The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 467.10
Bid: 467.00
Ask: 467.80
Change: 9.60 (2.10%)
Spread: 0.80 (0.171%)
Open: 464.40
High: 467.80
Low: 462.80
Prev. Close: 457.50
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MARKET COMMENT: UK Stocks Struggle Despite Good Data Readings

Wed, 04th Sep 2013 10:09

LONDON (Alliance News) - Small-cap stocks are out-performing blue-chips once again Wednesday. The AIM All-Share is managing to stay just about in positive territory, while the larger-cap indices are sliding lower. By mid-morning Monday, the FTSE 100 trades about 0.5% lower at 6,437.80, while the FTSE 250 is down about 0.6%.

A slew of service-sector PMI readings began overnight with China, where numbers showed that the sector is growing at the fastest rate since March. Italian services PMI showed a slight increase in August to 48.8 points, from 48.7 in July, but against a higher forecast of 49.9. The comparable numbers for France showed an increase to 48.9 from 48.6 against 47.7 forecast. Germany also beat expectations, coming in at 52.8, up from 51.3 and against 52.4 forecast, while numbers for the whole Eurozone as a whole rose to 50.7 from 49.8, slightly lower than the forecast 51.0.

Eurozone retail sales have shown a monthly growth of 0.1% in July, slightly missing forecasts for 0.2% growth, while revised second quarter Eurozone GDP has come in unchanged at +0.3%, confirming the single currency area is out of recession.

Another upside surprise to the UK economic recover came Wednesday, as the UK service PMI advanced to 60.5 in August from 60.2 in July, with economists having forecast 59.7. This is the strongest improvement in the index in more than six-and-half years and is the latest a now very long list of strong macro readings for the UK.

Despite the strong data, UK equities are struggling as news reports that US President Obama has secured the backing of two key Congress officials for a military strike in Syria reminded investors of the potential for war. European markets also trade lower as the world waits to see how the US will act. France's CAC40 is down 0.6% and the German DAX off 0.3%.

In the UK equity sectors, mobile telecoms lead the day. In a volatile market following the huge USD130 billion sale of its 45% stake in its joint-venture with Verizon, Vodafone shares now are pushing higher after being the biggest faller on Tuesday.

Ryanair has issued a profit warning which is spreading concern across the airline sector. Airlines have been struggling recently amid rising oil prices. As analysts suggest Ryanair is in the best place to handle fuel-price rises, the Irish company's profit warning is being taken as a bad sign for the sector, with Easyjet and International Consolidated Airlines Group leading the blue chip fallers

The pound continues its rise, breaking above 1.56 against the dollar for a second time this week on the back of the surprise upside to services PMI. Against the euro the pound also continues to gain, now at levels not seen since mid May, the cross currently trades at 0.8440.

Still to come Wednesday: US mortgage approvals at 1200BST and US trade balance numbers at 1330BST.

By Jon Darby; jondarby@alliancenews.com; @jondarby100

Copyright 2013 Alliance News Limited. All Rights Reserved.

More News
15 Sep 2023 06:21

Thousands impacted at Gatwick amid air traffic control staff shortages

(Alliance News) - Thousands of airline passengers have been impacted by cancelled, delayed or diverted flights due to a lack of air traffic control staff at Gatwick airport.

Read more
6 Sep 2023 16:25

UK air traffic meltdown 'one in 15 million' event -NATS

LONDON, Sept 6 (Reuters) - An air traffic meltdown in Britain was caused by a "one in 15 million" event, the boss of traffic control provider NATS said, as initial findings showed how a single flight plan with two identically labelled markers caused the chaos.

Read more
5 Sep 2023 12:44

Director dealings: Wetherspoon chair, easyJet director make purchases

(Sharecast News) - On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.

Read more
5 Sep 2023 11:49

Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying

LONDON, Sept 5 (Reuters) - Airbus, easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
29 Aug 2023 09:03

LONDON MARKET OPEN: FTSE 100 catches up with bank holiday rally

(Alliance News) - Stock prices in London opened higher on Tuesday, as UK markets return from a long bank holiday weekend and news that UK shop price inflation decelerated in August.

Read more
18 Aug 2023 11:18

Temple Bar laments "miserly" UK valuations but promises long-term wins

(Alliance News) - Temple Bar Investment Trust PLC on Friday said its net asset value saw a moderate half-year increase, and that its "fundamentally sound" portfolio will eventually bear fruit despite the tough backdrop.

Read more
14 Aug 2023 18:06

Mount Etna eruption closes Sicily's troubled Catania airport

CATANIA, Sicily, Aug 14 (Reuters) - Flights serving the eastern Sicilian city of Catania were halted on Monday after an eruption from nearby Mount Etna, local authorities said, bringing fresh travel woe to the crisis-plagued Italian airport.

Read more
10 Aug 2023 12:00

Italy's cap on island airfares ignites feud with Ryanair

ROME, Aug 10 (Reuters) - A decision by the Italian government to cap airfares to the islands of Sicily and Sardinia has prompted a dispute with airlines and been branded illegal by Ryanair, in a fresh sign of friction between Rome and big business.

Read more
7 Aug 2023 14:40

Airlines take aim at Italy's plans to bring down sky-high prices

ROME, Aug 7 (Reuters) - A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

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.