Etichetta: slump

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Heathrow hopeful of summer holiday boom after January passenger slump

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Heathrow airport has said more than 1.3 million passengers cancelled their travel plans over the Christmas and new year period because of Omicron, with hopes for a summer recovery after a weak start to the year. Il ...

Peloton to replace chief executive and cut 2,800 jobs amid sales slump

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Peloton, the troubled exercise equipment company, is replacing its chief executive and planning to axe 2,800 jobs as it deals with a post-pandemic sales crash. Co-founder John Foley, who has led the company for its en...

Out of the frump slump: how M&S lifted itself back into profit

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Identifying what customers really want when it comes to their wardrobes is a conundrum that has been plaguing Marks & Spencer bosses for decades. While the chain has had its eureka moments (that pink coat, which f...

Mick McCarthy on borrowed time as Cardiff battle to end slump

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Last week Neil Warnock borrowed Forrest Gump’s famous line, comparing the unpredictability of his Middlesbrough team to a box of chocolates. “You never know what you’re gonna get," Egli ha detto, doing his best impression o...

Great Britain’s retailers hit by longest spending slump since 1996

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Retail sales in Great Britain fell unexpectedly for the fifth month running in September, marking the worst slump for high street shops and online sales since modern records began in 1996. The Office for National Stat...

Eoin Morgan pledges to drop himself if batting slump goes on at T20 World Cup

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Eoin Morgan has backed himself to rediscover his form with the bat after a chastening time in the recently concluded Indian Premier League, and pledged to drop himself if he fails rather than hobble England’s chances ...

The pandemic-induced global slump is just part of a 20-year financial crisis

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Every year since 1978 the world’s central bankers have gathered to chew the fat at Jackson Hole in the Grand Tetons. This year’s star attraction is the most influential central banker of them all – Jerome Powell – and...

Lloyds Banking Group records £2bn profit after pandemic slump

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Lloyds Banking Group has announced one of its biggest acquisitions since returning to full private ownership and restarted dividend payments, after receding Covid risks helped the bank return to profit in the second q...

Cost of petrol in UK hits highest level since 2013 after pandemic slump

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The cost of a litre of petrol has risen by almost 20p since November to hit its highest level since 2013, according to research by motoring group the AA. The organisation said the average pump price in the UK was now ...

Tour de France: Mohoric wins stage seven but Roglic hopes slump

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Matej Mohoric won the 2021 Tour de France’s longest stage, from Vierzon to Le Creusot, slipping clear of the day’s breakaway group to take his first victory in the Tour, as overall race leader, Mathieu Van der Poel, io...

Upper Crust owner hit by £300m loss on back of Covid travel slump

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The owner of Upper Crust and Caffè Ritazza slumped to a pre-tax loss of almost £300m in the six months to the end of March, as Covid restrictions kept customers away from its outlets in airports and railway stations. ...

Scouts suffer worst membership slump since second world war

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The Scouts movement lost more volunteers and youth members in the last year than at any time since the outbreak of the second world war, as Covid lockdowns ended weekly meetings and forced helpers to step back. Active...

Vodafone shares sink after revenues slump

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Vodafone was the biggest faller on the FTSE 100 on Tuesday as investors reacted to lower than expected profits, a decline inrevenues due to the impact of pandemic travel bans and a drop in smartphone sales. While Vo...

Young double helps Wasps halt recent Premiership slump with win over Bath

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Wasps’ miserable run of Premiership results ended as they won a game featuring nine tries against Bath at the Ricoh Arena. The hosts had lost nine of their previous 11 games but survived a strong second-half rally fro...

ITV’s Harry and Meghan coup helps it rebound after £205m Covid slump

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ITV suffered a £205m hit to profits because of the Covid-19 pandemic last year, but cautiously hailed signs of a strong recovery in TV ad revenues, helped by Oprah Winfrey’s sensational interview with Prince Harry and...