The owner of British Airways has said it does not expect its services across main markets to be affected by the threat of jet fuel shortages "throughout the summer", as supplies are squeezed by the effects of the US-Iran war.
EasyJet's board is criticized for accepting a £5.5bn takeover bid from Castlelake at 690p per share, seen as a sign of timidity. Despite recent challenges, the airline has a clear path to increased profitability and strong assets, suggesting a higher valuation is achievable.
John Lewis is consulting on closing its in-store foreign exchange and gift wrapping services, potentially impacting 200 jobs. The company cites changing customer needs and online convenience, while staff express concern over increased workload and loss of customer service.
Marks & Spencer is investing in refrigeration equipment capable of handling temperatures up to 45C due to the climate crisis. CEO Stuart Machin cited recent extreme heat challenges and the need to adapt to a hotter UK, alongside investments in security and fashion ranges.
The Bank of England plans to loosen capital requirements for UK lenders, potentially benefiting major banks like NatWest and Lloyds. This move, aimed at boosting lending and competitiveness, faces internal concerns about amplifying risks from debt-fueled stock investments, particularly in AI, and increased cyber threats from AI advancements.
The Bank of England plans to loosen capital requirements for UK lenders, potentially benefiting major banks like NatWest and Lloyds. However, policymakers expressed concerns about AI development and debt-fueled stock investments amplifying financial stability risks.
The Bank of England forecasts that over 5 million homeowners will see increased mortgage bills by end-2028, a rise of 1 million from previous estimates, due to the impact of the Iran war. While the hit won't be as severe as recent years, typical monthly bills could increase by £45.
