FTSE 100 rebounds but bitcoin slides amid Covid-19 worries – business live | Business
Cinemagoers are starting to head back to the big screen, according to an update from Odeon.
The UK’s largest cinema chain said it welcomed more than a million customers to its cinemas across Europe between Friday 9th – Friday 16th July. It’s the first time since the pandemic hit last year that Odeon surpassed a million visitors over the course of a week.
Odeon said it has sold over 3 million tickets in the UK and Ireland since its venues reopened in May.
Manchester’s cinephiles seem especially keen to return. Odeon Trafford – a 20-screen complex located inside the city’s Trafford Centre shopping mall – has been the most-visited cinema from Friday-Sunday for the past four weeks.
Particularly popular among cinema fans is Space Jam: A New Legacy, which was responsible for almost a third (30%) of attendance at Odeon’s UK sites. The sequel to the 1996 movie sees basketball superstar LeBron James team up with Bugs Bunny and the rest of the Looney Tunes.
Analyst: spectre of stagflation stalks markets.
Online grocery sales fall for first time ever after Covid peak
Online grocery sales by UK supermarkets declined year-on-year for the first time ever in the four weeks to 11 July, as lockdown easing resulted in shoppers returning to physical stores and restaurants, bars, pubs and cafes were able to trade both indoors and outside.
The reopening of the majority of hospitality venues and the reopening of non-essential shops led to a 2.6% year-on-year decline in online sales, as 81,000 fewer people chose to buy their groceries that way than in July 2020 when the UK was in full lockdown.
Overall, grocery sales were down 5.1% year-on-year in the three months to 11 July.
The fall came despite a 24% surge in sales of alcohol, compared to pre-pandemic levels, as fans celebrating the England football team’s run to the final of the Euro 2020 tournament and tuning in to watch Wales and Scotland games spent £1.2bn spent on booze. Sales of crisps and snacks were also up 23% on 2019 according to the latest market share data from analysts Kantar.
EasyJet is to ramp up the number of flights it operates to 60% of pre-pandemic levels during the summer holiday season, and has added new routes including Malta in response to rising customer demand.
The low cost airline will operate up to 1,400 flights a day between July and September. On Monday, it ran 1,000 flights.
EasyJet also said customers are booking much closer to departure, with 49% of its summer flights booked, compared with 65% in 2019. After the UK announced the waiving of the quarantine requirement for fully vaccinated passengers returning from amber list countries on 8 July, bookings surged by 400% on the previous week.
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FTSE opens higher
Bitcoin drops below $30k