UPDATE: easy Jet raises guidance but warns on fuel
22nd Sep 2011 12:25
No-frills airline easyJet has raised full-year profits guidance, paving the way for a bumper special dividend, but it warned its 2012 fuel bill will increase by around £220m compared to the prior year. The introduction of the Emissions Trading Scheme and higher costs at regulated airports in Spain
Read moreLondon midday: Slide continues
22nd Sep 2011 12:04
The FTSE 100 has continued diving and now looks in danger of dipping below the 5,000 point mark as comments from the US Federal Reserve last night continue to jangle nerves. Miners Xstrata and Kazakhmys are now posting double-digit percentage losses. Luxury fashion group Burberry is also nursing he
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreLondon open: Early dive for FTSE 100
22nd Sep 2011 08:28
Stocks have come in for heavy selling in early dealings after the US Federal Reserve yesterday painted a gloomy picture of the growth prospects for the world's largest economy. "Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow,"
Read moreLondon pre-open: Tin hats at the ready
22nd Sep 2011 07:18
Traders are strapping on their tin hats in expectation of a barrage of sell orders after the US Federal Reserve yesterday painted a gloomy picture of the growth prospects for the world's largest economy. "Information received since the Federal Open Market Committee met in August indicates that econ
Read moreeasyJet raises guidance but warns on fuel
22nd Sep 2011 07:04
No-frills airline easyJet has raised full-year profits guidance, paving the way for a bumper special dividend, but it warned its 2012 fuel bill will increase by around £220m compared to the prior year. The introduction of the Emissions Trading Scheme and higher costs at regulated airports in Spain
Read moreBroker tips: Lloyds, Britvic, Airlines...
19th Sep 2011 12:29
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. "Tim Tookey's departure represents a de facto clean sweep of the executive team inherited by new chief executive officer Antonio Horta Osorio when he arriv
Read moreBroker snap: RBS cuts airline figures across the board
19th Sep 2011 12:08
RBS has cut its target prices for airline peers easyJet, International Consolidated Airlines (IAG), Ryanair and Flybe, after assessing August traffic data across the industry. "Airlines may, or may not, be on the cusp of an inflection point in trading. Cargo results are deteriorating. Passenger dat
Read moreLondon close: Stocks dive on euro worries
9th Sep 2011 16:55
The volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
Read moreEasyJet reports rise in passengers for August
6th Sep 2011 07:03
Budget airline easyJet announced a 6.5% like-for-like year-on-year increase in the number of passengers boarding its planes for the month of August. Despite the increase in the number of passengers carried, the load factor - a measure of how full each plane is - saw a 0.1 percentage point decrease
Read moreEasygroup calls for Easyjet director removal
5th Sep 2011 16:28
Easygroup, the company owned by the founder of budget airline Easyjet Stelios Haji-Ioannou, has demanded a shareholder meeting to demand the removal of Rigas Doganis from Easyjet's board. Easygroup, which operates budget services such as Easybus and Easyhotel and has a large stake in Easyjet, is u
Read moreSunday newspaper round-up: Easyjet, Bank of England, BP
28th Aug 2011 17:51
Directors at Easyjet are weighing the payment of a one-off special dividend in November to cool a row with Sir Stelios Haji-Ioannou, the airline's founder and biggest shareholder.The budget airline has never paid a dividend in its 11-year history as a quoted company. Last year The Sunday Times revea
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