What's going to collapse next...

[JFK]

15 hours ago, Herby said:

Gap to close all UK stores.. 

https://www.bbc.co.uk/news/business-57670737

Gap to close all 81 stores in UK and Ireland
Published52 minutes ago

Unsurprising.  Probably go online - like most retailers.  

Who the fuck buys or wears Gap stuff anyway now? Not seen anyone wearing their clothing for years

[leonardratso]

2 hours ago, JFK said:

Unsurprising.  Probably go online - like most retailers.  

Who the fuck buys or wears Gap stuff anyway now? Not seen anyone wearing their clothing for years

hey, i clean my engine parts with some old gap sweatshirts, they do have some use.

[HousePriceMania]

3 hours ago, JFK said:

Unsurprising.  Probably go online - like most retailers.  

Who the fuck buys or wears Gap stuff anyway now? Not seen anyone wearing their clothing for years

[Bilbo]

Slough Council 🤣

 

https://order-order.com/2021/07/02/labour-slough-council-declare-bankruptcy/

[HousePriceMania]

17 minutes ago, Bilbo said:

Slough Council 🤣

 

https://order-order.com/2021/07/02/labour-slough-council-declare-bankruptcy/

https://www.getreading.co.uk/news/reading-berkshire-news/slough-borough-council-declares-itself-20954656

Slough Borough Council declares itself bankrupt and cannot DOESN'T WANT TO balance its budget

 

Edited July 2, 2021 by HousePriceMania

[sancho panza]

On 21/06/2021 at 14:58, lid said:

JLR could be facing six weeks more downtime, due to the chip shortage, rumour has it

https://wolfstreet.com/2021/06/30/is-this-inflation-temporary-vehicle-prices-go-nuts-dealers-make-record-profits-consumers-pay-whatever-it-takes-whole-mindset-changed/

Ford announced on Wednesday that it would cut production at eight US assembly plants in July and into August due to the semiconductor shortage.

[Chewing Grass]

They are basically falling victim to putting too much tech into a product that delivers a basic function, getting from A to B.

Some of it is due to ever increasing legislation but most of it is down to the vanity of 'consumer expectations' courtesy of Mr Touchscreen and fancy devises such as elaborate four wheel drive control systems, cameras and such ludicrous things as getting rid of 'the mirror' for another LED Screen.

[eek]

9 hours ago, Chewing Grass said:

They are basically falling victim to putting too much tech into a product that delivers a basic function, getting from A to B.

Some of it is due to ever increasing legislation but most of it is down to the vanity of 'consumer expectations' courtesy of Mr Touchscreen and fancy devises such as elaborate four wheel drive control systems, cameras and such ludicrous things as getting rid of 'the mirror' for another LED Screen.

Nope they are falling victim to a supplier cancelling (at short notice) a production run last year.

That created problems for the manufacturers who are now prioritising any other customers first.

[Chewing Grass]

1 hour ago, eek said:

Nope they are falling victim to a supplier cancelling (at short notice) a production run last year.

That created problems for the manufacturers who are now prioritising any other customers first.

Yep, BEV's & 4x4's as well as Normal Vehicles managed perfectly well without microprocessors until 1978/9.

Indeed you could still drive your 1978 RS2000 / Mini / Vauxhall Chevette today and they would probably withstand and EMP to boot (without having to boot).

Simplicity as they say is the ultimate sophistication.

Have you ever heard of the Reece Fish?

https://www.embitel.com/blog/embedded-blog/automotive-control-units-development-innovations-mechanical-to-electronics

[janch]

14 hours ago, Chewing Grass said:

They are basically falling victim to putting too much tech into a product that delivers a basic function, getting from A to B.

This applies to most electronic consumer goods not just cars.  Who uses more than one or two programmes on their washing machine? 

I had a perfectly good M reg Vauxhall Corsa which you opened with a key and had handles to wind down the windows etc.  I won't drive now after I ditched it because I don't want any fancy electronics and I wouldn't be able to buy a new car without them.

