Mon 10 May 2021 01.00 EDT
The return of must-watch TV such as footballâs pandemic-delayed European Championship and guilty pleasure Love Island is set to fuel a £1bn advertising bonanza this summer as spending bounces back to pre-coronavirus levels.
Streaming services such as Netflix and Disney+ have enjoyed record-setting subscriber growth during the coronavirus pandemic, with the public stuck at home. But for broadcasters with advertising-dependent models, such as ITV, Channel 4 and Channel 5, the closure of businesses and leisure activities resulted in unprecedented cuts to marketing budgets.
In the second quarter of 2020, spending on TV advertising plunged by more than 40% to £600m, while ITV, a bellwether for the health of the industry, accounting for almost half of all TV ad budgets, experienced the steepest decline in its 66-year history.
2 of the best UK reopening stocks to buy now!
More on: Image source: Getty Images.
I’m looking for the best UK reopening stocks to buy as Covid-19 restrictions are eased. These two are on my shopping list today:
Will this UK share beat expectations?
I think that some of the UK’s media companies could be among the best reopening stocks to buy today. I’ve long tipped shares like
ITV(LSE: ITV) as attractive buys as the world recovers from the pandemic. Comments from the
FTSE 100 broadcaster’s commercial operations director Kelly Williams in
The Guardian today has boosted my enthusiasm for this particular reopening stock too.
Carper announces Senate passage of clean water bill in Wilmington
Delaware News Desk
Sen. Tom Carper, D-Delaware, chairman of the Senate Committee on Environment and Public Works, joined Wilmington Mayor Mike Purzycki, Wilmington Public Works Commissioner Kelly Williams, National Rural Water Association President David Baird and National Wildlife Federation President Collin O’Mara on May 3 to announce the Senate passage of the bipartisan Drinking Water and Wastewater Infrastructure Act of 2021.
This legislation, the first infrastructure bill advanced by the Senate this Congress, would strengthen drinking water and wastewater infrastructure, foster economic growth, enhance the health and well-being of families across the nation and prioritize disadvantaged communities.
ITV injects GBP2 million into Respoke via IT AdVentures Invest
Tue, 4th May 2021 16:38
(Alliance News) - ITV PLC on Tuesday said it will subscribe for up to GBP2 million of convertible notes into Respoke Ltd, a menswear clothing firm behind the brand SPOKE.
This deal marks the second investment made by ITV AdVentures Invest, which is the FTSE 250 broadcaster s media for equity initiative, and will be made alongside the British Growth Fund, Oxford Capital and 24Haymarket.
Respoke will use the investment for television advertising purposes. For the year ended October 31, 2019, Respoke s gross assets were GBP8.1 million, up from GBP3.2 million.
Second Transaction under New Media For Equity Programme ITV AdVentures Invest, ITV s new media for equity initiative, has concluded its second investment in Respoke Limited, the company behind the premium custom-fit menswear brand SPOKE. ITV Adventures Invest s first investment, in the location service what3words, was concluded last month. ITV has agreed to subscribe for up to £2m of convertible loan notes in Respoke Limited in three tranches. ITV joins a respected group of shareholders, including the British Growth Fund, Forward Partners, Oxford Capital and 24Haymarket. SPOKE will use ITV s media investment to bring its brand message to British men through the power of TV advertising, embracing high style, smart functionality and perfect fit. SPOKE has combined extensive tailoring experience with the power of digital technology to offer a bespoke experience previously only reserved to tailor-made fashion and has already acqui