the Reserve Bank of New Zealand onto Kiwi customers in a bid to protect shareholder returns. In comments marking a fresh escalation of the debate about how much …
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Life on Milken's Edges: After-Parties, Yoga at Dawn, Puppies

Ivanka and Jared. Sun King splendor and SoCal chic. Soft breezes — and hard numbers. Yes, this must be Milken Fest. Each April, billionaires and
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Inmarsat profit falls ahead of return to private equity ownership

Inmarsat reported a 13 per cent drop in first-quarter earnings, in its first income statement since a deal to take Britain’s largest satellite company private was agreed in March. Private equity firms led by Apax and Warburg Pincus this year said Inmarsat will …
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US education groups McGraw-Hill and Cengage reportedly plan an all-stock merger

Educational publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc are planning an all-stock merger, the Wall Street Journal reported on Wednesday. The merged company will be titled McGraw Hill and will hold about $3.16 billion in …
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