Broker tips: WizzAir, Pearson, Glencore
1st Oct 2015 16:50
(ShareCast News) - Thanks to its high profitability and niche position low-cost carrier Wizz Air is in a favourable position to weather increased competition and stands to benefit from the turbulence which some of its competitors have run into, analysts at HSBC said. As well, its CEE market is less
Read moreWizzAir in favourable position to weather sector shake-out, HSBC says
1st Oct 2015 11:59
(ShareCast News) - Thanks to its high profitability and niche position low-cost carrier Wizz Air is in a favourable position to weather increased competition and stands to benefit from the turbulence which some of its competitors have run into, analysts at HSBC said. As well, its CEE market is less
Read moreLondon close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
Read moreFTSE 250 movers: Tullow gains on broker upgrades; Euromoney drops on acquisition
29th Sep 2015 15:17
(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,489.54 at 1528 BST, falling in line with the broader market as investors continued to fret about an economic slowdown in China. Oil exploration and production company Tullow Oil was the standout gainer, benefiting from two rating upgrade
Read moreLondon midday: China concerns weigh on sentiment to push stocks lower
29th Sep 2015 11:07
(ShareCast News) - London stocks slid on Tuesday following declines in Asia as growing concerns on China's economic slowdown weighed on investor confidence. A report on Monday showing an 8.8% fall in Chinese industrial profits, added to woes about the nation's slowdown. The market is now awaiting th
Read moreWizz Air ups full-year net profit guidance on robust bookings
29th Sep 2015 08:57
(ShareCast News) - Low-cost airline Wizz Air Holdings raised its full-year net profit guidance as it said it has traded well in the first half of the 2016 financial year and is on target to deliver operating and net profit margins ahead of last year. In a trading update for the first half of 2016, t
Read moreFTSE 250 movers: Booker gains on JPM note, commodity stocks slide
4th Sep 2015 16:12
(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the
Read moreBroker tips: Wizz Air, TalkTalk, Reckitt Benckiser
3rd Sep 2015 17:02
(ShareCast News) - UBS initiated coverage of Wizz Air shares at 'buy' with a 2,200 price target, noting that the company has a strong track record of growing traffic and profits. The bank said Wizz's market focus on Central and Eastern Europe offers structural growth. The broker´s analysts highlight
Read moreUBS initiates coverage of Wizz Air at 'buy'
3rd Sep 2015 14:43
(ShareCast News) - UBS initiated coverage of Wizz Air shares at 'buy' with a 2,200 price target, noting that the company has a strong track record of growing traffic and profits. The bank said Wizz's market focus on Central and Eastern Europe offers structural growth. The broker´s analysts highlight
Read moreWizz Air posts strong passenger traffic in August
3rd Sep 2015 07:29
(ShareCast News) - Low cost airline Wizz Air continued seeing strong passenger numbers in August, with growth of 19% to reach 1.99m. That pushed the company´s load factor higher to 93.2% from 92.2% in the month before. In the 12 months to August the company´s passenger numbers jumped 20% to hit 17.
Read moreFTSE 250 movers: Wizz shares take off, William Hill trips on profits dip
7th Aug 2015 14:50
(ShareCast News) - London's FTSE 250 fell 0.52% by late afternoon to 17,693 after US non-farm payrolls rose less than expected and some corporate results disappointed. The data showed US employers added 215,000 jobs, missing the consensus forecast of 225,000. In London, William Hill shares poste
Read moreSector movers: Financials, miners and airlines lead London market higher
5th Aug 2015 16:03
(ShareCast News) - Financial stocks and miners led the London market higher on Wednesday, as improved economic data from China buoyed the market. The FTSE 100 closed up 0.98% or 65.84 points at 6752.41, while the FTSE 250 ended up 0.23% or 40.65 points at 17775.08 on a bounceback from miners as shor
Read moreLondon midday: UK stocks higher as financials lift sentiment
5th Aug 2015 11:08
(ShareCast News) - UK shares advanced as investors shrugged off worse-than-expected data and financials stocks Standard Chartered and London Stock Exchange lifted the FTSE. After first-half pre-tax profits fell 44% and new chief executive Bill Winters increased the focused on its capital ratio and r
Read moreWizz Air passenger numbers up 20%
5th Aug 2015 08:42
(ShareCast News) - Budget airline Wizz Air has lifted passenger numbers by 20% for July compared with the same period in 2014. The FTSE 250 listed airline had 1.97m passengers in July this year, up from 1.64m passengers in July 2014. Wizz Air increased its load factor, which counts how close it get
Read moreWizz Air quarterly profit and revenue take off
29th Jul 2015 10:04
(ShareCast News) - Budget airline Wizz Air reported double-digit growth in the first quarter, with a sharp increase in profit and revenue. In the three months to 30 June, the Hungary-based carrier said its underlying net profit rose 14.7% year-on-year to a record €33.9m, while revenue rose 12.7% to
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