Graeme Wearden
Graeme Wearden
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Aircraft orders dry up as industry records worst ever January

Aircraft orders dry up as industry records worst ever January

Sector recorded no new orders for passenger aircraft at all, with only four cargo planes booked Mon 22 Feb 2021 01.00 ESTOrders for new aircraft all but dried up in January as the airline industry continued to be buffeted by the Covid-19 pandemic.Just four commercial aircraft orders were placed last month, according to ADS, the UK trade organisation. That’s the worst January on record for orders, down from 296 in January 2020.These orders were all for widebody aircraft – four , with no new orders of passenger aircraft. No orders for single-aisle aircraft were placed, for the first January...

theguardian.com
Graeme Wearden
3d ago
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FTSE 100 hits nine-month high amid Brexit deal relief and vaccine hopes – business live

FTSE 100 hits nine-month high amid Brexit deal relief and vaccine hopes – business live

ShowThe US stock market has opened at fresh record high, with the Dow Jones industrial average gaining 114 points or 0.4% to 30,518.The broader S&P 500 index is up 0.3%, while the tech-focused Nasdaq gained another 0.2% extending yesterday’s gains after Donald Trump signed the $900bn coronavirus stimulus spending bill.Reuters says:Wall Street’s main indexes opened at record highs on Tuesday as bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year.In the US, house prices have surged at the fastest rate in six years, as the...

theguardian.com
Graeme Wearden
Dec 29
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UK falls into recession as GDP tumbles 20.4% in April-June - as it happened

UK falls into recession as GDP tumbles 20.4% in April-June - as it happened

ShowAnd finally, the UK stock market has closed at its highest level in over three weeks - as Britain’s slump into recession fails to alarm investors.The FTSE 100 has ended the day 125 points higher at 6280, its best closing level since 17th July.Every sector rallied, led by utilities, healthcare, basic materials and energy companies.That’s a surprising response to the first recession in over a decade.... but don’t forget that the slump was ‘priced in’, and investors are now betting on low interest rates, and fresh stimulus measures from central bankers.Michale Hewson of CMC Markets has...

theguardian.com
Graeme Wearden
Aug 12
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Boots to cut 4,000 jobs as John Lewis to shut eight stores, putting 1,300 jobs at risk - business live

Boots to cut 4,000 jobs as John Lewis to shut eight stores, putting 1,300 jobs at risk - business live

ShowTime for a recap:Thousands more jobs are being lost across the UK as businesses reel from the impact of Covid-19, prompting criticism that the government isn’t doing enough to support the economy., including full-size department stores in Watford and Birmingham. Four ‘At Home’ shops, and small outlets at Heathrow and St Pancras, as also being axed. In total, 1,300 jobs are at risk.blamed the move towards online shopping, which has accelerated as people have obeyed the lockdown and worked from home, which had all been struggling before the pandemic. Another 42 stores are being reopened.,...

theguardian.com
Graeme Wearden
Jul 9
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David Attenborough tells Davos: ‘The Garden of Eden is no more’

David Attenborough tells Davos: ‘The Garden of Eden is no more’

Sir has warned that “the Garden of Eden is no more”, as he urged political and business leaders from around the world to make a renewed push to tackle climate change before the damage is irreparable.Speaking at the start of the World Economic Forum (WEF) in Davos, Switzerland, the 92-year-old naturalist and broadcaster warned that human activity has taken the world into a new era, threatening to undermine civilisation.“I am quite literally from another age,” Attenborough told an audience of business leaders, politicians and other delegates. “I was born during the Holocene – the 12,000...

theguardian.com
Graeme Wearden
Jan 21
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