Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 541.60
Bid: 542.80
Ask: 543.40
Change: -5.20 (-0.95%)
Spread: 0.60 (0.111%)
Open: 550.00
High: 550.80
Low: 541.00
Prev. Close: 546.80
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE falters as easyJet, housebuilders and banks tumble

Mon, 27th Jun 2016 08:57

* FTSE 100 down 1.1 pct

* Budget airline easyJet slides on profit warning

* Banks hit by downgrades

* Housebuilders also fall

* Gold miners among top gainers (Recasts, adds detail, updates prices)

By Kit Rees

LONDON, June 27 (Reuters) - British stocks opened lower onMonday, extending losses from the previous session as lastweek's vote to leave the European Union hurled Britain intopolitical uncertainty, hitting the shares of British banks,housebuilders and budget airline easyJet.

The blue-chip FTSE 100 index fell 1.1 percent to6,071.19 points by 0823 GMT, with the mid-cap FTSE 250 down 3 percent.

Britain's finance minister George Osborne spoke publicly onthe Brexit vote for the first time on Monday morning, looking tocalm markets with an assertion that the British economy remainsstrong.

Shares in easyJet slumped more than 16 percent -- ontrack for its biggest daily decline since January 2011 -- afterit warned on third-quarter profit, citing an uncertain outlookbecause of the Brexit vote.

Rival IAG, which operates British Airways, fell 9.2percent after Goldman Sachs downgraded the company to "neutral".

Among financials, Royal Bank of Scotland (RBS) andBarclays also came under pressure, down 12.2 percentand 9.6 percent respectively, hit by a spate of brokerdowngrades as well as JP Morgan cutting its rating on all UKdomestic banks.

"The UK's vote to leave the EU will drive tectonic plateshifts in European bank investing. We move to a slowgrowth/modestly recessionary scenario for UK banks," analysts atJefferies said in a note, downgrading RBS to "hold" and Barclaysto "underperform".

Housebuilders were also among the top fallers, with TaylorWimpey, Persimmon, Barratt Developments and Berkeley Group down between 7.4 percent and 10.8percent.

Precious metals miners Fresnillo and RandgoldResources were the top gainers, rising 6.2 percent and5.5 percent respectively, extending gains from Friday assafe-haven assets continued to be in demand.

Among small-cap stocks, Foxtons plummeted by 21.7percent after it said that Brexit would prolong uncertainty inthe property market.

(Editing by David Goodman)

More News
2 Feb 2024 14:45

Broker tips: Wise, easyJet, Wizz, BT

(Sharecast News) - Jefferies has upgraded its rating on money transfer specialist Wise to a 'buy' on the back of improving growth prospects.

Read more
2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

Read more
2 Feb 2024 11:56

Barclays upgrades easyJet, Wizz Air

(Sharecast News) - Barclays upgraded Wizz Air and easyJet on Friday as it cited "positive prospects" for European low-cost carriers.

Read more
2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

Read more
1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

Read more
1 Feb 2024 15:50

UK shareholder meetings calendar - next 7 days

Friday 2 February 
Tectonic Gold PLCAGM
Monday 5 February 
no events scheduled 
Tuesday 6 February 
Blackrock Frontiers Investment Trust PLCAGM
Qinetiq Group PLCGM re share buyback authorisation
Ten Lifestyle Group PLCAGM
Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 Feb 2024 13:34

Broker tips: Next, Marshalls, easyJet

(Sharecast News) - Barclays downgraded Next to 'equalweight' from 'overweight' on Thursday but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

Read more
1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
1 Feb 2024 07:58

JPMorgan upgrades easyJet to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded easyJet on Thursday to 'overweight' from 'neutral' as it took a look at European airlines.

Read more
26 Jan 2024 09:07

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
25 Jan 2024 10:44

RBC Capital lifts easyJet price target after Q1 update

(Sharecast News) - RBC Capital Markets hiked its price target on easyJet to 540p from 500p on Thursday and lifted estimates after the budget airline's first-quarter update a day earlier.

Read more
25 Jan 2024 09:30

Wizz Air's Q3 loss swells on MidEast flight disruptions

Q3 operating loss 180 mln euros vs forecast 93 mln euro loss

*

Read more
25 Jan 2024 09:10

LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.