Hostelworld beats expectations thanks to Asia travel demand boom March 21, 2024 Online travel agency Hostelworld Group has traded ahead of expectations during the preliminary year, thanks to an increase in demand for travel in Asia.
Evans Cycles: Big loss revealed in delayed results for brand owned by Mike Ashley’s Frasers Group August 8, 2024 Significantly delayed accounts for Evans Cycles have revealed how far the brand, which is owned by Mike Ashley’s Frasers Group, has slumped further into the red. According to results for the year to April 30, 2023, which have only just been filed with Companies House, Evans Cycles slipped to a pre-tax loss of £23.2m. The [...]
Center Parcs: Holiday giant’s profit hit as consumers tighten the purse strings August 1, 2024 Holiday park operator Center Parcs has seen a sharp fall in its pre-tax profit as "lower levels of disposable income" eroded consumer spending, according to newly-filed documents.
August interest rate cut not a ‘slam dunk’ after ambiguous labour market data June 11, 2024 "The labour market is gradually easing," Rob Wood, chief UK economist Pantheon Macroeconomics said, but an August cut is "not a slam dunk".
Trainline doubles profit as sales in Europe accelerate amid Labour’s nationalisation threat May 3, 2024 New ticket sales rose 22 per cent to £5.3bn up from £4.3bn in 2023 due to strong European demand and an ease in the impact of UK rail strikes.
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
London-listed software firm Idox cheers revenue rise following £15m acquisition June 11, 2024 Software company Idox plc said recurring revenue grew by 21 per cent to £43.1m in the six months to April.
ScotRail: Over £1.5m paid out because of delays, cancellations and disruption March 12, 2024 ScotRail has paid out more than £1.5m in compensation since being nationalised, according to new figures.
Strong January retail sales raise hopes UK already ‘moving out of recession’ February 16, 2024 Retail sales rebounded much more than expected in January, following a poor Christmas period, raising hopes that the UK economy will be able to escape recession within a matter of months. Figures from the Office for National Statistics (ONS) showed that sales volumes were up 3.4 per cent in January, compared to the 1.5 per [...]
Zizzi and Ask Italian owner Azzurri heralds strong year as it keeps building after Covid February 12, 2024 Hospitality investment firm behind popular eateries such as Zizzi, ASK and Coco reported strong revenue growth last year as it looks to build on new brands.