[Andersen]

On 10/01/2021 at 10:51, Andersen said:

The Vatican?   One to watch, including a recent $220M London land deal that tried to skirt reporting requirements  https://bishoppatbuckley.blog/2020/02/22/vatican-to-be-bankrupt-in-3-years/ 

Magna Global Property Investment - recently sent out an email to say they have gone bust. I can't see any official announcement yet. Homepage  https://magnagroupglobal.com/ background article  https://bondreview.co.uk/2020/08/06/magna-globals-mix2-posts-1-million-loss-madelins-luxury-lifestyle/ 

I called it ...Vatican rocked by financial real estate (& other fraud) scandal 

https://www.mail.com/int/news/europe/10979260-vatican-trial-opens-financial-scandal-rocking-papa.html#.1258-stage-rightcolumn1-1

[Andersen]

Vatican City has changed it's own law so it can prosecute a Cardinal & accomplices  

A trial opened Tuesday within the Vatican City’s imposing walls of 10 defendants, including a once-powerful cardinal, in a case based on a sprawling probe into the allegedly criminal management of the Holy See’s portfolio of assets, including donations by countless Catholics from the pews. 

Less than three months ago, it would have been impossible for a cardinal to be in the dock in Vatican City State, which has its own justice system and even a jail. But Francis had a Vatican law changed so that Vatican-based cardinals and bishops can be prosecuted and judged by the Holy See’s lay criminal tribunal as long as the pontiff signs off on that. Previously, Vatican cardinals could only be judged by their peers, a court of three fellow cardinals.

From https://www.mail.com/int/news/europe/10982770-cardinal-9-trial-vatican-money-scandals.html#.1258-stage-rightcolumn1-1

[Sugarlips]

On 25/01/2021 at 18:17, spygirl said:

I cant think of anywhere else in the UK that relies as much on both OAP moving there and spending money and UK tourisms than Bournemouth.

Bournemouth faces 'biggest challenge' in recovering from Covid crisis

https://www.bournemouthecho.co.uk/news/19034608.bournemouth-faces-biggest-challenge-recovering-covid-crisis/

 

Prices appear to have gone completely stratospheric now.

Nice enough (despite the gray) but fuck me that expensive for living near the Grove.

https://www.rightmove.co.uk/properties/110393090#/media?channel=RES_BUY&id=media19&ref=photoCollage

[Noallegiance]

20 minutes ago, Sugarlips said:

Prices appear to have gone completely stratospheric now.

Dunno what you mean...

https://www.rightmove.co.uk/properties/90291340#/?channel=RES_BUY

[eek]

14 hours ago, Noallegiance said:

Dunno what you mean...

https://www.rightmove.co.uk/properties/90291340#/?channel=RES_BUY

18 hours per acre so room for 7 on that piece of land. 

£100,000 per building plot isn't bad for the area (it's completely insane but it's not bad for the area).

Edited August 12, 2021 by eek

[HousePriceMania]

https://www.dailymail.co.uk/news/article-9904243/Two-firms-Rishi-Sunaks-wife-shares-bust.html

 

Two of firms that Rishi Sunak's wife had shares in go bust owing £623,000 to taxman - after one secured £1.3m in Covid cash from husband's scheme

 

 

[Andersen]

Energy suppliers? 5 have already folded this year, another ~40 are at risk https://www.dailymail.co.uk/news/article-10008673/Is-energy-firm-bust-it.html

Could also go in the "Gas & 'leccy" thread 

 

 

[King Penda]

On 11/08/2021 at 23:04, Sugarlips said:

Prices appear to have gone completely stratospheric now.

Nice enough (despite the gray) but fuck me that expensive for living near the Grove.

https://www.rightmove.co.uk/properties/110393090#/media?channel=RES_BUY&id=media19&ref=photoCollage

It’s a fantastic house another in stoke for 140k https://www.rightmove.co.uk/properties/113691716?utm_campaign=property-details&utm_content=buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_BUY

[HousePriceMania]

 

I checked the accounts, near £6M loss and £85M cumulative losses, after they said in 2019 they had enough money to survive 12 months.

Will they survive 2022 ?

 

[Boon]

Last time I checked they had £70m in cash, also their UK business was profitable but the losses incurred in expansion dragged the whole thing into a loss.

So yes, they could survive a few years but once adjusted for cash the market isn't valuing the underlying business at very much.

I see it as a slow death as opposed to a quick one. Perhaps in a few years acquired for pennies by one of the other estate agents.

[gooseman]

.

[Bilbo]

2 hours ago, gooseman said:

.

@gooseman

Have you collapsed?

[No One]

What's going to collapse next...

 

CINEWORLD

PURPLEBRICKS

[HousePriceMania]

22 minutes ago, No One said:

What's going to collapse next...

 

CINEWORLD

PURPLEBRICKS

FAT BORIS

[JFK]

2 hours ago, HousePriceMania said:

FAT BORIS

Steve Nolan (that fat irish radio cunt)