business

British Economy Grows 0.7% in Q1 2024; Keywords Studios Set for £2bn Takeover

The Digital Artisan

Jun 28, 2024 — 1 min read

Surge in the British Economy

The British economy outperformed initial estimates in the first three months of 2024 as conveyed by the Office for National Statistics. An upgrade from the earlier projection of 0.6% to a solid 0.7% quarter-on-quarter growth was recognised. The FTSE 100 registered a positive performance, indicating the growth trajectory of several British businesses.

Zoopla's Property Price Forecast

According to Zoopla, a prominent property website, house prices are currently overstated by 8%, deviating from the earnings of general populace. However, it anticipates a further price surge by the close of the year, in spite of the price rise remaining static over a year until May 2024.

Collapse of Major European Travel Operator

The recent collapse of FTI, one of Europe's vast tour operators, could hamper the holiday plans of British tourists. As FTI owns a subsidiary, youtravel.com, that aligns with UK's online travel agents to reserve hotel rooms, this fiscal blow may lead to a wave of holiday cancellations in July.

Frequent Interaction between Government and Oil and Gas Lobbyists

Global Witness's investigation reveals that the UK Government engaged with oil and gas sector representatives considerably in 2023. Analysis of data by Transparency International UK indicates an average of 1.4 meetings a day with at least 65 fossil fuel organizations. There was a noticeable ripple in lobbyist meetings in November 2023 when the talks peaked to about three times a day.

Keywords Studios Poised for a £2bn Takeover by Private Equity Firm EQT

The Dublin-based video game services entity, Keywords Studios, is barreling towards a whopping £2bn private equity takeover. The new £24.50 per share bid from renowned Swedish private equity firm EQT certainly piques the attention of stakeholders. The company anticipates positive feedback from shareholders, potentially leading to an official takeover bid.

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UK Economic Growth Surges: A Silver Lining for the Next Government

UK's Economy Revives: An In-depth Analysis The UK has shown an encouraging surge in economic growth as its GDP rose by 0.7% in the first quarter of 2024. The latest national accounts reveal a robust state of the UK's economy, indicating a larger rise in GDP from the previously