Gatwick airport will reduce its summer capacity to ward off potential chaos, after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday. London’s second busiest airport will limit the number of daily take-offs and landings to 850 in August – about 50 more than the average in early June, but more than 10% below its pre-pandemic maximum. – Guardian
Elon Musk met directly with employees at Twitter on Thursday for the first time since he reached a deal to acquire the company in April, focusing on “freedom of speech” in an online address. The billionaire had moved to purchase Twitter for $44bn in April but has since been critical of the company, threatening to put the deal on hold over concerns about bots, or fake accounts, that exist on the app. – Guardian
Housebuilders will need more than bullish rhetoric to budge investors – the sector is priced for catastrophe. A rise in interest rates yesterday to a 13-year high and warnings that inflation could reach an eye-watering 11 per cent this year has caused the market to dig in its heels. For Bellway, the prospect of home ownership being pushed further out of reach by a lack of affordability caused a sell-off that has left the shares trading at their lowest since September 2020. In fact, at just over five times forward earnings, the FTSE 250 constituent is priced almost as feebly as the day of the first lockdown and close to its cheapest in a decade. – The Times
Businesses should give greater opportunities to those “at the edges” of the labour market to help tackle inequality, a senior minister told leaders at The Times CEO Summit. Michael Gove, the secretary of state for levelling up, housing and communities, called on chief executives to “open up opportunities to those people who have been overlooked and undervalued in the past”. – The Times
Drivers should be spared road charges during rail strikes to prevent cities turning into “ghost towns”, the chairman of the AA has said. The UK’s biggest strikes in 30 years are expected to cut off entire towns and cities as they shut down 80 per cent of Britain’s rail services next week. Parking charges, congestion and clean air zones, as well as unnecessary road works, should be halted to ease the burden of thousands who will be forced to drive into work, Edmund King told The Telegraph. – Telegraph
