Spain's Telefonica sells its Ecuador unit at $380 million
The transaction aimed to further reduce the Spanish company's exposure to Latin America, after it recently sold its businesses in Uruguay, Peru and Argentina to focus on Spain, Brazil, Britain and Germany.
Telefonica had agreed a month ago to also sell its Uruguayan unit to Millicom, which operates telecom companies all over Latin America under the brand Tigo.
The company had to book an accounting loss of 1.7 billion euros ($1.9 billion) during the last quarter from the disposals in Peru and Argentina.
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Daily Mail
6 hours ago
- Daily Mail
Brits turn their back on Majorca: Desperate Spanish officials admit anti-tourism protests 'are scaring visitors away' as locals say top resort is 'completely dead'
Spanish officials have admitted that a relentless campaign of anti-tourist protests in Majorca is 'scaring away visitors' - with locals claiming some resorts are now 'completely dead'. A slump in spending in Majorca this summer has been blamed on the wave of anti-tourism protests that have gripped Spain. With British holidaymakers seemingly among foreigners turning their backs on the island, its tourism industry is in panic mode as officials overseeing the nightlife sector and tour companies warn that guests no longer feel 'welcomed'. The restaurant association president, Juanmi Ferrer, gave a stark warning that the messaging of the protests is 'scaring visitors away'. Additionally, Miguel Pérez-Marsá, head of the nightlife association, told Majorca Daily Bulletin: 'The tourists we're interested in are being driven away; they don't feel welcome and are going to other destinations.' Local media reports that the situation has become so dire that some managers have given staff holidays in the middle of July, which is often the height of the summer rush. But it's not just bars, restaurants, and nightlife venues feeling the slump. Tour guides are seeing the same downward trend. Pedro Oliver, president of the College of Tour Guides, said: 'The anti-tourism messages are resonating.' The restaurant association president, Juanmi Ferrer, gave a stark warning that the messaging of the protests is 'scaring visitors away'. He revealed excursion sales have dropped by 20 per cent this summer, with Valldemossa, Palma and Port Soller among the worst-hit areas as British, German, and Italian tourists have all been put off. 'If you generate negative news, which has repercussions in other countries, tourists opt for other destinations when choosing their holidays,' he said. 'We are sending the message that we don't want tourists and that everything is too crowded. Excursion operator Proguies Turístics normally offers around 30 excursions per cruise. That number is now down to just 12 to 14. Its president, Biel Rosales, warned: 'Tourismphobia and the idea that tourists are not welcome are hurting us greatly.' He added that high prices and traffic jams are also turning tourists away. Transport bosses are also worried. Rafel Roig, president of the transport federation, said: 'You can't send out these messages because people won't go where they're not wanted.' Coach firms and taxi drivers have both seen a decline in customers. Biel Moragues, from one of the island's taxi associations, said: 'British tourists are the most upset by the protests and have changed their holiday destination.' Locals now say tourism on the island is completely different from years gone by. Lesley Johnson, 66, from Leicester, who has lived on the island for more than 30 years, told Mail Online: 'This area used to have a lot of British bars and pubs, and they would hold quiz leagues and dance leagues. 'Back then, if you went along this street at 7pm at night, you couldn't walk up, it would be full of tourists, but now it's completely dead. A lot of the Germans and Brits - they've just gone home.' Barbara Mellor, a British citizen who moved to Majorca in 2004, also said: 'We've certainly found that the number of Brits has dropped. 'You get your busy day here and there, but then the next day or a few days, it goes quiet.' It marks a shift in tone from earlier this season, when businesses had been blaming falling tourist budgets for the disappointing figures. Now, many say it's the hostility towards holidaymakers that is making the situation worse. Earlier in the year, angry protesters took to the streets holding up signs warning tourists to 'go home'. Some business owners say the anti-tourism messaging has 'resonated' with holidaymakers Some are said to have even fired water pistols at tourists. Others surrounded holidaymakers, shouting at them to leave the country. But not everyone agrees that the backlash against tourism is to blame. Jordi Mora, president of the Federation of Small and Medium Enterprises of Majorca (PIMEM), rejected claims there had been a real drop in visitor numbers and dismissed suggestions the protests were scaring people away. He said: 'The latest PIMEM report pointed to five per cent growth compared to 12 per cent last year, and that reflected demand which was reaching a limit.' Official figures for July tourism will not be released until September, while June's data is expected in the next few days. There was a 1.6 per cent dip in visitor numbers in May.
