The group, which was founded by the former Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail stores across the UK. The company, which said its e-commerce website would cease trading immediately, announced plans to shut 25 of its stores last month as the coronavirus lockdown wiped out its income. … [Read more...] about DW Sports goes into administration, putting 1,700 jobs at risk
General risk management rejection
Chief executive Martin Long said: "As a consequence of COVID-19, we found ourselves in a position where we were mandated by government to close down both our retail store portfolio and our gym chain in its entirety for a protracted period, leaving us with a high fixed-cost base and zero income. … [Read more...] about Coronavirus: DW Sports falls into administration – putting 1,700 jobs at risk
Labour donations – The leader of Unite, Len McCluskey, has been praised by left-leaning Labour MPs for ordering a review of the union’s political donations after Keir Starmer’s decision to pay damages to former staff turned antisemitism whistleblowers. Ian Lavery, the party chair under Jeremy Corbyn, is one of three former shadow ministers who have told the Guardian they support the union’s general secretary for re-examining whether to donate to Labour in the wake of the six-figure settlements. Their interventions will increase tensions between the Socialist Campaign Group of MPs and Labour’s leader following the latter’s decision to apologise and pay damages to seven staff who claimed they had been defamed by senior party figures after taking part in a BBC Panorama documentary on antisemitism. … [Read more...] about Monday briefing: ‘Shroud of secrecy’ fuelled bad Covid-19 decisions
Celtic striker Odsonne Édouard got off to a flyer in the new Scottish Premiership season by scoring a hat-trick in his side’s 5-1 demolition of Hamilton yesterday, but his days playing under Neil Lennon could be numbered if Leicester City have their way. Brendan Rodgers wants to make a Premier League player of the French 22-year-old and is prepared to listen to offers for Kelechi Iheanacho to help fund any prospective deal. “We can’t help that, it’s inevitable,” said Lennon, upon being asked about interest in his star striker from various Premier League clubs. “But we’ll try to stave off any admirers. I’m sure there are plenty out there, but we love having him here and I’m sure he’s enjoying it.” … [Read more...] about Football transfer rumours: Watford captain Troy Deeney to Tottenham?
Yet many economists are talking about a different letter of the alphabet. Noting that the economy can't fully recover until the pandemic is defeated or a vaccine is widely available, they envision a W-shaped scenario, in which a rebound in the current quarter would be followed by a sustained period of tepid growth or even outright recession. … [Read more...] about ‘Trump wants the election to be on November 3rd’: President’s campaign adviser denies Donald wants to delay the vote – despite suggesting it on Twitter days earlier