EasyJet holidays shine with £86 million pre-tax profit Hit from industrial action and fuel costs Year-to-date shares down 12% Shares in EasyJet (EZJ) fell more than 6% to 489p in morning trading despite the low-budget airline reporting a strong set of third-quarter results. The company reported a pre-tax profit of £286 million for the third quarter ending 30 June - an improvement of £50...

London's FTSE 100 achieved made a small advance heading into Friday afternoon, and it looks set for a weekly gain, despite US fiscal worries hanging over markets. The FTSE 100 index traded up 7.87 points, 0.1%, at 8,747.13. It is up around 0.6% this week. The FTSE 250 was down just 5.07 points, at 20,794.59, and the AIM All-Share was up 4.65 points, 0.6%, at 741.39. The Cboe UK 100 was up 0.2%...

Winter load factor down 2.2%Margins to come under pressureCEO 'satisfied' with early Summer 2025 bookingsAirline and package holidays provider Jet2 (JET2:AIM) assured investors that despite continued late bookings and competitive pricing, profits for the year to 31 March 2025 should be 8% to 10% higher.So why did the shares drop 10% to £14.10 in early dealings on 19 February?The catalyst was...

The FTSE 100 fell slightly on Wednesday, as international earners put pressure on the index and as easyJet sank on a 'woolly' update.The FTSE 100 index fell just 3.16 points at 8,545.13. The FTSE 250 lost 15.43 points, 0.1%, at 20,580.30, and the AIM All-Share ended up 1.89 points, 0.3%, at 721.00.The Cboe UK 100 lost 0.1% at 856.60, the Cboe UK 250 fell 0.2% at 17,962.96, and the Cboe Small...

Brent crude hits $80 per barrelIAG shares down 3% to 304pEasyJet shares down 2% to 495pAirline stocks took a turn for the worse in morning trading on Monday (13 Jan) as Brent crude hit $80 per barrel ? a four month high ? driven by wider US sanctions on Russian oil and the expected effects on exports to top buyers China and India.Brent crude rose $1.68 or 2.1% per barrel to $81.44 after...

Chemring executives sell sharesEasyJet finance head sells stockImperial chief executive lightens upThe week before Christmas was a busy one for the boards of several UK firms as they offloaded shares ahead of the holidays.At defence contractor Chemring (CHG), chief executive Michael Ord and two other directors sold a total of 274,000 shares at 315p each on 18 December raising just shy of...

34% rise in annual pre-tax profit to £610 millionProposed dividend increaseExpects to reduce winter lossesEasyJet (EZJ) shares made marginal gains this morning after the low-budget airline reported a 34% rise in pre-tax profit to £610 million for the year ending 30 September.There was good news for EasyJet holidays' division which reported a pre-tax profit of £190 million, driven by 36%...

Luxury goods brand Burberry (BRBY) has ended its 15-year sojourn in the FTSE 100.The relegation comes after dramatic share price falls for the company in 2024. EasyJet (EZJ), which had been on course to suffer the same fate, looks to have saved itself with a recent rally (confirmation of the outcome of the reshuffle was due after market close on 4 September).In May this year, EasyJet investors...

Dividend resumedTotal revenue €14.72 billionIAG shares up 8% year-to-dateShares in International Consolidated Airlines (IAG) rose over 6% in morning trading to 169p as the British Airways owner said strong demand for travel helped lift its results in the six months to 30 June 2024.Total revenue increased 8% to €14.72 billion compared to €13.58 billion in the same year ago...

Since we emerged from the pandemic, people's spending have shifted from stuff to experiences with holidays particularly prized by those with the means to afford them.Airlines and travel operators enjoyed bumper demand as people were desperate to get away for a week in the sun, having been denied the opportunity during lockdown, and had money to spend. This enabled the industry to pass...

On 23 May, power network operator National Grid (NG.) announced a bumper £7 billion fundraise to help finance a five-year £60 billion investment plan.Known as a 'rights issue', the exercise involves shareholders making a decision whether or not to buy discounted shares in the group.As is the case for most major rights issues, National Grid's fundraise is fully underwritten by banks, in this...

News last week that EasyJet's (EZJ) chief executive of seven years Johan Lundgren was to step down in early 2025 clearly rattled investors, sending the budget airline's shares down more than 5% on the day.Lundgren's decision to fly the coop was all the more surprising given it came the same day the budget carrier reported a 22% increase in total revenue to £3.26 billion and a 17% increase in...

EasyJet CFO Kenton Jarvis to become CEOJarvis joined EasyJet in February 2021Outgoing CEO Johan Lundgren to leave early 2025Shares in EasyJet (EZJ) were down more than 5% to 498p as investors reacted to the announcement that the low-budget airline's CEO Johan Lundgren is stepping down after seven years in the role.Kenton Jarvis, board member and chief financial officer will takeover from...

The FTSE 100 started poorly on Thursday, despite Wednesday?s record closes across the pond, as Sage Group and easyJet offset a boost from BT.The FTSE 100 index opened down 31.09 points, 0.4%, at 8,414.71. The FTSE 250 was up 34.30 points, 0.2%, at 20,809.93, and the AIM All-Share was up 0.2 of a point at 791.81.The Cboe UK 100 was down 0.3% at 840.90, the Cboe UK 250 was up 0.3% at 18,152.47,...

Aurora Investment Trust (ARR) 243pMarket cap: £185.3 millionInvestors seeking a value-oriented fund focused on avoiding permanent capital losses first and foremost, while offering exposure to the improving consumer outlook among other themes, should buy Aurora Investment Trust (ARR). Managed by long-term value investment firm Phoenix, the dividend-paying trust?s 10.2% discount to NAV (net...

Passengers up 8% year-on-yearPre-tax profit of easyJet holidays circa £31 million£40 million direct impact from Middle East conflictShares in EasyJet (EZJ) gained over 3% in morning trading to 535p after the low-cost airline said winter losses for full year 2024 had been reduced by more than £50 million as summer demand continued.EasyJet now expects a headline pre-tax loss of between £340...

Investors in London were not deterred by continuing concerns of higher for longer US interest rates, as stocks were up heading into the afternoon.The FTSE 100 index was 14.38 points higher, 0.2%, at 7,862.37. The FTSE 250 was up 63.75 points, 0.3%, at 19,403.89. The AIM All-Share was up 0.59 of a point, 0.1%, at 743.71.The Cboe UK 100 was a touch higher at 785.28, the Cboe UK 250 was up 0.1%...

Stocks in London started the week on the front foot, picking up strength as Monday?s trading session wore on, to post healthy gains by the close.Gold hit a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.The FTSE 100 index closed up 32.31 points, 0.4%, at 7,943.47. The FTSE 250 ended up 128.64 points, 0.7%, at 19,854.58, and the AIM...

For anyone who owns a FTSE 100, FTSE 250 or FTSE All-Share tracker fund or ETF, there are one or two changes next week as a result of the latest quarterly index review.Investors in these securities don?t need to do anything themselves as the underlying indices ? compiled by FTSE Russell, part of London Stock Exchange Group (LSEG) ? will automatically implement the changes from the start of...

Stock prices in London closed up on Wednesday as private sector expansion proved stronger than expected, and amid a host of strong PMI data from around the world.The FTSE 100 index closed up 41.94 points, 0.6%, at 7,527.67. The FTSE 250 ended up 179.06 points, 0.9%, at 19,171.68 and the AIM All-Share closed up 5.93 points, 0.8%, at 744.85.The Cboe UK 100 ended up 0.5% at 752.68, the Cboe UK...