Audiogloom: Nick Candy pictured with wife Holly Valance

A podcasting group backed by property tycoon Nick Candy has abandoned attempts to find a buyer after it failed to attract a good offer.

Audioboom, which hosts podcasts for the Spectator and former Great British Bake-Off presenter Sue Perkins, had put itself up for sale in February.

In the same month Candy and chairman Michael Tobin lent the company £3.1milliom.

In the latest boost to its coffers, Audioboom said it had netted £3.2million from selling a 10 per cent stake in the company to Singaporean group One Nine Two.

Audioboom shares surged 11.3 per cent, or 20p, to 197.5p after it reported turnover in the three months to September had risen by 15 per cent to £5million, while losses narrowed from £768,000 to £300,000. 

The group benefited from a rise in podcast listening during lockdown.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

You May Also Like

Exact amount Quality Street, Celebrations and Roses have shrunk revealed – shoppers say ‘they’re more paper than choc’

FAMILY favourite Christmas chocolates have been shrinking in size while rising in…

Is Vodafone broadband down? How to check status in your area

HUNDREDS of Vodafone customers have been left unable to access the internet.…

Investors eye bid to buy Soho House amid bankruptcy fears

Troubled times: Soho House’s first venue was opened in 1995 by Nick…

Five tricks to find the best bargains at charity shops

IT’S no longer just students who are realising that charity shopping is…