Arrival of tourists increases business for Shaftesbury

It was today forwarded by Landlord Shaftesbury that the business for its tenants across the West End has increased due to a boost in overseas and domestic tourists to the capital.

The firm specified that with the arrival of visitors, healthy demand was maintained for its shops and restaurants in Covent Garden, Chinatown and Carnaby Street, since tenants continued to rake in profits despite the recession.

Michael Page reports 49% plunge in H1 profits

Britain's second-largest recruitment consultancy Michael Page International has reported a monstrous 49 percent plunge in profits for the first half of the year, indicating that a devastating year for the company is far from over!

Citing poor market conditions during the six months to June 30, Michael Page said that its profits for the 2009 first half fell to £43.2 million, as against the 2008 first-half profit figures of £84.1 million. In the UK alone, profits fell dramatically - to £6.1 million from £28.4 million!

Housing market records largest fall this year

British housing market has recorded a 2.2% drop in average asking prices in the past one month as compared with the previous month’s figures.

Data compiled by Rightmove, a property website, revealed that the average asking price for a home in England and Wales was £222,762, about £5,102 as compared with the last month.

However, the market is still optimistic regarding approaching time. It should be noted here that summer is usually a sleeping time for the housing market.

Tesco to offer double points on Clubcards

UK retailer Tesco PLC has plans to make its sales better by re-launching its Clubcard, its loyalty scheme next week and offering card- holders double points on all spending at its store.

Tesco's new as well as existing Clubcard holders will get two points for every £1 they spend at any Tesco store or online, starting from Monday.

The points will finally be converted into vouchers which can be spent at cinemas, restaurants and attractions which have agreements Tesco.

Allied Carpets closes 142 stores, hacks 850 jobs

Retailer Allied Carpets has slashed as many as 850 jobs and locked 142 stores, citing weak demand for its products.

However, BDO Stoy Hayward's business restructuring partner, Dermot Power said, "Although the stores are closed, we are still in negotiations with a number of interested parties."

BDO Stoy Hayward, the administrator said that it had 55 stores to Clive Hutchings, former CEO of Allied Carpets. The company is further looking to offload twenty outlets, which remained operational.

UK offers £340m loan to Airbus; US objects

Business secretary, Lord Mandelson's promise to provide European plane-manufacturer, Airbus with a loan worth £340 million to develop its new wide body A350 XWB plane, has raised the hackles of America.

However, the promised amount is just the half of what the Airbus had asked for. Airbus' sites in England specialize in wing-manufacturing.

Lord Mandelson said the financial assistance would safeguard as many as 1,200 jobs at Airbus' plants in Filton and Broughton. It will also protect additional 5,000 at Airbus suppliers.

Pages

NEWS IN FOCUS

Betting Analytics Firm Genius Sports signs data deal with Premier Lacrosse League

Sports betting analytics firm Genius Sports has confirmed that it has signed a deal with the Premier Lacrosse League (PLL), becoming the official data and integrity partner of the professional lacr

Angel of the Winds Casino Resort

The Angel of the Winds Casino Resort in the state of Washington has finally been reopened for gamers and betters, nearly two months after the state governor passed ‘stay-at-home’ order in a bid to

Caesars Entertainment unveils plans to reopen casinos across USA

Gaming hotel and casino giant Caesars Entertainment Corporation has unveiled much-awaited plans for reopening its casinos and resorts across the nation that have been closed for around a couple of

British MPs criticize gambling firms for their ‘thinly veiled’ adverts

British politicians have severely criticized gaming firms, alleging that the firms have made a dent into their own pledge in which they had agreed to stop advertising during the lockdown period.

Gambling firm Betway slapped with £11.6M fine for accepting stolen money

Online gambling firm Betway has been slapped with a hefty fine of £11.6 million for accepting stolen money, a move representing Gambling Commission’s increasing pressure on the industry to do more

Bundesliga announces restart: Dynamo Dresden's Team will be in two-week isolation

Bundesliga recently announced restart of the match season after coronavirus pandemic threw all the schedules out of order.

Taiwan and Vietnam set examples in discipline while keeping COVID-19 under control

Taiwan and Vietnam have been in the news recently as both these nations have managed to contain COVID-19 infections.