Aimee joined Breakingviews in 2017 and writes about European airlines, insurance and property companies. Based in London, she previously spent three years at The Sunday Times as banking correspondent. Prior to that, she was a senior reporter covering the bond market at IFR, a financial trade publication published by Thomson Reuters. She holds a degree in English and History from the National University of Ireland, Galway, and a diploma in journalism from the London School of Journalism.
British regulators released a damning view on the 7.3 bln pound tie-up of Sainsbury’s and Asda, owned by the U.S. group. The pair need a plan to fend off German discounters. But the verdict limits M&A options. Asda’s global clout helps. Sainsbury’s looks set for further decline.
Climate change and concern for animal welfare are prompting more consumers to shun meat. As with the low-carb trend of the early 2000s, companies are scrambling to keep up: vegan sausage rolls helped boost British baker Greggs’ sales. The shift is more than a flash in the pan.
That’s how much Michael O’Leary stands to gain if he doubles the budget airline’s net profit or share price by 2024. Falling fares and strikes make the target look a stretch. But if Ryanair hits its 200 mln passenger goal while keeping costs down, the sky’s the limit for rewards.