DAILY BRIEFING: Netflix reportedly considered buying US cinema chain Landmark Theatres


City & Finance Reporter for the Daily Mail

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 41 per cent to £1.1billion in 2017, and profit at £900,000, up from a £1.6million loss.

BANK BOOST Swiss bank UBS has posted its best quarterly result for three years as global investment banking recovers.

Profits climbed to £1.4billion in the first three months of 2018, up 17 per cent on a year earlier.

STAKE CUT Deutsche Bank’s largest shareholder, Chinese conglomerate HNA, has cut its stake in the business from 8.8 per cent to 7.9 per cent.

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 £21.4billion 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.

BEAN GONE 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 photo- sharing 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 £76.5million from Centro which will provide 85,000 sq ft of ‘warehouse style’ office space.



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