Ryanair's brace position for a hard Brexit

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"Modest" - not a word you would normally associate with Michael O'Leary of Ryanair. But that's how the chief executive describes his results for April to June, as growth of the airline climbed, albeit slowly.

The guidance is for revenue and profits to keep gaining altitude, with 10% more passengers this year, reaching 117 million over the full year to March 2017. That's eased from 18% passenger growth last year, and it continues to moderate to between 4% and 8% forecast growth over the next eight years.

With weakening demand, O'Leary's going after fare cuts of 8% in the first half of the year, rising to 10% over next winter. Lower fuel costs saving him 200m Euros, he can afford to pass that on.

He's making less on insurance and car hire, but more on priority boarding. Next innovation is Ryanair Rooms, due for launch in October, in an attempt to take on the hotel booking sites and AirBnB.

Pivoting away

In other news, Ireland's chief cheeky chappie is as reassuringly combative as ever. Norway has slapped a tax on passengers, so he's closing Oslo as a base and withdrawing half of the country's flights. French air traffic controllers keep striking, so he's wanting compensation, and other countries' controllers to handle overflights.

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Universities and Brexit: A degree of uncertainty

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The graduation season is all but over, and those attending the ceremonies have been struck by the high proportion of be-gowned foreign students collecting their parchments.

This week's Audit Scotland report into the state of Scotland's universities draws the evidence together.

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Curious George turns the taps from austerity to tax cuts

George Osborne Image copyright Reuters
Image caption George Osborne is now talking about a tax cut

There is still barely a question about the impact of Britain's exit from the European Union to which the answer is clear. On the big questions, even the options look unclear.

What we know for sure is that uncertainty is stalking the British economy. That's expected to mean business investments being stalled, and consumers postponing their bigger spending decisions.

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A man with a plan, and ruthless truth

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The Bank of England behaves a bit like a religious order. To show just how much it's on top of things, its most senior cleric intones in a sort of obscure economic theology.

Uncertainty, points out Mark Carney in his latest speech, can "weigh on employment and aggregate demand, creating disinflationary pressures, while the freeze in resource reallocation can hold back productivity and aggregate supply, creating inflationary pressures".

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Brexit upheaval: structural damage and development potential

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The markets may have found a floor, for now. Some traders have picked themselves off it.

The FTSE 100 index is back where it was before the Brexit result. But many within that corporate elite are global companies. And this was far from being an even recovery.

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Stuck in the middle with EU

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Image caption Greenland chose an Arctexit from the EU in 1985 while remaining tied to Copenhagen

I'm old enough to remember when Lib Dems were consigned to the political margins by party members' eccentric fascination with constitutional questions.

Now, the constitution feels like the only game in town. Which reminds me - whatever happened to the Liberal Democrats?

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Brexit and Consequences

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Quickly established as the dominant explanation for Thursday's referendum vote on European Union membership: the "leave" voters were largely from parts of the country and communities which feel left out of prosperity elsewhere.

Labour leader Jeremy Corbyn says they feel abandoned, left behind and ignored, often with low-wage, insecure jobs - symbolised by a Sports Direct warehouse on the site of a former coalmine.

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Business and Brexit: whatever next?

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Has business been crying wolf? Heavily weighted to the Remain side, the voices of business Britain and corporate Caledonia raised a lot of serious concerns about the economic consequences of Brexit.

They lost the vote. And now, they're telling us they can cope with the upheaval that's being thrown at them.

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Brexit and the bottom line

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Image caption The Ford car company says it is concerned about the UK leaving the EU

Ford says a break from the European Union would cost it "hundreds of millions of pounds". That's because it's not only a manufacturer and exporter, but its finance arm is regulated as a bank.

Other motor manufacturers, headquartered in Germany, the US, Japan and India, have also voiced their concern collectively.

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Parenting: it's payback time

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Father's Day: a commercial opportunity to lavish crass cards and tacky tankards on dads.

Or less cynically, it's a time to consider what it is to have a dad, and what he means to you.

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