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Ryanair has released its latest customer and load factor figures, which show that traffic has grown 28% to 6.67 million customers.Kenny Jacobs, chief marketing officer at Ryanair put the increase down to “lower fares, our stronger forward booking strategy and the continuing success of our "Always Getting Better" customer programme,...
It has been reported by the Confederation of British Industry (CBI) that the UK economy grew by 0.7% in the three months to March, which is an increase from the previous quarter’s figure of 0.6%.The monthly figure was taken from a survey of 764 private companies across a variety of...
US delivery firm FedEx has agreed to buy its rival TNT Express for €4.4 billion (£3.2 billion) ahead of plans to extend its reach into Europe. Tex Gunning, chief executive of TNT Express, said: "This offer comes at a time of important transformations within TNT Express and we were fully geared...
South Korean electronics firm Samsung has said that quarterly operating profit is likely to be about 5.9 trillion won (£3.65 billion), ahead of expectations but still 30% down on the year before.The relatively upbeat financial update follows a slump over the previous two quarters, led by a slowdown in mobile...
Clothing sales at M&S have at last seen an increase, the first rise in 14 quarters. The increase of 0.7% matched the rise seen in food sales, the company’s best performance in general merchandise for nearly four years. In the three months to March 28th, the company revealed that total like-for-like...
McDonalds has said that it will raise the pay of over 90,000 workers in the US to above the legal minimum, following moves by American supermarket chain Wal-Mart. The rate is short of that demanded by campaigners, who have been asking for the minimum wage itself to be raised to $15...
US food giant Kraft has been accused of fixing the price of wheat, triggering an investigation by the US Commodity and Futures Commission (CTFC). According to the allegations, the company bought $90 million (£61 million) of wheat futures but had no intention of taking delivery. Aitan Goelman, the CFTC’s Director of...
A large fire at a branch of Carluccio’s has shut shopping outlet Bicester village. The blaze, which broke out just before 9am, is being fought by seven fire crews but an eye witness at the scene said that it seemed to be “spreading along the village”. ...
Over 100 company bosses have pledged their support for a Conservative-led government in an open leter published in the Daily Telegraph. The letter, whose signatories include Baroness Brady, Tidjane Thiam, Sir George Iacobescu, Duncan Bannatyne, Sir Ron Dennis, Cassie Hutchings, Sir Stuart Rose and T Ramachandran, said that a labour government...
Asos has announced a 10% fall in first half profits, but said that this would not impact its full year forecasts. In the six months to February 28th, Asos reported pre-tax profits of £18 million, down from £20.1 million a year earlier.The online fashion retailer attributed the fall to price cuts...
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