Darwin Shopping Centre, Shrewsbury. Photo from Wikimedia Commons

Councillor hails enquiry into Shrewsbury shopping centre purchase

It is welcome news that a parliamentary watchdog is to examine Shropshire Council’s £52m shopping centre purchase. This is part of a wider look at local council involvement in purchasing commercial property. The purchase of these shopping centres represents a huge risk to Shropshire Council’s finances. Senior administration members seem to have forgotten it isn’t monopoly money they are playing with. Or indeed their own money. They are risking public money! The risks in the investment clearly outweighed the potential gain. More so when you consider the perilous state of…

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Hollywood and Highland Center, LA

Virus Crisis may spur more Hollywood studio mergers – analyst

“The production and distribution of media content will be permanently changed,” including fewer U.S. cinema screens and a further focus on tentpole titles, Michael Nathanson says in his report “Say Goodbye to Hollywood.” “We have a strong belief that the production and distribution of media content will be permanently changed by this crisis,” Michael Nathanson wrote about the coronavirus pandemic in a Friday report entitled “Say Goodbye to Hollywood.” Among his predictions: The U.S. will end up with fewer cinema screens, and most studios will have to look for mergers…

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McDonald’s announce UK reopening plans

Fast-food chain McDonald’s has said it is carrying out some operational tests. Posting on social media, the fast-food chain wrote: “Well, our notifications are going wild tonight – we miss you too. We promise we will update you here as soon as we have confirmed our plans. Stay safe, stay at home and we will see you soon.” And now McDonald’s has released a full statement regarding any future reopening. McDonald’s CEO UK and Ireland, Paul Pomroy, said: “In March, we took the decision to temporarily close our restaurants in…

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