EasyJet flies lower on Q3 revenue drop, uncertain outlook
21st Jul 2016 07:34
(ShareCast News) - Budget airline EasyJet posted a drop in revenue per seat and total revenue for the third quarter amid difficult trading that was hit by the terror attack in Brussels and the Egyptair tragedy. For the quarter ended 30 June, total revenue per seat was down 8.3% at constant currency
Read moreWednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreTuesday broker round-up
19th Jul 2016 12:59
(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ
Read morePassenger numbers ascend, but cancellations almost double at easyJet
6th Jul 2016 07:38
(ShareCast News) - Low cost airline easyJet reported a 5.8% jump in passengers for the month of June on Wednesday, with 6.94m customers taking to their orange jets, compared with 6.56m in June 2015. The FTSE 100 firm's load factor for the month was 94.1%, up 1.4 percentage points from the 92.7% figu
Read moreEasyJet said to be in talks about moving HQ outside UK
1st Jul 2016 10:55
(ShareCast News) - EasyJet has reportedly opened talks with EU member states' aviation regulator about relocating its headquarters from the UK following the vote to leave the EU. According to Sky, chief executive Carolyn McCall has indicated in private meetings this week that moving the legal HQ out
Read moreLondon close: Stocks still trying to find their footing
27th Jun 2016 16:41
(ShareCast News) - London stocks took another hit, with traders for now largely ignoring attempts by George Osborne to reassure global investors, as financial markets continued to look for answers to the current uncertainty, both economic and political. The FTSE 100 closed down by 158.40 points or 2
Read moreEasyJet warns on profit and revenue from Brexit and other disruptions
27th Jun 2016 08:18
(ShareCast News) - EasyJet warned that profits were lower than expected in the third quarter and that UK decision to Leave the EU is likely to mean revenues in the second half of the year will be lower than last year, while costs will be £25m higher due to oil and currency movements. Following the B
Read moreSunday share tips: EasyJet, Randgold, Imperial Brands, AstraZeneca
26th Jun 2016 14:03
(ShareCast News) - Sell EasyJet shares due to the likely turbulence sparked by the Brexit vote, said the Sunday Times' Inside the City column. The budget airline was created by Stelios Haji-Ioannou in the wake of the 1992 European Union Treaty on Open Skies, one of the supposedly rare bits of Brusse
Read morePrivate investors using Brexit selloff as buying opportunity, says Hargreaves Lansdown
24th Jun 2016 14:15
(ShareCast News) - Private investors are using Friday's Brexit-fuelled stock market selloff as a buying opportunity, according to Hargreaves Lansdown's senior analyst, Laith Khalaf. He said 80% of the trades placed through HL's share dealing service were purchases, compared to 60% on an average day.
Read moreEasyjet urges Westminster, EU Commission to secure UK access to EU aviation market
24th Jun 2016 10:28
(ShareCast News) - Executives at EasyJet wrote on Friday to the UK government and the European Commission asking them to prioritise Britain remaining a part of the European Union's aviation market. Management also expressed "confidence" that the vote would not have a material impact on its strategy
Read moreLeave vote would have limited impact on FTSE, says SpreadCo analyst
21st Jun 2016 13:12
(ShareCast News) - Although consensus is that the FTSE 100 will rally if voters in the UK opt to remain in the European Union on Thursday and sell off on a Leave vote, the overall impact of an exit on London stocks may be limited, said SpreadCo analyst David Morrison. "The damage to the FTSE100 as a
Read moreAirlines warn of cancellations as French controllers strike
14th Jun 2016 11:10
(ShareCast News) - Football fans flying to Euro 2016 in France have been warned to expect possible disruption, as French air traffic controllers prepare to strike. Lobby group Airlines for Europe (A4E) - which represents carriers including easyJet and British Airways owner IAG - said more than 100 f
Read moreSunday newspaper round-up: Brexit warnings, Rio Tinto copper, Sports Direct
12th Jun 2016 17:19
(ShareCast News) - The Bank of England will face huge pressure to cut interest rates to new lows if Britain opts to quit the EU, according to international investors cited by the Sunday Times. With online and phone polls indicating the result is too close to call, fears that a Brexit vote could dera
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreeasyJet May passenger numbers up 5.7%
6th Jun 2016 07:02
(ShareCast News) - Passenger numbers at low cost carrier easyJet rose 5.7% in May to 6.86m despite 173 cancellations due to French air traffic control strikes and weather conditions. Load factor for the month fell 0.1 percentage points to 91.5. Year-on-year passengers were up 7.3% to 71.5m, while t
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