Keep up to date with the latest business and accountancy news in our weekly round-up…

 

Ryanair issues profit warning as fares fall

Ryanair has cut its profit forecast blaming lower-than-expected air fares. Fares are expected to fall 7% this winter.

Trump cancels US delegation to Davos World Economic Forum due to shutdown

President Donald Trump has cancelled his delegation’s trip to the World Economic Forum, citing the ongoing government shutdown. The World Economic Forum is due to take place from the 22nd-25th January.

UK manufacturers set cash aside in case of hard Brexit

British manufactures are being forced to build up financial buffers in preparation for a no-deal Brexit as the cost of stockpiling goods and materials put s companies under strain.

KPMG revenues rose by 8 percent this year in strongest growth in a decade

KMPG’s revenues rose by 8% and their profit by 18%, despite the firm facing criticism after the collapse of audit client Carillion in January 2018.

And finally…

Snoop Dogg invests in £2bn Swedish fintech company

Snoop Dogg has bought a stake in financial technology company Klarna Bank. The rapper bought his stake through investment firm Casa Verde Capital, which mostly invests in cannabis-related businesses.

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