Boeing delays don’t take shine off Ryanair’s post-pandemic takeoff July 24, 2023 Ryanair saw its first quarter profits fly past pre-pandemic levels to €663m (£572m) in the three months up to the end of June as it cashed in on soaring demand and rising ticket fares. The budget carrier is currently operating its largest ever summer schedule and said passenger traffic rose 11 per cent to 50.4 [...]
FTSE 100 CEO churn reaches five year high, but women continue to miss out on top roles July 24, 2023 Women are much less likely than men to secure the top job at Britain’s largest companies despite FTSE 100 firms shaking up their boardrooms at the fastest pace in five years, a new study out today shows. Just 27 per cent of chief executive appointments on London’s premier stock index in the first six months [...]
UK inflation will top Bank of England two per cent target until end of 2024, EY claims July 24, 2023 Inflation will top the Bank of England’s two per cent target for over a year, hobbling UK economic growth and eroding workers’ finances, new forecasts out today claim. Prices are set to ease much slower than previously expected due to food and energy costs remaining elevated, according to consultancy the EY Item Club. UK inflation [...]
Federal Reserve and European Central Bank may back final rate rises this week, experts bet July 24, 2023 US Federal Reserve and European Central Bank officials could launch their final interest rate rises this week as inflation ebbs in their respective economic blocs, experts are betting. Members of the federal open market committee (FOMC) are on Wednesday tipped to raise borrowing costs 25 basis points to a range of 5.25 per cent and [...]
UK vacancies run at 1m in every month for last two years July 24, 2023 UK businesses are still hungry to take on workers despite the economy slowing under the weight of high inflation and interest rates, a new survey out today shows. Vacancies are up for the fifth month in a row and have now been at least 1m in every month since June 2021, according to research by [...]
Relax some net zero measures, says Michael Gove July 23, 2023 Top Conservative minister Michael Gove has called for some net zero measures to be relaxed as he warned against green policies becoming a “religious crusade”. Gove’s intervention came in the wake of a Labour defeat in the Uxbridge by-election which saw the victorious Conservative MP Steve Tuckwell run a single-issue campaign opposing the ULEZ rollout. [...]
Supermarket fuel margins more than double since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the start of the war in Ukraine, new analysis suggests. The RAC said Asda, Tesco, Morrisons and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022. The motoring services company found this had [...]
RAC: Tesco, Sainsbury’s, Asda and Morrisons have more than doubled fuel margins since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the Ukraine war began, according to research from motoring firm the RAC. The ‘big four’ supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – have seen the profits they make per litre of diesel and petrol rise from 4.7p to 10p since the Russian invasion started in [...]
Crypto’s story this week is one of sideways trading, but the future is self-custody education July 21, 2023 As he thinks about taking to the racetrack, Jason Deane reflects over a week that has been far more exciting than just sideways trading.
FTSE 100 close: London markets measured after strong week July 21, 2023 London markets stayed flat throughout Friday after a strong week, closing slightly higher and extending earlier gains caused by lower than expected inflation. The bluechip FTSE 100 was measured throughout the day and closed in the green at 7,658.53, while the midcap FTSE 250, which is more aligned with the health of the UK economy, [...]