What's going to collapse next...

[wherebee]

5 hours ago, BearyBear said:

https://studentnewspaper.org/is-covid-19-in-fact-exposing-rather-than-causing-the-university-of-edinburghs-financial-troubles/

Is Covid-19 in fact exposing, rather than causing, The University of Edinburgh’s financial troubles?

. 

This funding shortfall will have an impact on the student experience. The University has frozen recruitment, and sources at the local Edinburgh branch of the University and College Union have confirmed that no guarantees have been made to the 3540 staff on fixed term contracts beyond July. The money from tuition fees and government grants does not cover the cost of the research and teaching.This means that the university has been cross-subsidising from ‘profitable areas’ in recent years. A result of this is that the research which has propelled the university to 4th in research power in the UK and 20th in the QS standings may have to be cut. 

 

almost 3,500 staff on fixed contracts.  Imagine the waste!  There are international companies with hundreds of millions of pounds of investment with much smaller headcounts.

[spygirl]

5 hours ago, wherebee said:

almost 3,500 staff on fixed contracts.  Imagine the waste!  There are international companies with hundreds of millions of pounds of investment with much smaller headcounts.

One of the arguments for the bloated HE sector is that they recruit sooo many people, in a lot of depressed, Northern towns, that nay reduction would see mass lay offs and damage to the local economy.

No reasoning based on whether the HE body is any good, efficient or needed

HE seems to have turned itself info British Leyland with a mortar board.

 

 

[Bedrag Justesen]

https://www.manchestereveningnews.co.uk/news/uk-news/trafford-centre-future-uncertain-debt-18268643

[sancho panza]

On 17/05/2020 at 21:09, BearyBear said:

https://studentnewspaper.org/is-covid-19-in-fact-exposing-rather-than-causing-the-university-of-edinburghs-financial-troubles/

Reading the University of Edinburgh 2018-19 Annual Report has also revealed other pinch points. Peter Mathieson mentioned the cost of releasing students from their rental contracts for the remainder of this academic year. He did not, however, mention that the income from student residences and catering combined were named last July as an area of strong income growth. 

In fact, last academic year these areas generated £79 million of income – close to a third of the £234 million raised by the university from non-teaching and research sources. This means that seven per cent of the university’s income came from students living in university accommodation and paying for food in the catering outlets. From The Student’s review of the 2018-19 annual report, the equivalent figure for the University of Glasgow would appear to be 4.4%. The reasons for this may be varied but a difference appears to exist. 

 

INteresting to see they've elveraged into property.Leicester and Coventry have built huge amounts of student accomodation....

 

'build them and they will come....'

[sancho panza]

14 hours ago, spygirl said:

One of the arguments for the bloated HE sector is that they recruit sooo many people, in a lot of depressed, Northern towns, that nay reduction would see mass lay offs and damage to the local economy.

No reasoning based on whether the HE body is any good, efficient or needed

HE seems to have turned itself info British Leyland with a mortar board.

 

 

Have a we got a unviserity bubble thread here?

Looks like we may need one.

I read somewhere-think it was on here that somethign like 10% of edinburghs hosuing was student lets.Can it be so?

[BearyBear]

1 hour ago, sancho panza said:

Have a we got a unviserity bubble thread here?

Looks like we may need one.

I read somewhere-think it was on here that somethign like 10% of edinburghs hosuing was student lets.Can it be so?

I don't think we have? Will create one soon

As with the percentage of student lets - hard to tell really, all I've found is that students comprise 12-14% of the population (different sources different data). Edinburgh Uni has recently built some student flats but I don't think there are that many so I'd expect the majority of students looking for a bedroom on an open market. Judging from previous years there isn't enough space as I tend to see desperate posts on FB groups just before the beginning of every academic year.

 

[Dave Bloke]

1 in 5 students won't bother with Uni next year due to online teaching

https://www.theguardian.com/education/2020/may/20/uk-universities-facing-760m-hit-one-in-five-students-plan-defer

only 1 in 5, students must be thicker than I thought. I wouldn't have thought a Uni degree with online teaching would be worth more than a grand a year tbh.

[Wight Flight]

2 minutes ago, Dave Bloke said:

1 in 5 students won't bother with Uni next year due to online teaching

https://www.theguardian.com/education/2020/may/20/uk-universities-facing-760m-hit-one-in-five-students-plan-defer

only 1 in 5, students must be thicker than I thought. I wouldn't have thought a Uni degree with online teaching would be worth more than a grand a year tbh.

They might as well. Their lives are fucked in the short term no matter what.

[Dave Bloke]

On 16/05/2020 at 01:12, leonardratso said:

hehe, had a small punt on ukog a while back, wish i hadnt now, cool chart though;

[leonardratso]

the 1 day chart is like george bests heartbeat, where 0.23 line is the whisky line.

[sancho panza]

Bella Italia 6000 jobs at risk

https://www.bbc.com/news/amp/business-52713791

he owner of High Street restaurant chains Cafe Rouge and Bella Italia has filed intent to appoint administrators at the High Court.

Owner Casual Dining Group, whose brands also include the Las Iguanas chain, employs about 6,000 people.

