Heathrow reports busiest month since March 2020 as travel recovery begins – business live

Rolling coverage of the latest economic and financial news

• Heathrow's busiest month since March 2020, with 1.5m passengers
• Urges US to lift restrictions on UK passengers
• Also pushes for cheaper Covid tests

10.18am BST

Deliveroo doubled the number of orders from customers to 149m in the first six months of the year as the appetite for takeaways continued to grow despite the reopening of bars and restaurants.

Related: Deliveroo orders double as appetite for takeaways grows

I think his view was: the stock's undervalued, I'm gonna start buying, and I know the space super well.

This is in my view just a financial investment."

10.06am BST

The drop in travel during Covid-19 lockdowns may have hurt Heathrow, but it's proved to be profitable for insurance companies.

Insurer Admiral has reported a 76% jump in profits for the first half of 2021, compared to a year ago, It's partly due to lower levels of claims frequency' -- as fewer motorists on the roads led to fewer accidents.

By and large, we've done the right things more often and a bit earlier than most.

This included adjusting pricing ahead of the market in the UK to reflect shifting pandemic-related claims trends and providing more self-service and digital options to our customers. These actions have rewarded us with double digit growth in policy numbers in the UK and in international insurance, whilst operating in very competitive markets.

Shareholders are being richly rewarded with record dividend payments and Admiral's strong financial position gives it lots of options while it works out what route it wants to take next.

The road ahead could be a little bumpier for Admiral as the artificially lower levels of traffic and collisions driven by Covid restrictions starts to unwind, however the company has clearly demonstrated its ability to steer the right course."