What's going to collapse next...

[spygirl]

Europe.

Despite being a group of 20 odd countries, the Eu leaders want Lagard n Vio De Keyen in charge. French shammyleather n German woman.

 

[Chewing Grass]

5 minutes ago, spygirl said:

Nope.

Identical situation to the car industry.

Pumped so much money, brought so much building forward, theyvd run out of demand and money.

5 very lean years now.

Took a walk at lunch time and the number of <10,000 sq foot office spaces available is staggering, its like developers envisaged a small office economy to replace small industrial premises and tried to outbuild each other.

One place built in 2012 with EU subsidies and called 'Olympic Park' still has only 30% occupancy 7 years later.

[spygirl]

8 hours ago, Chewing Grass said:

Took a walk at lunch time and the number of <10,000 sq foot office spaces available is staggering, its like developers envisaged a small office economy to replace small industrial premises and tried to outbuild each other.

One place built in 2012 with EU subsidies and called 'Olympic Park' still has only 30% occupancy 7 years later.

Ahh yes.

Planning Dept. Some scumhole council.

'Councillors! Weve lost our [steell mill | dog food factory | car factory | squid processing plant]

We need to update the local office offerings, to attract 'coders', who'll creates 1,000s of high paid jobs for our local population who are all Easter leavers.

We shall invest 10m of council (taxpayers) fund to develop modern offices in that abandoned area near the train station (rape alley) ...'

5 years later ..

The only company to relocate to the offices goes bust, after the CEO found to have been fraudulently ripping off council funds to run the [online shopping company | something to do with renewable power | biooils]. A couple of the women workers have been sexually assaulted by one of 1,000 of 'refugees' the council has housed. A large number of alci tramps have set up, begging outside the office entrance.

Free EU funding ends, council on hook for millions, cuts to public services then increases in council tax, putting the council into the highest charging council tax in UK.

 

[crashmonitor]

On 29/06/2019 at 13:17, Castlevania said:

Do they sell Chelsea buns and Eccles cakes? If so are they of a good standard?

Sorry Castlevania didn't see your post on Saturday, I don't believe so. The Pound Bakery range is pretty crowded out by modern preferences ( as with Greggs) to cup cakes and that sort of thing. There are only really Independent Bakers left  that still do traditional fayre.

[spygirl]

https://www.ft.com/content/e7c94356-9d77-11e9-9c06-a4640c9feebb

Italy registers lowest number of births since at least 1861

Demographic trend a headwind to country’s GDP and public finances

[crashmonitor]

On 29/06/2019 at 13:17, Castlevania said:

Do they sell Chelsea buns and Eccles cakes? If so are they of a good standard?

Correction they do sell eccles cake. Not my thing ( they look presentable) but can't comment on quality. 2 for a pound...

[spygirl]

https://www.bbc.co.uk/news/business-48868335

William Hill closing 700 shops - thats at least 2 in every town ....

I guess  the other bookies will follow.

Bet noone thought bookies would go.

First phone shops then coffee shops, now bookies.

If nail bars start to go then the UK high street is fucked.

It said a large number of redundancies was anticipated, with 4,500 employees at risk of losing their jobs.

Well, that the equivalted to ~50 FT jobs ... bookies are TCs ground zero.

[sancho panza]

4 minutes ago, spygirl said:

https://www.bbc.co.uk/news/business-48868335

William Hill closing 700 shops - thats at least 2 in every town ....

I guess  the other bookies will follow.

Bet noone thought bookies would go.

First phone shops then coffee shops, now bookies.

If nail bars start to go then the UK high street is fucked.

It said a large number of redundancies was anticipated, with 4,500 employees at risk of losing their jobs.

Well, that the equivalted to ~50 FT jobs ... bookies are TCs ground zero.

from the article

'The firm added that the move followed the government's decision in April to reduce the maximum stake on fixed-odds betting terminals to £2.

Since then, the company added, it had seen "a significant fall" in gaming machine revenues.'

 

Mate in the Police say that a lot of the usage was to launder ill gotten gains.Always felt that the growth in ratil betting shops on High sts was totally counter to the move of betting online.More bad news for landlords and their 'upward only's'

[spygirl]

1 minute ago, sancho panza said:

from the article

'The firm added that the move followed the government's decision in April to reduce the maximum stake on fixed-odds betting terminals to £2.

Since then, the company added, it had seen "a significant fall" in gaming machine revenues.'

 

Mate in the Police say that a lot of the usage was to launder ill gotten gains.Always felt that the growth in ratil betting shops on High sts was totally counter to the move of betting online.More bad news for landlords and their 'upward only's'

Go in a bookies.

3 types of customers:

- Dope grwoers, who may be vietnamese, pouring cash into slots. Laundering.

- EE hooked on gambling.

- CHinese, hooked on gambling.

