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Share Price Information for easyJet (EZJ)

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Share Price: 569.60
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Change: 12.00 (2.15%)
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TOP NEWS: easyJet And Flybe Fly More Passengers But Not Aer Lingus

Fri, 04th Apr 2014 10:22

LONDON (Alliance News) - The following is a summary of top news stories Friday.
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COMPANIES
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Low-cost airlines easyJet PLC and Flybe Group PLC said they flew more passengers and filled more of the seats in their planes in recent weeks, but Irish flag carrier Aer Lingus Group PLC reported the opposite. EasyJet said it flew 5.1 million passengers in March, up from nearly 4.9 million in March 2013, while load factor, a measure of how many seats on its planes are filled, rose to 91.5%, from 90.5%. Flybe Group said passenger volumes were up 6% on the year to 1.6 million in the three months to the end of March, the fourth quarter of its financial year. Its load factor rose six percentage points to 70% as capacity was also reduced by 4% to 2.2 million seats. Irish airline Aer Lingus, meanwhile, said passenger numbers fell to 703,000 in March, from 757,000 a year earlier, with numbers down on both short-haul and long-haul routes. Its load factor declined to 74.7%, from 79.9% in March 2013.
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Matomy Media Group Ltd became the first initial public offering to be pulled in London in 2014, but the recovery in the market for new issues continued as two more companies - Tekcapital and Rame Energy - started trading on AIM for the first time. In a statement, Tel Aviv-based Matomy Media said it had got enough demand from investors to cover the IPO size it had set, but hadn't been able to meet UK listing rules that require 25% of shares in issue to be held by investors within the European Economic Area.
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Royal Dutch Shell PLC is facing an investigation by the US Coast Guard into possible breaches of law and safety regulations in connection with a drilling rig which ran aground in the Arctic off Alaska on December 31, 2012. In a statement published by the Coast Guard's official report, published on Thursday, on the grounding of the Kulluk drilling rig, it drew attention to problems with the safety management systems used on the site and noted a range of badly managed events.
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GlaxoSmithKline PLC is reducing its employees in China, the Wall Street Journal reported citing a person familiar with the matter, as the company grapples with Beijing's accusations that it bribed doctors and officials to boost sales. Quoting the person, the Journal said that the company has terminated employees in China in recent months following increased monitoring of employee expense claims. However, it is not clear how many employees have been let go. The company employs about 7,000 people in the country.
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Pennon Group PLC shares rose after the business plan of its South West Water unit was given 'enhanced' status by the UK water regulator, a key step in getting final clearance for the plan before the regulator sets the prices water companies will be able to charge customers over the five years starting in 2015. In a statement, Ofwat said it had pre-qualified South West Water, as well as water company Affinity, for enhanced status based on "the high quality of their business plans". It said both companies had accepted the regulator's guidance on risk and reward, including the cost of capital, and had committed to a small number of changes to improve their business plans.
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Workspace Group PLC said it has sold the residential portion of the second phase of its Bow Enterprise Park in east London to Peabody Enterprises for GBP11 million in cash. Workspace said the second phase of the project consists of 160 apartments and 3,000 square feet of commercial space. It is adjacent to the first phase of the development, which also was sold to Peabody in 2012, and is under construction. The manager of London office space said Peabody will pay upon taking vacant possession, expected in May 2015.
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Evraz PLC said it has signed and closed the sale of its subsidiary Evraz Vitkovice Steel (EVS) to a group of private investors for USD89 million. The Russian steel maker said the subsidiary was sold to Martinley Holdings Ltd, Nabara Holdings Ltd, Vitect Services Ltd, Hayston Investments Ltd, and Dawnaly Investments Ltd, with each acquiring 20% holdings.
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Royal Bank of Scotland Group PLC said it has appointed a new finance chief as it moves to replace Nathan Bostock, who resigned in December fewer than three months since joining the bailed-out bank in order to join Santander UK. In a statement, RBS said it has appointed Ewen Stevenson, who joins from Credit Suisse, where he is currently co-head of EMEA Investment Banking and its Global Financial Institutions Group, Investment Banking division.
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Tesco Finance Director Laurie McIlwee is set to resign as early as next week, a move that will leave Chief Executive Philip Clarke as the only executive director on the company's board and under increasing pressure to improve performance, the Financial Times reports. The paper said McIlwee became the focus of investor disquiet in October after Tesco shocked investors by failing to signal a collapse in profits at its central European unit, and it quoted two people familiar with the matter saying he also clashed with Clarke over some areas of the company’s strategy.
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MARKETS
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Major stock indices are modestly higher across the UK as expectation builds for a strong US non-farm payroll jobs report. Positive UK data showed new car registrations increased at the fastest pace in ten years last month.
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FTSE 100: up 0.4% at 6673.6
FTSE 250: up 0.4% at 16412.49
AIM ALL-SHARE: up 0.1% at 852.97
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The euro is close to a five week low after perceived indecisiveness by the ECB.
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GBP-USD: down at USD1.6576
EUR-USD: down at USD1.3708

