Member Info for livestock

Heathrow welcomed 9.7 million passengers in Q1 2022 which was in line with our forecasts. January and February were much weaker than expected due to Omicron-related travel restrictions, while March demand increased after the unexpectedly quick removal of all UK travel restrictions halfway through the month.

However, while passenger numbers are looking more positive, we will not return to profit in 2022. Although Q1 2022 revenue climbed to £516m and adjusted EBITDA turned positive to reach £273 million, we made a loss of £155m loss (after tax). This is due to additional costs such as interest, tax, depreciation and amortisation. Out total pandemic losses have now topped £4.0 billion.

Over Easter this year, we saw a surge of last-minute bookings following the lifting of UK travel restrictions. Thank you to all colleagues for your hard work over this period. We put in place a plan and successfully delivered it, helping millions of people get away on their journeys. This resulted in many passengers commenting about how smooth their journeys through Heathrow were over this period, with over 95% of passengers through security within 5 minutes.

The FTSE 100 is expected to bounce back strongly on Tuesday from yesterday’s one-month low, London’s gauge of blue-chip shares is seeing opening 75 points higher

April 26 (Reuters) - UBS's (UBSG.S) first-quarter net profit rose 17% on Tuesday to its best since 2007 on the back of strong trading, upending expectations for a fall amidst uncertainties over the war in Ukraine.

Net profit for the March quarter of $2.136 billion outpaced average expectations for $1.79 billion in a poll of 21 analysts compiled by the Swiss bank.

London’s office market looks fitter and healthier than ever before, according to the two of the UK’s largest property firms, despite the lures of working from home.
Take up of office leases in central London shot up 89 per cent year-on-year in the first quarter, CBRE data shared exclusively with City A.M. revealed.

https://www.cityam.com/race-for-space-central-london-office-demand-back-on-track/

HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its outlook.

The London-based bank announced pre-tax profits of $4.2 billion for January-March, down 28 percent on-year but beating estimates, while reporting revenue declined four percent to $12.5 billion.

"While profits were down on last year's first quarter due to market impacts on wealth revenue and a more normalised level of ECL (expected credit losses), higher lending across all businesses and regions, and good business growth in personal banking, insurance and trade finance bode well for future quarters," chief executive Noel Quinn said in a statement.

https://uk.sports.yahoo.com/news/hsbc-first-quarter-pre-tax-050806154.html

British Airways has set a short-haul base in Madrid to beat the staff shortages that have forced the carrier to axe 1,400 flights. The airline will open a cabin crew base in the Spanish capital and hire staff locally as to avoid putting passengers through cancelled flights and overall mayhem

Back in the red markets now what to expect from the results and it’s still in the ground didn’t expect anything more

Good set of drill results all we need now is Bill to get a JV to get the share price moving

Morning falky

Houses out my way Chilterns are still selling before the notice board goes up only the property no one wants stays on the market
GL

The average price of a home has hit its third record high in just three months, as spiralling costs dampen the hopes of Londoners looking to climb the ladder.
Prices have jumped 1.6 per cent since March – the equivalent of £5,537 – to £360,101 on average across the UK, according to Rightmove today.

https://www.cityam.com/uk-house-prices-hit-hat-trick-new-high-climbing-more-than-5-5k-since-march/

Hope todays spike holds

City forecasts for British Airways owner IAG have been cut 'significantly' after a string of cancellations and spiralling fuel prices.

Brokers at Peel Hunt halved their annual forecasts for the FTSE100 group – which also owns Aer Lingus and Iberia – from €997million (£839 million) to €495 million £416million).

Analyst Alex Paterson warned that passengers might 'book elsewhere', turning to rival airlines, after IT failures and mass cancellations led to travel misery for thousands of Britons over the Easter break.

https://www.thisismoney.co.uk/money/markets/article-10746085/amp/City-forecasts-British-Airways-owner-IAG-cut-significantly.html

IAG is only just starting to fly again with lots of cancellations due to lack of staff American Airlines haven’t stopped flying domestic flights apart from the plane’s look similar and run on the same fuel you can’t compare the two, IAGs business model is completely different

Television production company Zinc Media has said its largest division, based in London and Manchester, made a profit for the first time since 2017.
In results for the year to 31 December 2021, the company posted revenue of £17.5m, compared to a £30.6m sum for an 18 month period ended 31 December 2020.
Mark Browning, CEO of Zinc Media Group, said: “We are very encouraged by the group’s performance this year which positions it well for sustained growth and profitability in the years ahead.

https://www.cityam.com/zinc-media-london-television-division-returns-to-profit-for-first-time-since-2017/

Some analysts to predict the Bank of England may raise interest rates less aggressively despite ongoing inflation.
The prospect of a slower rate rise, as well as the weakness in the economy, weighed on banking stocks

https://www.thisismoney.co.uk/money/share-investing/article-10744317/Barclays-tough-weeks-coming-up.html

Britain’s big banks report first-quarter numbers next week and the mood is likely to be a lot less celebratory than the last set of bumper numbers with big profit falls forecast all around.

https://www.proactiveinvestors.co.uk/companies/news/980353/lloyds-banking-natwest-and-barclays-all-set-for-big-profits-drops-980353.html

Barclays cuts International Consolidated Airlines price target to 205 (210) pence - 'overweight'

seany123

What was the share price when Lloyd’s started this years buyback this is the same as every other one dose nothing, investors would of been better of with a special payment money in the pocket and spend or reinvest as I choose

UK companies should protect themselves against cyberattacks and be wary of hackers exploiting software used to work from home, one the world’s major intelligence alliances has warned.

https://www.cityam.com/major-firms-should-be-ready-for-wave-of-russian-cyberattacks-global-spy-alliance-says/