AO World is outsourcing up to 200 UK call centre roles to South Africa, citing rising labour costs and inflationary pressures. The online electrical goods seller reported a 145% jump in pre-tax profits to £50.5m and is giving £20m to shareholders.
UK inflation held steady at 2.8% in May, defying expectations of a rise. This suggests the Middle East conflict's impact on living costs may be less severe than feared, despite high fuel prices. Economists are downgrading inflation forecasts and questioning future interest rate hikes.
Shock jock Kyle Sandilands will receive A$12.09m and A$1.5m in advertising from ARN after settling a lawsuit over his early contract termination. Sandilands was sacked from KIIS FM's "Kyle and Jackie O Show" after an on-air spat with co-host Jackie Henderson.
The UK's ban on social media for under-16s, effective next year, is projected to reduce digital advertising spending by over £1bn. Advertisers are expected to shift focus to streaming services and traditional TV to reach younger audiences.
UK inflation remained unexpectedly at 2.8% in May, with higher transport and fuel costs offset by slower food price rises. Economists had forecast a rise to 3%. The ONS reported the flatlining figure, which follows a decline in April, as various price movements balanced out.
UK inflation remained unexpectedly at 2.8% in May, with higher transport and fuel costs offset by slower food price rises, according to the ONS. Economists had forecast a rise to 3%, but the flatlining figure defied expectations.
