Financial business

Southwest Airlines Provides Operational and Financial Update; Stocks win

Southwest Airlines shares jumped nearly 1.8% on Monday to close at $ 62.10 after the world’s largest low-cost airline announced an operational and financial update of its operations. Southwest Airlines’ (LCV) passenger demand and operating revenues are in line with company expectations for February, thanks to improved leisure passenger bookings. Subsequently, the company predicts that […]

Financial shares

Provident Financial shares fall nearly 30% as they reveal FCA investigation

Provident Financial shares tumble as they reveal new surveillance investigation and warn its home loan arm could collapse after surge in claims FCA launches survey on ‘affordability and sustainability’ of loans granted Provident offers £ 50million compensation scheme as complaints jump 200% Borrowers would receive “considerably” less compensation under the scheme But if not approved, […]

Financial business

“Without freedom, there is no financial enterprise”

Japanese financial conglomerate SBI Holdings is considering leaving Hong Kong due to uncertainty over Beijing’s implementation of the National Security Law. Director General of SBI Kitao Yoshitaka noted the company is considering withdrawing from the city over concerns about the national security law and its impact on the business environment. “[W]Without freedom, there is no […]