On the Beach remains optimistic despite first-half loss | News

On the Beach recorded a first-half loss of £34 million in the six months to the end of March, compared to a profit of £12 million for the same period last year. The reversal in fortunes was pinned on the sharp slowdown in travel following the Covid-19 pandemic. Revenue slumped by two thirds over the period, to £21 million. The company did not declare an interim dividend. The bleak result included exceptional costs of £35 million, which the company said represented the estimated cost of Covid-19 to trading in the…

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Gatwick optimistic about future despite coronavirus hit | News

Gatwick has said it remains “very optimistic” about its future prospects despite taking a series of hits during the Covid-19 outbreak. The south London airport is currently operating from one terminal having seen demand for travel collapse in the wake of the pandemic. Releasing its financial results earlier this month, officials at Gatwick added demand might not return to 2019 levels for as long as four years. “The Covid-19 pandemic has had a severe impact on the aviation sector, but we remain confident that the industry will recover as air…

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Fashion Executives Braced for Pain, But Optimistic Long-Term, Says BoF Survey | Intelligence

LONDON, United Kingdom — The rapid spread of coronavirus over the last month has hit the fashion industry like a gut punch, disrupting both supply and demand, and bringing retail sales to a grinding halt across large swathes of the global market. Near-term, fashion’s top executives have a grim outlook. In a recent survey of over 400 business leaders within BoF’s community, nearly all said that the current crisis would hurt their business this year. Fifty percent of respondents said it would affect their operations “very negatively.” And yet, two…

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