17,604 source-backed business facts - each attributed to a named person and a number, linked to the original source. Page 16 of 177.
“BA’s decision came after last year’s dividend was actually the first it managed to pay out since 2001”
“cut its dividend payout by a quarter, whilst putting £20m into its pension scheme”
“oil companies, it calculates, account for a third of FTSE 100 dividends”
“If the price of oil per barrel falls below $50, it would expect them to cancel dividends”
“raised its payout by nine per cent”
“GLOBAL oil consumption in the developed world fell by 1.6 per cent last year — the largest drop since 1982”
“world oil consumption fell by 420,000 barrels a day in 2008”
“Oil consumption in the US fell by 6.4 per cent”
“it still consumed 22.5 per cent of the world’s oil”
“the 30 industrialised countries that make up the Organisation for Economic Cooperation and Development (OECD) consumed 3.5 per cent less oil”
“51 per cent of oil demand came from non-OECD nations last year”
“known oil reserves in the world stand at 1.3 trillion barrels, excluding Canadian oil sands”
“enough for 42 years of consumption at 2008 production rates”
“gas reserves will last another 60 years”
“coal another 122 years”
“Most recently, US giant Prologis agreed to buy FTSE 100 real estate firm Segro for £12.6bn.”
“Padel operators have leased out more than one million square feet of industrial space in the last 18 months, as the UK’s newest sports craze takes over the country’s warehouses.”
“The volume of square feet snapped up for Britain’s fastest-growing racquet sport in the past year and a half is almost seven times that in the preceding 18 months, City PM can reveal.”
“More than 784,000 sq ft was acquired by padel operators last year, up 390 per cent from the year before, according to real estate data firm CoStar.”
“More than 390,000 sq ft has been leased for padel so far this year.”
“One 60,000 sq ft deal was agreed last month, when Padel Bonito agreed a 10-year lease on a warehouse on the outskirts of Sheffield.”
“Last month, FTSE 100 property developer Segro partnered with the LTA to support its rollout of padel facilities across the UK.”
“This partnership with the LTA reflects our commitment to widening opportunity and supporting wellbeing through sport.”
“the share of EU workers in the hospitality industry fell from 18 per cent to 12 per cent between December 2019 and 2023”
“the total number of hospitality workers in the UK has grown, from 2.3m to 2.6m between March 2016 and 2026”
“forecasts claiming that 800,000 jobs across the UK’s economy would be lost have since been proven wrong”
“Hospitality’s fear about lack of immigration has been proven wrong. Immigration has actually increased”
“the UK’s jobs market, in which hospitality plays a large part, has thrived since Brexit, creating 2.4m jobs”
“the record low 3.7 per cent unemployment rate recorded in 2022”
“Brexit is one of the reasons successive governments have increased the tax burden on the pubs sector”
“the UK has gone from being arguably one of the best places in the world to do business, if not the best, to […] one of the most difficult places in the world to do business”
“cuts to the rate of alcohol duty on draft beer designed to bring the product’s tax burden down in comparison to bottled beer”
“It opened 16 new sites in the period, including one in Manhattan”
“We do see Asia as being a place to expand and invest in”
“European chief financial officers are far more pessimistic than US and Asian counterparts about economic prospects”
“Sentiment among finance directors rose worldwide in the second quarter. But the pessimists still outnumbered the ranks of optimists in Europe while there was a swing towards optimism in Asia and the US”
“The Coca-Cola Company acquired Costa over six years ago and began talks with bankers in August last year regarding the sale of Costa”
“The coffee giant, which boasts 2,700 branches across the UK and Ireland and employs 16,000 people in Britain”
“Virgin Atlantic, controlled by Richard Branson’s Virgin Group, saw its pre-tax profit almost double to £68.4m in the year ending February”
“In the previous year, pre-tax profits at the airline were £34.8m.”
“Virgin Atlantic sales rose 8.4 per cent during the year to the end of February to £2.6bn, compared to £2.4bn in the previous year.”
“BA, which last week reported a full year loss of £401m.”
“Kodak introduced the amateur color film in 1935”
“Detroit auto makers increased their new-vehicle quality scores by an average of 10 per cent in an influential industry survey”
“Dazn is already a big business. It’s more than $6bn in revenues, so by signing it we’re not drawing big percentages, but it’s very strategic in terms of it is the core of what we do.”
“Advertising now is around 10 per cent of the revenues of Dazn, and it’s growing double digit, so it’s a big part.”
“Dazn now boasts NFL Game Pass, NHL.TV and Fiba basketball content and last year acquitted US business View Lift in a bid to woo individual NBA and NHL teams.”
“clocking up 42 years in the airline business”
“Aged just 18, Gooding left rural Suffolk to work as an apprentice for British European Airways”
“At 62, Gooding’s staying power is noteworthy.”
“He has been in charge of London City for 14 of the 22 years that the airport has been open”
“Gooding bustles his heavyset 6’ 2” frame into a meeting room at the airport’s functional beige and blue headquarters a stone’s throw away from the runway.”
