Ifa News Round-Up
BAE lifts FY earnings guidance as Ukraine war drives demand
UK defence manufacturer BAE Systems on Wednesday lifted full-year guidance as the war in Ukraine led to increased demand for weapons, leaving the company with a record £66bn order book.
United Internet shares surge on Vodafone deal with 1&1
Shares in United Internet surged on Wednesday after its majority-owned German mobile and broadband provider 1&1 agreed agreed a deal for Vodafone to provide 5G coverage to its customers, in a move that would see it replace Telefonica Deutschland.
Virgin Money lifts bad debt provisions; Starts £175m buyback
UK bank Virgin Money on Wednesday said it had lifted provisions for bad debts as customers struggled to meet credit card payments amid the cost of living crisis, while also unveiling plans for a £175m share buyback this financial year.
Ryanair, Wizz July passenger numbers soar on holiday demand
Low cost airlines Ryanair and Wizz both reported a sharp jump in passenger numbers for July on strong summer holiday demand.
Ibstock profits fall as housing market cools
Building materials supplier Ibstock reported a fall in first-half earnings as the housing market cooled due to higher mortgage costs.