BUSINESS LIVE: Ryanair sinks to £80m loss; UK firms failing on governance guidelines; London tech IPOs raise record £6.6bn
Ryanair saw losses of €96million (£80million) in the final three months of 2021, with the budget airline warning it would continue to need to discount fares in the coming months amid a ‘hugely uncertain outlook’.
The Irish low-cost airline, Europe’s largest by passenger numbers, reiterated its forecast loss for its full financial year ending 31 March at €250million-€450million.
Nearly two-thirds of FTSE 350 companies are riding roughshod over UK good governance guidelines, figures show.
Top dogs at 30 per cent of firms are receiving bumper pension contributions worth as much as five times the rate of ordinary employees.
London tech floats raised a record £6.6billion in 2021 as dozens of firms chose the UK over rival stock exchanges.
Thirty-seven tech and online consumer companies went public in Britain last year – with fintech group Wise, review site Trustpilot and online Auction Technology Group among the biggest debuts.
London’s £6.6billion tech IPO fundraise was more than double the equivalent figure in 2020