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BUSINESS LIVE: Retail sales fall again; Kwarteng approves Ultra sale

Added 06-24-22 08:36:02am EST - “Among UK companies with reports and updates are Ultra Electronics, RPS Group, Ferguson and Lamprell.” - Dailymail.co.uk

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Posted By TheNewsCommenter: From Dailymail.co.uk: “BUSINESS LIVE: Retail sales fall again; Kwarteng approves Ultra sale”. Below is an excerpt from the article.

The FTSE 100 is up 1.6 per cent in early afternoon trading. Among UK companies with reports and updates are Ultra Electronics, RPS Group, Ferguson and Lamprell. Read the the Friday 24 June Business Live blog below.

Britons heading abroad once again endured huge queues at UK airports this morning - with the situation only set to get worse during the summer holidays after British Airways staff based at London Heathrow voted to strike.

More than 700 Heathrow check-in and ground-handling staff voted for industrial action yesterday in a row over pay. The GMB and Unite unions are expected to set strike dates for around July 22, when the school break begins.

Plumbing and heating products supplier Ferguson has begun the latest tranche of a $2billion share buyback programme.

The US-focused business, formerly known as Wolseley, said it had entered into an agreement with brokers from JP Morgan to acquire up to £375million of its shares from now until no later than 10 October.

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