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Record profits as Ryanair’s post-pandemic recovery accelerates
Ryanair reported record after-tax profits of €211m (£185m) in the Christmas season from October to December.The budget airline continued to perform better than its pre-COVID years as pent-up demand during October half-terms and Christmas and New Year breaks resulted in “strong” passenger numbers and fares across the board. Passenger numbers rose to 38.4 million over …
Business
Evening Standard
L&G begins search for new leader as Sir Nigel Wilson moves to stand down
Sir Nigel Wilson, one of the stalwarts of the City for the last decade, said today he wants to retire “from executive life” leaving Legal & General hunting gor new leader.The 66 year-old was knighted last year for services to the financial sector and to regional development.He is regarded as a thoughtful reformer, who pushed …
Business
Business Live
JD Sports hit by cyber attack on data system – customers warned to ‘be vigilant’ over fraud risks
Fashion giant JD Sports has revealed it has been hit by a cyber attack. The Greater Manchester-headquartered group said the incident resulted in the unauthorised access to a system that contained customer data relating to some online orders placed between November 2018 and October 2020. The affected JD Sports group brands are JD, Size?, Millets, …
Business
Business Live
Equinor awards major contracts for H2H Saltend hydrogen production project
Equinor has awarded two huge contracts for its Humber hydrogen production project. Linde Group has secured both packages of work at the Saltend site, where the energy giant intends to produce 600MW of low carbon fuel by 2027. Its Linde Engineering entity has been awarded the front-end engineering design works, with group company BOC set …
Business
Business Live
ADVERTORIAL: Hackurity is ‘raising the bar’ within the cybersecurity industry
If you’d brought up cyber attacks in a meeting just a few decades ago, your colleagues would’ve laughed you out of the room. But in today’s highly digital world, this is a very real and common threat to businesses the world over. As technology becomes more prevalent in our day-to-day lives, criminals become progressively more …
Business
Evening Standard
L&G boss to bow out after more than a decade in top job
Sir Nigel Wilson, one of the stalwarts of the City for the last decade, said today he wants to retire “from executive life” leaving Legal & General hunting gor new leader.The 66 year-old was knighted last year for services to the financial sector and to regional development.He is regarded as a thoughtful reformer, who pushed …
Business
Evening Standard
New Shell boss launches overhaul as executive roles cut
Shell has revealed it will combine its oil and gas production and liquified natural gas (LNG) divisions as part of an overhaul by its new chief executive.Wael Sawan, who took over at the start of this month, said the changes will take place from July.The new operation, which will combine Shell’s most profitable divisions, is …
Business
Evening Standard
Ryanair benefits from ‘pent-up travel demand’ as fares and profits rise
Ryanair has reported a hike in fares and profits amid strong demand for travel.The Dublin-based airline said average fares between October and December were 14% above 2019 levels.It recorded a profit of 211 million euro (£185 million) for the quarter.That is compared with a 96 million euro (£84 million) loss a year earlier, and is …
Business
Evening Standard
Unilever names former Heinz executive as its new boss
Consumer goods giant Unilever has named former Heinz executive Hein Schumacher as its new boss to replace outgoing chief executive Alan Jope.The Marmite to Ben & Jerry’s ice-cream firm said Mr Schumacher will take over the role on July 1 after a one-month handover with Mr Jope, who announced his plans to retire in September …
Business
Business Live
North East-born Legal & General boss Sir Nigel Wilson to retire
One of the North East’s most prominent business leaders has announced his intention to retire. Sir Nigel Wilson, who was born in County Durham, has been chief executive of pensions and investment group Legal & General for more than a decade. His time at L&G has seen the group focus significant investments into the UK …
Business
Business Live
Cornish superyacht maintenance business opens US office
A Cornish superyacht maintenance business is set to open a new US office as it continues its international expansion. Falmouth-based Lizard Yacht Service, which sources and fits parts for the luxury vessels, will establish a new base at the renowned yachting hotspot of Fort Lauderdale in Florida. It comes after the company, which was set …
Business
Evening Standard
Zahawi sacked by Sunak after ‘serious breach’ of Ministerial Code
Nadhim Zahawi has been sacked as Conservative Party chairman after a row over his tax affairs.On Sunday an ethics inquiry found the former Tory chairman was “in serious breach of the ministerial code”.It follows a difficult week for embattled Mr Zahawi who was revealed to have penalty as part of an estimated £4.8 million settlement …

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