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Evening Standard
Ryanair profit plunges as airfares set to slump over summer
Ryanair has said airfares will be “materially lower” over the peak summer months than last year, as it reported plummeting quarterly profits.The Irish budget carrier said on Monday that lower prices over spring pushed profits down 46% to 360 million euros (£303 million) for the three months to June 30.The average fare fell 15% to …
Business
Evening Standard
Gambling giant Entain appoints new boss after seven-month search
Ladbrokes owner Entain has appointed Gavin Isaacs as its new chief executive, ending a months-long search for a new head of the struggling gambling giant.Mr Isaacs, who was previously chairman of Games Global and was on the board of Entain’s US rival DraftKings, will join the sports betting giant on September 2.DraftKings tried to buy …
Business
Evening Standard
Ofcom fines BT £17.5m for ‘catastrophic failure’ of emergency call system
Regulators have fined BT £17.5 million for failing to respond to a more than 10-hour outage of its emergency call system last summer.Ofcom said on Monday that the telecoms giant suffered a network disruption in June 2023 which lasted 10-and-a-half hours and hit 14,000 emergency calls from 12,392 callers.The watchdog said BT did not have …
Business
Euro News
Biden’s decision to leave US election race: Implications for the markets
Business
Sky News
‘Unacceptable risk’: BT fined £17.5m over 999 call ‘network fault’
BT has been fined £17.5m over network disruption that affected 14,000 emergency calls and led to an “unacceptable risk”.Ofcom, the telecoms regulator, said the penalty was linked to a network fault on Sunday 25 June last year. The disruption lasted for more than 10 hours.It judged that while emergency services found no evidence of serious …
Business
Sky News
Ryanair warns shareholders of weaker summer fares as profits slip
Ryanair has reported weaker profits than expected for its first financial quarter, blaming a need to “stimulate” flight sales amid heightened consumer caution. Europe’s largest carrier by passenger numbers said it had engaged in more discounting than expected in the three months to the end of June, with the average fare 15% down, and it …
Business
Sky News
Smart meter giant Utilita eyes capital-raise to fund net zero ambition
Utilita, one of Britain’s top ten energy suppliers, is plotting to raise tens of millions of pounds to fund projects aimed at meeting net zero targets.Sky News has learnt that Utilita, which last season sponsored the Premier League football club Luton Town, has hired Alexa Capital to advise on the equity injection. Sources close to …
Business
Evening Standard
Rachel Reeves hints at above inflation public sector pay rises
Chancellor Rachel Reeves has said the Government will “make sure the sums add up” if public sector workers are given above inflation pay rises.Reports which first appeared in The Times suggest independent pay review bodies have recommended the 5.5% rise for teachers and around 1.3 million NHS staff.Speaking to the BBC, the Chancellor said she …
Business
Euro News
New York Times unable to push Germany’s Wordle out of puzzle market
Business
Evening Standard
Wizz Air’s UK boss hopes to undercut Gulf carriers on Middle East flights
Flight prices between the UK and the Middle East could be slashed to a quarter of current levels once Wizz Air receives new aircraft, the airline has claimed.Marion Geoffroy, UK managing director of Wizz Air, predicted the Airbus A321XLR planes will “revolutionise” air travel from a cost perspective.The enhanced fuel capacity of the jets means …
Business
Sky News
Nail bars and car washes to be targeted in summer immigration raids
Nail bars and car washes will be targeted by immigration officers as they step up enforcement action over the summer, the home secretary has announced.Yvette Cooper said 1,000 civil servants working on the now-abandoned Rwanda scheme will staff a new “returns and enforcement programme”. Writing in the Sun on Sunday, she said the programme will …
Business
Business Live
North East businesswoman tells of challenges in having to close apprenticeship business and make redundancies
The director of a former apprenticeships firm has told of the challenges faced in having to close the business and make people redundant. Michaela Reaney ran The Opportunity Group, which was set up in 2016 and had provided apprenticeships to more than 600 people, mainly on leadership courses. The Newcastle-based firm had faced the withdrawal …

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