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. [...]
Rachel Reeves: ‘Britain didn’t need a recession to bring down inflation’ February 15, 2024 "I don’t buy this argument that you need to have a recession to get inflation down," the shadow chancellor said at a press conference.
Rich Brits only group to pocket disposable income rise as inflation chokes poorest families’ finances June 26, 2023 The richest households in the UK are the only group to have undergone a living standards improvement over the last year, while poorer families are being whacked by sky high energy and food bills, according to research out today. Top earners in Britain have seen their post-bill weekly income increase 2.1 per cent over the [...]
Excl: Brits’ spend on restaurants and takeaways behind pre-Covid average November 28, 2022 Brits are now spending far less on meals out and takeaways than they were on the eve of the Covid-19 pandemic, as consumers and businesses grapple with rising costs. Diners are forking out 16 per cent less per month in restaurant spending on average, versus 2019, according to exclusive research shared with CityA.M. Average spend [...]
Miliband hits out at Sunak over net zero policy shift September 23, 2023 Rishi Sunak “does not give a damn” about climate change, Ed Miliband claimed following the Prime Minister’s decision to postpone a series of green policies. The shadow net zero secretary said Mr Sunak saw the drive to cut emissions as an obligation forced on him rather than an economic opportunity. Addressing the online conference of [...]
Canary Wharf hits new record as Docklands hub goes seven-days-a-week January 22, 2024 Retailers at Canary Wharf Group reported a record number of visitors last year, as the boss behind the operation hailed it as a “seven day week” operation.
Wagamama owner TRG dines out on cost savings as closure programme continues July 19, 2023 Wagamama owner The Restaurant Group (TRG) has seen revenues rise despite the cost of living crisis, it confirmed this morning, with plans to reduce overheads with a raft of closures continuing apace. Like-for-like sales in its most popular chain, Wagamama grew 21 per cent in the two weeks to 16 July 2023, despite trading being [...]
UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
High interest rates set to dampen lending to firms in 2024 before rebound next year February 19, 2024 High interest rates are expected to limit banks' lending to businesses this year before a rebound in 2025, according to a new forecast, as sticky inflation and high interest rates dent firms' confidence.
Ferrari: Record year sees supercar maker race past one billion euro milestone February 1, 2024 Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history, its chief executive has announced.