Thursday, 12th July: The travel experts share price reached an all-time high on Thursday morning after they released their results for the fiscal year. The results arrived bearing good news of annual profit exceeding market forecasts. Foreign exchange gains and a jump in the number of people going on holidays resulted in almost double pre-tax profit in the period, which caused the share price to jump up more than 33% during afternoon trading, placing them at the top of the AIM index.
Trump has more to say today, specifically regarding other NATO members’ contribution to defence spending, which he complains is funded by the US the most. He followed up his complaints with an ultimatum, increase spending to reach circa 4% of their countries GDP on defence, or lose the US as an ally. Although nothing has been confirmed yet, he took it upon himself to suggest to the public that the NATO members had agreed to his request and will be substantially increasing their contribution, although some have contradicted this. As he arrived in London on Thursday, the mayor of the city, Sadiq Khan, made a strong point to the public that although protests are accepted, they must remain “peaceful and good-spirited”, which flew over the head of an individual who welcomed Trump’s 22-vehicle motorcade with a gesture I’m sure he wouldn’t have appreciated.
On Friday, his schedule includes meeting both Theresa May and the Queen before flying to Scotland to one of his golf courses at the Trump Turnberry resort, where he will be welcomed by more protests.
The FTSE managed to reverse most of yesterday’s losses and ended the day 0.78% higher at 7651.