FTSE LIVE: Ryanair knocked by Boeing delays; Burberry lifted by weak pound as tourists flock to UK stores; Irn-Bru group feeling the chill
- Airline Ryanair said delays to Boeing’s B737 Max aircraft would hit growth
- Burberry sales rise as tourists give UK stores a boost
- Irn-Bru maker AG Barr warned that profits will be a fifth lower than last year
After a slow start to the week, there’s plenty of company news to chew over today.
Low-cost airline Ryanair said delays to Boeing’s B737 Max aircraft would cut its summer 2020 growth rate from 7 per cent to just 3 per cent as it will have 30 planes, rather than 58.
Irn-Bru and Rubicon maker AG Barr has warned profits will be down 20 per cent this year, partly because of the poor spring and early summer weather in the north of England and Scotland.
And luxury fashion label Burberry benefited from the weak pound, it said, as tourists flocked to its UK stores.
Ryanair said delays to Boeing’s B737 Max aircraft would cut its summer 2020 growth rate