[Democorruptcy]

Shearings.

Obvious one really?

[One percent]

14 minutes ago, Democorruptcy said:

Shearings.

Obvious one really?

A mate booked with them (yes I know, I didn’t ask why).  It was cancelled and they refused to refund her money. 

[Don Coglione]

29 minutes ago, One percent said:

A mate booked with them (yes I know, I didn’t ask why).  It was cancelled and they refused to refund her money. 

The tax-payer will see them right.

I can't imagine for a moment that ABTA has collected enough from its members to reimburse everyone who is going to lose money to a failed travel company.

[One percent]

20 minutes ago, Knickerless Turgid said:

The tax-payer will see them right.

I can't imagine for a moment that ABTA has collected enough from its members to reimburse everyone who is going to lose money to a failed travel company.

Just how magic is that there money tree?  

[spygirl]

Lone Star PE owned Shearings.....

Not just buses. They own loads of hotels. Or did.

[One percent]

Just now, spygirl said:

Lone Star PE owned Shearings.....

Not just buses. They own loads of hotels. Or did.

I guess that would explain why shearings use certain hotels. 

[Don Coglione]

1 minute ago, One percent said:

Just how magic is that there money tree?  

Dunno, but I am not seeing any of this magic fucking money.

Just now, One percent said:

I guess that would explain why shearings use certain hotels. 

Vertical integration, funded by debt.

Genius.

[spygirl]

Bay Hotels

• Bay Dilkhusa Grand Hotel, Ilfracombe
• Bay Carlton Hotel, Great Yarmouth
• Bay Prince of Wales Hotel, Berkeley
• Bay Great Western Hotel, Oban
• Bay Highland Hotel, Strathpeffer
• Bay Royal Whitby Hotel, Whitby
• Bay Tarbet Hotel, Loch Lomond
• Bay Broadway Park Hotel, Sandown
• Bay Marina Hotel, Newquay
• Bay Majestic Bournemouth Hotel, Bournemouth
• Bay Eden Arms Hotel, Rushyford
• Bay Majestic Eastbourne Hotel, Eastbourne
• Bay Grand Hotel, Exmouth
• Bay Marine Hotel, Llandudno
• Bay Royal Weymouth Hotel, Weymouth
• Bay Caledonian Hotel, Fort William
• Bay New Southlands Hotel, Scarborough
• Bay Libertys Hotel, Blackpool
• Bay Norbreck Hotel, Scarborough
• Bay Torbay Hotel, Torquay
• Bay Esplanade Hotel, Paignton
• Bay St Ives Bay Hotel, St Ives
• Bay Tor Park Hotel, Torquay
• Bay Waverley Castle Hotel, Melrose
• Bay Burlington Hotel, Eastbourne
• Bay County Hotel, Llandudno
• Bay Valley of Rocks Hotel, Lynton
• Bay Beresford Hotel, Newquay
• Bay Strathmore Hotel, Morecambe
• Bay Savoy Hotel, Bournemouth
• Bay Grand Atlantic Hotel, Weston-super-Mare

 

 

Coast & Country Hotels

• The George Hotel, Chollerford
• The Imperial Exmouth Hotel, Exmouth
• The Golden Lion, Hunstanton
• The Derwentwater Hotel, Keswick
• The Pitlochry Hydro Hotel, Pitlochry
• The Portpatrick Hotel, Portpatrick
• The Ship & Castle Hotel, St Mawes
• The Charlecote Pheasant, Stratford upon Avon
• The Imperial Tenby, Tenby
• The Grand Atlantic, Weston-super-Mare
• The Windermere Hotel, Windermere

 

Country Living Hotels

• Country Living Lansdown Grove, Bath
• Country Living St George, Harrogate

[One percent]

3 minutes ago, Knickerless Turgid said:

Dunno, but I am not seeing any of this magic fucking money.

Vertical integration, funded by debt.

Genius.

Quite. Neither am i. 

[spygirl]

3 minutes ago, One percent said:

I guess that would explain why shearings use certain hotels. 

Shearings takes oaps from the south to hotels in the north.

And oaps from the north to hotels in the south.

Looking at the reviews, the hotels seem well run. A change from the EE staffed, norovirus death traps.

 

[Option5]

4 minutes ago, spygirl said:

Bay Hotels

Are there any on that list in a place you'd like to go too?

Even I'm not that old and sad.

[Don Coglione]

4 minutes ago, One percent said:

Quite. Neither am i. 

Your salary has been coming from the tree for years...

[spygirl]

1 minute ago, Option5 said:

Are there any on that list in a place you'd like to go too?

Even I'm not that old and sad.

I've never been in one.

My mum n dad do these, 3 nights break.

Compared to the Britanic hotels, they are the Ritz.

https://www.tripadvisor.co.uk/Hotel_Review-g186262-d192220-Reviews-Roundhouse_Hotel_Bournemouth-Bournemouth_Dorset_England.html

[One percent]

19 minutes ago, Knickerless Turgid said:

Your salary has been coming from the tree for years...

Fair exchange of labour for money. How my employer chooses to source that money isn’t a concern of mine.