Binance releases proof of reserves data for ten cryptocurrencies; oil tumbles amid hopes of Iran war breakthrough – as it happened

Ryanair has said it is considering implementing pay freezes, setting the scene for a confrontation with unions as the airline tries to offset soaring fuel costs driven by the Middle East conflict .

The airline is also considering reducing crew numbers on flights and increasing the use of AI, in a cost-cutting drive.

Europe’s largest low-cost carrier said it expected European airlines to raise ticket prices by up to 20% , with its own jet fuel costs forecast to rise by about €2bn (£1.6bn) in its next financial year, which ends in March 2028.

Supermarket chains in Sweden, Belgium and Luxembourg have said the temperatures of their refrigerators and freezers in dozens of stores rose overnight, prompting fears of a cyber-attack similar to one that caused millions of euros of food losses in France.

Sweden’s Coop chain told the daily Aftonbladet on Monday that six of ​its stores ‌had been ​affected, while ICA said it was “aware that a limited ​number of stores were affected by an incident overnight which impacted their refrigeration and freezer systems”.

Sales at the UK’s largest brickmaker plunged by more than a fifth over the summer, as it criticised the government for not introducing fresh help for the housing sector faster.

Leicestershire-based Ibstock said on Monday that sales slumped by 22% below its expectations in the three months to the end of September, prompting it to slash production levels by a fifth.

Ibstock issued its second profit warning this year and said UK brick market volumes declined by 17% year on year in July and August, with weak market conditions continuing through September and October.