On Monday, British stocks edged lower following a broader decline across European markets, while the pound extended its gains against a weakening dollar.
By 1210 GMT, the FTSE 100 index was down 0.1%, whereas the British pound strengthened 0.5% against the dollar, pushing above the 1.34 mark.
In continental Europe, Germany’s DAX slipped 0.1% and France’s CAC 40 dropped 0.4%.
Ryanair shares soar after Q1 profits double
Shares of Ryanair (LSE:0RYA) jumped 5% after the airline announced first-quarter earnings of €820 million, beating analyst forecasts by over €100 million.
This profit represents a 128% increase from €360 million recorded in the same quarter last year, fueled by higher ticket prices and stringent cost controls.
Average fares rose 21%, and passenger numbers climbed 4% to 57.9 million during the quarter. Total revenue increased 20% to €4.34 billion, with scheduled revenues up 26% to €2.94 billion and ancillary revenues growing 7% to €1.39 billion.
Mony Group reports H1 adjusted EPS growth, maintains outlook
Mony Group plc (LSE:MONY) posted a 4% rise in adjusted basic earnings per share to 9.3p for the first half ending June 30, up from 8.9p a year earlier.
The company increased its interim dividend by 1% to 3.3p per share and upheld its full-year adjusted EBITDA guidance within the range of £137 million to £150 million.
Revenue for the group grew 1% to £225.3 million during H1, while adjusted EBITDA rose 2% to £75.1 million. Profit after tax increased to £45.6 million from £44.1 million, and basic earnings per share climbed to 8.6p from 8.3p.
Hamptons lowers UK rental growth forecast for 2025 amid cooling demand
Hamptons reduced its forecast for rental growth in the UK to 1% in 2025, down from the previous 4.5%, citing weaker-than-expected rental demand.
The slowdown is linked to falling mortgage rates, which have enabled many renters—especially wealthier ones—to transition into home ownership.
According to Hamptons’ data, rents on newly-let properties across Britain rose by just 0.4% year-over-year in June, the slowest growth rate since August 2020.
UK online market for used goods poised to reach £4.8 billion
New research from the Centre for Economics and Business Research, commissioned by Amazon (NASDAQ:AMZN), shows that last year two-thirds of UK consumers purchased second-hand items online.
The study forecasts that sales in this sector will rise to £4.8 billion in 2025, up from £4.3 billion in 2024.
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