Hollywood Bowl: Record revenue for ten-pin bowling operator but shares drop December 17, 2024 Ten-pin bowling operator Hollywood Bowl has reported record revenue this year as Brits continue to flock to competitive socialising venues. The firm, which operated 85 venues across the UK and Canada, said revenue rose 7.1 per cent in the year ended 30 September 2024, from £215.1m to £230.4m. Earnings before interest, tax, depreciation and amortisation [...]
UK wages continue to surge as Bank of England set to decide on interest rates December 17, 2024 UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]
Water firms to be forced to increase customer compensation for failures December 17, 2024 The changes come after a series of outages earlier in May left tens of thousands of homes in Brixham without clean drinking water.
All I want for Christmas is a pint of Guinness December 16, 2024 Whispers of a Guinness shortage in the Square Mile are not something City AM takes lightly. Some sleuthing in the financial district’s watering holes calmed a few nerves yesterday but the picture remains far from certain. While a good number of pubs had either run out or were down to their last barrel or two, [...]
Where’s the Christmas spirit? Gin and beer demand slumps this year December 16, 2024 Demand for spirits and beer has sagged this year as Brits opted for healthier and cheaper alternatives to their traditional tipple, according to new data. A combination of the cost-of-living crisis and government hikes on alcohol duty have pushed some bottles out of reach, with 10 per cent tax hikes pushing up the price of [...]
Reeves’ pension review pause could be ‘hugely detrimental’ December 16, 2024 Experts have slammed the chancellor’s decision to pause a review into pensions, saying failure to act could “leave millions of people at greater risk of an income shortfall”. Rachel Reeves has reportedly shelved plans to reform pension adequacy in a bid to avoid piling more pressure on business. The Financial Times first reported that it [...]
Ministers warned not to cave to ‘short-sighted’ carmakers on EV targets December 16, 2024 The government is currently considering relaxing new rules enforcing certain electric vehicle sales targets each year.
Canal+ float fails to make a splash as shares fall more than 23 per cent December 16, 2024 The float of Canal+ on the London Stock Exchange got off to a shaky start with its share price dropping more than 23 per cent, valuing the company at around £2.4bn. The only £1bn-plus IPO of the year is the product of a long-awaited breakup of Paris-based Vivendi, which acquired Canal+ in 2000. Shares of the Paddington [...]
UK companies cut jobs at fastest rate in nearly 4 years December 16, 2024 The private sector cut jobs at the fastest rate for nearly 4 years in December as firms respond to new tax rules announced in the Budget. The latest S&P Global Flash UK Purchasing Managers’ Index (PMI) found that while the headline figure for business confidence was unchanged from November, thanks to a marginal increase in [...]
Shares in Ladbrokes owner Entain slump on money laundering investigation December 16, 2024 Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction Reports and Analysis Centre (Austrac) said on Monday that Entain’s Australian subsidiary failed to properly identify anti-money laundering risks in its first proceedings against an [...]
