Business & Technology
Major UK airline in administration with all flights grounded
Stuart Morris, Robert Fishman and David Soden, of Teneo Financial Advisory, were appointed as joint administrators of the airline on June 3.
All affairs, business and property of European Cargo will now be managed under the watch of the joint administrators.
Meanwhile, it’s understood most of European Cargo’s fleet have been grounded at its main base at Bournemouth Airport in Christchurch, Dorset.
READ MORE: UK holiday operator has collapsed into administration
A statement on the website said: “Stuart Morris, Robert Fishman and David Soden of Teneo Financial Advisory Limited, were appointed joint administrators of European Cargo Limited (“the company”) on 03 June 2026.
“The affairs, business and property of the company are managed by the joint administrators.
“The joint administrators act as agents of the company and contract without personal liability.
“In performing their work in relation to this appointment, the joint administrators are bound by the Insolvency Code of Ethics and regulated by the Institute of Chartered Accountants in England & Wales.”
Our sister paper the Bournemouth Echo has reported staff were told of the administration on a group Teams call on Wednesday.
European Cargo operates flights mostly between the UK and China, including Chongqing, as well as Austria and Norway.
The business operates nine Airbus A340 planes.
Various businesses rely on the goods that the European Cargo planes deliver. It brings goods from China, which is then distributed across the UK including in Oxfordshire.
The most recent accounts for the airline shows that although its turnover increased by 157 per cent, it posted an operating loss of $24,203,000.
Business & Technology
New chapter for Port Meadow Convenience Store as new owners take over
Port Meadow Convenience Store, in Godstow Road, Wolvercote, was closed in 2024 after Oxford City Council officers found rats there.
The officers immediately issued a Hygiene Emergency Prohibition Notice which said the shop “poses an imminent risk of injury to health” as “there is evidence of a serious rat infestation throughout the premises”.
But now, Wolvercote residents have said they have already noticed a vast difference in the shop sayings its great the new owners are “cleaning up and getting rid of the old stock”, and calling the only shop in the area a “great opportunity”.
The new owners took over the shop earlier this week and plan a complete revamp of the premises.
Rajmeet Singh, the new owner of the shop, said: “We wanted to introduce ourselves properly as the new owners of the shop.
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“We are excited to start making improvements for our local community.
“We know there may have been things in the past that could have been better, and we want you to know we are listening.
“We have already started making changes, including improving cleanliness, removing old and expired stock, and bringing in new products and new ideas.”
The new owner said they have lots of plans to improve the shop and will work hard to make it better everyone.
Reviews of the convenience store under the previous owners note that “many items are past their sell by date”, “fridges are left open and temperature is not maintained to keep food fresh”, and “they make up their own prices”.
Other reviews also called the place a “disgrace”.
Business & Technology
Free beer and food at new Oxfordshire angler shop launch
Tackle Club in Kidlington (OX5 1JD) is having its opening party tomorrow (Saturday, August 8) between 10am to 5pm.
The event will include a barbeque, some free beer and live music, with the owners hoping anglers and others from the around the county attend.
READ MORE: Leading Oxford cocktail bar ‘will return’ after company’s liquidation
Born out of their shared love of fishing, the owners of Tackle Club hope that the shop will inspire a love for the sport in younger generations.
Sam Harris, 37, said: “We are all trying to get more youngsters involved and get them off their TVs and catching some fish.”
Stocking all fishing equipment – apart from for sea fishing – the shop will be open from 8.30am to 6pm from Monday to Friday, and 10am until 5pm on weekends.
Business & Technology
Jobs lost as major UK firm to close over 130 stores after 59 years
Betfred has confirmed plans to shut 132 betting shops from September, blaming higher taxes and wider economic uncertainty for the move.
The Warrington‑based bookmaker said the closures would affect just over a tenth of its UK estate and leave it with around 1,100 branches nationwide.
Betfred, founded by brothers Fred and Peter Done in 1967, has grown into one of the country’s biggest betting shop operators, with the pair’s combined wealth recently estimated at £3.61 billion.
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Chief executive Jo Whittaker said the company had “worked hard” to protect high street outlets and jobs, but rising employer National Insurance contributions, wage pressures and increased gambling duties had made that more difficult.
“We have tried hard to protect all our sites and the colleagues who work in them, but the combined impact of higher employer national insurance contributions, wage inflation, increases in gambling taxes and wider economic uncertainty has left us with no choice,” she said.
“These are well-run shops, staffed by dedicated colleagues, and it is incredibly hard to see any of them close, but the current fiscal and regulatory environment has made it impossible to keep trading all our shops.
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“Our priority now is to support the colleagues affected, and to continue serving customers and communities across the rest of our estate.”
Betfred has not published a full list of locations earmarked for closure, and it is not yet clear whether any Oxfordshire branches will be affected.
The company currently operates several betting shops in and around Oxford, including sites on Cornmarket Street, Cowley Road, Barns Road, in Templars Square and in Headington, as well as other outlets elsewhere in the county.
This newspaper enquired directly with Betfred as to whether any stores in Oxfordshire would be closing as part of the plans and, if so, which ones.
A spokesperson for Betfred responded: “We cannot comment on individual shops as there is a consultation process underway for the staff concerned.”
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