Johnson Faces Parliament After Shock Exits: The London Rush
(Bloomberg) -- Here’s the key business news from London-listed companies this morning.
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Trainline Plc: The online ticketing service raised its guidance for the year, citing a faster than anticipated recovery in rail passenger volume across Europe — including a “notable resurgence of inbound customers from the US.’’
Robert Walters Plc: The recruitment company expects its full-year profit to be slightly ahead of current market estimates, driven by a strong jobs market that boosted the group’s net fee income for the first half by 27%.
Shell Plc: The energy major said it made a final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025.
Outside The City
Boris Johnson is clinging to power after appointing Nadhim Zahawi as chancellor and Steve Barclay to the health portfolio in the wake of resignations by Rishi Sunak and Sajid Javid.
Today Johnson faces Prime Minister's Questions and then what could be a grueling session of Parliament's Liaison Committee.
The prime minister’s survival ultimately remains a numbers game, with rebel Tories striving to gain the majority they need to make his position untenable — most likely by changing party rules to allow another confidence vote.
In Case You Missed It
New Chancellor Zahawi has in the past advocated for tax cuts. Here are some of the big calls he’ll have to make.
And despite politics and some fearsome statistics, Britain’s economy isn’t doing badly — thanks to all that stimulus, writes Bloomberg Opinion’s Marcus Ashworth.
Looking Ahead
Currys Plc’s results tomorrow will show how the electronics retailer is faring with cash-strapped consumers possibly sated by the gadget purchases made during the pandemic.
Among the other companies set to report tomorrow are sports betting and gambling company Entain Plc and Ukrainian miner Ferrexpo Plc.
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