Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still expects to break-even for the year. Losses before tax jumped to £164m in the three months ended 30 June from £148m a year ago as revenue fell by £46m, or 2.3%, to £1.94bn. Passenger revenue dropped 3.4% on capacity down 11.2%....
Friday 30 Jul 2010
US economic growth figures have stoked concerns over the state of the global economy, with gross domestic product (GDP) growing at an annualised rate of 2.4% in the second quarter, less than estimates.
The rate of growth was down from a revised figure of 3.7% in the first quarter and will fuel worries that the world’s number one economy could slip back into recession. The US economy has now grown for four consecutive quarters after a recession coincided with the worst global economic crisis since the 1930s. Read more...
Thursday 29 Jul 2010
AIM new issues are starting to pick up with a number of the companies moving from Plus-quoted. Read more
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