Tuesday newspaper round-up: Advertising spend, leisure jobs, AA
By Michele Maatouk
Date: Tuesday 04 Aug 2020
(Sharecast News) - Advertising spend across the UK media fell by more than £1bn year on year during the coronavirus lockdown, according to figures that reveal the government has become the UK's biggest advertiser during the pandemic. UK advertising spend on traditional media - TV, newspapers and magazines, radio and cinema as well as on poster sites and billboards across the country - almost halved from the start of lockdown on 23 March to the end of June. - Guardian
Boris Johnson's plea that people "should be going back to work" in offices across England from Monday appeared to have gone unheeded in central Birmingham. In the Colmore business district, which normally has 35,000 workers, most office blocks were largely deserted and at the city's train stations at rush hour only a handful of people sauntered out, mostly heading to work in shops or hospitals rather than to office-based jobs. - Guardian
Employers should not rush to bring staff back to workplaces despite new rules that allow bosses to compel workers back to the office coming into force on Monday, the Chartered Institute of Personnel Development has warned. - Telegraph
More than 3,000 jobs are in danger in the leisure and retail industries as Covid-19 continues to land heavy blows on the high street. About 1,700 jobs are at risk from the collapse of DW Sports, the retailer and gym group, while Hays Travel will cut 878 jobs. Hundreds more are set to go at M&Co, the Scottish clothing chain, as part of a pre-pack administration that will lead to about 50 of its 260 shops closing. - The Times
A takeover battle is brewing for the AA after the self-styled fourth emergency service attracted bid interest from private equity firms. The Times has learnt that at least two private equity firms have made initial contact, with one rumoured to have mooted an offer of 40p a share - equating to a market value of about £250 million, or about £2.9 billion including £2.6 billion of debt. - The Times
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