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 [...]
Cooking up a storm: Recipe biz Mob will be ‘smart about revenue’ amid recessionary hit on digital ads December 13, 2022 Recipe social media firm Mob has said it will move away from third-party revenue streams this year as digital advertisers’ budgets shrink. Ben Lebus, founder of the food-focused platform and recipe book business, told CityA.M. the firm needed “to be really smart about where we’re getting revenue from” amid the economic crunch. Mob, which has [...]
Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]
Energy firms say they want to do good, so why don’t they care about social mobility? December 13, 2022 The UK’s Big Six energy companies have raked in more than a billion pounds of profit as record hikes in bills force many families to choose between heating and eating this winter. Yet not a single one of them could be bothered to enter the country’s leading Index on how well employers are doing to [...]
Heathrow assures Border Force strikes won’t impact travellers as activity falls December 12, 2022 Heathrow has assured travellers that their journeys will be unaffected by Border Force strikes, as the number of people using the airport falls. Last week, Border Force staff working at several UK airports agreed to strike over the Christmas period in a long-standing dispute over jobs and pay. Members of the union PCS will walk [...]