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UK scraps action against Ryanair, British Airways

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Britain’s competition regulator has scrapped legal action against Ryanair and British Airways.

It had claimed the airlines failed to offer refunds to those prevented from flying by the global health crisis.

Instead of providing refunds to those legally unable to fly, IAG-owned British Airways offered vouchers or rebooking.

Ryanair provided the option to rebook.

The Competition and Markets Authority started action against the airlines in June.

It said passengers who were legally unable to take flights booked in good faith should have their money back.

But on Thursday (October 7) it said the law did not provide passengers with a sufficiently clear right to a refund in such unusual circumstances.

It concluded that the length of time that would be required to take the case through the courts, and the uncertain outcome, no longer justified further expense of public money.

Instead the CMA hopes the law will now be clarified.

Ryanair said it welcomed the decision.

British Airways said in a statement it had acted lawfully at all times, issuing nearly 4 million refunds and highly flexible booking policies.

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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