SYDNEY: Jumbo Interactive Ltd (ASX:JIN) said on Wednesday it has completed the acquisition of UK-based prize draw operator Dream Car Giveaways (DCG) for up to A$134.2 million (£65.8 million), marking its entry into Britain’s fast-growing digital prize draw market. The deal, funded through a mix of cash, equity and debt, includes upfront cash of A$99.5…
Tag: United Kingdom
UK labor market shows signs of weakness ahead of employer tax hike
LONDON: Britain’s labor market showed signs of weakening ahead of this month’s increase in a tax on employers, data released Tuesday showed. However, strong wage growth persisted, complicating the Bank of England’s efforts to curb inflation. Financial markets indicate a 90% chance of a quarter-point interest rate cut when policymakers meet in early May, followed by…
Sony announces PlayStation 5 price increases
Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming the…