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London open: Greek concerns hit stocks, Easyjet sinks

Tue, 12th May 2015 09:05

UK stocks plunged into the red on Tuesday morning on concerns about Greece and bond-market volatility, while blue chip budget airline Easyjet disappointed investors with its full-year outlook.The FTSE 100 was trading 1.04% lower at 6,956.41 early on ahead of data which is forecast to show that UK industrial production growth slowed to a standstill in March.Industrial production failed to grow month-on-month in March after a 0.1% increase in February, according to analysts' forecasts ahead of data due at 09:30.Athens met the latest deadline to repay the International Monetary Fund €750m, though that didn't stop Greek bond yields from surging on Monday. Greek 10-year bond yields were down two basis points on Tuesday after rising to 10.96% the previous session.As the Eurogroup met on Monday to discuss a cash-for-reform deal for Greece, finance minister Yanis Varoufakis warned that the Mediterranean nation is just two weeks away from running out of money. "The liquidity issue is a terribly urgent issue," Varoufakis told reporters in Brussels.A sell-off in bond markets elsewhere on Monday was also concerning investors as yields jumped on changing inflation expectations. "Large amounts of Eurozone debt was yielding negative returns after the region fell into deflation territory and this had to reverse once we saw a rebound in oil prices," said Oanda analyst Craig Erlam.Meanwhile, concerns about a UK referendum on EU membership were also dampening sentiment on the market after David Cameron suggested that the vote could be brought forward to 2016 from the expected 2017.Easyjet disappoints with outlookBudget airline Easyjet met guidance after swinging to a small profit in the first half, though it faces tougher conditions in the latter part of the year. The company saw shares sink after saying that exchange-rate movements and air traffic control strikes in France are expected to hit second-half results.Credit-checking outfit Experian also fell despite returning to organic revenue growth in the fourth quarter. For the full year, total revenue from continuing activities grew 1% to $4.81bn, with profit before tax slightly above flat at $751m.Insurer Hiscox declined after underwhelming with gross premiums growth of 12% to £561.7m in the first quarter.Pubs group Enterprise Inns impressed the market with plans to increase direct management of pubs and grow its commercial property business, as it unveiled first-half results that met targets.Market MoverstechMARK 3,224.73 -1.26%FTSE 100 6,956.41 -1.04%FTSE 250 17,696.48 -0.97%FTSE 100 - RisersFresnillo (FRES) 709.50p +1.14%BHP Billiton (BLT) 1,588.00p +1.02%Randgold Resources Ltd. (RRS) 4,749.00p +1.02%Pearson (PSON) 1,327.00p +0.68%Anglo American (AAL) 1,134.00p +0.53%Antofagasta (ANTO) 785.50p +0.38%Sainsbury (J) (SBRY) 282.00p +0.18%Morrison (Wm) Supermarkets (MRW) 183.20p +0.16%FTSE 100 - FallerseasyJet (EZJ) 1,690.00p -7.80%Hargreaves Lansdown (HL.) 1,199.00p -2.92%SABMiller (SAB) 3,513.00p -2.32%United Utilities Group (UU.) 977.50p -2.20%Shire Plc (SHP) 5,135.00p -2.10%InterContinental Hotels Group (IHG) 2,725.00p -2.08%St James's Place (STJ) 921.00p -2.07%Prudential (PRU) 1,616.00p -1.91%National Grid (NG.) 888.40p -1.89%Aviva (AV.) 531.00p -1.85%FTSE 250 - RisersPolymetal International (POLY) 567.50p +1.61%Thomas Cook Group (TCG) 155.30p +1.50%Inchcape (INCH) 856.50p +1.06%Amec Foster Wheeler (AMFW) 878.50p +1.04%Spirit Pub Company (SPRT) 112.60p +0.81%Greene King (GNK) 810.00p +0.68%Enterprise Inns (ETI) 133.20p +0.60%Acacia Mining (ACA) 288.20p +0.59%Just Eat (JE.) 443.80p +0.45%Vedanta Resources (VED) 677.50p +0.37%FTSE 250 - FallersRegus (RGU) 245.30p -6.66%Diploma (DPLM) 761.00p -3.91%Halfords Group (HFD) 448.80p -2.84%Man Group (EMG) 177.50p -2.79%Spirax-Sarco Engineering (SPX) 3,245.00p -2.52%AL Noor Hospitals Group (ANH) 847.00p -2.48%Allied Minds (ALM) 616.50p -2.38%NMC Health (NMC) 841.00p -2.21%Provident Financial (PFG) 3,053.00p -2.18%St. Modwen Properties (SMP) 427.50p -2.17%
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9 Feb 2017 08:03

Enterprise Inns on track for full year, changes name to Ei Group

(ShareCast News) - Enterprise Inns said on Thursday that it is on track to deliver its expectations for the full year as it announced a change of name to Ei Group. In a trading update for the 18 weeks to 4 February, the company reported like-for-like net income growth of 1.6% in the Ei Publican Part

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9 Feb 2017 07:41

Enterprise Inns Changes Name To Ei Group Amid Income Improvement

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2 Feb 2017 16:07

UK Shareholder Meetings Calendar - Next 7 Days

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14 Dec 2016 20:59

CORRECTED-UPDATE 3-Heineken in bid battle for Punch Taverns

(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti

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17 Nov 2016 08:19

LONDON BRIEFING: Focus On Fed Chair Yellen Remarks After Trump Win

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15 Nov 2016 09:57

Enterprise Inns serves up results in line with last year

(ShareCast News) - Pub owner Enterprise Inns announced its results for the year to 30 September on Tuesday, with EBITDA before exceptional items of £292m, down slightly from £296m a year earlier, which was in line with expectations and reflecting the impact of planned disposals. The company's profit

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24 Oct 2016 07:45

Enterprise Inns Launches Bond Tender Offer Amid Refinancing (ALLISS)

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11 Aug 2016 08:27

Enterprise Inns On Track For Full Year As Second Half Progresses Well

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11 Jul 2016 11:28

DIRECTOR DEALINGS: Enterprise Inns Non-Executive Buys 25,000 Shares

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13 Jun 2016 10:04

Respite for high street as retail footfall rallies in May, BRC-Springboard shows

(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B

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17 May 2016 16:18

Enterprise Inns trading in line after lifting H1 profit

(ShareCast News) - Enterprise Inns said second-half trading is in line with its expectations, despite being hurt by the timing of the Easter weekend and after improving its first-half pre-tax profit to £40m, from £10m. Its revenues improved marginally to £305m, from £302m. Enterprise Publican Partn

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17 May 2016 07:26

Enterprise Inns Confident Ahead Of Euro 2016 As Interim Profit Rises

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10 May 2016 15:10

Earnings, Trading Statements Calendar - Week Ahead

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22 Mar 2016 13:29

Enterprise Inns net income up, share buyback announced

(ShareCast News) - Pub group Enterprise Inns rallied on Tuesday as it reported growth in like-for-like net income and announced a share buyback programme. In a trading update for the 25 weeks to 19 March, the company said LFL net income grew 1.5% in the leased and tenanted estate, which was ahead of

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22 Mar 2016 08:12

Enterprise Inns Announces Share Buyback On Good First-Half Trading

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