Ryanair traffic takes off despite Brexit gloom July 2, 2019 Irish airline Ryanair carried eight per cent more passengers on its planes last month, it revealed today. The budget carrier said it served 13.6m passengers, up from 12.6m in the same period last year. It was spread across 78,000 flights. Read more: Wizz Air grows passenger numbers amid route expansion Earlier this year the company [...]
Apple boss Tim Cook brands reports he fell out with designer Jony Ive ‘absurd’ July 2, 2019 Apple chief executive Tim Cook has hit out at reports he fell out with departing design chief Sir Jony Ive, calling the claims “absurd”. Ive, the British designer behind the iPhone, iPod and iMac, announced last week he was leaving Apple to set up an independent design company. A report in the Wall Street Journal [...]
Johnson will demand EU talks over free trade says campaign chair July 2, 2019 Boris Johnson is willing to make an offer to the European Union over post-Brexit free trade, but if his offer is rejected, Britain will leave the EU without a deal, the head of his Tory leadership campaign has said. Iain Duncan Smith, Johnson’s campaign chair, told Sky News his candidate would tell the EU Britain [...]
L’Oreal in talks to buy Azzaro and Mugler from Clarins July 2, 2019 L’Oreal is in talks to buy perfume and fashion brands Azzaro and Mugler from Clarins Group, it said today. The company did not disclose the financial details of the proposed deals. Clarins said the two brands’ have combined sales of €416m (£372m), representing 26 per cent of Clarins’ annual sales of €1.6bn. Read more: L’Oreal [...]
China accuses Hong Kong protesters of ‘undisguised challenge’ to running of city July 2, 2019 China has accused protesters who stormed Hong Kong’s legislative building on Monday of “serious illegal actions” that constitute an “undisguised challenge” to the way the city is ruled. Police used tear gas early this morning to disperse protesters who had smashed their way into the city’s Legislative Council building as part of protests against a [...]
Following heavyweight champ Andy Ruiz Jr’s lead towards punchy portfolios July 2, 2019 | City Talk Until the start of this month, if you had shown someone a photograph of Andy Ruiz Jr and asked what sport he did professionally, there is a fair chance they would have guessed ‘darts’. We are fervently hoping Ruiz does not take that line amiss because, of course, the correct answer is ‘boxing’ and, on [...]
Trainline on track as it posts big sales boost in first results since IPO July 2, 2019 Trainline’s chief executive today hailed last month’s “successful” float as the company showed a big jump in ticket sales last quarter. Net ticket sales rose 20 per cent to £906m, the firm said. A 27 per cent increase in revenue from tickets sold to UK consumers helped boost the figures. Read more: Trainline owner mulls [...]
Ex-Barclays trader Philippe Moryoussef takes UK to European human rights court over Euribor rigging conviction July 1, 2019 A former Barclays trader convicted of rigging the Euribor benchmark has launched a European Court of Human Rights claim against the UK. French national Philippe Moryoussef was tried in his absence by Southwark Crown Court in 2018 and convicted of conspiracy to defraud, receiving an eight-year sentence. He remains in France. In a statement today, [...]
Sanjeev Gupta’s Liberty Steel completes €750m Arcelormittal asset purchase July 1, 2019 Liberty Steel, part of billionaire Sanjeev Gupta’s GFG Alliance, has completed the €750m (£671m) acquisition of Arcelormittal’s European assets. The deal, which will add 14,000 employees, seven steelworks and five service centres to Liberty’s portfolio, is the biggest undertaken by the group to date. GFG Alliance now has around 30,000 workers across 30 countries, following [...]
Woodford offloads stake in Raven property investment firm July 1, 2019 Embattled stockpicker Neil Woodford has jettisoned his 12 per cent stake in Raven Property Group, bringing the total he has raised since the suspension of his flagship fund to £459m. Raven announced today that it has bought back 72.1m shares from Woodford at 36p per share. Read more: Neil Woodford cuts stake in AI firm [...]