Alexandra Bacon

England, London

Editorial Intern at Sifted

Business and Economics Journalist at Agence France-Presse (AFP)

UK business & economics journalist at @AFP in London | Previously @BusinessInsider @Siftedeu & @IEA

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Articles

UK Renationalises First Train Operator Under Labour Reforms

2 weeks ago | barrons.com | Alexandra Bacon

Britain's South Western Railways on Sunday becomes the first private train operator to be returned to public ownership under the Labour government's plans to renationalise the country's much-maligned railways. Renationalising all of the UK's rail operators is among the key policies launched by Prime Minister Keir Starmer since his party's return to government last July following 14 years in opposition.
Ryanair fares set to rise by nearly 20% as airline plots profit rebound

2 weeks ago | fortune.com | Ryan Hogg |Alexandra Bacon

Ryanair said profit growth this year will depend on working through the risk of tariff wars, geopolitical conflicts and macro-economic blows. Chris Ratcliffe/Bloomberg via Getty Images
Ryanair fares set to rise by nearly 20% as airline plots profit rebound

2 weeks ago | ca.finance.yahoo.com | Ryan Hogg |Alexandra Bacon

Ryanair fares are set for a sharp rise as the airline attempts to rebound from a double-digit hit to profits in a year where Ryanair shipped a record number of passengers. Europe’s largest airline transported a record 200 million passengers in 2024, though fares were 7% lower than in the year prior.
Ryanair annual profit drops 16% as fares fall

2 weeks ago | bilyonaryo.com | Alexandra Bacon

By Alexandra BACONIrish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers. Profit after tax slid to 1.61 billion euros ($1.8 billion) in the 12 months to the end of March for the airline that flies mostly across Europe, Ryanair said in an earnings statement. Revenue increased four percent to 13.95 billion euros.
UK Economy Grows Above Forecasts, But Tariffs Threaten Progress

3 weeks ago | barrons.com | Alexandra Bacon

Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect. Gross domestic product rose 0.7 percent in the January-to-March period after only growing slightly in the final quarter of last year, the Office for National Statistics said in a statement.
Burberry Warns 1,700 Jobs At Risk After Annual Loss

3 weeks ago | hngn.com | Alexandra Bacon

British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two years to reduce costs as it fell into an annual net loss. The troubled group is undergoing a turnaround plan to help boost sales and cut costs as the global luxury sector struggles with weak consumer demand, notably from China.
Burberry Warns 1,700 Jobs At Risk After Annual Loss

3 weeks ago | barrons.com | Alexandra Bacon

British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two years to reduce costs as it fell into an annual net loss. The troubled group is undergoing a turnaround plan to help boost sales and cut costs as the global luxury sector struggles with weak consumer demand, notably from China.
British Airways Owner Unveils Big Boeing, Airbus Order

4 weeks ago | barrons.com | Alexandra Bacon

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty. Demand for air travel remains strong, IAG said, as US President Donald Trump's tariffs assault threatens to hamper global growth and knock business confidence.
UK, India strike trade deal amid US tariff blitz

1 month ago | finance.yahoo.com | Alexandra Bacon

Britain has sought to bolster trade ties across the world since it left the EU at the start of the decade (Ben Stansall) Britain on Tuesday struck a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats.
Food delivery app DoorDash agrees to buy peer Deliveroo

1 month ago | finance.yahoo.com | Alexandra Bacon

The combined DoorDash and Deliveroo food delivery service will have a presence in over 40 countries, serving around 50 million monthly active users. (Ed JONES) US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for £2.9 billion ($3.9 billion) in a deal that will expand its global reach. The deal, announced by the two companies Tuesday, will create a delivery service present in more than 40 countries, serving around 50 million monthly-active users.