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Share Price Information for easyJet (EZJ)

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Share Price: 456.60
Bid: 458.20
Ask: 458.70
Change: -9.00 (-1.93%)
Spread: 0.50 (0.109%)
Open: 465.30
High: 469.10
Low: 456.60
Prev. Close: 465.60
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Sunday newspaper round-up: Brexit warnings, Rio Tinto copper, Sports Direct

Sun, 12th Jun 2016 17:19

(ShareCast News) - The Bank of England will face huge pressure to cut interest rates to new lows if Britain opts to quit the EU, according to international investors cited by the Sunday Times. With online and phone polls indicating the result is too close to call, fears that a Brexit vote could derail the recovery are mounting and investors are now betting there is a 50% chance of a rate cut by the end of the year, according to recent moves in interest rate markets, up from nearer 20% three months ago.The Bank of England and International Monetary Fund will both this week warn of the economic consequences of leaving the EU. Minutes from the BoE's latest interest rate meeting are expected on Thursday to say that uncertainty surrounding the referendum is delaying investment decisions and weighing on the pound, while on the same day the IMF is due to publish its annual health check of the UK economy, in which it will warn of a vicious cycle of lower growth, weaker spending and higher unemployment if Britain votes 'leave'.Some of the City of London's biggest overseas banks are planning to pull thousands of workers out of the UK if the country's votes to leave the European Union. With polls tightening ahead of the 23 June referendum, foreign lenders are facing the heightening prospect that their London-based operations could lose the right to operate freely across Europe under the EU's passporting rules, the Sunday Times reported, with Paris and Frankfurt expected to benefit.The jobs market is treading water as cautious companies limit new hirings ahead of the EU referendum on June 23, official figures are set to show this week. Numbers to be released on Wednesday are forecast to show employment rising by about 42,000 in the three months to April, the Mail on Sunday said.Sports Direct has made a last-ditch bid to save BHS from liquidation, writing to administrators to reopen talks to "save a number of stores, jobs and the BHS name". The Sunday Telegraph, which has seen the letter, also reported that the government will take the unprecedented step of publishing the Insolvency Service's investigation into the collapse of BHS due to the major public interest.Sports Direct staff are owed more than £20m, union sources and City analysts have estimated following the admission by the firm's owner Mike Ashley that he failed to pay the minimum wage. Founder and majority shareholder Ashley admitted to MPs last week that staff at the group's main distribution centre had not been paid the minimum wage, because they had been forced to spend unpaid time going through security checks, the Mail on Sunday said.Sir Philip Green considered selling Dominic Chappell the bulk of his Arcadia Group high street empire as well as BHS, said the Sunday Times, citing a previously undisclosed document. Retail billionaire Green, who is due to appear in parliament this week to explain his role in the department store's collapse, initially offered the three-time bankrupt the chance to buy any of Arcadia's brands, except the lucrative Topshop chain.The chairwoman of the BHS staff hardship trust has called on billionaire Sir Philip Green to plug the deficit in the staff pension fund and to make a donation to help those who face financial crisis as a result of the company's collapse. Jeanette Bradley, who has chaired the organisation for a decade and was head of human resources for shop workers at BHS under Green's ownership, told the Mail on Sunday that time is running out for pensioners and is urging Green to step in and make 'a grand gesture'.Rio Tinto has hired Goldman Sachs to engineer a takeover of the mining giant's £8bn listed copper operation as it seeks to position itself for a recovery in the metal's price. The £36bn company owns 51% of Turquoise Hill, quoted on the New York and Toronto stock exchanges, and holds a controlling stake in Oyu Tolgoi, a mammoth copper deposit in southern Mongolia. Copper, the Sunday Times reported, is expected by many analysts to be among the first commodities to rally as it is used in home appliances and is less reliant on construction.A pair of private equity firms are in talks to launch a joint £10bn deal to buy mobile phone provider O2 from its Spanish owner. CVC Capital Partners and Apax Partners, the Sunday Times revealed, are mulling a purchase of the UK's second biggest mobile operator, a month after European competition watchdogs blocked a sale by Telefonica to Three owner Hutchison Whampoa for £10bn.The town of Stanley in northeast England has become the first to offer in-home batteries and solar panels for free, in the latest sign of the huge shifts rocking the household energy market identified by the Sunday Times. The programme, a joint scheme between the town council and a startup called North Star Solar, will be offered to all the town's 35,000 households and is expected to be followed by others aiming to cut the "big six" energy suppliers out of their traditional market by turning homes into mini power stations.Marks & Spencer has again paid its executives bonuses that are based on targets which ignore millions of pounds of goods returned, despite warnings from an adviser that this was 'inappropriate', the Mail on Sunday reported. The issue first came to light last year, when it emerged that the retailer had been reporting online sales to the City that included clothing, shoes and other goods that were paid for but later returned because they did not fit or were faulty. And despite a ticking-off by its corporate stockbroker Citigroup, M&S has again used the higher figure to pay executive bonuses, when the only target met was for online sales growth.Budget airline easyJet has examined setting up a separate European business in case Britain leaves the European Union, the Sunday Telegraph reported. Obtaining an air operator's certificate (AOC) in an EU country, which would require it to establish a local holding company, is one of the options the FTSE 100 carrier has looked at as part of contingency planning in the event of a Brexit.Profits for airlines around the globe are expected to total a record £27bn in 2016 thanks to strong passenger growth and cheap oil. The world's biggest aircraft maker Boeing used figures from the International Air Transport Association to calculate that half of that profit will be made by US airlines, the Mail on Sunday noted.Defence Secretary Michael Fallon is set to run into further controversy over British jobs this week, the Mail on Sunday said, when he signs a key agreement to buy nine US-made Boeing P-8 Poseidon maritime patrol aircraft for $3.2bn to replace the scrapped Nimrod fleet. Fallon is already facing protests over an expected deal to buy 50 Apache helicopters, also made by Boeing, putting the future of 600 aeronautical jobs in the UK at risk.Amazon is preparing to launch a music-streaming service to rival Spotify and Apple Music - the latest in a series of aggressive moves by the online retail giant - after it emerged at the weekend that Amazon is negotiating with big music labels for the rights to use their songs. The standalone service will be offered, initially in America, for $9.99 a month via the Echo device, according to reports, and could offer more than 30m songs, the Sunday Times noted.Bain Capital, a giant US buyout firm, is gearing up to offload British car parts maker TI Automotive less than a year after it bought it, the Sunday Times reported. Bain is exploring a £2bn float of the company, which was founded as Tube Investments in Birmingham in 1919, in New York or London at almost double the £1.2bn deal completed last June.Buyout baron Guy Hands faces a legal bill of nearly £20m after the collapse of his court battle with Citigroup bank over his disastrous 2007 takeover of music giant EMI. Hands, the 56-year-old founder of private equity outfit Terra Firma, is set to be hit with a huge costs order after the long-awaited High Court showdown with Citi lasted only two days, the Sunday Times said.
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24 Jan 2024 07:02

