Bournemouth Tourist Tax Delayed, Focusrite Acquires Innovate Audio, Halfords Profit Down 18%

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Dorset Accommodation BID delays tourist levy billing following appeal

The Bournemouth, Christchurch and Poole Accommodation BID has delayed the collection of its controversial tourist levy until an appeal against the initiative is resolved.

Full story here: https://thebusinessmagazine.co.uk/companies/dorset-accommodation-bid-delays-tourist-levy-billing-following-appeal/

Focusrite acquires Innovate Audio in strategic expansion

Focusrite has acquired Innovate Audio to enhance its immersive sound technology, incorporating Innovate Audio's acclaimed panLab 3 and panLab Console solutions, which are widely used in prestigious venues like the Sydney Opera House and the National Theatre.

Full story here: https://thebusinessmagazine.co.uk/companies/focusrite-acquires-innovate-audio-in-strategic-expansion/

Halfords goes into reverse with profit slump in fiscal 2024

Halfords, the Worcestershire-based cycling and motor parts firm, reported an over 18% slump in underlying pre-tax profit for fiscal 2024, attributing the decline to low consumer demand, inflation, and poor spring weather, with continued challenges impacting trading into fiscal 2025.

Full story here: https://thebusinessmagazine.co.uk/companies/halfords-goes-into-reverse-with-profit-slump-in-fiscal-2024/