Latest news with #MarkKing
CTV News
3 days ago
- Business
- CTV News
Nipissing social services board owed $2.1M in unpaid rent
The District of Nipissing Social Services Board faces over $2 million in unpaid rent from subsidized tenants, a $200,000 increase from 2023. Loading the player instance is taking more time than usual Loading the player instance is taking more time than usual The District of Nipissing Social Services Administration Board (DNSSAB) is facing more than $2.1 million in outstanding rent payments from subsidized tenants, with arrears increasing by $200,000 since 2023. 'There's no question in my mind that inflation has played a big part of this, and it's highly difficult for families to keep up with the inflationary costs that are ongoing,' said board chair Mark King, speaking with CTV News on Friday. Mark King Mark King, chair of the District of Nipissing Social Services Administration Board, speaks with CTV News about the region's subsidized housing units rental arrears on May 30, 2025. (Eric Taschner/CTV News Northern Ontario) He is attributing the rise to inflationary pressures, noting that even below-market rents are becoming unaffordable for those on fixed incomes. 'People, especially those in geared-to-income housing, are under pressure because of the inflationary process we've gone through in the last year or year-and-a-half. This has placed huge pressure on people being able to pay for their normal living costs,' King said during Wednesday's board meeting. The Nipissing District Housing Authority oversees 896 subsidized and affordable units. King acknowledged that while a collection process will be pursued, the board's auditor, Dean Decaire of BDO Canada, warned that some older debts may need to be written off. District of Nipissing Social Services Administration Board An undate photo of a sign depicting the District of Nipissing Social Services Administration Board's name and logo. (File photo/CTV News Northern Ontario) The exact amount to be written off remains undetermined as of this publication. Tracy Bethune, the authority's tenant services manager, said staff are grappling with more 'complex tenancies,' as tenants increasingly enter subsidized housing without adequate supports. During the meeting, she cited staff turnover, delays for hearings with the Landlord and Tenant Board, and non-payment as contributing factors to the growing arrears. With files from journalist Eric Taschner
Business Wire
5 days ago
- Business
- Business Wire
Xponential Fitness, Inc. to Host Analyst and Investor Day Tomorrow
IRVINE, Calif.--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) (the 'Company' or 'Xponential'), one of the leading global franchisors of boutique health and wellness brands, will host an Analyst and Investor Day tomorrow, Thursday, May 29, 2025, to be held at the New York Stock Exchange (NYSE) in New York, NY, beginning at approximately 9:00 a.m. ET. The event will feature presentations by members of the Xponential management team, including Mark King, CEO, John Meloun, CFO, John Kawaja, President, North America, and Tim Weiderhoft, COO, and will focus on the Company's operations, strategy and commitment to stockholder value. A question and answer session (Q&A) will follow. A live webcast of the Analyst and Investor Day will be available on the Investor Relations section of Xponential's website at For those unable to join for the live presentations, a replay of the webcast will be available through the Investor Relations section of the Company's website following the event. Following the conclusion of the Analyst and Investor Day, Xponential management will ring The Closing Bell ® at the New York Stock Exchange. A live webcast of the ceremony will be available beginning at 3:59 p.m. ET at the NYSE's website For additional details on the event, please reach out to investor@ About Xponential Fitness, Inc. Xponential Fitness, Inc. (NYSE: XPOF) is one of the leading global franchisors of boutique health and wellness brands. Through its mission to deliver the talents, assets, and capabilities necessary for successful franchise growth, the Company operates a diversified platform of eight brands spanning modalities including Pilates, indoor cycling, barre, stretching, boxing, strength training, metabolic health, and yoga. In partnership with its franchisees and master franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations throughout the U.S. and internationally, with franchise, master franchise and international expansion agreements in 49 U.S. states, Puerto Rico, and 30 additional countries. Xponential's portfolio of brands includes Club Pilates, the largest Pilates brand in the United States; CycleBar, the largest indoor cycling brand by number of locations in the United States; StretchLab, a concept offering one-on-one and group stretching services; YogaSix, the largest franchised yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements, and the largest Barre brand in the United States; Rumble, a boxing-inspired full body workout; BFT, a functional training and strength-based program; and Lindora, a provider of medically guided wellness and metabolic health solutions. For more information, please visit the Company's website at
Telegraph
7 days ago
- Climate
- Telegraph
Watch: Fire destroys Bournemouth beach huts