“Recent figures show that in April economy fares fell 15 per cent and premium fares were down more than 20 per cent around the world compared with the same period last year, according to International Air Transport Association (IATA). In Eu…”
“Gooding has frozen staff numbers at 400, although the airport – which is ideal for Canary Wharf and only seven miles from the City – indirectly provides work for another 2,500 in the Docklands.”
“Gooding was first brought to the airport by Desmond in 1996.”
“Before that he worked for 15 years at BA in a variety of posts, including as its area manager in Jordan.”
“He became operations director at Manchester Airport in 1981 for four years, before founding ground-handling firm Ogden Allied.”
“Gooding left to become chief executive of Luton Airport in 1991.”
“He was lured away by Desmond five years later.”
“conducted online between mid-March and mid-May”
“founded by Váradi in 2003”
“pulled out of Abu Dhabi in July last year”
“operations in Vienna in September.”
“coincidentally the first day of the month that Walsh will work without pay while he attempts to turn the struggling flag carrier around.”
“Managing director Mark Price said purchases of the first 800 products in the essential range now accounted for 13 per cent of sales, ahead of expectations.”
“A further six fee earners have left DTZ, the beleaguered property agents – including leading investment agent, John Slade.”
“Slade is believed to have been one of DTZ’s top five earners last year.”
“John Condron, the chief executive of Yell, has waived a bonus of almost £1m after the directories group announced a programme of 1,300 job cuts last year.”
“Condron, who oversaw Yell’s split from BT in 2001, was paid a salary of £885,000 for last year. He got a £935,000 bonus in 2007.”
“acting chairman Glen Moreno is not taking a salary for his work while the organisation hunts for a new chairman.”
“board member Lucinda Riches will earn just £37,500.”
“Chief executive John Kingman, on secondment from the Treasury, picks up a civil servant’s wage of £143,000 a year.”
“for “several years””
“UKFI is not currently paying to use investment banking advisers.”
“Siemens said it expects to win new orders of around €15bn (£12.7bn), mostly green projects, from economic stimulus programmes worldwide in the next three business years.”
“Of that figure, €6bn would come from green technology contracts, “significantly” increasing revenues from the company’s environmental portfolio in the future.”
“Siemens still expected business to weaken in the third and fourth quarters of the current fiscal year, said chief executive Peter Loescher.”
“That’s because we expect these stimulus programmes to have a stabilising effect on our business — and then on our new orders — next year at the earliest,” he added.”
“Siemens finance head Joe Kaeser said sales from green projects could grow 10 per cent a year eventually.”
“three of Carlyle’s buyout portfolio companies filed for bankruptcy protection – German car parts maker Edscha, oil and gas logistics firm SemGroup and Hawaiian Telecom”
“TG Jones’s plan for survival includes proposals to shut around 150 stores and impose steep rent cuts on the landlords of the remaining shops.”
“TG Jones has run into a slew of difficulties in recent months, less than a year after private equity firm Modella Capital snapped up the 480 WH Smith stores for £40m.”
“British Land said on Tuesday that it has agreed to withdraw its objection to the proposals and will now abstain from voting on them, as first reported by Sky News.”
“The landlord said that TG Jones has agreed to pay back rent reductions for some stores after three years and provide landlords with security to guarantee these payments.”
“The retailer has also offered landlords a 50 per cent share of future earnings if it does not reinvest in the business, British Land said.”
“Alex Willson, the chief executive of TG Jones, weighed into the debate with landlords over the weekend when he warned that the entire business would go bust if a deal was not reached.”
“The city raised $60m in private funding”
“the only free fan fest in the US running for the 39-day duration of the tournament.”
“Philadelphia’s 90-minute train journey to the MetLife Stadium”
“England plays in New Jersey on 27 June”
“beers for $8-$9, around half the price charged at big US stadiums.”
“When we look at May, June, and July, for the UK specifically flights are up by 25 per cent year over year. For France, they’re up by 47 per cent. We’re hosting France. For the Netherlands, they’re up by 49 per cent. We’re hosting [former D…”
“Airbnb future bookings, the properties that have three bedrooms or more are in the triple digits for growth”
“SpaceX’s rise has been one of the most extraordinary market debuts in history. [...] The company raised $85.7bn in the largest IPO ever completed, and has added almost $1 trillion in market value in a matter of days. [...] That optimism wa…”
“At the time, SpaceX argued that combining Cursor’s software with its vast computing infrastructure would help accelerate the development of advanced AI models. [...] The two businesses have been working together since April, when SpaceX an…”
“In IPO filings, SpaceX told investors it sees a potential $28 trillion addressable market spanning AI infrastructure and enterprise software applications.”
“Of that figure, roughly $22.7 trillion is linked to enterprise AI products and services – the very market where Cursor has established itself as one of Silicon Valley’s breakout winners.”
“Roberts also reaffirmed Sainsbury’s commitment to youth employment, with the group employing 140,000 people.”
“it could come in below the Food and Drink Federation’s initial prediction of at least nine per cent by the end of the year.”
“Shop inflation also stayed unchanged in June, the British Retail Consortium confirmed on Tuesday, staying at 1.2 per cent year on year.”
