Nice to see DT picking up positive press attention, Desertlands.
In view of the results, what’s important for me is:
‘With a continued focus on customer engagement, gross and net retention metrics have broadly returned to prior year levels, showing improvement since June 2023’
Artificial intelligence (AI) has become a commonly used term in public language. In the past, it was challenging to explain, but now people generally understand it, including potential customers of DT. The shift toward the artificial revolution is gaining momentum.
It means that the company has been paying close attention to keeping its customers satisfied. The metrics for both gross retention (which includes existing customers staying on board) and net retention (which accounts for growth from existing customers) have largely come back to the levels seen in the previous year. The company has seen improvement in customer satisfaction and loyalty since June 2023. Prominent cyber attacks making headlines and revealing significant losses emphasise the crucial need for companies to prioritise security and avoid cutting corners in this regard. The future's bright in AI cyber security.
As far as one is concerned the budget was a desperate attempt by a faltering government to stay credible, they failed miserably. However, there were some plus points and McCall cites the obvious one:
'The boss of ITV has backed Jeremy Hunt’s plans to make the UK ‘second only to Hollywood’ for film and television production.
As she hailed the success of the Mr Bates vs The Post Office drama, Carolyn McCall praised the Chancellor’s decision to cut business rates for production hubs by 40 per cent over the next decade.
She referred to Wednesday’s announcement as a ‘good Budget’ for the creative industry – echoing comments by Sky, which also produces several shows on UK soil.
‘We are beginning to become more like France, Australia and Canada in terms of encouraging investment in creative work, but we’re not there yet,’ McCall said.
The challenging linear TV advertising market conditions and all the other downsides are now already baked-in to the sp - should be up from here, albeit with a few blips.
It's a challenging decision to make, and if you're experiencing discomfort, you've likely made the correct choice. I wish you the best. Thank you for expressing optimism on behalf of those of us who've opted to remain. Personally, I see it as a more extended journey, and I'm content to endure whatever comes our way.
£3.4 billion of funding to double investment in NHS technological and digital transformation. All hospitals will eventually use electronic patient records, making the NHS the largest digitally integrated healthcare system in the world.
In my view, today's budget appears to be a desperate attempt by a faltering government.
But, this will be useful:
Savers opening a British Isa (also being referred to as a 'UK Isa') will be rewarded with an additional £5,000 allowance on top of the existing Isa allowance of £20,000.
Qualifying productions must have started principal photography on or after 1 April 2024, and only expenditure incurred on or after 1 April 2024 can be claimed.
If claiming the IFTC, separate claims for the visual effects and animation uplifts cannot be made. This is because the ITFC rate of 53% has been specifically calculated based on independent film sector trends.
The IFTC will not be available for TV programmes.
Productions will need to have a ‘theatrical release’ to qualify.
The IFTC will be an optional enhanced tax credit for productions that already meet the conditions of AVEC. These include (but are not limited to):
Productions must be certified as culturally British by the BFI;
Productions must be made by a UK production company;
At least 10% of a production’s core expenditure must be used or consumed in the UK. Provided this threshold is exceeded, AVEC can then be claimed on qualifying UK core expenditure (further details below).