Taylor Swift, Football Boost British Digital Publisher Daily Mirror Reach

Daily Mirror and Daily Express publisher Reach also owns scores of regional newspaper titles across the UK. Photograph: Yui Mok/PA
Daily Mirror and Daily Express publisher Reach also owns scores of regional newspaper titles across the UK. Photograph: Yui Mok/PA
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Taylor Swift, Football Boost British Digital Publisher Daily Mirror Reach

Daily Mirror and Daily Express publisher Reach also owns scores of regional newspaper titles across the UK. Photograph: Yui Mok/PA
Daily Mirror and Daily Express publisher Reach also owns scores of regional newspaper titles across the UK. Photograph: Yui Mok/PA

Taylor Swift's Eras tour, the European soccer championship and the UK election boosted digital revenue for British news publisher Reach in its second-quarter, reversing a decline in the first.

The publisher of the Daily Mirror, Daily Express and regional titles and associated websites cut cost to improve its margin by 3.9 points, resulting in a 23% rise in first-half operating profit to 44.5 million pounds ($57.1 million).

According to Reuters, revenue fell 5.2% to 265 million pounds, reflecting double-digit declines in print advertising in both the first and second quarters. Digital revenue, however, rose 6.7% in the second quarter after falling 8.5% in the first.

Chief Executive Jim Mullen said: "Alongside our expertise in managing our print product, we have traded our digital assets hard and delivered an operating margin improvement."

He said the group was delivering multi-platform journalism, with 9 million people signed up to receive news direct to their devices, including by WhatsApp.

"We had that three week burst with the Euros, the election and the phenomenon that is Taylor Swift," he said on Wednesday.

"But also some of the traditional advertisers are going through a purple patch, so food retail helped print, but it also helped digital," he added.

Shares in the company rose 1.2% in morning deals.



Crickets Get Crunchy as Singapore Approves Edible Insects Amid Food Security Push 

A chef garnishes a plate of fried rice with house crickets during a showcase of insect-based dishes at the House of Seafood restaurant in Singapore July 16, 2024. (Reuters)
A chef garnishes a plate of fried rice with house crickets during a showcase of insect-based dishes at the House of Seafood restaurant in Singapore July 16, 2024. (Reuters)
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Crickets Get Crunchy as Singapore Approves Edible Insects Amid Food Security Push 

A chef garnishes a plate of fried rice with house crickets during a showcase of insect-based dishes at the House of Seafood restaurant in Singapore July 16, 2024. (Reuters)
A chef garnishes a plate of fried rice with house crickets during a showcase of insect-based dishes at the House of Seafood restaurant in Singapore July 16, 2024. (Reuters)

At Singapore's House of Seafood restaurant, the fish-head curry comes with a side of crunchy crickets, the tofu has bugs crawling out of it and the patrons can't get enough.

The seaside restaurant is the first eatery to put insects on the menu after the city state's stringent food authority this month approved for human consumption 16 species ranging from crickets to grasshoppers, grubs and mealworms after two years of deliberation.

Crickets and other insects have long been enjoyed as street food in Southeast Asia, but not in the wealthy financial hub, where food imports come with strict restrictions for safety and hygiene purposes.

Francis Ng, chief executive of House of Seafood, said customers love it when the dishes play up the insects, like that tofu dish he plated to look like bugs were crawling out of it, and a dish of glutinous rice balls studded with silkworms.

"It looks scarier so customers can film for their Tiktok," said Ng, adding that his phone has been ringing off the hook with customers eager to book a tasting.

The restaurant has drafted a menu with 30 dishes that feature insects, which they can sell to the general public once their importers are approved by the food authority. For now, Ng is offering free samples.

In 2019, Singapore declared it was aiming to produce 30% of its nutritional needs by 2030 instead of the current model where 90% of food is imports, and food security expert Paul Teng said insects could certainly help move towards this goal - if people got over "the yuck factor".

"Most insects are almost all protein," said Teng, who works at the Nanyang Technological University's S. Rajaratnam School of International Studies, adding that there needs to be local production to make this alternative protein source affordable.

"Getting people to accept insects in their diet is a challenge. But really, it's a normal food item. Let's do something about it to prepare the consumer for it," he said. "Me personally, I have no problem eating insects."

The United Nations has deemed bugs a sustainable source of protein to feed a global population estimated to swell to 9.7 billion by 2050 and global food security issues due to extreme weather and conflicts have also increased the interest in the high-quality, economical nutrition that bugs provide.

In Singapore, all insects approved for human consumption must be farmed in a controlled environment and not harvested from the wild, and cannot be fed contaminants like manure or rotten food, according to the food agency.

In tandem, the Food and Agriculture Organization has been promoting farming of insects for human consumption and animal feed, and there has been local interest to import insects, but cost remains a barrier for now: Ng said insects make up 10% of his costs at the House of Seafood, and they are all imported.

"The price is definitely higher than eggs," he said.

It's too early to tell if insects will become a feature of the Singapore diet or whether demand will fizzle out as it has for fake meat products.

But for now, some diners say they are happy to develop a taste for bugs.

"If they have a higher source of protein, why not? I'll add it to my daily meal and daily food intake," said Bregria Sim, a 23-year-old a logistics executive, adding she would pay around S$40 ($30) for the novelty dishes.