Travelodge reveals record first half as blockbuster London summer drives demand August 24, 2023 Budget hotel chain Travelodge has revealed a record first half, with underlying earnings up 48 per cent, thanks to booming demand for both business and leisure trips and its best ever night in London. Travelodge reported its highest ever revenue night in London in July, as Brits flocked to Blur’s concert at Wembley and Bruce Springsteen [...]
PureGym: “If we build it, they will come” says gym chain riding out cost hikes August 24, 2023 Value fitness club PureGym appears to have muscled its way through the start of the cost of living crisis with revenues spiking almost a fifth. During the quarter it steamed ahead with its expansion plans to open one new site per week, amounting to 20 new sites in the UK. The business, which offers competitive [...]
Career progression is stalling for working mothers in the UK August 24, 2023 According to the government in its Gender Equality at Every Stage roadmap, companies which come in the top 25% for gender diversity on their executive team are 21% more likely to experience above-average profitability than companies which lie in the bottom quarter. Additionally, the roadmap says that in terms of the economy, reducing gender gaps [...]
Hays: Hiring slowdown hits profit as longtime boss steps down August 24, 2023 Global recruitment firm Hays has appointed a new chief executive after a near six month hunt for a new head. The London-listed company named Dirk Hann, its current managing director of Hays Germany and CEMEA as replacement for Alistair Cox, who said was stepping down after 15 years at the helm in February. Hann will [...]
Liontrust shares surge as dramatic GAM takeover pursuit fails August 24, 2023 Liontrust's lengthy and dramatic pursuit of ailing Swiss fund manager GAM appears to have come to an unsuccessful end.
China’s slumping economy signals the end of a high growth era August 24, 2023 Exports have slumped, growth has stalled and the economy even slipped into deflation. The youth unemployment figures have gotten so bad that the government has stopped publishing them. These figures - or their absence - reveals more than an economy struggling to grow after Covid. What they demonstrate is that China’s growth model over the past few decades has run out of steam.
LinkedIn ‘influencers’ could sway votes – just not the way they were hoping to August 24, 2023 LinkedIn creators looking for validation in their politics might just learn the hard lessons of Brexit - sometimes it can push people into the open arms of the opposite camp, writes Michael Martins.
Building Riverside Studios from Scratch: An Epic Journey in Creativity, Laughter, and Heartfelt Stories in Just One Year August 23, 2023 In the heart of the bustling city at City AM’s HQ on the riverfront, where dreams are spun, I embarked on a journey that was equal parts comedy and triumph. Riverside Studios, a dream brought to life from scratch, became not just a studio, but a testament to the power of perseverance and the thrill [...]
Calls to cut taxes show ‘questionable judgement’, economists warn August 23, 2023 Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show “questionable judgement”. Three backbench Conservatives piled the pressure on, according to the Financial Times, with calls for “personal tax reductions” to “stimulate the economy”. The pleas came after figures from the Office for National [...]
Communication Key in the Hospitality Industry’s Sustainability Growth August 23, 2023 “It’s important to understand how sustainability has evolved over the last few years, particularly in the luxury segment where people originally thought that you were introducing practices, because you wanted to reduce costs opposed to actually driving sustainability,” explains Francisco Macedo, Group Operations Director at Iconic Luxury Hotels. “There is a huge interest and a [...]