Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.
Edinburgh Fringe could be forced to close due to rising costs, warns chief executive April 11, 2023 The head of the Edinburgh Festival Fringe Society has warned the annual Edinburgh Fringe event is under “existential threat” due to rising costs faced by companies and venues. Speaking on Barry Fearn’s Leading Conversations podcast, Society chief executive Shona McCarthy said the lack of support had left the Fringe “cracking at the seams” before the [...]
Why Las Vegas’ El Cortez hotel in ‘Old Vegas’ is the city’s best stay April 11, 2023 The El Cortez hotel’s recent renovation shows how Las Vegas is finally celebrating its history, says Adam Bloodworth If you thought the Las Vegas Strip was nuts, try Downtown Las Vegas, which one local tells me has recently adopted the nickname of ‘Drowntown.’ “Growing up here, everything is crazy,” he says, his expression suggesting he’s [...]
Cineworld shareholders to be wiped out under new restructuring plan April 11, 2023 Shares in Cineworld tanked over 30 per cent this morning after the embattled cinema chain revealed that it would be forced to wipe out shareholders as part of its plan to exit bankruptcy. The London-listed firm, which filed for bankruptcy in the US last autumn, said today that it has filed a “plan of reorganisation” [...]
Junior doctors launch four-day strike over pay: What does it mean for you? April 11, 2023 Junior doctors across England have launched a four-day strike in a worsening dispute over pay which threatens huge disruption to the NHS. An estimated 350,000 appointments, including operations, will be cancelled as a result of the walkout by members of the British Medical Association (BMA). Doctors mounted picket lines outside hospitals from 7am on Tuesday [...]
Brits embrace ‘value’ fun as Hollywood Bowl’s revenue up 11 per cent and outlook raised April 11, 2023 Bowling operator Hollywood Bowl has lifted its outlook for the rest of the year after a 11 per cent increase in revenue, as Brits turned to the affordable activity in the cost of living crisis. The leisure business, which operates across the UK and Canada, said group revenue in the six months to March 2023 [...]
New investment trust plots £100m IPO in boost for London April 11, 2023 A new investment trust has revealed plans for a £100m float on the London Stock Exchange today in a boost to the capital’s markets after a barren start to the year. Ashoka WhiteOak Emerging Markets Trust announced this morning that it would list a new investment vehicle that to back quoted firms that provide exposure [...]
London IPO market slows to a crawl in 2023 as analysts warn ‘challenging’ times to come April 11, 2023 London managed only five IPOs in the first quarter of 2023, raising just £81m as the City’s flagship exchange struggles to attract new participants. The main market saw only two IPOs, from Dar Global and Streaks Gaming. The two IPOs raised a combined £63m, with £60m of that coming from luxury real estate firm Dar [...]
Apple and HP PC shipments tumble as pandemic-era boom begins to fade April 10, 2023 Global shipments of PCs have fallen in the first quarter of 2023 as a result of weak demand, high inventory and tough economic conditions, with Apple reporting the largest slump, according to the International Data Corporation (IDC). Shipments of Apple PCs fell by 40.5 per cent to 4.1 million units in the quarter compared to [...]
As Pension Ages Rise, What Does This Mean For Your Career? April 10, 2023 | Sponsored Pensions have been at the top of the news cycle recently. In January, French president Emanuel Macron announced a plan to raise the retirement age in France from 62 to 64. The move has sparked outrage, leading to mass protests, hundreds of arrests, and piles of rubbish littering streets as refuse workers walked out over [...]