Citi upgrades Easyjet and IAG to 'buy', double-downgrades Lufthansa
31st Aug 2018 12:48
(Sharecast News) - Faced with a "favourable" demand outlook but multiple headwinds including re-emerging capacity risks, "underestimated" fuel headwinds, a kaleidoscope of pricing trends and industry-wide cost creep, analysts at Citi expressed a preference for the "less operationally-geared" names in the space.
Read moreEasyJet passenger numbers ascend in month of disruption
6th Aug 2018 07:24
(Sharecast News) - Passenger numbers once again ascended at easyJet in July, with total passengers carried during the month rising 4.5% year-on-year to 8,540,193, and it load factor improving 0.1 percentage points to 96.9%.
Read moreThursday broker round-up
9th Feb 2017 08:59
(ShareCast News) - Hargreaves Lansdown: Citi reiterates Sell with a target price of 1200p. Rio Tinto: Deutsche Bank reiterates Buy with a target price of 4000p. Redrow: Deutsche Bank reiterates Hold with a target price of 548p. Mondi: Jefferies reiterates Buy with a target price of 2000p. Easyjet
Read moreEasyjet traffic and load factor rise in January
6th Feb 2017 07:10
(ShareCast News) - Budget airline easyJet posted a rise in traffic and the load factor in January. Passenger numbers were up 11% from the same month last year to 4.75m as the load factor - which gauges how full the flights are - edged up to 86.2% from 85%. On a rolling 12-month basis, traffic grew
Read moreEasyJet flies lower on Cantor downgrade
30th Jan 2017 09:13
(ShareCast News) - Budget airline easyJet flew lower on Monday as Cantor Fitzgerald downgraded its stance on the stock to 'hold' from 'buy' saying it reckons the shares will trade in a fairly tight range for the next quarter. The brokerage said EZJ reported a "generally upbeat" first quarter last we
Read moreFTSE 100 movers: Tesco gains while Sainsbury's loses out
27th Jan 2017 15:38
(ShareCast News) - The FTSE 100 index rose 0.17% to 7,173.75 in the late afternoon. Supermarket giant Tesco climbed as it announced it has agreed to merge with the UK's largest food wholesale operator Booker Group. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new
Read moreFriday broker round-up
27th Jan 2017 14:09
(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w
Read moreEasyJet flies lower on Goldman, Davy downgrades; IAG gets a boost
27th Jan 2017 08:36
(ShareCast News) - Shares in budget airline easyJet flew lower on Friday as Goldman Sachs and Davy downgraded their stances on the stock. Goldman downgraded easyJet to 'neutral' from 'buy' and cut the price target to 970p from 1,160p, citing a deteriorating free cash flow outlook. The bank said ong
Read moreWednesday broker round-up
25th Jan 2017 09:59
(ShareCast News) - Paddy Power: Barclays reiterates Overweight with a target price of 110p. Reckitt Benckiser: Berenberg upgrades to Buy with a target price of 7,900p. Crest Nicholson: Deutsche Bank reiterates Hold with a target price of 564p. BT Group: Citi reiterates Buy with a target price of 4
Read moreEasyJet's revenue grows as it reduces costs to tackle weak sterling
24th Jan 2017 07:04
(ShareCast News) - EasyJet reported a "solid" first quarter with revenue, costs and passengers numbers in line with expectations, as the budget airline said the effects of weak sterling and fuel prices was worse than it expected. Passenger numbers rose 8.2% to 17.4m for the quarter ended 31 December
Read moreTuesday preview: Easyjet reports first quarter results
23rd Jan 2017 14:23
(ShareCast News) - Easyjet is expected to report broadly flat first quarter revenue on Tuesday as the budget airline faced challenges including a weaker pound and terrorist attacks in Europe. UBS predicts first quarter revenue of £932m, broadly unchanged from the same period in the previous year at
Read moreFriday newspaper round-up: EasyJet, Ofgem, Brexit, Rolls-Royce
20th Jan 2017 07:24
(ShareCast News) - A French court on Thursday fined British low-cost airline easyJet €60,000 (£52,000) for having refused to allow a disabled passenger to board for "security" reasons. The criminal court in Bayonne, southern France, heard that staff at the budget carrier refused to allow Joseph Etch
Read moreAirline bosses report sky high operating costs but remain optimistic for 2017
19th Jan 2017 15:29
(ShareCast News) - The International Air Transport Association has released research suggesting a challenging environment for airlines, including lower passenger yields and an increase in operating costs. According to the organisation, almost two-thirds of respondents to its survey of industry leade
Read moreEasyJet's passenger numbers jump 15% in December
6th Jan 2017 07:05
(ShareCast News) - Budget airline easyJet's passenger numbers and load factor improved in December. The FTSE 100 company's passenger numbers jumped 15.1% to 5.57m last month, compared to the same month the previous year. Meanwhile the load factor - the number of passengers as a proportion of the nu
Read moreFTSE 100 movers: Centrica rallies while miners in the doldrums
15th Dec 2016 14:49
(ShareCast News) - The FTSE 100 index was up 0.72% to 6,999.01 points in the late afternoon. Bank stocks rose after the Fed raised interest rates 25 basis points and struck a more hawkish tone than expected, signalling three hikes next year. RBS shares gained as a result. Centrica advanced as it pu
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