Global airline profits will rise on lower fuel prices in 2016, Moody's says
15th Jan 2016 14:44
(ShareCast News) - Global airline industry profits will remain strong amid lower fuel prices in 2016, supporting a positive outlook on the industry for the next 12 to 18 months, according to Moody's. In a note to clients, the ratings agency opined that the airline industry's operating margin could t
Read moreBarclays downgrades easyJet, tags RyanAir as 'top pick'
12th Jan 2016 14:20
(ShareCast News) - Airlines might be set to trounce analysts' earnings forecasts courtesy of the oil price at 12-year lows, although there were some risks in the marketplace, Barclays told clients on Tuesday. The market could be expected to take a "cautious" view on the 'temporary' boost to profits
Read moreFTSE 100 movers: Tesco leads market on positive broker note
8th Jan 2016 14:17
(ShareCast News) - London's blue-chip market was still in the black by mid-afternoon Friday, recovering some of the week's losses, with the FTSE 100 was up 19.22 points (0.32%) to 5,973.30 points. Tesco led the risers as Barclays upgraded the stock to 'overweight' from 'equalweight'. It said recent
Read moreMoody's pegs easyJet's inaugural rating at Baa1 with 'stable' outlook
8th Jan 2016 11:46
(ShareCast News) - Moody's has assigned an inaugural Baa1 long-term issuer rating to budget airline easyJet, with a 'stable' outlook. In a note to clients, Moody's said the Baa1 rating is supported by the company's strong business profile with a broad and dense network across Europe. Sven Reinke, s
Read moreParis attacks dampen easyJet passenger loads
7th Jan 2016 07:12
(ShareCast News) - Aircraft were emptier at easyJet in December, as the Luton-based airline felt the effects of a French leisure market muted by terrorism. The FTSE 100 firm flew 4,848,258 passengers in December 2015, up from 4,634,977 a year earlier - an increase of 4.6%. EasyJet's load factor was
Read moreFTSE 100 movers: Whitbread downgrade sends market in the red
4th Dec 2015 14:31
(ShareCast News) - The London markets continued to slide on the back of yesterday's ECB announcement as well as news from OPEC and the US jobs report. The market was down 33.84 points (0.54%) to 6,241.16 by mid-afternoon Friday. Premier Inn and Costa Coffee owner Whitbread was one of the bigger fal
Read moreLondon open: Equities follow European counterparts in the red amid lack of data
4th Dec 2015 08:26
(ShareCast News) - UK stocks kicked off the final session of the week on a downbeat note, as they followed their European counterparts into the red after the European Central Bank's latest policy measures left investors disappointed. At 0840 GMT, the FTSE 100 was down 0.26% to 6,258.45. The pound, m
Read moreeasyJet sees increase in November passenger numbers despite flight cancellations
4th Dec 2015 07:10
(ShareCast News) - Despite the situation in Sharm el-Sheikh and heavy fog at the beginning of November, easyJet has reported a 9.6% increase in passengers for the month. The low-cost airline released its passenger statistics for the month and said it carried 4.8m passengers in the month, up from 4.4
Read moreEasyJet shares stall on Kepler downgrade
20th Nov 2015 14:47
(ShareCast News) - EasyJet shares stalled on Friday as Kepler Cheuvreux cut its rating on the stock to 'reduce' from 'hold' and chopped the price target to 1,450p from 1,697p. It noted the share price is currently at the same level at which it initiated coverage with a 'hold' on 3 March 2014. Since
Read moreFTSE 100 movers: Glencore's reported Libya deal sends shares soaring
20th Nov 2015 14:18
(ShareCast News) - Despite a quiet day news-wise on the markets, the FTSE 100 was up marginally by mid-afternoon Friday to 6,345.49 - a 15.56 point rise (0.25%). Glencore surged on reports that it has agreed a deal to buy as much as half of the oil Libya currently exports as it looks to offset decli
Read moreLondon pre-open: Stocks to jump at start of day as euro slips
17th Nov 2015 07:54
(ShareCast News) - Stocks are expected to jump at the opening bell, with all eyes still very much on the geopolitical and economic fall-out from the attacks against Paris over the weekend. The Footsie is seen starting the day up to 99 points up from Monday's close of 6,146.38. French Prime Ministe
Read moreEasyJet profit soars 18% as passenger numbers grow
17th Nov 2015 07:05
(ShareCast News) - EasyJet posted an 18% rise in full year pre-tax profit as revenue and passenger numbers grew, and expressed confidence over the long-term outlook for the business. For the year to the end of September, pre-tax profit came in at £686m from £581m, on revenue of £4.69bn, up 3.5% from
Read moreTuesday preview: CPI data due as British Land and Easyjet report
16th Nov 2015 15:07
(ShareCast News) - While markets are likely to be less focused on data alone this week in light of the Paris attacks and geopolitical tensions, Tuesday sees the publishing of consumer price inflation in the UK and US. UK 'core' CPI inflation rate is widely expected to have fallen further into negati
Read moreMonarch Airlines extends Sharm el-Sheikh suspension
13th Nov 2015 14:20
(ShareCast News) - British sun-seekers longing for Sharm el-Sheikh will face another delay, it was announced by Monarch Airlines on Friday. The Luton-based holiday airline had suspended its flights to the Egyptian resort last week on the advice of the Foreign and Commonwealth Office, in the wake of
Read moreeasyJet trials wearable technology in crew uniforms
10th Nov 2015 14:55
(ShareCast News) - easyJet will trial new uniforms for its crew that incorporate wearable technology. The new uniforms for cabin crew and engineers, which were created with interactive fashion company CuteCircuit, were unveiled as part of the FTSE 100 budget airline's 20th birthday. The cabin crew
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