Southwest Airlines sees deeper Boeing impact, huge mining merger rejected with copper’s rise in the spotlight, and other news to start your day.
The brown envelopes will be sent out throughout this month
Universal Credit claimants have been issued advice on the change
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EasyJet, Ryanair and WizzAir have criticised attempts by the airline industry’s main lobby group to protect long-haul carriers from an EU crackdown on contrails.
People who receive Universal Credit and other payments such as PIP need to be aware
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Major shareholders hike stakes in energy giant further after Octopus was recently named UK’s largest electricity supplier
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The British pound edged lower against the U.S. dollar on Tuesday before the Bank of England's policy announcement on Thursday as markets moved to fully price in two quarter-point rate cuts this year. A survey of economists polled by Reuters expects the BoE to keep interest rates unchanged when it announces its decision this week, but analysts expect the central bank to leave the door open to lower interest rates as early as June. Traders price in 53 basis points of easing this year, implying at least two quarter-point cuts, having previously fully priced only one after inflation data last month showed prices slowed by less than expected in March.
Mortgage holders, house hunters and City traders on watch for pointer to a June rate cut
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Economists expect the rate to remain at 5.25 per cent
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UK investors have been piling into Aviva shares recently. However, Edward Sheldon's wondering if he could get bigger returns elsewhere. The post Are Aviva shares one of the UK’s best investments today? appeared first on The Motley Fool UK.
STORY: Australian airline Qantas Airways said on Monday it had agreed to pay a penalty worth $79 million U.S. dollars to settle a lawsuit. The claim accused the airline giant of illegally selling thousands of tickets for flights that had already been cancelled. The fine is the largest ever faced by an Australian airline.As part of the settlement with Australia's consumer commission, the company will split $13 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a $66 million fine instead of defending the lawsuit that it had previously vowed to fight.The penalty is subject to the approval of the Federal Court of Australia.CEO Vanessa Hudson said in a statement that, QUOTE, "we recognize Qantas let down customers and fell short of our own standards," CEO Vanessa Hudson said in a statement."Qantas was sued last August by the consumer commission, which alleged that in some cases the airlines flights were on sale for weeks after they’d been cancelled. The company had argued that it faced similar challenges to airlines around the world, but the commission said its actions broke consumer law. Qantas is also still waiting to learn how much it must pay nearly 1,700 ground handling staff it sacked in 2020 after a court found the job cuts were illegal since they were intended to stop industrial action.
Oil company to maintain pace of share buybacks despite impact of falling gas prices
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