Popular beach huts on the seafront in Bournemouth have been destroyed in a mystery overnight blaze. Despite the efforts of fire crews to bring the flames under control, six huts were razed by the fire with others damaged. An investigation is now under way, Dorset & Wiltshire Fire and Rescue Service said. A video of the fire taking place. Credit- Mark King. @Bournemouthecho — Jess Skelton (@Jess_Journo_) May 27, 2025 The blaze broke out shortly before 1.20am in Undercliff Drive on Tuesday and raged until it was doused by 2.50am by firefighters. Footage circulating on social media shows enormous flames engulfing the beach huts as clouds of smoke rise. Emergency services can be seen spraying water on the fire as blue lights flash in the distance in the face of the flames. Residents living nearby who were in danger of being affected by the smoke were advised to keep their windows and doors closed. The huts are believed to be owned and rented out annually by Bournemouth, Christchurch and Poole council. They are extremely popular with tourists and residents and a key staple of the promenade at the resort, which boasts seven miles of sand. Britain's oldest public beach hut, which has been recognised with a blue plaque, was also badly damaged but is still standing. It was built in 1909 by borough engineer F P Dolamore. A spokesman for the fire service said: 'We were called to East Beach, Undercliff Drive, Bournemouth at 1.20am this morning for a fire involving multiple beach huts. 'Crews attended from Springbourne, Westbourne and Redhill Park, together with the aerial ladder platform from Westbourne. They found nine huts well alight, as well as an area of cliff approx 25m x 15m. 'Two main jets and four hose reel jets were used to extinguish the fire, and the stop was at 2.50am. 'The scene was handed over to BCP council, and investigations will continue today into what caused the fire.' The huts, near Bournemouth Pier, attract huge rental fees each year and there is a waiting list to take one on when available. It was not yet known whether the fire was suspicious.
Yahoo
15-05-2025
- Business
- Yahoo
Why Xponential Fitness (XPOF) Stock Is Nosediving
Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) fell 18.6% in the morning session after Chief Executive Officer, Mark King, informed the Board of Directors that he intended to retire as the Company's CEO and Director due to health reasons. While he remained in office until the Board found his successor, his departure introduced uncertainty about the company's future leadership. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Xponential Fitness? Access our full analysis report here, it's free. Xponential Fitness's shares are extremely volatile and have had 49 moves greater than 5% over the last year. But moves this big are rare even for Xponential Fitness and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 2 months ago when the stock dropped 38.4% on the news that the company reported weak fourth-quarter results: its full-year revenue and EBITDA guidance missed significantly. The standout detail was a 21% increase in system-wide sales across North America, driven by strong franchise growth and rising membership. However, total sales dropped 7% year over year, highlighting struggles in non-franchise revenue streams such as equipment and merchandise sales. Profitability also took a hit, with margins contracting significantly. This was largely due to a $46 million impairment charge related to goodwill and other assets. Combined with sluggish revenue growth, these factors led to a substantial earnings miss. Overall, this was a weaker quarter, as strong franchise sales and a revenue beat were overshadowed by a shrinking bottom line and cautious guidance. Xponential Fitness is down 41.2% since the beginning of the year, and at $8.20 per share, it is trading 55.6% below its 52-week high of $18.47 from February 2025. Investors who bought $1,000 worth of Xponential Fitness's shares at the IPO in July 2021 would now be looking at an investment worth $669.44. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
BBC News
14-05-2025
- Sport
- BBC News
King loses appeal against snooker match-fixing ban
Snooker player Mark King has lost his appeal against a five-year ban for was handed the ban in November 2024 after an independent disciplinary committee found the Englishman guilty of one count of match-fixing and one count of providing inside information on a former Northern Ireland Open champion was suspended by the sport's world governing body, the World Professional Billiards and Snooker Association (WPBSA), on 18 March was after suspicious betting was reported on his match against Joe Perry on 13 February that year at the Welsh Open, which King lost 4-0. Perry was not accused of any was ordered to pay over £68,000 in costs and banned from the sport for five 51, contested the punishment and his appeal was heard by an independent appeals committee on 8-9 April former world number 11 presented four points to be heard within his appeal, one of which he chose to abandon at the start of the stated that bettors placing large sums on 4-1 and 4-2, as well as the actual result of 4-0, weakened the argument that he had agreed to lose also argued that his relationship with one of the people connected to the betting was he complained that the disciplinary committee reached a number of wrong conclusions surrounding his form and an injury he was suffering with going into the match against Perry."Nowhere in this appeal has it been demonstrated that a factual decision is so wrong it could not have been reached, or an evaluative decision is so wrong that it can be said to be unreasonable," the independent appeals committee's final report added: "In our view the committee reached reasonable, rational, logical, clear and reasoned conclusions based on all of the evidence which they clearly considered carefully and we find no reason to interfere with the conclusions it reached."King will be eligible for a return to the sport in March 2028.
