Business
October is the new summer for these major UK tourist attractions
Halloween thrill-seekers are transforming October into a peak month for theme parks, with Merlin Entertainments revealing the period now rivals August for profitability.
The owner of major attractions including Thorpe Park and Alton Towers states October now accounts for approximately a fifth of its yearly profit.
Fiona Eastwood, Merlin’s boss, emphasised the growing importance of the autumn season, stating October is “as significant” as the peak summer season for the attractions giant, which also operates Chessington World of Adventures and Legoland Windsor.
At Thorpe Park in Surrey, renowned for its Fright Nights since 2002, October now generates nearly half (46 per cent) of its annual profit.
The park even saw October visitor numbers surpass August in 2024, welcoming a third more guests than in the traditional summer peak.
Last year, October contributed almost a fifth of annual visitor numbers and nearly a quarter (23 per cent) of revenues at the attraction.
Similarly, Alton Towers in Staffordshire benefits significantly from its Scarefest programme. October now contributes 27 per cent of its annual earnings and 16 per cent of total revenue.
The park anticipates welcoming more than 440,000 visitors throughout this month alone.
Ms Eastwood said: “From the launch of Fright Nights at Thorpe Park in 2002 with just two scare mazes, to now delivering Halloween experiences right across our estate, we’ve transformed this occasion into a defining moment in our trading calendar.
“We’ve turned Halloween into a focal point that captures the imagination across generations and is now as significant as the peak summer season, and in some cases even more so.”
Outside of the UK, the firm’s Heide Park Resort in Germany saw the highest share of Halloween across Merlin’s European estate last year.
It comes as Halloween becomes a key event in the calendar for Britons, with the UK rapidly catching up with the grand-scale celebrations seen in America each year.
Merlin said its rides in the dark remain among the most popular attractions, with guests citing night-time experiences as a key reason for visiting its theme parks over the Halloween season.
But Ms Eastwood said its immersive experiences are also drawing in visitors.
UK attractions such as Alton Towers and Thorpe Park are expanding their Halloween programmes this year to offer more immersive, age-inclusive experiences which aim to “blend excitement with seasonal storytelling”.
Halloween experiences for this year include a new maze at Thorpe Park and two new attractions at Alton Towers – Trick O’ Treat Town and Amigos of the Afterlife.
The Oil and Gas Regulatory Authority (OGRA) has approved a fresh increase in the price of liquefied petroleum gas (LPG), raising the cost for both domestic consumers and commercial users.
According to the notification issued, the LPG price has been increased by Rs7.39 per kilogram, setting the new rate at Rs209 per kg for December. As a result, the price of a domestic LPG cylinder has risen by Rs87.21, bringing the new price to Rs2,466.10.
In November, the price of LPG stood at Rs201 per kg, while the domestic cylinder was priced at Rs2,378.89.
The latest price hike is expected to put additional pressure on households already grappling with rising living costs nationwide.
Business
Private sector data: Over 2 lakh private companies closed in 5 years; govt flags monitoring for suspicious cases – The Times of India
NEW DELHI: The government on Monday said that over the past five years, more than two lakh private companies have been closed in India.According to data provided by Minister of State for Corporate Affairs Harsh Malhotra in a written reply to the Lok Sabha, a total of 2,04,268 private companies were shut down between 2020-21 and 2024-25 due to amalgamation, conversion, dissolution or being struck off from official records under the Companies Act, 2013.Regarding the rehabilitation of employees from these closed companies, the minister said there is currently no proposal before the government, as reported by PTI. In the same period, 1,85,350 companies were officially removed from government records, including 8,648 entities struck off till July 16 this fiscal year. Companies can be removed from records if they are inactive for long periods or voluntarily after fulfilling regulatory requirements.On queries about shell companies and their potential use in money laundering, Malhotra highlighted that the term “shell company” is not defined under the Companies Act, 2013. However, he added that whenever suspicious instances are reported, they are shared with other government agencies such as the Enforcement Directorate and the Income Tax Department for monitoring.A major push to remove inactive companies took place in 2022-23, when 82,125 companies were struck off during a strike-off drive by the corporate affairs ministry.The minister also highlighted the government’s broader policy to simplify and rationalize the tax system. “It is the stated policy of the government to gradually phase out exemptions and deductions while rationalising tax rates to create a simple, transparent, and equitable tax regime,” he said. He added that several reforms have been undertaken to promote investment and ease of doing business, including substantial reductions in corporate tax rates for existing and new domestic companies.
Pakistan’s textile exports surged to $6.4 billion during the first four months of the 2025-26 fiscal year, marking the highest trade volume for the sector in this period.
According to the Pakistan Bureau of Statistics (PBS), value-added textile sectors were key contributors to the growth.
Knitwear exports reached $1.9 billion, while ready-made garments contributed $1.4 billion.
Significant increases were observed across several commodities: cotton yarn exports rose 7.74% to $238.9 million, and raw cotton exports jumped 100%, reaching $2.6 million from zero exports the previous year.
Other notable gains included tents, canvas, and tarpaulins, up 32.34% to $53.48 million, while ready-made garments increased 5.11% to $1.43 billion.
Exports of made-up textile articles, excluding towels and bedwear, rose 4.17%, totaling $274.75 million.
The report also mentioned that the growth in textile exports is a result of improved global demand and stability in the value of the Pakistani rupee.
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