DCMS fear rugby future as £30m in taxpayer loans expected to be written off December 18, 2024 The government could be forced to write off nearly £30m of taxpayers’ money loaned to sports bodies, clubs and the arts during the Covid-19 pandemic. The figures, revealed today by the National Audit Office, provide a stark update on the £474m aid package provided by the Department of Culture, Media and Sport. Rugby union was [...]
Schuh has created over 1,000 jobs since lowest pandemic ebb November 4, 2024 Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck. The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months. Until the end of its [...]
Letter to the editor: Why the Covid Inquiry should interest City A.M. September 24, 2024 [RE: The UK economy is suffering from long Covid and a short memory, 23 Sept] It was disappointing to read the suggestion from your editor-in-chief Christian May yesterday that the “main purpose” of the UK Covid-19 Inquiry is “a form of stage-managed catharsis”. I cannot agree.It is estimated that the total cost of UK government [...]
Swissport makes first UK profit since 2018 as sales finally recover from Covid September 5, 2024 The UK arm of Swissport has returned to the black for the first time since 2018 as its turnover recovered to pre-pandemic levels. The Cheshire-headquartered division of the aviation services giant also created 1,400 jobs during its latest financial year but its total headcount is still significantly lower than it was in 2019. Swissport has [...]
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
Covid-19 Inquiry: Government and the civil service ‘failed’ the public July 18, 2024 A major flaw, according to the inquiry, was the lack of “a system that could be scaled up to test, trace and isolate” people.
Ipsos Mori: Profit rises for UK General Election polling giant July 12, 2024 Profit rose at the UK arm of polling giant Ipsos Mori ahead of the UK General Election, newly-filed accounts have revealed.
Bistrot Pierre cuts jobs and closes restaurants as it tumbles further into the red July 2, 2024 French restaurant chain Bistrot Pierre has more than 100 staff and closed multiple sites as its goal as it battled to return to profitability.
Buzz Bingo hails ‘reset’ as chain posts best results since Covid-19 pandemic July 1, 2024 The company behind Buzz Bingo cut its pre-tax loss as its sales passed the £200m mark during its latest financial year, according to new figures.
Rolls-Royce now worth over £40bn thanks to ‘Turbo Tufan’ June 21, 2024 Rolls-Royce has cemented its status as a darling of the London Stock Exchange after its value passed £40bn for the first time ever.