Source: Sharecast
The vacation rental company Airbnb forecast third-quarter revenue below Wall Street estimates on Tuesday and reported a lower second-quarter profit, as it flagged weakening demand from US customers. Shares of the company were down about 12% after the bell. Domestic travel in the United States has been pressured since the start of the year as more Americans grow cautious about travel spending amid growing economic uncertainty. – Guardian
Sir Richard Branson’s Virgin Atlantic has been banned from describing its green jet fuel as “sustainable” after it was accused of “misleading” customers during an advertising campaign. In a ruling on Tuesday, Virgin was found to have breached rules while advertising its first-ever transatlantic service powered by so-called sustainable aviation fuel (SAF). – Telegraph
The Titanic shipbuilder Harland & Wolff has been plunged deeper into crisis after the Falkland Islands withdrew from £120m contract talks. The Belfast-based company had previously been chosen as the preferred candidate to build a new floating dock for the British overseas territory. But on Tuesday it revealed the Falkland Islands government (FIG) had “decided to cease further contractual negotiations”. – Telegraph
The value of Old Master paintings, statues and other objets d’art owned by the FTSE 250 investment trust RIT Capital has inadvertently come to light as a result of their reclassification in its latest accounts. RIT-owned objects housed in Spencer House, a sumptuous palace in the St James’s district of London, where the managers of the trust work, are now believed to be valued at around £3.5 million. – The Times