The UK’s Pinewood Shepperton Studios enjoyed an after-tax profit of £5.4m, up from GBP 1.8m the previous year.
A string of big-budget films such as Disney’s Cinderella and bookings by TV programmes such as Channel 4’s The Taste and BBC’s The Voice have helped fuel the studio’s success. Overall revenues grew to £64m, up 16% on the previous year. Film revenues continue to bring in the bulk of the studio’s income, at £37.4m, but TV revenues also saw significant increases, rising from £5.2m to £6.2m. Despite local outcry, the studios are also set to undergo significant expansion.
Chief Executive Ivan Dunleavy said: “The company has made an excellent start to the new financial year, enjoying good visibility for the year as a whole. Demand for the Studios’ UK facilities is at an unprecedented level.”
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.