Tag: brink

Shopping centre giant Intu on brink of administration

Image copyright Jeff J Mitchell The owner of some of the UK’s biggest shopping centres, Intu, has warned that it is likely to call in administrators. The firm, which owns Manchester’s Trafford Centre and the Lakeside complex in Essex, said it had not reached an agreement in financial restructuring talks with its lenders. Intu warned earlier this week that its… Read more →

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Coronavirus: Restrictions ‘bringing shops to the brink’

Image copyright Getty Images Image caption Non-essential shops have remained closed in Scotland since late March Scottish retail sales improved last month but still slumped by more than a quarter, according to a regular survey. Total sales in May were down year-on-year by 27.6%, although this was an improvement on the record low recorded in April (32.2%). Overall food sales… Read more →

Coronavirus: Tourism economy in Wales on ‘brink of collapse’

Image copyright Richard Hoare/Geograph Image caption Conwy Castle is a key tourist attraction in north Wales Wales’ tourism industry is on the “brink of collapse”, say a group of Welsh tourism leaders demanding a reopening plan from the first minister. Official figures say £6.3bn was spent in Wales due to tourism in 2018 but attractions, shut in lockdown, say they… Read more →

Thai Airways saved from the brink by government

Image copyright Getty Images Loss-making Thai Airways has been allowed to restructure its debts to keep its planes in the sky. The struggling airline had previously asked for a government bail-out via a 58.1bn baht ($1.81bn, £1.48bn) loan. Instead, Thai officials told the airline to come up with a restructuring plan to avoid going bankrupt. The global airline industry is… Read more →