Jason Karaian

As profit warnings go, it was a pretty mild one. Ryanair, Europe’s largest budget airline, issued a statement that profits in its current fiscal year (ending in March) would fall near the bottom of its previous forecast range. Given that range, €570 million to €600 million ($753 million to $792 million), this implies that the carrier’s profit will be flat; it made €569 million in its previous fiscal year.

Talk about rebalancing. The latest economic projections from the OECD paint a rosy picture for the UK economy. Not long ago, Britain was flirting with a double-dip recession. Now, the OECD reckons it will be one of the fastest-growing rich-world countries in the second half of this year.

Bale beɪl n [Welsh] (2013)1 : A denomination of euros equal to 100,000,0002 : informal A very large indeterminate number <he made Bales of money in the market >

Vodafone will make $130 billion by selling its stake in Verizon Wireless, it was announced yesterday. Now what?

Traders’ screens are a sea of green in Europe today. Stock indexes have been rising on the news that the average purchasing managers’ index for manufacturing in the euro zone set a 26-month high (pdf) in August. The reading of 51.4 was the second consecutive month above 50, the cut-off point between growth and contraction. This confirms the region’s nascent recovery, seen in a small expansion of second-quarter GDP and a return to growth in industrial production in June, and hints at further growth—however modest—in the quarters to come.