[sancho panza]

https://www.retailgazette.co.uk/blog/2019/07/sainsburys-quarterly-sales-drop-further-as-ceo-faces-growing-pressure/

Sainsbury’s has reported another drop in quarterly like-for-like sales, as the Big 4 grocer braces for shareholder anger directed at boss Mike Coupe ahead of its AGM.

For its first quarter period ending June 29, the grocery giant saw like-for-like sales decline by 1.6 per cent – an acceleration of the 0.9 per cent decline recorded the previous quarter.

Meanwhile, total retail sales fell by 1.2 per cent during the 16-week period, which Sainsbury’s attributed to a “tough retail environment”.Grocery sales declined by 0.5 per cent over the period, as the decline in sales slowed down from 0.6 per cent in the previous quarter.

Sainsbury’s also saw sales slump by 3.1 per cent and 4.5 per cent respectively for its general merchandise and clothing divisions.

[spygirl]

19 minutes ago, sancho panza said:

https://www.retailgazette.co.uk/blog/2019/07/sainsburys-quarterly-sales-drop-further-as-ceo-faces-growing-pressure/

Sainsbury’s has reported another drop in quarterly like-for-like sales, as the Big 4 grocer braces for shareholder anger directed at boss Mike Coupe ahead of its AGM.

For its first quarter period ending June 29, the grocery giant saw like-for-like sales decline by 1.6 per cent – an acceleration of the 0.9 per cent decline recorded the previous quarter.

Meanwhile, total retail sales fell by 1.2 per cent during the 16-week period, which Sainsbury’s attributed to a “tough retail environment”.Grocery sales declined by 0.5 per cent over the period, as the decline in sales slowed down from 0.6 per cent in the previous quarter.

Sainsbury’s also saw sales slump by 3.1 per cent and 4.5 per cent respectively for its general merchandise and clothing divisions.

Sainsbury is going down the shitter.

It was before Coupe (jaloppe surely?) was 'in the money' or pissing money away.

LFL drop of 1.6 is *hue*. Thall be most of its profit.

 

[spygirl]

35 minutes ago, sancho panza said:

https://www.retailgazette.co.uk/blog/2019/07/sainsburys-quarterly-sales-drop-further-as-ceo-faces-growing-pressure/

Sainsbury’s has reported another drop in quarterly like-for-like sales, as the Big 4 grocer braces for shareholder anger directed at boss Mike Coupe ahead of its AGM.

For its first quarter period ending June 29, the grocery giant saw like-for-like sales decline by 1.6 per cent – an acceleration of the 0.9 per cent decline recorded the previous quarter.

Meanwhile, total retail sales fell by 1.2 per cent during the 16-week period, which Sainsbury’s attributed to a “tough retail environment”.Grocery sales declined by 0.5 per cent over the period, as the decline in sales slowed down from 0.6 per cent in the previous quarter.

Sainsbury’s also saw sales slump by 3.1 per cent and 4.5 per cent respectively for its general merchandise and clothing divisions.

Sainso SP is terrible.

https://www.google.com/search?q=sainsbury+share+price&rlz=1C1CHBD_en-GBGB837GB837&oq=sainsbury+share+price&aqs=chrome..69i57j0l5.2190j1j8&sourceid=chrome&ie=UTF-8

[dgul]

1 hour ago, spygirl said:

https://www.bbc.co.uk/news/business-48868335

William Hill closing 700 shops - thats at least 2 in every town ....

I guess  the other bookies will follow.

Bet noone thought bookies would go.

First phone shops then coffee shops, now bookies.

If nail bars start to go then the UK high street is fucked.

It said a large number of redundancies was anticipated, with 4,500 employees at risk of losing their jobs.

Well, that the equivalted to ~50 FT jobs ... bookies are TCs ground zero.

I read that as:

'initial estimates show that money laundering in the UK is massive -- just a single major money laundering operator was employing 4,500 people over 700 sites, and there appear to be several more major operators.  And that's just for one specific type of money laundering scheme'

[Harley]

deleted.

Edited July 4, 2019 by Harley

[janch]

Old folk

https://www.zerohedge.com/news/2019-07-03/mortality-rates-are-still-rising-uk-and-everyone-ignoring-how-many-more-are-dying

good article by Danny Dorling

[spygirl]

22 minutes ago, janch said:

Old folk

https://www.zerohedge.com/news/2019-07-03/mortality-rates-are-still-rising-uk-and-everyone-ignoring-how-many-more-are-dying

good article by Danny Dorling

Not old folk

Id guess those stabbings are starting to show in the figures.

The increase in deaths, from 40->59 is eye brow raising.

[janch]

29 minutes ago, spygirl said:

Not old folk

Id guess those stabbings are starting to show in the figures.

