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Coronavirus live news: Tokyo cases hit all-time high; Tanzanian president gets jabbed after predecessor’s death

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Barclays shareholders are in line for a payout of more than £800m from dividends and share buybacks after a rise in profits as the UK economy recovers from the coronavirus pandemic.

Barclays is the first major UK bank to hand money back to investors since the Bank of England scrapped the remaining Covid restrictions on shareholder payouts, which were introduced by the central bank at the start of the pandemic last year.

It follows a strong second quarter, with Barclays’ pre-tax profits rising to £2.6bn over the three months to the end of June, up from £359m a year earlier. It also beat consensus forecasts for £1.7bn in profits for the period.

Wizz Air has said it expects passenger numbers to return to pre-pandemic levels in August amid a steady climb in summer holiday bookings despite Covid-19 pandemic restrictions across Europe.

In an upbeat statement to the London stock market on Wednesday despite a €114m (£97m) loss between April and June, the budget airline said it expected to operate at 90% of its pre-pandemic capacity in July and 100% in August.

Airlines have been among the slowest companies to recover from the pandemic, with cross-border movement restrictions holding back travel despite the progress of vaccination programmes. However, there have also been signs of pent-up demand from consumers used to foreign holidays as passenger numbers steadily rise.

Source: DreamAfrica LIVE (A DreamGalaxy Trusted Brand)