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Sky News
BA owner returns to profitability but blames Heathrow for ‘operational challenges’
British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow for its current “operational challenges”.IAG chief executive Luis Gallego said the group’s best performing airlines were Iberia and Vueling, which were boosted by a recovery in the Spanish domestic market and routes to Latin America. …
Business
Sky News
Apple and Amazon beat expectations but still see profits slip as inflation bites
Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession.Apple, the world’s largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%. The results …
Business
Sky News
Second Home shareholders wiped out as ex-Cameron adviser targets rescue deal
Investors in the shared-office company founded by a former aide to David Cameron are to be wiped out as part of an imminent rescue deal.Sky News understands that Rohan Silva, who set up Second Home in 2014, has told shareholders that they will see their investment in the company “reduced…to zero” if a proposed funding …
Business
Sky News
US economy contracts for second consecutive quarter but recession not officially declared
The world’s largest economy has contracted for a second consecutive quarter but the downturn is yet to be officially termed a recession.The US recorded a 0.9% decline in output on an annualised basis between April and June when economists had forecast an increase of 0.5%. The early data would meet the international criteria for a …
Business
Sky News
Fears of US going into recession as economy contracts for second consecutive quarter
The world’s largest economy has contracted for a second consecutive quarter, although the downturn is yet to be officially termed a recession.The US recorded a 0.9% decline in output on an annualised basis between April and June, when economists had forecast an increase of 0.5%. The early data would meet the international criteria for a …
Business
Sky News
Why we should want Shell and Centrica to keep making money
Doubtless news of record earnings at Shell and a sharp rise in earnings at Centrica will be met with shrill complaints from the usual quarters about “obscene profits”.So it is important to put these results in context. Shell, which reported adjusted earnings – the industry’s preferred measure – of $11.5bn for the three months to …
Business
Sky News
UK’s largest container port set to come to a ‘standstill’ due to strikes
A union has revealed plans for a strike next month that it says will bring operations at the UK’s largest container port to a “standstill”.Unite made the threat while revealing the results of a ballot among its members at Felixstowe, ultimately employed by international ports operator CK Hutchison. The union said workers backed industrial action …
Business
Evening Standard
Pragmatic Prime Minister is needed to navigate recession
There’s a high chance that the first task of either Liz Truss or Rishi Sunak as Prime Minister will be to navigate the economy through a recession. That will require them to relinquish their dogmatic approaches to tax and adopt more practical policies to minimise the damage.CPI inflation was at a 40-year high of 9.4% …
Business
Evening Standard
Foxtons ups sales staff 10% as properties return to London market
Foxtons is set to increase its number of sales negotiators by 10% as available properties for sale return to the London market.“We’ve got the stock and my view is that we haven’t had enough sales negotiators on the ground, boots on the ground. So we will be, and are, increasing sales negotiators.“Frankly if you’ve got …
Business
Evening Standard
Foxtons ups sales staff 10% as properties return to London market
Foxtons is set to increase its number of sales negotiators by 10% as available properties for sale return to the London market.“We’ve got the stock and my view is that we haven’t had enough sales negotiators on the ground, boots on the ground. So we will be, and are, increasing sales negotiators.“Frankly if you’ve got …
Business
Business Live
Investment at flagship Cobalt Business Park building paves way for new tenants
A flagship building at the entrance to the UK’s largest business park is ready to support hundreds of jobs following the first round of a major refurbishment. A significant sum has been invested into CobaltOne at North Tyneside’s Cobalt Business Park, updating the reception area while also creating a show-floor on the third level to …
Business
Business Live
York property specialist swoops fror Grade II listed city building
Property investment and development specialist Helmsley Group has purchased 2 Lendal, a Grade II listed building in central York, on behalf of its investor network. Currently home to two restaurants including national Italian restaurant chain Zizzi, and Nola, an independent restaurant serving Creole-influenced dishes, the building was purchased from a private investor for an undisclosed …

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