Ryanair posts first profit since Covid but mulls London delisting November 1, 2021 Budget airline Ryanair has reported its first quarterly profit since the start of the pandemic, with shares going up to €16.96 compared to €16.46 registered earlier this morning. However, the Irish-based group said it still expected to post an annual loss of up to €200m (£195.4m) as it would need to discount tickets this winter. [...]
Return to high street aids leasing boost for Capital & Regional November 1, 2021 London-based mall owner Capital & Regional said it has seen strong momentum driving its leasing activity as shoppers flock back to high streets. September was also its best month on month comparison versus 2019, after lockdown rules were gradually eased earlier this year. In the three months to the end of September, the firm completed [...]
Microsoft takes over as world’s most valuable public company as Apple shares topple October 30, 2021 Microsoft stole the title of the world’s most valuable public company from Apple. The iPhone producer’s shares fell around two per cent on Friday after taking a $6bn hit to sales during the fourth quarter. Global supply chain issues have put pressure on the tech firm with warnings from Apple chief Tim Cook that the [...]
‘Whole country wishes her well’: Queen advised to rest for two weeks October 30, 2021 The Queen has been advised to rest for two more weeks, with the Prime Minister saying the whole country wished her well. Buckingham Palace announced on Friday that the 95-year-old monarch would not carry out any official visits for a fortnight. Following doctors’ advice, the Queen will continue with some light, desk-based duties. The palace [...]
G20 leaders back global minimum corporate tax deal from 2023 October 30, 2021 World leaders are set to endorse a deal on a global minimum corporate tax of 15 per cent, to be enforced in 2023. Leaders are readying to back the Organisation for Economic Co-operation and Development (OECD)’s deal, according to draft conclusions of the G20 summit. The documents, seen by Reuters, stated: “We call on the [...]
PM refuses to rule out French trade dispute action over fishing row October 30, 2021 Boris Johnson has refused to rule out triggering trade dispute action against France next week, after a row over fishing. France threatened to ban British seafood exports after dozens of French vessels were denied post-Brexit fishing licences for UK and Jersey waters, “We won’t let the British wipe their feet on the Brexit agreement,” French [...]
UK donating tens of millions of Covid jabs to developing nations October 30, 2021 The Prime Minister has said the UK is set to donate tens of millions of coronavirus vaccines to developing nations. An additional 10 million doses of the Oxford-AstraZeneca jab will be donated over the coming weeks through the COVAX programme. This means the total sent for the year will hit 30.6m. There will be a [...]
Farming minister: UK needs carbon taxes to push farmers to be more eco-friendly October 30, 2021 The UK is edging towards taxes on the meat sector, which is a high polluter, according to the farming minister. Speaking to The Telegraph, environment and food secretary George Eustice said the country must “move into the realms of things like carbon taxes” when existing EU agricultural subsidies are eventually phased out. The Government is [...]
London titans fear business rates relief cap will leave them with ‘same old headache’ October 28, 2021 Central London businesses and landlords have been left disappointed after a cap on a new business rates discount. At the dispatch box on Wednesday, Chancellor Rishi Sunak announced a one-year discount of 50 per cent for businesses in the hospitality, retail and leisure sectors. Eligible businesses will be able to claim a discount on their [...]
World’s largest brewer AB InBev upgrades earnings growth forecast after success in Brazil October 28, 2021 Budweiser maker AB InBev has upgraded its earnings growth forecast for 2021 after it reported a surprise jump in profit. An unexpected third-quarter profit increase came after the world’s largest brewer’s beer sales were boosted by Brazilian consumers. The Belgium-based brewer said on Thursday it anticipated EBITDA to grow between 10 per cent and 12 [...]