GOLD: up at USD1291.60 per ounce
OIL (Brent): up at USD106.57 a barrel

(changes since end of previous GMT day)
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ECONOMICS AND GENERAL
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UK house prices declined for the first time in three months, a report published by Lloyds Banking Group showed. The Halifax house price index fell unexpectedly by 1.1% month-on-month, reversing the 2.5% rise seen in February. Prices were expected to increase 0.6%. Prices in the three months to March were 8.7% higher than in the same three months a year earlier, data showed.
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UK car sales increased notably to 464,824 in March, accounting for almost a fifth of full-year registrations, the Society of Motor Manufacturers and Traders said. The March new car market was just 2,130 units short of the record 2004 total. Sales were up 17.7% year-on-year in March and the year-to-date registrations advanced 13.7% to 688,122 units.
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Germany's construction activity expanded at a slower pace in March as order intakes fell at the fastest rate in 12 months, data from Markit Economics showed. The seasonally adjusted Purchasing Managers' Index fell 52.5 in March from 53.6 in February. Total industry activity has now risen for 11 months in succession and companies partly attributed this to exceptionally mild weather. The latest rise in activity was broad-based, with housing, commercial and civil engineering activity all rising.
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The International Monetary Fund said the slowdown in China's economic growth will reduce trend growth on emerging market economies. "China's transition into a slower, if more sustainable, pace of growth will also reduce growth in many other emerging market economies, at least temporarily," the lender said in the analytical chapter for its World Economic Outlook.
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The international search for the missing Malaysian Airlines flight MH370 moved underwater Friday, the search coordinator announced. An Australian navy ship and a British navy ship are engaged in a joint underwater search operation towing sensitive sonic detectors listening for the signal of the plane's black box. The battery on the black box is expected to expire some time after April 7, but could last until the middle of April. Two submarines were now also engaged in the search.
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The number of Syrians registered as refugees in Lebanon has passed 1 million, giving the country the highest per-capita concentration of refugees worldwide, the UN refugee agency said on Thursday. "The influx of a million refugees would be massive in any country. For Lebanon, a small nation beset by internal difficulties, the impact is staggering," UN High Commissioner for Refugees Antonio Guterres said.
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European Central Bank President Mario Draghi on Thursday vowed swift action against risks of a prolonged period of low inflation in the euro area and downside risks to the region's growth. "We will monitor developments very closely and will consider all instruments available to us," Draghi said in his introductory statement in the customary post-meeting press conference in Frankfurt. "We are resolute in our determination to maintain a high degree of monetary accommodation and to act swiftly if required." The central bank left the main refi rate unchanged at a record low 0.25% for a fifth month running
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Copyright © 2014 Alliance News Limited. All Rights Reserved.


