Wizz Air bullish on summer recovery despite €114m loss July 28, 2021 Low-cost carrier Wizz Air reiterated that it would return to pre-pandemic levels of flying over the summer months after falling to a €114m loss in the first quarter. The Hungarian airline, which flew at just 33 per cent capacity in the first period due to continued travel restrictions across Europe, said it expected to hit [...]
British American Tobacco smoking alternatives revenues take off July 28, 2021 British American Tobacco has seen its smoking alternatives take off, as the new products brought in £883m alone and customers increased at their highest rate yet. Its smoking alternatives like vape, tobacco heating and modern oral products brought in more than 40 per cent more revenue in the six months to 30 June than in [...]
Shakespeare on advertising: Asos looks set to build on success July 28, 2021 ASOS recently reported revenues of £1.3bn for the four months leading up to June 30, 2021 – a year-on-year increase on last year’s performance of £1.1bn. Beyond customer growth, however, data from YouGov BrandIndex shows that the online fashion retailer has seen real improvement in a number of key areas. ASOS’ Impression scores – which [...]
ITV to restore dividend as advertising revenue bounces back July 28, 2021 ITV today pledged to reinstate its full-year dividend after the embattled broadcaster said it was emerging from the worst effects of the pandemic. The London-listed company said that while it will not pay an interim dividend due to ongoing uncertainty related to Covid, it planned to resume its payout at the end of its 2021 [...]
Rampant housing demand boosts Santander profits July 28, 2021 Strong mortgage lending boosted Santander’s profits in the first half of this year as demand in the UK housing market soared. Profits before tax at the lender were up more than fivefold to £751m, up from £148m in the same period last year. Higher net-interest income – the difference between what a bank receives from [...]
Olympics: Pool gold rush continues but disappointment in the rowing July 28, 2021 Olympic gold and silver medallists Tom Dean and Duncan Scott continued their imperious form in the pool as they combined to help Team GB win the 4x200m freestyle relay and the team’s fifth gold overall in Tokyo. The quartet came within 0.03 seconds of breaking the world record after a stunning performance that blew away [...]
Barclays UK assets hit £219bn as easing lockdown sees fewer loan costs July 28, 2021 Barclays UK assets have hit £219bn in the past six months as lockdown measures have eased, allowing for fewer loan costs. The bank’s UK division pulled in a total income of £3.2bn, which was up one per cent in comparison to last year but was partially offset by its operating expenses of some £2.1bn. Shares [...]
Rio Tinto boosts dividends as earnings double amid iron ore boom July 28, 2021 Mining giant Rio Tinto this morning announced that it would pay out $9.1bn in dividends after earnings more than doubled in the first half. The FTSE blue chip said that the increase was due to a boom in iron ore prices due to massive demand from China. Rio Tinto, which is the world’s biggest producer [...]
Barbie doll maker warns of higher prices as costs rise July 28, 2021 The toy giant Mattel has warned of higher prices in the lead up to Christmas as the industry looks to soften the blow of rising costs. The comments come after a rise in raw materials and shipping, owing in part to the global pandemic. However, the company still posted better than expected sales figures of [...]
The rise in house prices slows after stamp duty holiday ends July 28, 2021 Property prices have continued to rise but at a slower pace since the stamp duty holiday came to an end, according to the Nationwide HPI report for July. Annual house price growth slowed to 10.5 per cent in July, from the 17-year high of 13.4 per cent recorded the previous month. In month-on-month terms, house [...]
