UK: RISE IN SPENDING ON LEISURE
Article Abstract:
The 21% increase in spending on pay TV-related fees and subscriptions between 1995 and 1998, to almost GB[pound] 2.1mn, is cited as the main reason why spending on leisure in 1998 totalled slightly more than GB[pound] 13bn, according to a study for Sport England. Spending on leisure in England alone has risen by 17% since 1995 to more than GB[pound] 11bn, while the overall figure compares with the GB[pound] 7.2bn per year spend on tourism. The study, undertaken by Sheffield University's Leisure Industry Research Centre, found a near 100% rise in TV rental and subscriptions to satellite and cable services linked to sport. Football's transformation into a market with a worldwide impact was also cited as a major factor.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: SHARE DROP FOR ALLIED LEISURE
Article Abstract:
Having announced a trading statement that could be taken as a profit warning, shares in Allied Leisure, the indoor leisure and catering group, dropped nearly 13% on 14 July 2000, from 123p down to 107.5p. The company conceded that like for like sales at its ten -pin bowling alley business were 3.2% lower in the year to the end of June. Part of this it blamed on people watching the Euro 2000 football competition. However, its Burger King restaurants fared better than expected and the return on capital from its Riley snooker halls it dubbed "excellent".
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: XS LEISURE WITHOUT EXCESS PROFITS
Article Abstract:
It has been revealed that the financial director for XS Leisure - the pool hall, ten-pin bowling and nightclub operator - has resigned after making a huge miscalculation of the group's profits. His shares, amounting to, GB[pound] 93,000 have been cancelled and the group are withdrawing from acquisition plans because of the error. Shares fell to an all-time low of GB[pound] 0.54, down GB[pound] 0.14. A loss has been predicted for the coming year.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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