UK flight disruption expected to clear; Primark to start offering home delivery in UK – business live
Flight schedules expected to return to normal after chaos of last two days In other retail news, losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money. The John Lewis Partnership, which operates 36 department stores and more than 300 Waitrose supermarkets,…
UK flight disruptions are anticipated to subside today, as over 2,000 flights have been cancelled over two days due to an air traffic control system issue. British Airways, Ryanair, and other carriers have been impacted, with British Airways alone seeing 88 flights affected. National Air Traffic Services chief Martin Rolfe is under pressure to resign, with the government giving him a week to report on the incident.
Meanwhile, Primark plans to begin offering home delivery services in the UK through its parent company, Associated British Foods, with the spin-off expected in December 2027. Crude oil prices are on a downward trend, with Brent crude trading at $100.42 per barrel, down 0.8% from previous levels. Despite the dip, the strait of Hormuz has seen a dwindling ship traffic, raising concerns over potential oil supply disruptions.
Asian stock markets are also experiencing a downturn, with Hong Kong's Hang Seng down 1.4%, Japan's Nikkei flat, and China's CSI 300 index losing 0.4%. The European Central Bank is expected to raise interest rates by 0.25% to curb inflation.
Written by urgent.news from Guardian Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Primark takes further step into online shopping with home deliveries bbc.co.uk
- Primark to Start Home Delivery as Sales Fall Ahead of Split businessoffashion.com
