Oil prices rise on U.S. inventories draw, tight supply
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| 📚 Daily Digest | Thursday, Aug 31, 2023 | | |  | | | | FTSE 250 movers: Citi 'sell' hits Quilter; Grafton buyback pleases | | |  | | © Reuters. | | The bank noted that larger-than-expected cost cuts have led to 10% consensus earnings per share upgrades since H1 results, with Quilter outperforming the UK market by around 25%. "Yet a third major cost-cutting programme in four years may imply low confidence in the revenue outlook, which our analysis suggests is the main profit driver," it said. | | | | | | | | | | Today's Top News | | Economy | | Airline industry argues air traffic control should bear costs of travel chaos | | Airlines should not have to bear the costs of Monday's system failure which has grounded thousands of flights so far this week, an industry body has argued. Following the blip in National Air Traffic Services' (NATS) system, which forced controllers to manually input flight data for around three hours on Monday, airlines could have faced a £100 million blow, the International Air Transport Association (IATA) said. | | | | | | | | | Stock Markets | | Britain's BAE Systems sets up Ukrainian entity | | Britain is a key defence supplier for Ukraine and BAE, as the UK's biggest defence contractor, has manufactured much of the equipment that the UK has provided to Kyiv. The company is also providing training and repair services to Ukraine's armed forces. | | | | | | | | | | | | | | | | | | | |
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