British brands

Cyprus Airways enjoys rapid expansion

Cyprus Airways carried a total of 260,000 passengers in the first half of 2023, marking a steep increase of 300% year-on-year, while it doubled its operations compared with June of last year.

According to a press release, in June the Cypriot flag carrier carried 59,110 passengers, compared with 29,979 last year.

Tesco supermarket warns on profit as inflation bites

Britain's biggest retailer Tesco yesterday warned that soaring inflation would bite into future profit, causing its share price to slide along with those of rival supermarkets.

Tesco said underlying profit was expected to drop in its current financial year after it jumped by more than one third in 2021/22.

Heathrow airport posts big loss on UK Covid curbs

London's Heathrow Airport announced yesterday that it narrowed annual losses only slightly in 2021 despite the reopening of global air travel, blaming what it said were stricter passenger curbs in Britain compared to the neighboring EU.

Heathrow recorded pre-tax losses totalling 1.8 billion pounds ($2.4 billion) last year, it said in a statement.

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