The increase in deaths, from 40->59 is eye brow raising.

plus suicides and obesity related conditions

[spygirl]

19 minutes ago, janch said:

plus suicides and obesity related conditions

The two standout cohorts - and the UK has a big enoug ppulation to iron own wierd quirks - is the uptick of deaths of:

5-9 - Id guess this could be a number of things,ranging for 3rd worlds to really poorly babies being kept alive when they have died at birth, then dying a few years later.

20-24 - Stabbings. Pure n simple.

[One percent]

400 year old building firm collapsed 

https://www.bbc.co.uk/news/business-48868113

obviously not leeching enough through help to buy like the big boys 

[dgul]

2 hours ago, One percent said:

400 year old building firm collapsed 

https://www.bbc.co.uk/news/business-48868113

obviously not leeching enough through help to buy like the big boys 

Sad to see such an old business die (third oldest business in the UK, between Oxford and Cambridge university presses, and the Post Office.

Bit of a worrying statement in that report, which might explain everything -- The last family member to run the firm was Alex Durtnell.  Sounds like they outsourced running of the company to 'management' -- that's the sort of thing that breaks businesses.

[bit of a standard process really -- Successful business built up by person that works all hours just to get something to pass on.  Then it passes through a succession of 'quite interested really' children until, eventually, you get to one that is 'quite interested in the money, actually, but not the actual business, actually'.  At that point the MBAs come in to bugger it up properly.]

[I'd be very happy to be wrong -- but very old businesses like that tend to have assets and plenty of buffer to help them over the inevitable recessions -- they tend not to go under easily.]

[Andersen]

One to watch?  Sports Direct (Mike Ashley) loose 2 key staff in 1 week https://uk.news.yahoo.com/mike-ashley-loses-second-key-110429556.html

[One percent]

7 hours ago, Andersen said:

One to watch?  Sports Direct (Mike Ashley) loose 2 key staff in 1 week https://uk.news.yahoo.com/mike-ashley-loses-second-key-110429556.html

Lose. Ffs lose. 

[sancho panza]

https://www.retailgazette.co.uk/blog/2019/07/high-street-sales-suffer-washout-june/

The UK’s high streets suffered a washout in June as miserable weather and another fall in consumer confidence led to a perfect storm for retailers.

According to the latest BDO High Street Sales Tracker, sales fell by 0.8 per cent compared to the same month last year, which already had a weak benchmark of a 1.7 per cent drop.

BDO said early summer sale discounting failed to salvage a month marked by slowed waged and falling confidence.

The figures also mark 16 out of 17 consecutive months of no in-store sales growth in BDO’s sales tracker.

 

[Andersen]

3 hours ago, One percent said:

Lose. Ffs lose. 

Note to self : improve proof reading when posting at 4 am after a hectic day at work  

[spygirl]

On 04/06/2019 at 10:21, Frank Hovis said:

Rococo Chocolates is yet another vanity operation that gets a few good years of being funded by wealthy idiots buying their products because they're in fashion. File under cupcake producers.

Also it's one of several such businesses where the first I've heard of them is their going bust.

Saw this and thought of here.

https://www.thescarboroughnews.co.uk/news/people/amelia-s-chocolate-cafe-on-scarborough-s-aberdeen-walk-closes-down-1-9856990?fbclid=IwAR0G1hfKuKNHGUeneVFGDk0EYK_myL4WHcfxWIbtMSAuL99dAQ6yB5_HROg

Michael Anthony Pearson It's so sad another business gone it was a lovely shop to visit Scarborough needs help from the local council to bring in businesses.

Felicia Holliday Very sad to hear this, we had Amelia at our wedding, with a wonderful chocolate fountain and treats. It was our anniversary this week, I hope Amelia manages to come back from this because she was brilliant xXx

Lisa Jane Smith-Louth So sad when somebody works so hard to follow their dream, good luck for the future Amelia, stay strong xx

Sharron Griffin So sad for Amelia, hope she still follows her dream.
Definitely no support from SBC re small business, my hubby has his own business.
Gutted for her and her familyxx

etcetc etc.

SBC - and all other councils - should not be helping specific businesses. They should be helping all by offering low ctax and business rates.

https://www.thescarboroughnews.co.uk/news/amelia-s-chocolate-officially-opens-new-premises-on-scarborough-s-aberdeen-walk-1-9396700

Id guess thers a lot at plays.

She moved from a cheap small place.

Then moved to a larger, more expensive place.

She wanted a cafe - they all want cafes, instant, steady cash. However ..... the costs of running a cafe are higher.

And the street is awash with cafes.

Did not make 1 year

https://beta.companieshouse.gov.uk/company/11410838/filing-history

Im guessing tax credit makework, couple splitting up.

Painful that she has a charge onthe business. Good knows why, shoiuld have done it up as cheap as poss. Or stuck to the old place.