Hospitality needs a magic spark of confidence to boom, brewery boss says October 10, 2024 The boss of Britain’s oldest brewer, Faversham-based Shepherd Neame, has suggested that the hospitality industry is nearly ready for a return to a boom period, but only is we serve up a spark of confidence. Neame suggested that if fundamentals remain strong and mortgages continue to fall, consumer spending on hospitality would follow a similar [...]
US inflation comes in above expectations following hot jobs report October 10, 2024 US inflation came in slightly above expectations in September, bolstering the case for a slower pace of rate cuts over the coming months. Figures from the Bureau of Labor Statistics showed that the headline rate of inflation fell to 2.4 per cent in September, down from 2.5 per cent last month but slightly ahead of [...]
Birmingham Airport to finally shake off demise of Thomas Cook and Flybe October 10, 2024 Birmingham Airport has said it is finally set to shake off the demise of Thomas Cook and Flybe as well as the impact of the Covid-19 pandemic. The transport hub increased its passenger numbers to 98 per cent of pre-pandemic levels in 2023, up from 86 per cent in 2022, and is now forecasting it [...]
The View from The Shard remains troubled despite ‘positive’ outlook October 10, 2024 The company behind the viewing gallery at The Shard remained in the red for a fourth consecutive year despite it its revenue continuing to rise. The London attraction has reported a pre-tax loss of £678,839 for 2023, according to newly-filed accounts with Companies House. The total comes after the firm also posted a pre-tax loss [...]
Arsenal are overachieving in the Premier League, but do fans appreciate it? October 10, 2024 In a parallel universe, Arsenal have already beaten Manchester City to the title. Forget Pep and Mikel’s inflamed war of words in this season’s scrap for the Premier League trophy; the Gunners have bagged the prize for outperforming their playing budget. Football, though, must ultimately be about fans’ dreams, not investors’ and bank managers’ bottom [...]
Markets divided over Chancellor Reeves’ rumoured fiscal rule shift October 9, 2024 According to a report in the Guardian, Reeves wants to change the rules so that the longer-term benefits of capital spending are accounted for in the fiscal rules.
John West makes first loss since 2010 after reversing failed pricing decision October 9, 2024 Canned tuna brand John West has fallen into the red for the first time since 2010 after reversing a failed decision to pass on price rises to its customers. The Liverpool-headquartered business has reported a pre-tax loss of £6.7m for 2023, having reported a profit of £2m in 2022. The last time John West posted [...]
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
How BT, EE, Plusnet, Talktalk, O2 and Virgin Media misled customers over mid-contract price rises October 9, 2024 Six of the UK’s biggest broadband providers, BT, EE, Plusnet, Talktalk, O2 and Virgin Media, failed to make mid-contract price increases clear to consumers, the advertising watchdog has ruled. The Advertising Standards Authority (ASA) said the companies misled consumers by placing important information about price rises separately to headline prices and in areas of less [...]
Manchester City say Premier League rule is now void. Lawyers disagree October 8, 2024 Lawyers have shot down claims by Manchester City that the Premier League’s associated party transaction (APT) rules should be considered “void” following the club’s partially successful legal challenge. In a letter to the other 19 top-flight clubs, Manchester City general counsel Simon Cliff said APT rules – designed to prevent clubs benefiting from artificially inflated [...]