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S&P Global UK Business Outlook Report

UK business confidence falls sharply, but remains highest in Europe, latest Accenture / S&P Global UK Business Outlook survey finds

UK business confidence fell to a joint record low in June, but remains the most confident in Europe, and above the global trend, according to the latest Accenture / S&P Global UK Business Outlook.
Whilst the findings come amid global economic uncertainty, a net balance of 28% more private sector firms forecast their activity to increase over the coming year. This is half the level recorded in February (+56%), and the joint-lowest since the survey began in October 2009. Both the EU and global averages are below the UK at +16% and +22% respectively.
UK businesses also expect rapidly rising inflation, fuelled by increased energy costs, to drive down margins, as profit forecasts turned negative for the first time in the survey's history, at -2%.
The data reveals that companies are concerned that they will be unable to pass on higher costs to customers, with +59% of firms predicting an increase in their output charges - the second-highest on record, following a survey record of +62% in February.

https://www.pmi.spglobal.com/Public/Home/PressRelease/65f0623cdece45768cfae3612e923df1

FTSE 100 looks set to open in positive territory though market sentiment remains finely balanced
The index of UK blue chips will open 27 points higher at 7,186.01, according to the spread betting firms

lakeuk

Can you post a link thanks

July 17 (Reuters) - The British government launched an "Aviation Passenger Charter" on Sunday to help passengers know their rights if they are faced with problems at airports after the widespread disruption seen this year.

Nomissavid

Manchester airport is a small airport has half the passenger numbers of Heathrow in 2019 they had a record number 29 million compared to LHR 80.9 million passengers , they won't be having the staffing problems being smaller airport

British Airways' owner International Airlines Group is creeping up the leaderboard for London-listed companies with short positions placed against them.

According to Shortracker.com, 4.8 per cent of IAG shares are on loan, making it the eighth most shorted stock.

Amid IAG's summer woes, do the hedge funds scent further bad news for the shares?

IAG had to raise €2.75billion via a rights issue in July 2020 and some wags claim it may soon have to tap shareholders for fresh funds.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/investing/article-11020693/amp/STOCKS-WATCH-653m-wolves-Aston-Martins-door.html

The former chief executive of British Airways owner IAG has slammed the boss of Heathrow airport for his failure to cope with a surge in demand this summer, describing the situation as 'farcical'.

Willie Walsh told The Mail on Sunday he has no sympathy for airport chief John Holland-Kaye as holidaymakers prepare to jet off for their summer breaks.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-11020151/amp/Heathrow-boss-John-Holland-Kaye-blasted-holiday-flights-farce.html

40% rise over a matter of months what a prediction did you get that from the chart

Still to much market uncertainty about to start calling 40% rise

Morgan Stanley EPS of $1.44 misses by $0.11, revenue of $13.1B misses by $400M

July 14 (Reuters) - The Bank of England may oblige all banks to tap their capital buffer and stop paying dividends in a crisis to avoid a vacuum in lending to households and businesses, one of its senior officials said on Thursday.

https://www.reuters.com/markets/europe/boe-may-force-banks-use-buffers-crisis-official-says-2022-07-14/

JPMorgan Chase EPS of $2.76 misses by $0.13, revenue of $30.7B misses by $1.12B, suspends buyback

Lloyds Banking Group, as the largest bank to the UK housing sector, today announces the launch of its new Sustainability Finance Framework, which outlines our support to help housebuilders access finance to build more homes with higher sustainability standards.

https://docs.publicnow.com/viewDoc?hash_primary=ADAEEBB65CBA1A3EED40D457B2946300197DA08F

Delta Air Lines Report posted softer-than-expected second quarter earnings Wednesday as fuel, staff overtime and customer re-booking costs ate into the carrier's bottom line.

Delta said adjusted earnings for the three months ending in June were pegged at $1.44 per share, up from a loss of $1.07 per share over the same period last year but well shy of the Street consensus of $1.66 per share. Group revenues, Delta said, nearly doubled from last year to $13.84 billion, firmly ahead of analysts' estimates of a $13.24 billion tally.

https://www.thestreet.com/.amp/markets/delta-airlines-posts-q2-earnings-miss-as-fuel-staff-costs-bite

US inflation has grown more strongly than expected, putting more pressure on the US Federal Reserve to hike interest rates aggressively.

The consumer price index increased 9.1% year on year in June, the biggest increase since November 1981.

Analysts had been expecting a rise form the May figure of 8.6%, but only to 8.8%.

The core index slipped from 6% to 5.9%, but this was higher than the forecast 5.8%.

They sitting on a massive war chest for times like this sacking half the staff was more to do with higher paid staff contacts, Qatar are still happy taking billions in dividend changes should of been made else where

Theosus
Britain risks talking itself into a recession with to much doom mongering could become self fulfilling

Problem caused by greedy management not seeing the speed of the recovery after the pandemic and putting profit's first, looking like it's time for new CEO

Euro bounces from brink of parity with US dollar

The euro rebounded on Tuesday after sliding to a 20-year low and nearing parity against the U.S. dollar as investors worried that an energy crisis in the region would bring on a recession.

The single currency reached $1.00005 against the greenback, the lowest since December 2002, after data showed German investor sentiment in July plunged below levels at the outset of the coronavirus pandemic due to energy concerns, supply bottlenecks and rate hikes from the European Central Bank

UK economy grows 0.5 per cent in May

The UK economy has seen gross domestic product (GDP) grow by a little in May, following a slight decline in April.

GDP was up 0.5 per cent in May, according to the Office for National Statistics’ data published on Wednesday.

Services output swelled 0.4 per cent in May due to a large increase in people booking appointments with their GPs seeing human health and social work activities grow by 2.1 per cent.

The increase in appointments offset the continued scaling down of the NHS Test and Trace and Covid vaccination programmes.

Output in consumer-facing services fell by 0.1 per cent, driven by a 0.5 per cent drop in retail trade