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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 ...
Danny Dyer 'overjoyed' about Jack and Dani split after WARNING her to stay away

Danny Dyer 'overjoyed' about Jack and Dani split after WARNING her to stay away

Entertainment
OVERJOYED: Danny was reportedly overjoyed about the split (Pic: GETTY / ITV) Danny Dyer’s relationship with his daughter’s new beau Jack Fincham appeared to be better than ever after the lovebirds left Love Island.Despite a number of pictures and red carpet appearances, it appears their close friendship wasn’t always as it seems.Although the EastEnders star and Jack didn’t come to blows, Danny’s disapproval of Jack was more subtle.With the nation expecting Danny to be hard on Jack when they left the villa, fans were shocked to find the pair were getting on as friends. Related Articles “They thought she’d be stronger alone”SourceHowever, the Dyer family’s work background is very different to Jack’s, and reports suggest that D...
Climate change: 'World at crossroads' warning as key talks begin

Climate change: 'World at crossroads' warning as key talks begin

Science
Media playback is unsupported on your device Four senior figures behind efforts to limit climate change have warned that the planet "is at a crossroads" as key talks opened a day early in Poland. In a rare move, four former presidents of the United Nations-sponsored talks called for decisive action.The meeting in Katowice is the most critical on climate change since the 2015 Paris agreement. Experts say that drastic cuts in emissions will be needed if the world is to reach targets agreed in Paris. Negotiators at the COP24 conference convened a day early because they are under pressure to make progress. What's so different about this meeting?This Conference of the Parties (COP) is the first to be held since the landmark Intergovernmental Panel...
Australia defies climate warning to back coal

Australia defies climate warning to back coal

Science
The Australian government has backed coal-fired power, despite the recommendations of a major report on climate change.Phasing out coal is considered crucial to limiting global warming to within 1.5C, as set out in the UN report released yesterday.Australia's deputy prime minister has said the country should "absolutely" continue to use and exploit its coal.But China remains the world's biggest coal consumer.In addition, China has restarted work at hundreds of coal-fired power stations, according to an analysis of satellite imagery.The Guardian reports that Michael McCormack, Australia's Deputy PM, said his government would not change policy "just because somebody might suggest that some sort of report is the way we need to follo...
Thomas Cook issues 'hot weather' profit warning

Thomas Cook issues 'hot weather' profit warning

Business
Thomas Cook has downgraded annual profit forecasts, saying hot weather hurt demand for bookings across its crucial summer season. The holiday firm said "tough" trading in June and July had continued, with the "unprecedented" period of higher-than-average temperatures across Europe meaning it had, like rivals, been forced to discount late bookings heavily.As a result, the FTSE 250 firm warned that underlying operating profits for the year to September were now expected to come in at £280m.Its previous guidance was for £323m. Shares fell almost 24% on opening while rival TUI was the biggest faller on the FTSE 100, down 3%.Peter Fankhauser, Thomas Cook's chief executive, said: "Summer 2018 has seen a return to popularity of destinations such as Turkey and Tunisia. ...