Broker tips: Easyjet, Royal Mail, Thomas Cook
12th May 2015 11:21
Easyjet's share price dropped back down to earth on Tuesday after the budget airline delivered a cautious outlook, with the market consensus stance on the stock as a 'buy' likely to come under pressure. "Given that the shares have risen 19% over the last six months alone, as compared to a 6% hike fo
Read moreEasyjet still a 'buy' but turbulence prompts profit taking
12th May 2015 09:10
Easyjet's share price dropped back down to earth on Tuesday after the budget airline delivered a cautious outlook, with the market consensus stance on the stock as a 'buy' likely to come under pressure. The budget airline met its own guidance with a first-half profit before tax of £7m, compared with
Read moreLondon open: Greek concerns hit stocks, Easyjet sinks
12th May 2015 09:05
UK stocks plunged into the red on Tuesday morning on concerns about Greece and bond-market volatility, while blue chip budget airline Easyjet disappointed investors with its full-year outlook. The FTSE 100 was trading 1.04% lower at 6,956.41 early on ahead of data which is forecast to show that UK i
Read moreLondon pre-open: Greek concerns to weigh on stocks early on
12th May 2015 07:40
UK stocks are set for a lower open on Tuesday as concerns about Greece continue to dampen investor sentiment. City sources predict the FTSE 100 will open 10 points lower than Monday's close of 7,029.85. Athens met the latest deadline to repay the International Monetary Fund €750m, though that didn'
Read moreEasyjet swings to first-half profit, but full-year outlook tough
12th May 2015 06:52
Budget airline Easyjet met guidance after swinging to a small profit in the first half, though it faces tougher conditions in the latter part of the year. The company reported a £7m profit for the six months ended 31 March, compared with a £53m loss last year. After upwardly revising earlier guidan
Read moreTuesday preview: Easyjet reports first half interims
11th May 2015 15:30
Easyjet is expected to swing to a first-half profit on the back of higher revenues as passenger numbers increased and the company benefitted from the drop in fuel prices. Numis predicts a pre-tax profit of £7.5m for the six months to 31 March, compared to the previous year's loss of £53m. At the ti
Read moreLondon close: Late rally not enough as UK stocks fall on election day
7th May 2015 16:33
Stocks rallied off five-week lows on Thursday afternoon but still finished firmly in the red, as election-day jitters in the UK and volatility in the European bond markets weighed on sentiment. The FTSE 100 ended the session down 0.67% at 6,886.95 having dropped as much as 1.8% in the morning sessio
Read moreFTSE 100 movers: Morrisons sinks 6% as sales decline continues
7th May 2015 15:06
Morrisons was the standout mover of the day on Thursday as investors reacted to deteriorating sales trends at the grocer in its first quarter. Like-for-like sales dropped 2.9% in its first three months of the fiscal year, compared with a lesser 2.6% fall in the fourth quarter. Results were not as ba
Read moreLondon open: Election uncertainty weighs on stocks, Morrisons sinks
7th May 2015 09:11
UK stocks dropped on Thursday as election uncertainty and a poorly-received update from blue chip supermarket chain Morrisons dampened sentiment. The FTSE 100 was down 0.8% at 6,878.01 early on, with Morrisons leading the decline as sales trends worsened in its first quarter. Stocks in the resources
Read moreLondon pre-open: Stocks set to fall as UK election voting kicks off
7th May 2015 07:32
Stocks are set for a lower open on Thursday as UK voters head to the polls in one of the most unpredictable elections in decades. City sources predict the FTSE 100 will open 25 points lower than Wednesday's close of 6,933.74 with UK markets expected to track losses in the US and Asia overnight. Ana
Read moreFrench air-traffic strikes limit April passenger growth at Easyjet
7th May 2015 07:18
Annual traffic growth at Easyjet slowed sharply in April as the company was forced to cancel hundreds more flights than last year. The budget airline cancelled 602 flights last month, compared with just 48 in April 2014. "The increase in cancellations was largely driven by air traffic control strik
Read moreFTSE 100 movers: Sky rockets on Q3 results, miners and oils stocks lower
21st Apr 2015 13:44
Sky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits. Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% j
Read moreLondon open: FTSE pulls back from all-time high as mining stocks decline
13th Apr 2015 08:22
London's FTSE 100 retreated from a fresh record on Monday morning as investors took profits ahead of a busy week for global financial markets, with shares in the mining sector in particular under pressure. The Footsie was trading 0.24% lower at 7,072.78 early on after settling at a new all-time clos
Read moreLondon pre-open: FTSE to retreat from record, Chinese exports sink
13th Apr 2015 07:45
After surging to a new record high, UK stocks are expected to pull back slightly on Monday ahead of a busy week for global financial markets. City sources predict the FTSE 100 will open 15 points lower than Friday's close of 7,089.77. "The week ahead in the financial markets will certainly be an in
Read moreEasyJet hires Halfords' finance chief
13th Apr 2015 07:32
Low cost air carrier EasyJet on Monday appointed former finance executive from Halfords on its management board. Andrew Findlay, is to become chief finance officer at EasyJet by the end of October. He joins from Halfords where he was CFO. Before that, Findlay was director of finance, tax and treasu
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