Keep up to date with the latest insurance and finance 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.

Cross-border broker partnership plans escalate ahead of Brexit

Irish  broker Arachas boss Conor Brennan says UK brokers are increasingly looking to collaborate with brokers based in Ireland.

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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