Cruise company Carnival crashed to a record low after it warned it faces further losses as the cost of fuel and other essentials soar. Any port in a storm: Carnival posted a third-quarter loss of £690m despite a sharp jump in revenues to £3.9billionCarnival posted a third-quarter loss of £690m despite a sharp jump in revenues to £3.9billion, and warned of another loss in the final three months of the year. Shares fell 21.3 per cent, or 157p, to 581.8p – the lowest since it started trading on the London stock market more than two decades ago. The note came after Boohoo this week warned that business had slowed in July and August. Asos fell 4.4 per cent, or 26p, to 569p while Boohoo was down 4.8 per cent, or 1.85p, to 36.45p.

Source: Daily Mail October 01, 2022 04:56 UTC