BUSINESS LIVE: Shop worth inflation eases; Sainsbury’s gross sales develop

Air France has warned it will take a £150million hit as tourists dodge Paris because of the Olympics.

The airline group said the French capital was ‘lagging behind other major European cities’ this summer – despite being the host city for the Games.

Housebuilders were on the march in what analysts described as a ‘big week’ for the industry given the General Election.

Galliford Try gained 2.1 per cent, or 5p, to 244p, Crest Nicholson added 2 per cent, or 4.8p, to 245p, Persimmon rose 1.5 per cent, or 20p, to 1372p, Barratt Developments increased by 1.2 per cent, or 5.6p, to 477.8p and Taylor Wimpey edged up 1.2 per cent, or 1.65p, to 143.8p.

Revolut will unveil bumper financial results today as its fight for a banking licence drags on.

The fintech business expects revenue for last year to be more than £1.6billion and for profit to beat £276million.

The husband and wife behind data group Preqin are about to join the ranks of Britain’s richest people after agreeing to sell to Blackrock for £2.55billion.

Mark and Lindy O’Hare, who own 80 per cent of the business through a family holding, will rake in a £2billion windfall when the deal completes.

The notorious meme-stock investor known as Roaring Kitty has been sued for allegedly orchestrating a ‘pump and dump’ scheme involving an American video game retailer.

In a proposed class action filed late last week, GameStop shareholder Martin Radev claimed Keith Gill was seeking to manipulate the stock for his own gain.

Boeing has agreed to buy an aerospace supplier in a £3.7billion deal as it tries to contain its ongoing safety crisis.

The scandal-hit airline said the acquisition of Spirit AeroSystems was in the ‘best interests’ of its passengers.

Borrowing costs surged across Europe yesterday after Marine Le Pen crushed Emmanuel Macron in the first round of parliamentary elections in France.

The yield on French ten-year government bonds – a key measure of how much it costs the state to borrow – hit 3.35 per cent for the first time since November last year.