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15 Mar 2024 13:11

UK dividends calendar - next 7 days

Monday 18 March 
Aquila European Renewables PLC 
BP Marsh & Partners PLC 
Triple Point Venture VCT PLC 
Tuesday 19 March 
Jarvis Securities PLCdividend payment date
Wednesday 20 March 
Virgin Money UK PLCdividend payment date
Thursday 21 March 
abrdn Asia Focus PLCdividend payment date
abrdn Private Equity Opportunities Trust PLCex-dividend payment date
AIB Group PLCex-dividend payment date
Beazley PLCex-dividend payment date
BlackRock World Mining Trust PLCex-dividend payment date
British American Tobacco PLCex-dividend payment date
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Craneware PLCex-dividend payment date
Crest Nicholson Holdings PLCex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
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GlobalData PLCex-dividend payment date
Globalworth Real Estate Investments Ltdex-dividend payment date
Goodwin PLCex-dividend payment date
Gore Street Energy Storage Fund PLCex-dividend payment date
Hargreaves Services PLCex-dividend payment date
HgCapital Trust PLCex-dividend payment date
Hikma Pharmaceuticals PLCex-dividend payment date
Jardine Matheson Holdings LDex-dividend payment date
London Finance & Investment Group PLCex-dividend payment date
Maven Income & Growth VCT 3 PLCex-dividend payment date
Maven Income & Growth VCT 5 PLCex-dividend payment date
MTI Wireless Edge Ltdex-dividend payment date
Nichols PLCex-dividend payment date
NWF Group PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
Pearson PLCex-dividend payment date
Pembroke VCT B PLCex-dividend payment date
Primorus Investments PLCex-dividend payment date
Schroders PLCex-dividend payment date
Triple Point Energy Transition PLCex-dividend payment date
Tristel PLCex-dividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Friday 22 March 
easyJet PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Gulf Investment Fund PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
Hercules Site Services PLCdividend payment date
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Ruffer Investment Co Ltddividend payment date
Samuel Heath & Sons PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Unilever PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-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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14 Mar 2024 10:58

IN BRIEF: easyJet prices EUR850 million of bonds at 3.75% coupon

easyJet PLC - Luton, England-based budget carrier - Prices EUR850 million of bonds under its medium-term note programme to be issued on Wednesday next week. The bonds mature in 2031 and have a coupon of 3.75%. "Over the last 18 months, easyJet has retired circa GBP1.6 billion of debt, deleveraging the balance sheet following the recovery in travel post pandemic. Part of the issuance proceeds will be used to repay existing debt as it matures over the next 18 months," the company notes. Chief Financial Officer Kenton Jarvis says: "We are very pleased with the success of this bond issue. The interest shown by investors at greater than 4x over-subscription and the competitive pricing underscores the market's confidence in easyJet's strategy."

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3 Mar 2024 15:16

Sunday newspaper round-up: EasyJet, Direct Line, Cairo

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Ryanair forced to cut summer travel schedule due to late Boeing jets

(Alliance News) - Ryanair Holdings PLC on Friday said it will have to reduce its planned flying schedule during the key summer months this year, due to late deliveries of new airplanes by troubled US manufacturer Boeing Co.

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28 Feb 2024 18:09

TOP NEWS: easyJet flies back into FTSE 100; Endeavour relegated

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28 Feb 2024 11:02

EasyJet to re-join FTSE 100 in latest reshuffle; Endeavour up for demotion

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27 Feb 2024 09:23

LONDON BROKER RATINGS: Barclays raises Flutter to 'overweight'

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26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

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20 Feb 2024 18:15

TOP NEWS: easyJet to fly back to FTSE 100 as Endeavour loses shine

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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

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15 Feb 2024 14:44

UK dividends calendar - next 7 days

Friday 16 February 
JPMorgan Asia Growth & Income PLCdividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
Murray International Trust PLCdividend payment date
Premier Miton Group PLCdividend payment date
Schroder Oriental Income Funddividend payment date
Solid State PLCdividend payment date
Monday 19 February 
no events scheduled 
Tuesday 20 February 
Invesco Bond Income Plus Ltd 
Wednesday 21 February 
no events scheduled 
Thursday 22 February 
abrdn Asia Focus PLCex-dividend payment date
Alumasc Group PLCex-dividend payment date
AstraZeneca PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
easyJet PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
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FRP Advisory Group PLCex-dividend payment date
Gateley Holdings PLCex-dividend payment date
GSK PLCex-dividend payment date
Hercules Site Services PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Molten Ventures VCT PLCex-dividend payment date
Northern Bear PLCex-dividend payment date
Redrow PLCex-dividend payment date
Samuel Heath & Sons PLCex-dividend payment date
Titon Holdings PLCex-dividend payment date
Unilever PLCex-dividend payment date
Van Elle Holdings PLCex-dividend payment date
Virgin Money UK PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
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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