jumped 2.4 per cent to €12.47. Chief executive Michael O’Leary predicted on Thursday fares will have to rise by a small amount next year in order to cover the rising cost of fuel.UK’s main stock index ended a volatile session flat as gains in banking and consumer stocks offset losses in energy shares.
After two sessions of sharp losses, the blue-chip FTSE 100 paused as banks rose 1.8 per cent on bets of a 70 per cent chance that the Bank of England would deliver a 75-basis-point interest rate hike on September 22nd. While data on Wednesday showed that inflation surprisingly fell in August, a Bank of England survey said the British public’s expectations for inflation over the coming year rose to a record high last month.
Homebuilders rebounded 3.7 per cent after losing more than 3 per cent in each of the last two sessions, as the sector braces for a tough market amid rising mortgage rates and a worsening cost-of-living crisis.down 1.1 per cent. The oil and gas behemoth named Wael Sawan, the head of its integrated gas and renewables division, as the new CEO to replace Ben van Beurden, who will step down at year-end.
Amid Western sanctions on Russia over its invasion of Ukraine, China said it would work with Moscow to “instil stability and positive energy in a chaotic world”. Worries of a gas crisis in Europe due to the war have seen the bloc’s leaders scramble to introduce support measures for companies and citizens.rose more than 4 per cent each after a report stated that Madrid is keen to avoid conflicts with the European Central Bank and could modify a bank tax.dipped 4.
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