Easyjet passenger traffic fails to take off in January
5th Feb 2015 08:17
Passenger numbers were flat at budget airline Easyjet in January, while planes were not as full as they were a year earlier. The carrier flew just over 4.02m customers last month, representing no change from January 2014. Because Easyjet is a no-refund airline, it measures passengers as the number
Read moreLondon close: Stocks finish choppy session higher as oil stocks gain, CRH jumps
2nd Feb 2015 17:19
A late rebound ensured that UK stocks finished firmly in positive territory on Monday, though trading was choppy as investors digested mixed manufacturing data from across the globe and a rebound in oil prices. After swinging between gains and losses for most of the session, London's FTSE 100 closed
Read moreFTSE 100 movers: CRH surges on Holcim and Lafarge deal, Easyjet and IAG hit by rising oil prices
2nd Feb 2015 14:07
Irish building materials group CRH rose nearly 6% after confirming it will spend €6.5bn on assets from Holcim and Lafarge as the two European cement makers dispose of operations to win approval for their merger. CRH said it expected the deal to make it the "global number-three building materials pla
Read moreLondon midday: Stocks trim gains, but CRH and Tullow surge
2nd Feb 2015 12:06
CRH and energy stocks pushed the FTSE 100 higher by Monday lunchtime, though gains were pared as investors digested data and watched developments in Greece. London's benchmark index was up 0.3% at 6,771 by midday, having pulled back after hitting a high of 6,795.52 early on. CRH was on the rise aft
Read moreLondon open: CRH and oil stocks lift FTSE 100 ahead of PMI data
2nd Feb 2015 09:13
Strong gains from CRH and a host of oil stocks pushed UK markets higher on Monday, as investors awaited a host of manufacturing data from across the globe. London's FTSE 100 was up 0.4% at 6,777 early on. CRH was on the rise after agreeing a deal to buy assets from Holcim and Lafarge, while energy
Read moreEasyJet backs Heathrow expansion
30th Jan 2015 14:51
Budget airline easyJet has backed plans for a runaway expansion at Heathrow Airport, just days before the Airports Commission is set to deliver its verdict on the future of London's airports. The government has been evaluating the ramifications of building another runway at Heathrow compared to the
Read moreBroker tips: Shell, Easyjet, Standard Life
29th Jan 2015 12:45
Charles Stanley has cut its recommendation for Royal Dutch Shell from 'buy' to 'accumulate', saying it sees less upside after fourth-quarter profits came in well below forecasts. The broker said: "The strong balance sheet will take the strain as Shell begins to reduce capital expenditure and operati
Read moreBarclays upgrades Easyjet after strong first quarter
29th Jan 2015 12:41
Easyjet's shares were flying higher on Thursday after analysts at Barclays Capital upgraded their stance on the stock from 'equalweight' to 'overweight' and hiked their target price from 1,850p to 2,150p. The positive move came after the airline's stronger first-quarter update on Tuesday which showe
Read moreFTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
27th Jan 2015 13:32
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreBroker tips: HSBC, Eastyjet, Dixons Carphone
27th Jan 2015 12:28
HSBC's share price was under pressure on Tuesday after broker Investec lowered its rating for the stock from 'add' to 'hold', saying that the bank's upcoming fourth-quarter results could disappoint. The broker said that a weak showing from the bank on 23 February will "trigger downgrades", as it low
Read moreLondon midday: Airlines rise, but FTSE lower after weak data, macro concerns
27th Jan 2015 12:01
Weaker-than-expected UK data and concerns over Russia weighed on London's stock exchange on Tuesday, as the market pulled back from its highest level in over four and a half months. US stock futures were also heading lower ahead of the opening bell on Wall Street as tech giant Microsoft underwhelmed
Read moreNumis welcomes "encouraging" Q1 update from Easyjet, maintains 'buy'
27th Jan 2015 10:54
Broker Numis Securities said it expects upgrades to consensus estimates for Easyjet after the budget airline impressed the market with its first-quarter update and positive outlook on Tuesday. Easyjet said seats flown rose 2.9% year-on-year in the three months to 31 December 2014, while passengers c
Read moreLondon open: Markets pause ahead of UK GDP, but airlines rise
27th Jan 2015 08:53
UK stocks opened flat on Tuesday with gains in the airline and mining sectors offset by falling bank shares, as markets paused at a fresh four-month high. London's FTSE 100 was down just 0.01% at 6,851.55 early on after settling at 6,852.40 on Monday, its best finish since 5 September 2014 when it c
Read moreEasyjet impresses with positive outlook after strong first quarter
27th Jan 2015 07:52
Shares in Easyjet ascended on Tuesday after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". Se
Read moreSector movers: Energy stocks and airlines lead advance
26th Jan 2015 18:45
Energy stocks finished the session higher after the secretary general of the Organisation for Petroleum Exporting Countries (OPEC) warned that the price of crude could rebound as high as $200, if circumstances forced the hand of producers, way higher than the record-high of $147 a barrel it hit in 2
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