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Qatar airways have had to pump billions into Heathrow to keep it operating through out the pandemic with no dividends I would be surprised if they invested more with third runway pushed back years

The government ‘windfall tax’ could amount to a £10bn backdoor raid on the sector, according to a report from Bloomberg last month.

It was calculated this could amount to a £1.6bn charge for Lloyds, JP Morgan has calculated, based on the assumption that the policy would target the liquidity coverage banks have to maintain in order to fund cash outflows in a time of crisis.

Such a move would cut the gross net interest income benefit for a bank like Lloyds from around £4.5bn to roughly £2.9bn at a base rate of 3% over the medium term, the JPM analysts said.

https://www.proactiveinvestors.co.uk/companies/news/995016/lloyds-natwest-barclays-other-banks-slide-as-santander-warns-of-increased-provisions-995016.html

Tailwinds are behind IAG at the moment with just over 2 weeks for results and removal of passenger cap, Heathrow reports today that passenger numbers are 15% below September 2019 that's with the cap in place, recovery in the aviation industry is booming

another U-turn

https://www.tiktok.com/@thetenthyard/video/7153176064515230981?_t=8WQ283CyeOM&_r=1

Marston’s PLC's (AIM:MARS) results show the energy price cap should be good news for the hospitality sector, but it isn’t out of the woods just yet and more drastic measures might be needed to support the balance sheets.

The pub operator remained comfortable in its energy guidance, with the price cap providing a degree of certainty, for at least the next six months.

With the World Cup coinciding with the first unrestricted winter period for two years, there is reason to be optimistic for the sector, said commentators, despite the obvious macro-challenges.

While the price cap goes some way in assisting the balance sheets, Marston’s competitors, such as JD Wetherspoon and Brewdog, have taken matters into their own hands, closing locations that are neither profitable nor fit into the group’s strategy, a move others may follow

https://www.proactiveinvestors.co.uk/companies/news/995021/are-marston-s-results-a-ray-of-light-for-pubs-995021.html?rel=scroll

A historic hit to Brits’ living standards from roaring inflation and rising interest rates has thrown the UK economy on course to stagnation, the world’s lender of last resort warned today.

The UK economy will grow a better than expected 3.6 per cent this year, according to the International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) out today.

https://www.cityam.com/uk-headed-for-stagnation-on-historic-inflation-surge-imf-warns/

EmeraldCarrots

I had a top up this morning brought my average down to 143 very happy with the outlook for IAG

Share price up 2.24% today this should keep climbing up towards results end of month

Oct 11 (Reuters) - British house prices could fall by 10%, an executive at Lloyds Banking Group (LLOY.L) told an industry event on Tuesday, as the economy adjusts to higher costs of debt and living expenses.

Roselyne Renel, group chief credit officer at Lloyds - Britain's biggest mortgage lender - said the bank expected prices to correct by around 10% but did not see a collapse.

"I think we look at maybe a 10% correction," Renel told a Moody's banking conference in London.

The Office for National Statistics (ONS) said this morning the unemployment rate fell to 3.5 per cent over the three months to August

Heathrow has said it regained its status as Europe’s busiest hub airport over the summer.

Some 5.8m passengers travelled through Heathrow in September.

A year ago, Heathrow warned it had gone from being Europe’s busiest airport in 2019 to number 10 on the list, behind rivals in cities such as Amsterdam, Paris and Frankfurt.

https://www.cityam.com/heathrow-back-at-number-1-as-airport-regains-status-as-europes-busiest-hub/

The Office for National Statistics (ONS) said this morning the unemployment rate fell to 3.5 per cent over the three months to August – the lowest since February 1974.

It means the UK’s unemployment rate dropped to its lowest for almost half a decade as more Britons left the labour market completely.

FTSE 100 expected to open lower today following a subdued showing in the US yesterday and ahead of some key US data later this with the FOMC minutes due for release tomorrow and CPI figures on Thursday.

Spread betting companies are calling the lead index down by around 33 points

FTSE 100 is expected to make a weak start to the week following heavy losses on Wall Street on Friday and in Asia overnight.

Spread betting companies are calling the lead index down by around 50 points.

City sources say the Government may target an estimated £10billion of interest payments due to be paid on hundreds of billions of pounds in deposits which commercial lenders have placed with the Bank of England

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-11294319/amp/Government-target-10bn-deposits-held-Bank.html

U.S. job growth slowed for the second month in September as employers added a still-solid 263,000 positions

September jobs report

U.S. job growth slowed for the second month in September as employers added a still-solid 263,000 positions

Dave Ramsden hinted further rate hikes were the only way

https://uk.finance.yahoo.com/news/interest-rate-uk-inflation-bank-of-england-110747150.html

Money mules are getting older

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/money-mules-are-getting-older.html

Fitch Ratings - London - 06 Oct 2022: Fitch Ratings has affirmed British Airways Plc's (BA) Long-Term Issuer Default Rating (IDR) at 'BB'. The Outlook is Negative.

BA's recovery has lagged many of its competitors' due to stricter travel restrictions in the UK and its high exposureon international traffic and corporate demand, both of which are set to recover slower than leisure travel and domestic routes. Delay to recovery, however, has not changed our view on the company's business risk as BA remains competitive in the broader aviation market through the cycle. Its weaker financial profile is the key driver of its current rating and Outlook.

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-british-airways-idr-at-bb-negative-06-10-2022#:~:text=Fitch%20Ratings%20%2D%20London%20%2D%2006%20Oct,The%20Outlook%20is%20Negative.