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FINANCE
STAT OF WEEK €36.5 million
is the amount of Ryanair’s order for 300 Boeing aircraft, the first 150 of which will be delivered by 2025 with a further 150 ready between 2027 and 2033.
Cheaper butter
TESCO, Aldi and Lidl are following Sainsbury’s lead by lowering the price of their ownbrand salted and unsalted butter from £1.99 (€2.29) to £1.89 (€2.17) for a 250gramme pack while also cutting the price of ownbrand bread. Meanwhile, Asda and Morrison have yet to follow suit.
Tesla choice
TESLA chose Barcelonabased Holaluz to install Powerwall home batteries in Spain, an integrated battery system which stores solar energy for backup protection so that power stays on when the grid goes down. The system detects outages and automatically recharges with sunlight to keep appliances running for days.
Sporting chance
JD SPORTS plans to acquire French sportswear retailer Courir for €520 million, which includes paying €325 million via existing cash resources, and taking on a €195 million debt. The London listed sportswear giant revealed that it did not expect to complete the deal before the second half of this year.
Tax break
SPAIN’S tax authority Hacienda announced a 25 per cent income tax (IRPF) reduction on the net yield of 828,000 droughtaffected agricultural growers and livestock farmers. The measure applies to their 2022 tax declarations for those using the module system, the country’s official state bulletin (BOE) confirmed.
Lift-off
MELROSE INDUSTRIES’ shares soared after outstripping expectations and announcing that it would focus on the aerospace industry after demerging its automotive business. It expects fullyear sales of between £3.35 and £3.45 billion (€3.8 and €4 billion), well within the companycompiled £3.4 (€3.9 million) estimate.
Linda Hall
A POLITICAL party’s proposal to create a chain of publiclyowned supermarkets would be unworkable, Spain’s Manufacturers and Distributors Association (AECOC) said.
The Podemos party’s scheme was “out of touch with reality,” it was “posttruth” and “contributed nothing,” AECOC’s director general Jose Maria Bonmatí declared.
He also lamented that Podemos’s secretary general Ione Belarra had labelled food distribution bosses as “capos.”
Spain’s National Statistics’ Institute (INE) announced that prices rose by 16.5 per
