Publishers’ digital revenue on way up despite despite inflationary pressure December 15, 2022 Digital revenue is on the way up as recruitment sites lead the way for online growth. A new report from the Association of Online Publishers (AOP) and Deloitte found total digital revenue for the third quarter of this year was up by 2.7 per cent from last year to £153.5m. Recruitment sites continued to see the strongest [...]
Currys slashes profit forecast as boss warns ‘tough environment’ isn’t going anywhere December 15, 2022 Currys has booked a loss as its chief executive warned that a “tough environment” showed little signs of disappearing in the short-term. The laptop-seller slashed its full year outlook from an initial target range of £130m to £150m to a lower target of £100m to £125m. It posted a group adjusted loss of £17m for [...]
Harlequins’ Big Game in doubt over train strikes December 14, 2022 Premiership rugby club Harlequins’ showpiece annual game, Big Game, has been thrown into doubt over rail strikes on 27 December. In an alleged email seen by City A.M. and posted into a fan forum, fans were told that the club had taken the “extremely difficult decision to postpone the Big Game 14 fixture at Twickenham”. [...]
The Christmas Quiz: Twelve questions to test your grey matter December 14, 2022 Roll up, roll up, for the City A.M. quiz in association with Deloitte's economics team. Twelve questions, all (just about) related to business and economics
Explainer-in-brief: Snowballing homelessness in London December 14, 2022 For some, the snow has brought a layer of white beauty to our capital. For others, it is a menace. When temperatures fall below zero degrees, something called the Severe Weather Emergency Protocol is activated to support people sleeping rough. Mayor Sadiq Khan activated it last week, and councils and charities have been scrambling to [...]
European rugby attendances point to major issue for the sport December 14, 2022 Hopes of a newfound interest in the European Champions and Challenge Cups took a hit this weekend as home sides struggled to fill their terraces for what some argue are the best club competitions in world rugby. Attendances peaked at a bastion of European rugby in Munster’s Thomond Park where 21,884 watched the province lose [...]
Tui Group’s revenues take off as holidaymakers return to the skies December 14, 2022 Tourism specialist Tui Group (Tui) has begun to show signs of recovery from the pandemic, recording a four-fold increase in revenues.
Odeon leaks losses two years after pandemic as UK-wide admissions below 2019 levels December 13, 2022 The UK’s biggest cinema chain Odeon is still spooked by COVID-19 with the industry suffering a £5bn loss. The company saw losses of £37,199,000179 with only 74 million people coming to cinemas, compared to 2019’s 179 million people Recent monthly admission numbers from the UK Cinema Association show that attendance in 2022 continues to be low. [...]
Suppliers hit with £2bn debt heading into winter, predicts Cornwall Insight December 13, 2022 Domestic energy suppliers could be exposed to nearly £2bn of debt. warns energy specialist Cornwall Insight.
Hapag-Lloyd forecasts small increase in shipping demand towards year’s end December 13, 2022 Shipping giant Hapag-Lloyd has forecast a small and short-lived uptick in demand towards the year’s end. The world’s fifth-largest shipping company saw a decline in demand in September and October as the cost-of-living crisis weakened consumers’ appetite. “I don’t think the market is as weak as it was four or eight weeks ago,” chief executive [...]