Ryanair passenger numbers climb to 14.8m in July August 6, 2019 Ryanair’s passenger numbers grew to 14.8m In July, a nine per cent increase on the same period the year before. Ryanair carried 14.2m passengers, while Lauda, the low-cost Austrian airline acquired by Ryanair, carried 600,000. Read more: Ryanair boss Michael O’Leary warns of job losses over Brexit and Boeing woes Ryanair operated over 81,000 scheduled flights [...]
Rare respite for Germany as factory orders pick up August 6, 2019 German factory orders beat expectations in June, official statistics showed today, providing a rare piece of good news for the country’s struggling economy. Read more: Eurozone construction sector held back by Germany in July New orders for manufacturers grew 2.5 per cent on the previous month, far exceeding the 0.5 per cent rise predicted by [...]
Downing Street: EU must ‘change stance’ to avoid no-deal Brexit August 6, 2019 The government has urged the EU to “change its stance” on negotiations after the bloc reportedly accused the UK of pursuing a no-deal Brexit. Downing Street rubbished the claim after the bloc said there was no new basis for “meaningful discussions” over a deal. Read more: Why free ports could turn Brexit to our economic [...]
European stock markets tentatively rise as China stems currency fall August 6, 2019 European stock markets have broadly risen this morning on signs that the People’s Bank of China has stemmed the fall of the renminbi after the US officially labelled China a currency manipulator. Read more: Tumbling Chinese currency drags down stock markets on trade war fears China’s currency fell to the seven-per-dollar level not seen since [...]
Free ports could turn Brexit to our economic advantage August 6, 2019 One of the most exciting shifts in policy under the new government has been its whole-hearted embrace of free ports. But many people are still puzzled by what they are. In a nutshell, free ports are areas which are within the UK, but outside its customs borders. So you can bring your goods into the [...]
Regional investment, not taxes, holds the key to bursting the London bubble August 6, 2019 For populist left-wing, typified by Jeremy Corbyn, there are few problems that can’t be solved by taxing the rich. But who exactly are they? A new report by the Institute for Fiscal Studies (IFS) sheds some light on this much-maligned demographic. To be in the top 10 per cent of income tax payers you need [...]
Lawyer who played key role in Brexit case set for disciplinary tribunal over dishonesty claims August 5, 2019 The vice-president of the Law Society is set to face a disciplinary tribunal later this month over claims of dishonesty. David Greene, who acted for a claimant on the Article 50 litigation in 2016, is set to appear before the Solicitors Disciplinary Tribunal (SDT) on 13 August. The claim centres around £7,000 in unpaid fees [...]
FTSE 100 takes battering as trade worries shake global markets August 5, 2019 The FTSE 100 took its second battering in as many sessions today as trade tensions and the prospect of a no-deal Brexit put the fear of God into investors. The blue-chip index lost 183.21 points, or 2.47 per cent, to end the day at 7,407.06, after dropping more than 177 points on Friday. Only miner [...]
HSBC worries mount after CEO exit August 5, 2019 By Graeme Evans from interactive investor. Ousting CEO John Flint after 18 months highlights the pressures on HSBC, despite robust H1 results today. As if the current geopolitical and monetary policy concerns were not bad enough, HSBC (LSE:HSBA) investors now have succession risk to worry about after the bank’s surprise decision to part company with John Flint only 18 months [...]
Tumbling Chinese currency drags down stock markets on trade war fears August 5, 2019 China’s currency the renminbi today slumped against the dollar to a level not seen since the financial crisis, sparking an equities sell off due to fears of a further escalation of trade tensions. Read more: Donald Trump accuses Beijing of currency manipulation The currency, which the Chinese government lets fluctuate two per cent either side [...]