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“One of the things that has emerged out of Covid is the annual holiday, or the second holiday, or the week in the sun, is no longer being considered by many to be a luxury that we can drop,”

Ryanair has announced record bookings driven by UK consumers planning foreign trips for Easter and summer.

Chief executive Michael O’Leary said the airline received 2.03 million flight bookings last weekend.

This beat the carrier’s previous record weekend of 1.6 million in early 2019 when seats were heavily discounted

https://www.standard.co.uk/business/business-news/ryanair-secures-record-bookings-as-consumers-plan-easter-and-summer-trips-b1053648.html

The big banks were once again in focus, with Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) delivering their latest quarterly results before the bell.

The Goldman Sachs (NYSE:GS) Group Inc shares fell about 2.3% at the open after the financial services giant posted a bigger-than-expected profit decline of 69%, while Morgan Stanley (NYSE:MS) added about 4.7% after posting a decline in profit that came in below expectations on higher net interest income and a strong quarter for its wealth management business.

Popular dividend payers

Some companies were lauded for paying high and regular dividends. This made them very popular with both small investors and large funds alike. Lloyds Banking Group was a perfect example. At the turn of the century Lloyds would regularly pay out dividends of over 30 pence per share each year, making it a favourite amongst the boring old value stocks. But that came so a sudden halt as the financial crisis hit in 2008. It took the bank seven years before it was profitable enough to restart dividend payments which recently amounted to just 1.24 pence per share, a long way short of its glory years.

https://tradenation.com/blog/market-update-the-growing-popularity-of-share-buybacks?utm_source=dianomi&utm_medium=native&utm_campaign=buybacks&ref=dianomi&utm_click_id=CE14E3F2-9648-11ED-B83A-D2E30FD2A4B9

Airlines are heading for some decent upgrades after strong traffic numbers in the last three months of 2022, according to JP Morgan.

Shares in the sector have already risen 48% in the past three months on the basis of a resurgence in air travel, but JPM still sees potential for more to come due to structural issues such as a lack of planes.

Across the sector, the US bank has raised its earnings forecasts by 12%/5%.

“Despite carriers aiming to grow capacity materially year-on-year, the unavailability of aircraft and continuing pent-up demand could offer a more supportive pricing environment than most would have expected a few months ago.”

On specific airlines, British Airways owner IAG is a hold, though on 'positive catalyst watch', Ryanair and Wizz are rated ‘overweight’, with easyJet still the ugly duckling at ‘underweight’.

Shares in IAG rose by 0.9% to 158.7p, Wizz by 0.4% to 2,862p and easyJet by 2.5% to 442p.

2023 Annual General Meeting will be held at the Company's registered office at 115b Innovation Drive, Milton, Abingdon, OX14 4RZ on 22 February 2023 at 10.00 a.m.

House prices are back on an upward march, sending the cost of the average home in London to over £667,000, a new survey out today shows.

Search site Rightmove said today house prices in the capital jumped 0.2 per cent over the last month and 6.1 per cent annually.

https://www.cityam.com/house-prices-back-on-upward-march-to-race-past-667000-in-london/

Luxury lifestyle brand Mulberry has opened its first standalone store in Dublin, expanding the brand's presence in Ireland.

Located on Duke Street, the new destination features interiors and furnishings inspired by the natural textures of the countryside

The UK’s fintech sector will see a wave of acquisitions this year as cashed-up banks and investment firms will swoop in to buy struggling firms on the cheap, a top venture capital chief has predicted.

Tim Levene, chief of London-listed venture vehicle Augmentum Fintech, said that banks had failed to properly digitally transform over the past decade and would now be looking to shortcut innovation with a flurry of fintech dealmaking.

“I look at the balance sheets of the banks and the insurers and the asset managers and they’re sitting on a lot of a lot of cash, a huge amount of cash,” he told City A.M. in an interview.

https://www.cityam.com/cashed-up-banks-ready-to-buy-uk-fintech-firms-on-the-cheap-in-2023-says-vc-chief/

Executives are set to ditch Zoom calls this year and once again start catching flights to conduct business in person around the world, industry experts have suggested.

Long-haul business travel is predicted to bounce back this year, according to analysts from aviation data and analytics firm IBA.

IBA’s managing director Geoff van Klaveren said he “did not believe that the trend towards Zoom would last” and that people would begin to get back on planes to meet overseas clients.

“The outlook in our view looks strong,” he said.

According to IBA’s global travel forecasts, released late last week, capacity in 2023 will recover in most markets, especially between Europe and the Middle East as well as Europe and North America.

The transatlantic market will increase 17 per cent year-on-year, the group predicted, while travels to and from the Middle East, and the Gulf in particular, are set to go up 25 per cent.

Nevertheless, all travel to most regions – apart from between North and South America – is still set to remain below 2019 levels.

https://www.cityam.com/business-travel-to-bounce-back-in-2023-after-covid-hiatus-analysts-predict/

Ahead of IAG full-year results, due on 24 February, the anal UBS analysts are forecasting earnings per share of €0.06 for 2022, while the estimate for 2023 has been hiked 25% to €0.22, both of which are above the wider analyst consensus

https://www.proactiveinvestors.co.uk/companies/news/1003227/british-airways-owner-iag-downgraded-despite-material-upgrades-after-fuel-price-falls-1003227.html

Wells Fargo earnings halved, falling to 67 cents per share while revenue fell 5.7% to $19.66 billion

Bank of America’s net income increased slightly to $7.1bn from $7.0bn in the same period last year

Miners have bounced back with a bang at the start of 2023 and how much of it is sustainable will be clearer after updates from Rio Tinto and BHP next week

https://www.proactiveinvestors.co.uk/companies/news/1003245/can-rio-tinto-and-bhp-s-updates-maintain-2023-s-upward-charge-1003245.html

Citigroupe revs $18b down 58%

GavinShipman13
"passenger levels are still 71 per cent of pre-pandemic numbers"

As passenger numbers come back with Easter and this year's summer holidays IAG looks very cheap with lots of upward growth to be made

ALIEN METALS (@AlienMetals) tweeted at 0:47 pm on Fri, Jan 13, 2023:
Demand for #ironore still on a high ? #UFO #Aim

https://t.co/Dce3RHNwTw
(https://twitter.com/AlienMetals/status/1613880375322763265?t=TL0S42aNBlhp3P8kIKpaaA&s=03)

London City Airport has delivered its year-end goal of 3 million travellers after banking on the disruption that plagued its rivals over the past summer

https://www.cityam.com/capital-flight-3m-flew-from-london-city-airport-in-2022-in-bid-to-avoid-travel-chaos-at-heathrow-gatwick-luton-and-stansted/

Epro
"Ukraine now" is called Ukraine what evidence is there it has effected the UK economy it's been going on for 7 years

The Ukraine is still ongoing for 7 years funny how it's not affecting the share price now