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Tag: fall

Ryanair issues profit warning as fares fall

Ryanair issues profit warning as fares fall

Business
Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline's chief executive, Michael O'Leary, said Ryanair could not rule out having to cut fares further. Fares are expected to fall 7% this winter.He said the low fares were already causing problems for rivals, including Flybe which was rescued last week.Full-year profits are now expected to be in a range of €1.0bn to €1.1bn (£880m to £970m), compared with its previous forecast of €1.1bn to €1.2bn.The profit forecast has been cut despite Ryanair saying it expects to carry more passengers than forecast.It had previously warned on profits in October.Mr O'Leary said there was too much capacity on short-haul routes in Europe this winter, adding that ...
Sainsbury's sees retail sales fall 1.1% over Christmas

Sainsbury's sees retail sales fall 1.1% over Christmas

Business
Sainsbury's has seen sales fall over Christmas after non-food trading was hit by consumer caution.Like-for-like retail sales, which exclude sales from new stores, fell by 1.1% across the Christmas period.General merchandise sales, including at Sainsbury's-owned Argos, fell by 2.3% and overall clothing sales by 0.2%.Chief executive Mike Coupe said: "Retail markets are highly competitive and very promotional and the consumer outlook continues to be uncertain."Toy sales hitHe added: "General merchandise sales grew strongly over the key Christmas weeks and outperformed the market over the quarter. "Sales declined in the quarter due to cautious customer spending and our decision to reduce promotional activity across Black Friday. Clothing performed well, with...
US stocks fall as China fears trigger gloom

US stocks fall as China fears trigger gloom

Business
Shares on Wall Street sank deeper on Thursday after Apple said weak sales in China had hurt its business, stoking wider concerns over trade tensions and economic slowdown.A revenue warning from a major airline, as well as some data showing declines in US car sales and manufacturing activity last month added to the gloom.The Nasdaq plunged 3%, the Dow tumbled 2.8% and the S&P 500 fell 2.5%.Apple was the biggest loser on the Dow, plunging almost 10%.The declines added to the losses that have rocked markets in recent months.Investors are trying to gauge the effects on companies of rising interest rates, trade tensions and signs of economic slowdown - especially in China, the world's second largest economy."The story here is that the trade war, coupled wi...
FTSE 100 suffers biggest one-year fall since 2008

FTSE 100 suffers biggest one-year fall since 2008

Business
The FTSE 100 has suffered its biggest one-year fall since the financial crisis in 2008. London's leading stock index was 12.5% lower at the end of 2018 compared with the start of the year, wiping more than £240bn off the combined value of its constituent companies.Wall Street also limped across the finish line of what has been its worst year in a decade, with markets battered by anxieties about a US-China trade war and global economic slowdown, as well as Brexit worries.The FTSE 100 ended a shortened day of trading on New Year's Eve at 6728. Little changed on the day, meaning it closed 960 points lower than its level at the start of the year.It is nearly 1200 points lower than the FTSE's record high achieved in May this year. Trading across global markets has been ...
Older adults fall less if they exercise, study says

Older adults fall less if they exercise, study says

Health
Dec. 28 (UPI) -- Exercise may be able to save older adults from taking costly spills, new research says. A study, published Friday in JAMA Internal Medicine, found that in 40 randomized trials exercise significantly decreased the risk of falling or suffering an injury while falling in 21, 868 participants. "Exercise training is an intervention of utmost importance for older adults' health leading to benefits on multiple systems and functions, including muscle and bone health, the cardiometabolic system, as well as physical and potentially cognitive functions," the study read. While exercise didn't decrease the risk of falling multiple times, as well as hospitalization and mortality if they did fall, it's still an important activity for older adults. The Council on Aging says that o...