MARKET TALK: Goldman Sachs Upgrades EasyJet To Buy
16th Jul 2010 07:29
0629 GMT [Dow Jones] Goldman Sachs upgrades easyJet (EXJ.LN) to buy from neutral. Thinks its returns profile merits a share price around 24% higher than it is currently. Says it has competitive strength is its flight network, and expects the company to strengthen this as short-haul operations shrink
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 07:29
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0629 GMT [Dow Jones] Goldman Sachs upgrades easyJet (EXJ.LN) to buy from neutral. Thinks its returns profile merits a share p
Read moreRyanair, Easyjet settle 'Pinocchio' ads case
15th Jul 2010 12:38
Ryanair and its chief executive Michael O'Leary have been forced to "unreservedly apologise" and pay libel damages to Sir Stelios Haji-Ioannou, the founder of rival EasyJet. Ryanair agreed to pay about £50,000 to settle a lawsuit over a series of advertisements that likened Sir Stelios to Pinocchio
Read moreBroker snap: Downside risk 'substantial' at easyJet
7th Jul 2010 10:17
New planes used by easyJet must make more money than anything the budget airline has achieved before if it is to create shareholder value, reckons Charles Stanley. If this is to happen, the company has to deliver its £190m cost reduction programme to plan, needs yields to rise and a recovery in ass
Read moreBroker tips: M&S, Next, easyJet, Autonomy
7th Jul 2010 10:17
There's been a mixed response to the latest figures from high street bellwether Marks and Spencer despite a 3.6% increase in UK like for like (LFL) sales for the first quarter. Panmure Gordon says the statement "looks strong", especially as the retailer beat the broker's target of a 3% LFL sales im
Read moreMARKET TALK: Charles Stanley Initiates EasyJet At Reduce
7th Jul 2010 06:59
0559 GMT [Dow Jones] Charles Stanley initiates easyJet (EZJ.LN) at reduce with a 334p target. Says further expansion of the fleet will only create shareholder value if the new aircraft achieve a pretax profit per seat greater than ever achieved before. Says for this to succeed, a substantial numbe
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 06:59
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0559 GMT [Dow Jones] Charles Stanley initiates easyJet (EZJ.LN) at reduce with a 334p target. Says further expansion of the
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read more3rd UPDATE: Ryanair Loses EU Court Case On Aer Lingus Takeover
6th Jul 2010 13:32
(Adds Aer Lingus, European Commission comment.) By Mike Gordon and Peppi Kiviniemi Of DOW JONES NEWSWIRES LUXEMBOURG (Dow Jones)--Irish low-cost airline Ryanair Holdings PLC (RYA.DB) Tuesday lost its court battle with the European Commission over whether it can take over rival Aer Lingus
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreLondon open: Miners race away
6th Jul 2010 08:54
Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production
Read moreLondon pre-open: Gains ahead
6th Jul 2010 07:37
Investors have a number of blue chip announcements to consider following yesterday's slow start to the week. Footsie is expected to open around 20 points higher. Housebuilder Persimmon said private sale reservations have softened around the time of the new government's budget proposals, though sal
Read moreTraffic up 9% at easyJet in June
6th Jul 2010 07:33
The number of passengers flying with low cost airline easyJet jumped over 9% in June to more than 4.5m, helped in part by strike action at British Airways. Its orange liveried planes carried 4.54m people last month, up from 4.15m a year earlier, increasing the total for the last 12 months by 7% to
Read moreEasyJet June Passengers 4,537,959 Vs 4,146,609
6th Jul 2010 07:14
LONDON (Dow Jones)--Easyjet PLC (EZJ.LN), the budget airline, said Tuesday it carried 4,537,959 passengers in June, up 9.4% from 4,146,609 passengers a year earlier. MAIN FACTS: -June load factor was 87.2%, down from 86.3% in the same month a year earlier, making 0.9% for the rolling 12 mont
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