EasyJet February traffic up but load factor slips
4th Mar 2016 07:37
(ShareCast News) - Low-cost airline EasyJet reported a rise in passenger numbers in February but a slip in the load factor. EasyJet carried 4.93m passengers last month, up 9.8% from February 2015. However, the load factor - which gauges how many seats were actually taken up on flights - slipped to 9
Read morePound weakens on EU referendum uncertainty as Boris Johnson backs Leave
22nd Feb 2016 08:44
(ShareCast News) - Sterling fell to a seven-year low on Monday as several leading Tory figures stated their opposition to David Cameron's proposal to remain in a reformed European Union. Several ministers, including some of the prime minister's closest friends, have so far said they would campaign
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreSunday newspaper round-up: HSBC, Glencore, easyJet
7th Feb 2016 20:18
(ShareCast News) - HSBC's board is expected to come to a decision on the location of its headquarters in the coming days after an unexpectedly long-running review of the future of the British-based bank. Bosses launched the review last year and initially expected to reach a conclusion by the end of
Read moreFTSE 100 movers: Anglo surges as miners rise
4th Feb 2016 14:22
(ShareCast News) - The FTSE 100 had turned things around on Thursday, with the blue chip market in the green by mid-afternoon for the first time this week, up 33.66 points (0.58%) to 5,870.80. Miners were the biggest risers of the day as commodity prices rose as well as Asian stocks. Anglo American,
Read moreEasyJet January passenger numbers up but load factor dips
4th Feb 2016 07:37
(ShareCast News) - Budget airline EasyJet's passenger numbers rose 6.3% in January compared with the same month in 2015 to 4.28m. However, the load factor - which gauges how many seats were actually taken up on flights - nudged down to 85% from 85.1%. On a rolling 12-month basis, passenger numbers
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreHSBC ups easyJet ahead of May balance sheet review
27th Jan 2016 09:09
(ShareCast News) - HSBC upgraded easyJet to 'hold' from 'reduce', lifting the target price to 1,575p from 1,500p following the recent share price correction and ahead of the company's balance sheet strategy presentation in May. The bank said it remains cautious towards the low-cost carrier sector in
Read moreFTSE 100 movers: Miners dominate as market claws back losses
26th Jan 2016 13:43
(ShareCast News) - After starting the day in the red, the FTSE 100 clawed back to even territory by rising 3.09 points (0.05%) to 5,880.09 by mid-afternoon. Miners dominated the risers list as oil prices stayed above $30 a barrel and gave the market some confidence. At 1416 GMT, Brent crude had rise
Read moreLondon pre-open: Stocks seen lower on weak US and Asian cues as oil drops
26th Jan 2016 07:29
(ShareCast News) - London stocks are expected to open lower on Tuesday, tracking weakness in the US and Asia amid sliding oil prices. The FTSE 100 is seen starting 47 points lower than Monday's close at 5,830. "The oil market continues to take no prisoners as no sooner had we seen a sharp move ab
Read moreSharm el-Sheikh and Paris attacks hit easyJet's revenue
26th Jan 2016 07:05
(ShareCast News) - The Sharm el-Sheikh disaster and the Paris attacks have hit easyJet's revenue for the three months to 31 December. The budget airline said in a trading statement on Tuesday that the tragic events resulted in lower demand and yield in November and December, offsetting strong revenu
Read moreFrance air traffic controller strike hits Ryanair, Easyjet
25th Jan 2016 15:34
(ShareCast News) - French air traffic control (ATC) unions will join fellow public sector workers in industrial action from Monday evening, sending shares in airline companies lower in London. French ATC unions confirmed they will go on strike from 1900 Paris time on Monday until 0600 on on Wedne
Read moreTuesday preview: easyJet reports first quarter interims
25th Jan 2016 12:59
(ShareCast News) - easyJet reports its first quarter interims on Tuesday with analysts expecting a positive update on traffic growth and cost reductions. In early January the budget airline reported that traffic suffered initial weakness in December following the terrorist attacks in but had recover
Read moreS&P assigns BBB+ rating to easyJet's long-term debt
15th Jan 2016 16:30
(ShareCast News) - EasyJet had a solid competitive position and was set to see strong profitability over the next two years, the world's most prestigious debt rating agency said on Friday. The company's low-cost model and relatively young aircraft fleet supported the company's operating efficiency,
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