The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Shorts appear to be reducing at the moment.
Https://www.shorttracker.co.uk/company/ES0177542018/
Sky News
British Airways to cut a further 10,300 flights until end of October
Https://news.sky.com/story/british-airways-to-cut-a-further-10-300-flights-until-end-of-october-12647016
The FT
https://www.ft.com/content/79fd34b2-b7ac-48c8-a301-602e6c131189
'Scandinavian airline SAS SAS.ST has filed for bankruptcy protection in the United States'
Bloomberg
Oil Plummets Below $100 as Recession Risks Come to Forefront
Https://www.bloomberg.com/news/articles/2022-07-04/oil-holds-above-110-as-tight-supply-balanced-by-recession-risk?srnd=premium-uk
Bloomberg
Oil Plummets Below $100 as Recession Risks Come to Forefront
Https://www.bloomberg.com/news/articles/2022-07-04/oil-holds-above-110-as-tight-supply-balanced-by-recession-risk?srnd=premium-uk
Sunak and Javid resign from the Cabinet
Https://www.bbc.co.uk/news/live/uk-politics-62048657
Sunak and Javid resign from the Cabinet
Https://www.bbc.co.uk/news/live/uk-politics-62048657
BA took away 10% of employees pensionable pay , using covid as an excuse and pleading poverty
They have now offered some of it back as a one off bonus, not as pay being returned to salary.
Employees have a right to be aggrieved , when BA consistently treat their staff abysmally.
It always takes two sides to strike and In situations like this , management are as culpable , if not more so, than employees. Strikes always cause difficulties for customers BUT employees have no other recourse as UK GOV keeps taking away their rights and weakening their ability to fight back against greedy employers.
Luis Gallego used the argument that his pay should be in line with other managers in BA. i.e. 150% uplift.
Now his own employees use the same argument and BA don't like it !
They should agree to reinstate the 10% pay that was taken from them and stop using their customers to cause division.
The problem with the 'do nothing ' approach , which is what Putin wants everyone to do, is that he just bombs the hell out of Ukraine and and ends up with full control of the Grain exports .
17% of Ukraine's GDP is Grain.
I see NO positive outcome for the we a st, from sitting on the sidelines and allowing Putin to do as he wishes. With the threat of Tactical Nuclear weapon being released if the West does anything which Putin doesn't like.
Next it will be China threatening the west with a Nuclear strike ..........
What is the world to do ?????
Nothing ?
They should just go in and get it. Otherwise Putin will be holding the west to ransom not only for Gas and Oil but also for Agriculture from Ukraine.
The west was far too complacent with Crimea and , it seems has learnt nothing from it.
They are sitting on the sidelines while Putin does his best to ransack, rape and Pillage Ukraine , to Ultimately hold the west to ransom.
They need to grow some b...s and send in the Armed forces to create a food corridor from Ukraine, or they and we will regret it for a very very long time.