EasyJet's director increases his stake
11th Aug 2011 12:30
EasyJet's director Sir Michael Rake has reached into his back pocket to purchase 3,108 shares in his company. The shares, bought at 319.184p each, brings Sir Rake's total to 12,308, representing a 0.0029% stake in the budget airline. Sir Rake joined the board in 2009 and took up his current po
Read moreEasyJet to discuss director removal after Stelios pressure
8th Aug 2011 07:08
Budget airline easyJet has granted founder and major shareholder Sir Stelios Haji-Ioannou's request to hold an extraordinary meeting to vote on the removal of outgoing senior independent director Sir David Michels. Sir Stelios wrote to easyJet's board to question why Sir David, who is standing down
Read moreLondon midday: Stocks back in the red as Lloyds gives up gains
4th Aug 2011 12:05
Stocks are back in the red now after giving up this morning's partial recovery. Investors have turned sour on Lloyds Banking's results having earlier applauded them. The headline items are a £3.2bn provision for potential claims relating to the mis-selling of payment protection insurance, and under
Read moreeasyJet gets bums on seats
4th Aug 2011 08:40
Low cost airline, easyJet, said its passenger numbers for July continued to grow, with total numbers rising 8% on the year before. In a statement the company said 5,427,112 people flew in July, up from 5,021,838 a year before. It said it had filled 91.7% of available seats, up slightly from 90.9%
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreFTSE 250 movers: easyJet makes a smooth landing
22nd Jul 2011 15:40
No frills airliner easyJet reported strong demand in its July-September quarter and expects full-year pre-tax profits to fall in the range of £200m to £230m, assuming normal market conditions. Shares of the company soared nearly 15% and were the top gainer on the mid-cap stock index. Second half to
Read moreLondon pre-open: Footsie sets sights on 5950
22nd Jul 2011 07:39
London is set to celebrate yesterday's agreement on a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund, though the gains are not as wild as might be expected, given that details of the agreement had been leaked throughout yesterday and so had already been priced into
Read moreStrong finish to year on the runway for easyJet
22nd Jul 2011 07:01
Assuming normal market conditions, no frills airline easyJet expects full-year pre-tax profits to fall in the range of £200m to £230m. Market consensus is for an adjusted profit before tax of £183.1m. Shares roared 14.17% ahead to trade at 357p at 13:05 on Friday afternoon. easyJet has seen strong
Read moreEasyJet hits back at Stelios claims
18th Jul 2011 17:32
Budget airline easyJet has responded to founder and shareholder Sir Stelios Haji-Ioannou's complaints about its expansion plans, saying it rejects all of his allegations of wrongdoing and inviting him for a private meeting with the chairman. In a letter released to the London Stock Exchange last we
Read moreSir Stelios goes to war with easyJet management again
13th Jul 2011 10:15
The ongoing war of words between easyJet founder Sir Stelios Haji-Ioannou and the airline's management has exploded again over plans to expand easyJet's fleet. In a letter released to the London Stock Exchange this morning, Sir Stelios - who is chairman of easyGroup Holdings - accused easyJet direc
Read moreWednesday tips round-up: Yell, Vectura, Computacenter...
13th Jul 2011 06:45
Is there something to Yell about at last for yet another business struggling to cope with the impact of the internet revolution? asks the Independent. To be sure, investors in the company have had a torrid time in recent years. All of a sudden, however, the shares are showing signs of life. What's d
Read moreTwo Ovoca directors sell shares totalling £1.84m
11th Jul 2011 17:25
Two companies controlled by board members of Ovoca Gold have cut their stakes in the Russia-focused gold miner in two transactions totalling £1.84m. On 8 July, Salyco Trading Company, a firm controlled by Ovoca's executive chairman Mikhail Mogutov, sold over 2.37m ordinary shares at a price of 40p
Read moreEasyjet passenger numbers up
6th Jul 2011 08:10
Easyjet, the no-frills airline, saw a 9.1 percent growth in passengers for June. In June of this year 4,952,305 people flew with the airline compared to 4,537,959 in the same month last year. Over the last 12 months the budget carrier has flown 53,356,353 passengers; that's up from 47,637,797
Read moreBroker snap: Barclays still bullish on airlines
29th Jun 2011 13:20
The European airline sector is benefiting from the recent drop in crude oil prices, according to Barclays Capital, providing an extra reason to remain bullish on the sector. The British broker signals that even with an overly cautious hypothesis over the relationship between oil prices and revenue,
Read moreAir France has the potential to rise 24%, according to Citi
24th Jun 2011 11:21
Thursday's decline in crude oil prices following the announcement that the International Energy Agency (IEA) will free up 60 million barrels from strategic reserves put the airline sector in the spotlight. As a result, airline stocks were wanted Friday with Travel & Leisure as the third most bull
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