EasyJet sees H1 losses narrowing despite £40m hit from MEast war

(Sharecast News) - Budget airline easyJet said it had taken a £40m hit from the Middle-East conflict, but said it expected first-half losses to narrow and reported positive booking momentum for the summer.

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23 Jan 2024 15:03

Ryanair sees scope to expand further in Italy

Ryanair sees slots freed up by ITA-Lufthansa deal

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23 Jan 2024 14:24

Wednesday preview: Global PMIs, EasyJet in focus

(Sharecast News) - The market spotlight on Wednesday was expected to be on preliminary results for a raft of closely-followed economic surveys on either side of the Atlantic.

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23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

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22 Jan 2024 14:27

UK earnings, trading statements calendar - next 7 days

Tuesday 23 January 
Aptitude Software Group PLCTrading Statement
Associated British Foods PLCTrading Statement
CC Japan Income & Growth Trust PLCFull Year Results
Crest Nicholson Holdings PLCFull Year Results
FireAngel Safety Technology Group PLCTrading Statement
Henry Boot PLCTrading Statement
Ilika PLCHalf Year Results
Marston's PLCTrading Statement
Premier Foods PLCTrading Statement
Staffline Group PLCTrading Statement
Velocity Composites PLCFull Year Results
Watkin Jones PLCFull Year Results
Wednesday 24 January 
Britvic PLCTrading Statement
Computacenter PLCTrading Statement
easyJet PLCTrading Statement
Fresnillo PLCTrading Statement
Hargreaves Services PLCHalf Year Results
Hochschild Mining PLCTrading Statement
JD Wetherspoon PLCHalf Year Results
Lords Group Trading PLCFull Year Results
PayPoint PLCTrading Statement
PensionBee Group PLCTrading Statement
Quilter PLCTrading Statement
TI Fluid Systems PLCTrading Statement
Tullow Oil PLCTrading Statement
Watkin Jones PLCFull Year Results
Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
  
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.

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22 Jan 2024 09:10

LONDON BROKER RATINGS: Citi says 'buy' Segro; Barclays cuts Sage

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

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

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11 Jan 2024 16:34

London close: Stocks fall as US inflation comes in hot

(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.

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11 Jan 2024 11:40

BofA Merrill Lynch ups easyJet to 'buy' on European capacity constraints

(Sharecast News) - Bank of America Merrill Lynch upgraded easyJet on Thursday to 'buy' from 'underperform' and lifted the price target to 640p from 470p on European capacity constraints.

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4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

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

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3 Jan 2024 17:48

London close: Stocks fall amid rising geopolitical concerns

(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.

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2 Jan 2024 09:33

LONDON BROKER RATINGS: Citigroup ups easyJet to 'neutral' from 'sell'

(Alliance News) - The following London-listed share received an analyst recommendation on Tuesday morning:

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19 Dec 2023 18:15

Airbus on course for record jetliner orders in 2023, sources say

PARIS, Dec 19 (Reuters) - Airbus is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said on Tuesday.

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19 Dec 2023 14:11

EasyJet's $20bn Airbus order gets green light from shareholders

(Sharecast News) - EasyJet's shareholders have voted overwhelmingly in favour of the company's planned purchase of 157 A320neo family aircraft from manufacturing giant Airbus.

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