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Investegate |On the Beach Group Announcements | On the Beach Group: AGM Trading Update


( On the Beach or the Group )
 
 
On the Beach Group plc (LSE: OTB.L), the UK s leading online retailer for beach holidays, today issues the following trading update for the four months to 31 January 2021, in advance of its Annual General Meeting to be held today.
 
As a result of the four week lockdown in November and the subsequent UK-wide lockdown that commenced in early January 2021, combined with further reductions in winter flying programmes, consumer demand for forward holidays has remained very weak with UK traffic, bookings and spend on online marketing activity across the first four months of the financial year down 73%, 83% and 85% respectively. The Group has responded prudently to the latest travel restrictions by taking holidays off-sale that depart prior to 1 May 2021. We expect booking demand to remain weak until these restrictions are lifted and vaccine deployment is more widespread, both in the UK and ....

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Loan fraudster made £19k but only has to pay back £1k


Composite image showing Robertson s custody shot and Swindon Crown Court
A LOAN fraudster will have to pay back a fraction of what he made from the £200,000 scam.
Daniel Robertson, 30, made scores of fraudulent loan applications to banks and building societies over two-and-a-half years.
The Swindon man applied for £200,000-worth of bank loans, although only a quarter of that sum - £52,000 – was paid out.
He was
At a hearing at Swindon Crown Court yesterday, Judge Jason Taylor QC ruled that Robertson had profited from the scam to the tune of £19,200.
However, he only has to pay back £1,000 under proceeds of crime rules. The sum must be paid within three months or he will serve an extra month behind bars. ....

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