Tenant restructurings hit shopping centre owner Capital & Regional March 5, 2020 Shopping centre owner Capital & Regional posted a drop in net rental income for last year as it was hit by retailer restructurings. Net rental income fell five per cent to £49.3m compared to £51.9m the previous year after a £3m hit from retailer company voluntary arrangements and restructuring plans. Adjusted profit fell 10.2 per [...]
Tube delays caused by faulty trains rise by a third March 5, 2020 The number of Tube delays caused by faulty trains has risen by almost a third in just two years, according to new figures. Between 2016-17 and 2018-19, the number of delays on the London Underground due to mechanical issues with the trains shot up from 3,806 to 5,040 – a 32 per cent increase. More [...]
UK incomes have stalled since 2016, but economists aren’t blaming Brexit March 5, 2020 Incomes have stalled and inequality has risen in the UK since 2016, official figures showed today, highlighting the size of the task the government faces in “levelling up” the country. The Office for National Statistics (ONS) said that growth in median income stalled between the 2016-17 financial year and 2018-19, growing on average 0.4 per [...]
BBC must avoid ‘narrow urban outlook’, warns new culture secretary March 5, 2020 The BBC must avoid a “narrow urban outlook” if it is to survive in the modern media landscape, the new culture secretary has warned. In his first major attack on the broadcaster, Oliver Dowden took aim at the BBC’s perceived bias and its failure to reflect the whole of the UK. “If we’re all honest, [...]
How do Manchester City’s central defenders stack up against one another? March 5, 2020 When Manchester City saw Vincent Kompany depart last summer they not only lost their captain and leader but also the club’s best central defender. The problem is that, despite the more than £1bn invested in the squad by the current ownership, they did not replace him. That decision has already come back to bite them [...]
Flybe passenger Q&A: What should I do if I was due to travel with Flybe? March 5, 2020 Any Flybe passenger will not be able to fly after the budget airline collapsed into administration in the early hours of this morning. It failed to obtain a £100m loan from the government to stay afloat. The airline issued a statement saying that “all flights operated by Flybe have been cancelled with immediate effect”. But [...]
England must rediscover creative spark in Triple Crown showdown March 5, 2020 England’s victory over Ireland in the last round of the Six Nations saw them take a significant step forward in performance. But in truth it came from a standing start. Eddie Jones’s men had been torn apart by the flair of the French before they stumbled to a win at Scotland in the swirling wind [...]
Capita shares dive 20 per cent on full year losses March 5, 2020 Shares in outsourcer Capita plunged 20 per cent this morning after it announced a £62m loss before tax for 2019. Capita said loss before tax was £62.6m, down from a profit of £272.6m last year. Revenue fell from £3.91bn last year to £3.67bn this year. In 2018, Capita launched a sweeping turnaround plan under new [...]
Flybe collapse: Passengers told not to travel as 2,000 jobs at risk March 5, 2020 British airline Flybe has collapsed into administration to leave 2,000 jobs at risk after it failed in its bid to secure a £100m government loan. The budget regional carrier blamed 2020’s coronavirus outbreak for draining customer demand for flights, and warned passengers not to travel to airports. Administrator EY has taken charge of the business [...]
Global airlines could take $113bn hit from Covid-19, four times worse than past predictions March 5, 2020 The International Air Transport Association (IATA) has said that the coronavirus could cost the global industry up to $113bn this year, nearly four times larger than previous estimates. The industry body’s best-case scenario sees a minimum hit of $63bn if the Covid-19 virus is contained within current markets, but said this figure could nearly double [...]
