FTSE 100 finishes in the red amid second wave concerns June 22, 2020 The FTSE 100 has started the week on the back foot amid growing concern over a second wave of coronavirus infections. As markets opened, the index fell 0.94 per cent to begin the day in the red at 6,233.28 points. However, the FTSE 100 trimmed some of its losses to finish 0.76 per cent down [...]
Ryanair set to cut up to 3,000 jobs due to coronavirus May 1, 2020 Budget airline Ryanair has warned that it might cut up to 3,000 jobs due to the ongoing disruption from the coronavirus pandemic. The low-cost carrier said that it would begin a restructuring programme in July 2020, with most of the cuts expected to affect pilots and cabin crew staff. It also said that unpaid leave, [...]
UK coronavirus cases hit 19 as Wales confirms first patient February 28, 2020 The first case of coronavirus has been confirmed in Wales as two further cases in England bring the UK’s total to 19. According to the chief medical officer for Wales, the patient had traveled back from northern Italy where the virus was contracted. The two new cases in England have been transferred to specialist NHS [...]
Easyjet becomes first major airline to go carbon neutral November 19, 2019 Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact. The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in [...]
Heathrow told to keep check on credit rating amid expansion plans August 29, 2019 Heathrow airport has been warned it may be obliged to maintain an investment grade credit rating to reassure investors of its financial position while its third runway gets built. The UK’s aviation regulator, the Civil Aviation Authority, said it would explore a proposal to make it mandatory for Heathrow to hold such a rating, to [...]
Honda cuts operating profit outlook by 10 per cent due to strong yen and falling motorcycle sales November 8, 2019 Honda has cut its annual profit expectations by 10 per cent and said it would buy back $915m shares over the rest of the financial year. Japan’s third biggest car maker is now predicting an operating income of ¥690bn for the year ending March 2020. Read more: Crossrail will not open until 2021 and could [...]
Corona Crash: Global markets suffer worst day since 1987 as virus spreads March 13, 2020 The FTSE 100 yesterday chalked up its biggest one-day fall since the Black Monday crash in 1987, plunging 10.87 per cent as the scale and likely impact of the coronavirus pandemic became clear. After a sea of dire corporate warnings across the globe, US stocks also suffered their biggest fall since 1987 before the New [...]
132 UK companies issue coronavirus warnings as FTSE 100 spirals February 28, 2020 More than 100 UK-listed companies have now warned the stock market of the effects of the coronavirus on their businesses, according to figures released today. British giants like Guinness brewer Diageo and British Airways owner International Airlines Group are just two of 132 companies to issue warnings to investors. In the last week alone, 62 [...]
FTSE 100 jumps as investors cheer surprise US jobs figures June 5, 2020 The FTSE 100 has jumped as investors go into the weekend in a joyous mood after the US economy added 2.5m jobs in May and the European Central Bank (ECB) ramped up its stimulus measures. The blue-chip index was up two per cent at 6,468 points in afternoon trading. It put the FTSE 100 on [...]
Ryanair flights continue as normal as pilots kick off three-day strike September 2, 2019 Ryanair pilots have begun their three-day strike today, but the airline said it is still operating a normal schedule. Ryanair said it did not expected any strike-related disruption to its flights today, although it has suffered knock-on effects from air traffic control problems that began in France yesterday. Read more: Ryanair loses court bid to [...]