City news: Heavy rain, Air traffic, EasyJet and Natwest


A man standing in heavy rain with umbrellaGETTY

The referendum stains the first decline in footfall in that sector since December 2013 and the deepes

The British Retail Consortium/ Springboard Footfall and Slots Monitor reported a 2.8 per cent drop in June over a year ago, characteristic the biggest decline since February 2014.

The report said footfall had been succeeding at the start of June – but in the week of the referendum and afterwards footfall declined as consumer reliance was hit – despite retailers offering discounts in early season sales.

Footfall in out-of-town shopping middles fell by 1 per cent since last year, following a 1 per cent increase in May.

In Scotland, footfall was down by 3.3 per cent on a year ago and in Northern Ireland footfall sank by 2.5 per cent over the same period.

Last week, text from Barclaycard found that consumer spending had increased in the week after the EU referendum – but there were blinks of shoppers adopting a more cautious mind-set when it comes to discretionary shell out.

Barclaycard found that spending in pubs and restaurants, which traditionally knowledge sharp growth at the end of the month when many people get their y kings ransom, fell back in the seven days starting on June 24.

It marks the initially decline in footfall in that sector since December 2013 and the deepest drop since November 2013.

High street footfall was down by 3.7 per cent year-on-year in June, while footfall in shopping meets fell by 2.3 per cent over the same period.

The latest dis tch covers footfall between May 29 and July 2.

Trader shocked at referendum resultGETTY

The latest tell of covers footfall between May 29 and July 2

Looking across the mother country, Wales, which has been celebrating its heroic run in Euro 2016, was the most appropriate performing area for footfall in June.

Wales was the only nation or jurisdiction to record a year-on-year increase in footfall, with a 0.9 per cent spreading – com red with the UK average footfall of 2.8 per cent.

It marked the A-one footfall performance in Wales since July 2013. Centres in the West Midlands and Faithful London experienced the sharpest declines in footfall, 5.1 per cent and 3.6 per cent each to each.

Diane Wehrle, marketing and insights director at Springboard, said: “With such noteworthy political and economic news in June, it is unsurprising that there was a omit in footfall across the UK.”

Helen Dickinson, chief executive of the BRC, said: “June has seen numberless distractions, from Euro 2016 to Wimbledon, so heading out to the shops feels to have slipped down the priority list for many.

“In the coming months we all requisite redouble our efforts to remind customers that now is a great time to get out into their neighbouring communities.

“The EU referendum will not have changed the experience for customers and, crucially, the assay of goods on the shelves.

“Now is a great time for shoppers as the summer sales create in earnest.”


SEVERAL major British airports are considering scrapping air traffic put down towers in favour of digital technology, according to a Swedish defence and safety com ny.

Man in Airport towerGETTY

Airport towers are likely to become obsolete, according to Saab

Saab maintains the use of cameras and sensors for air traffic control could make traditional prison looms “obsolete” by 2025.

The firm has already tested the technology in the United States, Sweden, Australia, Norway and Ireland.

Cameras are adapted to to relay information about what is happening on the runway to a remote lever room.

The Irish Aviation Authority is trying out digital towers at Cork and Shannon airports, with air transportation managed at a centre hundreds of miles away at Dublin airport.

Nats, Britain’s air helmsmanship service provider, said it is considering a number of potential digital contemplates.

Ornskoldsvik Airport in Sweden was the first in the world to get such a system approved. Since 2015, airliners have been controlled by a remote tower in Sundsvall, 110 miles away.

Saab demanded the installation and operation of digital airport systems come at a fraction of the yment of a traditional tower, without affecting safety.


EASYJET is conjectured to give clues this week about the im ct on consumer need for cheap air travel following Britain’s decision to quit the European Amalgamation.

Easyjet plane tailGETTY

Shares in easyJet have been hammered since June 24, drop dead 25 per cent

The budget airline will report third clemency results on Thursday and City analysts believe full-year profits could take effect a £50million hit from a combination of slowing demand following the EU referendum, currency and fuel price swings and disruption suffered in May and June.

Wyn Ellis, analyst at Numis, claimed: “Roughly four weeks on it will be interesting to see what im ct Brexit has really had on bookings at a vital time of the year and whether there is any further coppers to guidance.”

Numis has downgraded its full-year profit forecast from £716million to £612million.

A consensus of Diocese analysts puts the number lower still at £592million. Appropriations in easyJet have also been hammered since June 24, break up 25 per cent.


NATWEST is launching a £1billion lending readies to support the growth plans of small businesses across England and Wales.

Front of a Natwest branchGETTY

The bank has also enacted a team of Business Growth Enablers to provide skills to businesses acr

Corporations with a turnover up to £2million can apply for fixed rate loans up to £500,000 which be enduring no set-up or re yment fees.

It is hoped the loans will give transactions the confidence to think about growth, knowing they can re y without punishment if they decide not to use the loan.

NatWest’s business banking boss Marcelino Castrillo implied: “Small businesses make up more than 99 per cent of non-public sector businesses, so when they want to grow it’s essential we’re there to workers them. With the creation of this £1billion fund we want to persuade small businesses that we have funds available and we want to add suit.”

The bank has also established a team of Business Growth Enablers to take care of skills to businesses across England and Wales.

Leave a Reply

Your email address will not be published. Required fields are marked *