Search Results for: services

Spotify global advertising revenue forecast to reach $2.1bn in 2024 as the platform focuses on winning a share of video ad budgets

Stuart Mitchell

Spotify, the world’s most popular audio streaming subscription service, is now turning to opportunities in the video advertising space whilst making it easier for brands to run multi-media campaigns on the platform.  And, while Spotify is by no means a social platform, it is looking to better facilitate community and connection between fans and artists. Alex Brownsell, Head of Content, WARC Media, and author of the report, says: “Spotify is looking to expand beyond its sonic roots. The platform is eyeing opportunities in the video ad space, especially with video…

LSB to Develop a First-of-its-Kind Code to Break Down Barriers to Finance for Ethnic Minority-Led Businesses

Stuart Mitchell

The Lending Standards Board (LSB) is developing a first-of-its-kind inclusive Code to drive essential improvements in access to finance for Ethnic Minority-Led Businesses (EMBs). The Code’s development follows the publication of the LSB’s 2023 report on the barriers to finance faced by EMBs, which also underscored the crucial role that financial institutions can play in unlocking these businesses’ untapped potential. As highlighted by the LSB’s 2023 report, ethnic minority entrepreneurs, including those from Black, Asian, and other minority groups, contribute an estimated £25 billion to the UK economy annually. Despite…

CAF launches Venturesome Impact Fund to support organisations through social investment

Stuart Mitchell

Social purpose organisations are set to benefit from a new social investment fund from the Charities Aid Foundation (CAF). The Venturesome Impact Fund offers affordable, repayable finance to organisations across the UK. This ‘evergreen’ fund will remain continuously open for applications and is cause universal, to enable impactful social purpose organisations to access finance to grow and improve their resilience. The fund opens with £10m of philanthropic capital from CAF’s private clients, businesses and other foundations, with the goal to grow available funding to at least £20m. Most social investments…

Lloyds Banking Group raises over £2.5 million for crisis and extends charity partnership

Stuart Mitchell

Lloyds Banking Group and national homelessness charity Crisis have announced that they are extending their partnership, in response to the clear societal need for more affordable homes across the UK. Lloyds Banking Group and Crisis teamed up in 2023 for an initial two-year term, but the extension means the partnership will now run until at least 2026. The Group’s partnership with Simon Community in Northern Ireland will also be extended, reflecting a UK-wide response to homelessness.  With over 272,000 households experiencing homelessness in England, Scotland and Wales, Lloyds Banking Group…

Executives say sustainability investments are up, new Deloitte research reveals

Stuart Mitchell

Deloitte’s 2024 CxO Sustainability Report: Signs of a shift in business climate action shows that climate change remains a top three issue for global C-suite level business leaders (CxOs), surpassing political uncertainty, competition for talent, and the changing regulatory environment, among others. A key indicator of climate’s staying power on leaders’ agendas is that 85% of CxOs say they have increased investments in sustainability in the past year—up from 75% in 2023—and half have started to implement technology solutions to help achieve climate goals. Now in its third year, the…