Airline passenger capacity to grow 47 per cent in 2022, data shows December 8, 2021 Airline passenger capacity worldwide is expected to pick up in the next few months, as forecasts project a 47 per cent growth in 2022. Data from Cirium’s Airline Insights Review has revealed that capacity could return to 2015 levels by the end of next year, as domestic markets become the main drivers of demand. According [...]
Stagecoach profits rocket as passenger journeys boom December 8, 2021 Stagecoach’s profits have gone up 104.3 per cent in the half year ended 30 October, rocketing to £32.9m compared with £16.1m registered in the same period last year. Earnings per share went up from 0.1p to 2.7p in the same timeframe. The transport giant’s revenues have also hiked from £454.6m to £579.4 as a result [...]
Sureserve snaps up efficiency specialists CorEnergy in £7.5m deal December 8, 2021 Sureserve has acquired efficiency consultants CorEnergy (Cor) for £7.5m - boosting its renewables expertise and range of services.
London markets climb again as investors brush off Omicron fears December 8, 2021 London markets climbed again this morning as investors continue to brush fears over the Omicron variant. The capital’s premier FTSE 100 index added 0.37 per cent to reach 7,366.76 points, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.51 per cent to 23,356.58 points. This [...]
Nestlé to shed 22m L’Oréal shares as part of new £16bn buyback program December 8, 2021 Nestlé is set to shed around 22m L’Oréal shares, as part of a share buyback program worth more than £16bn (CHF 20bn). The consumer goods giant will have reduced its stake in the beauty group to 20.1 per cent once the transaction has been finalised. The shares sale is expected to pull in some £7.5bn [...]
City strengthens ties with non-EU partners in post-Brexit transformation December 8, 2021 The City is strengthening partnerships with countries outside the EU as it embarks on a post-Brexit transformation, reveals a new study released today. The US has overtaken the continent as the top destination for UK financial services exports for the first time ever, according to the Square Mile’s chief lobby group TheCityUK. City firms conducted [...]
Genocide lawsuit: Meta defends itself as Rohingya people sue for £150bn December 7, 2021 Meta, the parent company of Facebook, has defended the actions it took to prevent hate speech against Rohingya muslims during the Myanmar genocide. Rohingya muslims are claiming £150bn in compensation from Facebook over its failure to crack down on groups inciting violence against the religious minority and algorithms which amplified and promoted hate speech. Yesterday, [...]
Exclusive: Libor trader Tom Hayes has appeal request quashed December 7, 2021 Disgraced trader Tom Hayes who was jailed for rigging the inter bank lending rate has had an appeal request rejected.
Major Amazon Web Services outage hits Prime Video, Netflix and Disney+ December 7, 2021 Amazon and services including Prime Video and Alexa have been hit by network outages affecting thousands of users.
London hedge funds Eisler and Glen Point Capital plan rare $6bn merger December 7, 2021 Eisler Capital is reportedly planning to snap up Glen Point Capital in a rare deal between two players in London's hedge fund industry.