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UK travel slowly recovering as nation reopens

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The British travel market is starting to gain some momentum

Britain’s Heathrow Airport says that passenger numbers have surged in July as the government eased travel restrictions.

The major hub warned that overall numbers were still down 80% on pre-pandemic levels as many barriers remain.

Heathrow says that in July over 1.5 million travellers passed through the airport, making it the busiest month since March 2020, just before COVID-19 lockdowns began.

Heathrow and airlines like British Airways have criticised Britain for not easing travel restrictions quickly enough despite its fast vaccine roll-out, and for complicated rules which continue to include expensive coronavirus tests.

Both wanted to see the cost of testing reduced and more countries added to the government’s list of low risk countries.

Heathrow also called on the UK and the United States to reach an agreement to allow Britons to travel to the U.S.

Last month, the government allowed fully vaccinated Britons to travel to medium risk countries without needing to quarantine on return, boosting passenger numbers by 74% compared to July last year.

Britain has since early August opened its borders to fully-vaccinated people from the U.S. and European Union.

Heathrow added that U.S. carrier JetBlue was due to start flying between London and New York later this week, in a sign of growing confidence in travel.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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