‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Hotels cashed in on scorching summer but face gloomy winter freeze August 30, 2022 British hotels cashed in last month during a scorching heatwave, but the industry fears its profits will freeze up as the UK prepares for bleak economic times. Holiday destinations across the country had a record-breaking summer with a new survey showing more than 77 per cent occupancy in July compared to 73 in June. This [...]
Overseas travel down by third as Brits shun holidays abroad for UK getaways July 21, 2022 Britons might be shunning holidays abroad in favour of a UK getaway as overseas travel has gone down by a third. According to data from the Office for National Statistics, visits overseas went down to 5.6 million in April this year – 33 per cent below 2019 levels. Whereas searches for UK destinations went up [...]
Holiday for part time staff should not be pro-rated, Supreme Court rules July 20, 2022 The UK’s Supreme Court today ruled that a visiting music teacher on a zero hours contract should be entitled to the same holiday benefits as her full-time colleagues. The landmark ruling is set to open the door to claims from hundreds of thousands of part-time and casual workers for the same holiday pay as their [...]
Parkdean Resorts: £1.6bn sale of holiday park giant stalled over slow UK growth concerns June 9, 2022 The UK economy’s slowing growth is reported to have stalled the £1.6bn sale of Parkdean Resorts following a sixth month auction process. The holiday parks operator and its owner Onex Corporation took the decision to call off the move amid concerns about a possible UK recession, and its impact on the staycation market. This week, [...]
Lego staff get to play with three extra days off after profits surge 140 per cent November 30, 2021 Lego has rewarded its 20,000-strong workforce with three extra days off and a bonus after the world’s biggest toymaker had an “extraordinary” year of profits, according to reports. The Danish company’s owners wanted to acknowledge employees’ contributions, a Lego spokesperson told Bloomberg. The family-owned business recorded a net profit of 6.3bn Danish kronor (£715m) for the [...]
Holiday destination Crete hit by second powerful earthquake in two weeks October 12, 2021 Holiday destination Crete has been struck by another strong earthquake just two weeks after one which killed a man. Today’s earthquake, which reached a magnitude of 6.3, according to reports, “was felt all over the island”, Crete’s deputy regional governor, Yiannis Leondarakis, told Greece’s state-run radio. There have not yet been any reports of injuries [...]
Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
Brits rush to book holiday breaks abroad as restrictions ease October 6, 2021 As travel restrictions are eased and the UK Government has effectively scrapped the traffic light’s system, Brits didn’t hold back when planning holidays abroad again. By analysing some of the most-search destinations, online travel giant Booking.com has revealed Spain, New York and Dubai coming out top in the most-searched holiday spots. Data also revealed that [...]