Ryanair warns of airfare price rises as higher fuel costs dent annual traffic target

Ryanair has warned airfares may rise across Europe if higher oil prices continue into next summer, which could trigger the collapse of some of its rivals.

In-store inflation rises to an annual 1.5% in August, according to a survey for the British Retail Consortium The pace of price rises in UK shops rose to its highest level in two years in August, a trade body index shows, with higher energy costs pushing up the price of food and AI chip demand making technology more ex