London pre-open: Footsie on the front foot
6th Sep 2010 07:37
London is set to start the week in confident fashion, still buoyed by Friday's better than expected US jobs data. British Airways has drawn up a list of 12 potential acquisition targets once its merger with Spanish carrier Iberia is completed, chief executive Willie Walsh said over the weekend. W
Read moreeasyJet passengers rise to 5.2m in August
6th Sep 2010 07:08
Budget airline easyJet said it carried 5.2m passengers in August, up 8.4% from 4.8m passengers a year earlier. The August load factor rose to 92.3% from 91.8% the same month a year earlier, making 86.9% for the rolling 12 months. The airline carried 48.4m passengers in the 12 months, up 7.7% from
Read moreeasyJet July passengers rise to 5.02m
5th Aug 2010 08:02
Budget airline easyJet said it carried 5.02m passengers in July, up 7.7 percentage points from 4.66m passengers a year earlier. The July load factor rose to 90.9% from 90.3% in the same month a year earlier, making 86.8% for the rolling 12 months. The group carried 47.99m passengers in the 12 mon
Read moreMARKET TALK: Arbuthnot Cuts EasyJet Price Target
29th Jul 2010 14:34
1334 GMT [Dow Jones] Arbuthnot cuts EasyJet (EZJ.LN) price target to 450p from 480p following the company's 3Q update. The unchanged FY guidance masks several problems Arbuthnot says. A stronger revenue outlook offsets a worse cost picture, with greater operational problems necessitating extra spen
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
29th Jul 2010 14:34
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1334 GMT [Dow Jones] Arbuthnot cuts EasyJet (EZJ.LN) price target to 450p from 480p following the company's 3Q update. Th
Read moreMARKET TALK: Royal Bank of Scotland Cuts EasyJet Price Target
29th Jul 2010 12:33
1133 GMT [Dow Jones] Royal Bank of Scotland cuts EasyJet (ESJ.LN) price target to 430p from 460p. Royal Bank of Scotland is not tempted to advise investors to take advantage of recent share price weakness. It awaits clarity over the legal dispute with founder Stelios Hadji-Ioannou and over the mana
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
29th Jul 2010 12:33
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1133 GMT [Dow Jones] Royal Bank of Scotland cuts EasyJet (ESJ.LN) price target to 430p from 460p. Royal Bank of Scotland
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreeasyGroup Sets easyJet Deadline To Improve Performance Or Lose Brand
28th Jul 2010 14:41
LONDON (Dow Jones)--easyJet PLC (EZJ.LN) major shareholder, Stelios Haji-Ioannou through easyGroup, said Wednesday in a letter to the easyJet board of directors that should the company fail to remedy the breach of certain clauses by Oct. 26, easyGroup IP Licensing Limited will have the right to issu
Read more3rd UPDATE: EasyJet Admits It's Struggling With Crew Shortages
28th Jul 2010 14:10
(Adds comment) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based low-cost airline easyJet PLC (EZJ.LN) Wednesday admitted it has crew shortages and ineffective rostering on some parts of its network that is hampering punctuality, an issue that has caused t
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read more2nd UPDATE: EasyJet Admits It's Struggling With Crew Shortages
28th Jul 2010 11:18
(Adds comment, details) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based low-cost airline easyJet PLC (EZJ.LN) Wednesday admitted it has crew shortages and ineffective rostering on some parts of its network that is hampering punctuality, an issue that has
Read moreUPDATE: EasyJet Admits It's Struggling With Crew Shortages
28th Jul 2010 09:20
(Adds comment, details) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based low-cost airline easyJet PLC (EZJ.LN) Wednesday confirmed it had crew shortages on some parts of its network that is hampering punctuality, an issue that has caused the airline's fou
Read moreEasyjet takes £65m ash hit
28th Jul 2010 08:08
Easyjet's sales rose by 5.3% to £759.2m in the three months to June despite volcanic ash cloud disruption that cost the airline £65m. This was the first statement from the no-frills airline's new chief executive Carolyn McCall, who has walked into a public row between the company and founder and ma
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