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FTSE 100 is tipped for healthy gains, Financial spread betting firms have pencilling in a rise of more than fifty points

HEATHROW airport has asked airlines to reduce the number of peak-time passengers at the airport by a third to alleviate “dangerous levels of congestion” at various choke-points across the airport.

The move comes amid unprecedented levels of chaos to Britain’s airports, with dozens of flights cancelled in recent days due to staff shortages and logistical difficulties.

https://www.cityam.com/capacity-restrictions-at-heathrow-to-ease-dangerous-overcrowding-amid-cancellations/

The iron ore price headed for the biggest weekly gain in three months as demand prospects brightened after covid cases eased in China, stockpiles fell and the country vowed to carry out policies to stimulate growth.

https://www.mining.com/iron-ore-price-set-for-biggest-weekly-gain-in-three-months/

A tight jobs market with worker shortages and rising pay is both a constraint on growth and will keep inflation higher for longer, Elon Musk said he would cut 10% of jobs at the electric carmaker over a “super bad feeling” about the economy, Tesla down 8%

A tight jobs market with worker shortages and rising pay is both a constraint on growth and will keep inflation higher for longer, Elon Musk said he would cut 10% of jobs at the electric carmaker over a “super bad feeling” about the economy, Tesla down 8%

American airlines down 7% as US stocks continued their downward spiral at noon on Friday after May jobs growth beat estimates

US stocks continued their downward spiral at noon on Friday after May jobs growth beat estimates

June 3 (Reuters) - Airbus (AIR.PA) delivered approximately 47 aircraft in May, down 6% from the same month last year, according to industry sources and tracking data.

Share_Talk ™ (@Share_Talk) tweeted at 0:55 pm on Thu, Jun 02, 2022:
Bill Brodie Good, Chief Executive Officer & Technical Director of @AlienMetals commented: We are in advanced discussions with "potential offtake partners" https://t.co/AsOo5iSaBW due to the high ratio of fines to lumps, and the low impurities of direct shipping ore #UFO https://t.co/b0MVtMRFgL
(https://twitter.com/Share_Talk/status/1532330167007424512?t=InQOk_8Xw-b-zcEvKiAQXw&s=03)

The UK Government should send in the army to relieve pressure from airports as the travel mayhem rages on, according to Ryanair’s boss Michael O’Leary.

“Bringing in the army, which they do and many other European airports, would, at a stroke, relieve the pressure on airport security and would mean that people have a much better experience – not just this weekend, but for each weekend over the next three, four months,”

The silver price has jumped through $22/oz

JP Morgan boss Jamie Dimon warned of a coming economic “hurricane” today as he called on the US federal Reserve to implement quantitative tightening and hike interest rates.

“I said there were storm clouds, big storm clouds. It’s a hurricane,” he told the conference.

“Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself.”

https://www.cityam.com/jp-morgan-braced-for-economic-hurricane-says-jamie-dimon/

lti
Markets got to be looking at the rate hikes it's no longer "sell in may and go away"

Vox Markets (@**********) tweeted at 4:31 pm on Wed, Jun 01, 2022:
Alien Metals #UFO ‘on track’ to mine Han**** Project in early 2023 @AlienMetals https://t.co/xfYRdOUj6Z #investing #shares #********** via @**********
(https://twitter.com/**********/status/1532021951438389249?t=Ii5ruO-XpsPD2XCQJBWfgQ&s=03)

Morgan Stanley changes its rating and switches from buy to neutral

Airline bosses snapped back at transport secretary Grant Shapps’ allegations that they oversold flights they knew would end up being cancelled.

Shapps had said airlines knew the demand would be this high and had months to prepare for half-term and the Jubilee weekend.

Steve Heapy, Jet2 chief executive, hit back by blaming Shapps for the chaos witnessed at airports in recent days, with hundreds cancelled since the start of the week alone.

Investors in British Airways owner IAG seem impressed with the number of cancellations their company is making, with the Heathrow-based airline withdrawing 124 short-haul flights in and out of its main UK hub today.

Mulberry (@MulberryEngland) tweeted at 0:49 pm on Wed, Jun 01, 2022:
In celebration of our new US flagship store, at 100 Wooster Street, New York, we unveil a striking campaign for our new white #MulberrySoftie style, featuring model, designer, and fashion muse Ella Emhoff.

#MulberryWoosterSt

Shop now: https://t.co/Pbzopn4WRi https://t.co/gKYQPuArrv
(https://twitter.com/MulberryEngland/status/1531966145871241221?t=wKHzjxQzJK-e801RiFduVA&s=03)

https://www.google.com/amp/s/www.dailymail.co.uk/debate/article-10872691/amp/SARAH-VINE-shambles-unfolding-airports-country-shameful.html

June 1 (Reuters) - British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday.

The final estimate of the S&P Global UK Manufacturing Purchasing Managers' Index (PMI) fell to 54.6 in May from 55.8 in April, unchanged from a preliminary "flash" reading.

"Growth in the UK manufacturing sector eased during May, as rates of expansion in output, new orders and employment all decelerated," S&P Global, which produces the PMI, said.

https://www.reuters.com/world/uk/uk-manufacturing-growth-hits-16-month-low-may-pmi-2022-06-01/