The Sun
21 hours ago
- The Sun
Morrisons selling GIANT sweet treat that's perfect match for the Lionesses' Euros Final
Morrisons is marking the Lionesses' Euros Final this Sunday with a giant sweet treat. The supermarket is selling a 10‑inch novelty football cookie for £7. 2 The Morrisons Giant Football Cookie is sold at Market Street stores. The large, chocolate-flavoured bake is made with milk, cocoa and wheat flour. It comes as England prepare to face Spain on Sunday in a rematch of the World Cup final two years ago, where Spain won 1-0. The cookie, spotted by shoppers in the Facebook group Snack News & Reviews, is billed as perfect for sharing at match-day gatherings as fans cheer on the Lionesses to bring it home. This isn't the first football cookie Morrisons has offered - the novelty treat tends to make a return around big football events. It comes after the supermarket faced criticism over its new delivery charge. Shoppers now face a £3 fee on orders under £40, up from the previous £25 minimum spend. The change, rolled out on July 14, has drawn concern from smaller households and elderly customers who often place smaller orders. The charge does not apply to customers with a paid delivery pass. Consumer advocate Martyn James said: 'Online deliveries became a lifeline for people over the pandemic. Iconic 80s retro sweet RETURNS to UK supermarket shelves after a decade 'But for millions of people they continue to be essential. "Introducing charges like this might seem small, but for people struggling to make ends meet, they really can have a huge impact. ' Online deliveries help people with disabilities, those working multiple jobs. older and more vulnerable people and families on a tight budget using online services to stay within very tight budget limits. 'These charges seem deeply unfair for those who need deliveries the most.' Morrisons said: 'We have recently introduced a £3 delivery fee supplement to customers who order a basket of £40 or under to be delivered to their home. 'This fee will not apply to our paid Delivery Pass Customers and even with the additional fee our prices remain competitive versus the rest of the market.' Asda, Tesco and Sainsbury's all charge extra fees on delivery orders below their minimum basket values - £3 for under £40 at Asda, £5 for under £50 at Tesco and £7 for under £40 at Sainsbury's. 2
Daily Mail
a day ago
- Daily Mail
The Lionesses are on the brink of glory at the Euros... and so is their market value! Brand expert reveals how women's team are entering their 'influencer' era - and the one thing the men's team MUST learn from them
Should the Lionesses beat Spain in the Euros final on Sunday, they won't just be bringing football home, they'll be opening the door to a commercial future once thought to be intangible for the women's game. Their 2022 Euros triumph broke many preconceptions of what is achievable in the sport, and the top tier of women's football is fast becoming a goldmine for brands seeking authenticity, relatability and reach. The Lioness stars have become more than just athletes. They are style icons, social trailblazers and marketable personalities with growing influence that's not gone unnoticed by big player brands. 'They're doing more outside the sport than the men's team ever have,' says Hayley Knight, Co-Founder and Director of Comms for BE YELLOW, a leading PR and Media Relations Agency. 'They're more human. They're more accessible. They're pushing for equal access in sport for schools and they're influencing policy. 'And the one wonderful thing about the Lionesses in particular and this particular team is that there's no scandal, they're very open and honest. There's LGBT representation. It's very diverse. 'So there are a lot more brands that can invest and there's a lot more brand trust that they can hook onto. And the contracts will be longer because of that. 'Plus they have access to social media and influencer marketing in a way that previous teams and the men's team have never had access to.' Lucy Bronze's on-field heroics and social media visibility have landed her lucrative endorsements with the likes of VISA, Spotify, and recently, Rexona, that have seen her rake in the big bucks, amassing a whopping £3.5m net worth. Fashion house Gucci swooped up the ascendant Leah Williamson as a brand ambassador – and along with other deals with big players like Nike and Pepsi – the England captain has a staggering £4m net worth. And they're not the only millionaires in the squad - Chloe Kelly, Lauren James, and Alessia Russo can all boast at least six-figure values from their deals with industry giants like Calvin Klein, Google Pixel and Adidas, to add to their wages. Growing viewerships have seen the Lioness stars begin to bridge the chasm to the men's when it comes to earning away from the pitch, but that's not the only magnet for advertisers. 'They have different audiences, and more diverse audiences, than the men's teams,' Knight explains. 'They also have access to the women and girls market, which is a very underserved demographic, especially in sports. And that can be incredibly valuable to brands in order to help target them. Williamson, pictured stripping down to her underwear while modelling for Calvin Klein, has a staggering £4m net worth - thanks to sponsorship deals with big players like Nike and Pepsi 'A lot of brands' main focus is on Gen Z and the younger audience, and the Lionesses will allow them to access that.' With further Euro glory on the horizon, the already burgeoning market for England's female football stars could find a second, third, even fourth, wind in the coming years. 'I think over the next 12 to 24 months, merchandising growth could lead to about a £10 to 20m increase,' predicts Knight. 'I'd say we'll see about a 20 to 30% increase across endorsement deals. If the players go above and beyond the sport, they're probably looking to make about £20,000 to £60,000 per sponsored post. 'I think they could even exceed a 50% increase over the next few years.' Those endorsement premiums will almost certainly bleed into the salaries seen in the Women's Super League. At present, Chelsea forward Sam Kerr is reportedly the highest earner in the league, taking home a considerable £400k a year. That dwarfs the average annual salary of women footballers globally per FIFA's annual report, a measly £8k per year, which increases just under £18k when only the 41 clubs designated as Tier 1 are taken into account. Spain superstar Ainata Bonmati broke records last year by coming the first women's footballer to earn a salary of €1m a year (around £835k) - a record broken in the men's game in 1979 Still, even a superstar like Kerr would have to work roughly 385 years to make what Cristiano Ronaldo does in one – the Portuguese legend snaps up an unconscionable £153.5m a year in his new Al Nassr contract. Ainata Bonmati broke records last year by coming the first women's footballer to earn a salary of €1m a year (around £835k) - as a point of comparison, Trevor Francis became the first men's footballer to earn £1m when he joined Nottingham Forest in 1979 – 46 years ago. 'I don't think the ceiling will ever be as high as men's sports, unfortunately, and I hate to say that. But I think that the women will swiftly increase and bridge the gap. 'There's more growth potential for the Lionesses. 'I think [Switzerland star] Alisha Lehman is a really interesting example. She's positioning herself as an Instagram influencer beyond a top level player. And she's not just influencing football, she's also getting brand deals for fashion and beauty and lifestyle. And I think that we've only really seen that in the past with big fashion advertising campaigns for the likes of Beckham. But these women that already have that platform and work as influencers, become a lot more accessible to smaller brands.' The nation will be behind the Lionesses on Sunday, as they look to add to their growing trophy cabinet, but even if they don't succeed, Knight reckons their commercial value won't diminish.
