British tennis facing £30m reduction in revenue after COVID-19 pandemic wipes out major events such as Wimbledon and Queen’s… resulting in 40% loss of LTA income The LTA’s loss of income will see an ongoing programme of cost cutting The AELTC is finalising its insurance claim for Wimbledon’s cancellation in 2020 There is hope that … Read more
The Gym Group saw revenues cut by half and swung to a loss in the past six months after it closed branches during the coronavirus lockdown. The company, which operates 183 gyms across the UK, said it made ‘virtually no revenue’ after shutting sites at the end of March. Revenues fell by 49.6 per cent … Read more
BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide By This Is Money Published: 08:04 BST, 3 August 2020 | Updated: 08:09 BST, 3 August 2020 HSBC has reported a 65 per cent drop in pre-tax profit in the first half of the year as the UK’s largest bank was … Read more
Sky suffer a £575MILLION drop in revenue as TV subscribers switch off with the suspension of Premier League football and a lack of sport to blame during the coronavirus pandemic Sky have reported a £575million fall in revenue amid the coronavirus crisis The broadcaster lost 5 per cent of its sports subscribers during the lockdown … Read more
Healthcare revenue falls by nearly HALF across the US during the pandemic after Americans avoided hospitals for fear of catching COVID-19 Researchers found that healthcare revenue saw a 48% decrease in April 2020 compared to the same time last year Professional health services were also used 68% less during the coronavirus pandemic from 2019 Oral … Read more
Instagram introduces ads and purchasable badges to IGTV that let creators share in revenue for first time Instagram will allow IGTV creators to share in ad revenue The ads will be rolled out to select creators’ channels Creators will take a 55 percent cut while the rest goes to Instagram The platform will also roll … Read more
Coronation Street and Emmerdale stars ‘are bracing themselves for a pay cut as ITV ad revenue falls but station’s top talent like Holly Willoughby, Phillip Schofield and Ant and Dec are safe’ ITV stars are reportedly bracing themselves for pay cuts as the channel’s ad revenue has plummeted amid the coronavirus crisis Top stars such … Read more
If you’re trying to move house and are unsure how the Government’s announcement will affect you, removal quote provider Reallymoving has put together the following advice: Securing a mortgage · Be prepared to provide evidence of job security, something banks will be checking even more closely than usual. · With surveyors currently unable to carry … Read more
Coronavirus could fuel rise in gang warfare as rival dealers battle over ‘dwindling revenue streams’ from lack of parties and drug use amid crisis, ex-Met Police counter-terror chief warns The lack of social interaction because of coronavirus could fuel drug gang wars A former counter-terror chief has warned the violence may strain the NHS more … Read more
FTSE CLOSE: Retail sales slide again; Ladbrokes owner hails ‘excellent’ year; Gym Group posts healthy revenue growth By This Is Money Published: 08:13 GMT, 17 January 2020 | Updated: 17:10 GMT, 17 January 2020 The FTSE 100 closed up 64.75 points at 7674.56 and the pound was at $1.30 against the dollar. In the … Read more