Profits wag for Pets at Home as revenues up 10 per cent thanks to Brits splurging on furry friends August 3, 2023 Pets at Home made a profit during the first quarter with revenues rising 10.2 per cent to £568.2m, as the animal care brand was bolstered by new store openings. The pet store, which operates 453 sites across the UK, said that total group revenue reached £436.8m, up 7.9 per cent when compared to last year, [...]
Wizz Air smashes passenger records as CEO predicts further summer growth August 3, 2023 Wizz Air said it carried a record 15.3 million passengers in the three months to 30 June, up 25.5 per cent on 2022, as the ultra-low cost airline swung into profit on the back of soaring demand for travel. The historic traffic figures helped the carrier report a €79m (£68m) profit, up from a €284.5m [...]
Ferrari boosted by ultra-luxury consumers – but update falls flat with investors August 2, 2023 Ferrari upped its forecasts for the year ahead on Wednesday, as the luxury carmaker benefitted from cash-rich consumers’ ambivalence to challenging economic conditions. The luxury carmaker reported revenues of 1.47bn (£1.26bn), up 14.1 per cent year-on-year and an adjusted Ebitda of €589m (£507.2m), up 31.9 per cent. For the year ahead, it is anticipating modest [...]
Ryanair smashes monthly passenger record as Europe jets off for the summer August 2, 2023 Ryanair and Wizz Air both reported soaring passenger numbers this morning as the record breaking summer travel boom continued
Steady as she goes: Virgin Money launches further buyback after solid third quarter August 2, 2023 Virgin Money’s margin remained stable, despite increasing competition in the market, as Richard Branson’s bank said it anticipates a £175m share buyback at its end of year results. The challenger bank launched a £50m buyback today, after it passed the Bank of England’s stress test, and expects to deliver a £125m buyback with its full [...]
As mortgages go up, Britons’ inability to do maths is putting them in financial peril August 2, 2023 Brits who are bad at maths are losing around £2,850 every year - a figure which will only be exacerbated by the cost-of-living crisis, writes Ludovic Subran.
3 Ways To Improve Credit Risk Models for Financial Lenders August 1, 2023 Assessing financial risk based on historical credit performance, is no longer the leading factor to underpin lending decision-making, with our modern and inclusive economy. I know that traditional banking and finance professionals may not agree with that statement, especially if they have been accustomed to many years of using the management of credit as an [...]
The new London hotel that’s perfect for a west London staycation August 1, 2023 81% of UK holidaymakers are expected to book a UK hotel getaway this year, as the cost of living crisis keeps Brits from booking international trips. If you’re thinking about a London staycation, The Adria in South Kensington has a few things that others don’t. As the pandemic pointed out, holidaying at home – especially [...]
Crash warning: House prices slump in July as market hits 2009 lows August 1, 2023 House prices have slumped by 3.8 per cent year on year, the latest closely watched figures from Nationwide show, as a season of high interest rates and weak consumer confidence continues to batter the market. The figure is the weakest since July 2009, although it is only slightly lower than the -3.5 per cent recorded [...]
Are central banks to blame for the inflation crisis? August 1, 2023 As we enter what looks like the final leg of central banks’ interest rate rising journeys, it’s as good a time as ever to trace why they have been jolted into action after over a decade of ultra loose policy and whether their response to the inflation crisis has been effective. Coming out of the [...]