JPMorgan downgrades easyJet to 'underweight'
15th Jul 2022 11:12
(Sharecast News) - JPMorgan Cazenove downgraded easyJet to 'underweight' from 'neutral' on Friday and slashed the price target to 310p from 625p, arguing that non-fuel costs could continue to disappoint, as it took a look at European airlines.
Read moreFTSE 250 movers: JD Wetherspoon plumbs fresh low, Clarkson at technical resistance
13th Jul 2022 17:10
(Sharecast News) - JD Wetherspoon led the second-tier index lower following an update that analysts at ShoreCap said revealed "sluggish" trading.
Read moreSunday newspaper round-up: Capita, EasyJet, ZeroAvia
10th Jul 2022 13:49
(Sharecast News) - The man brought in to turn around outsourcer Capita's fortunes sounded a far more chipper note in an interview. Since late 2017, the company has sold off large chunks of the business, while trying to position itself as a technology outfit in areas such as artificial intelligence and running chatbots for firms such as O2. Staff levels have been slashed from 73,000 to 52,000 and debt brought down to a level that is easier to manage. But the key change has been in the firm's corporate culture, according to Lewis. It now emphasises client relationships. Lewis also sounded a positive note on the outlook for the share price, predicting that it would be back at its pre-rights issue level in the next year or two. - Financial Mail on Sunday
Read moreEasyJet COO Peter Bellew resigns
4th Jul 2022 11:32
(Sharecast News) - Easyjet said on Monday that Peter Bellew resigned as chief operating officer on Friday 1 July to pursue other business opportunities.
Read moreEasyJet's Spanish cabin crew to strike amid ongoing pay dispute
21st Jun 2022 12:38
(Sharecast News) - Low-cost carrier EasyJet's Spanish cabin crew intends to strike for nine days in July as part of an effort to secure better wages.
Read moreEasyJet to buy 56 A320neo planes from Airbus
21st Jun 2022 07:01
(Sharecast News) - Budget airline easyJet on Tuesday said it was buying 56 Airbus A320neo aircraft for delivery between 2026 and 2029.
Read moreEasyJet cuts more flights to mitigate travel chaos
20th Jun 2022 07:02
(Sharecast News) - Low-cost airline easyJet said it was cutting more flights this summer and faced higher-than-expected costs as a result of staff shortages across the industry that has led to travel chaos at most British airports.
Read moreEasyJet flies higher as BofA Merrill Lynch reiterates 'buy' rating
20th May 2022 13:57
(Sharecast News) - EasyJet rallied on Friday after Bank of America Merrill Lynch reiterated its 'buy' rating on shares of the budget airline.
Read moreEasyJet sees Q3 bookings at 90% of pre-Covid levels as losses narrow
19th May 2022 07:03
(Sharecast News) - Budget airline easyJet said it expected third-quarter capacity to be 90% of pre-pandemic levels as it narrowed half-year loses.
Read moreThursday preview: Philly Fed survey, Easyjet in the spotlight
18th May 2022 12:23
(Sharecast News) - Another batch of US economic data on Thursday may help to further shape the ongoing debate around recession risks in the US towards the end of 2022.
Read moreSunday newspaper round-up: Vodafone, Bank of England, Ukrainian grain
15th May 2022 15:02
(Sharecast News) - State-controlled Emirates Telecommunications Group has amassed a 9.8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst., Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans. The company, which is due to present results on Tuesday, was already facing calls from some of its main shareholders to slim its operations and boost returns. - The Financial Times on Sunday
Read moreSector movers: Travel and Leisure boosted as airlines put pandemic behind them
14th Apr 2022 19:26
(Sharecast News) - Travel stocks paced gains on the stock market at the end of the holiday-shortened week, led by WizzAir after the Eastern Europe-focused low cost carrier told investors that it was putting the pandemic behind it.
Read moreEasyJet sees strong summer bookings after improved Q2
12th Apr 2022 07:02
(Sharecast News) - Low-cost airline easyJet reported improved trading in the second quarter after the removal of Covid travel restrictions, adding that summer bookings were tracking ahead of pre-pandemic 2019.
Read moreSunday newspaper round-up: Civil service, Inmarsat, Green hydrogen
10th Apr 2022 23:28
(Sharecast News) - Stock market listings have taken a big hit as a result of the war in Ukraine and the jump in energy prices. Over the first quarter of 2022, 19 firms have debuted on the London Stock Exchange, five more than in the corresponding period of the year before. But they raised just £397m, against £5.6bn in the first quarter of 2021, some 14 times more. Globally, listings halved during the same period to reach just 321 for £41.8bn in funds raised and EY expects the weakness to stretch into the second quarter. - The Financial Mail on Sunday
Read moreEasyJet cancels around 100 flights due to Covid related absences
4th Apr 2022 08:27
(Sharecast News) - Low-cost carrier EasyJet and national carrier British Airways revealed on Monday that they had been forced to cancel approximately 100 flights each due to higher than usual levels of Covid-19 related staff absences.
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