The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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

UPDATE 2-Ryanair seeks to delay operations chief's flight to easyJet

Tue, 03rd Dec 2019 14:41

* Ryanair says there was a non-compete clause in bonus
scheme

* Bellew's lawyer says his client felt 'pushed out'
(Adds Ryanair CEO)

By Conor Humphries

DUBLIN, Dec 3 (Reuters) - Ryanair launched a bid in
Ireland's High Court on Tuesday to prevent operations chief
Peter Bellew from joining arch-rival easyJet until 2021, saying
he possessed information of immense competitive value and that
he had signed a non-compete clause.

Europe's biggest budget airline said in July that the former
Malaysia Airlines boss, who denies that he is bound by such a
clause, would step down at the end of the year.

But after easyJet announced Bellew's appointment as
its new chief operations officer a week later, Ryanair
filed legal proceedings to try to delay the move until 2021.

On the opening day of the case, a lawyer representing
Ryanair listed information he said the airline could not allow
to be passed to its rival, including details of delays to the
delivery of Boeing's grounded 737 MAX aircraft as well
the terms of deals Ryanair has signed with partners.

Delays to the 737 MAX have slowed down Ryanair's growth
plans and could halt the Irish airline's expansion next summer.

"Mr Bellew has all of this information ... in his head, and
it would be of immense benefit to a rival," senior counsel for
Ryanair Martin Hayden told the court, adding that it would be
far less relevant in a year's time.

Hayden told the court that the initial contract Bellew
signed in October 2017 did not include a non-compete clause, but
said a bonus scheme accepted by Bellew at the time barred him
from joining a competitor for 12 months after leaving Ryanair.

Bellew received a bonus payment of 1.13 million euros
($1.25 million) in June this year, the court heard.

Bellew left his role as CEO of Malaysia Airlines two years
ago to return to Ryanair, where he had been director of flight
operations before leaving for Kuala Lumpur in 2014.

STAFF UNREST

Tasked with tackling a pilot revolt that resulted in
Ryanair's first ever strikes, Bellew was part of an effort to
patch up relations with staff and agree deals on pay and
conditions with trade unions that have quelled the unrest.

But by late 2018, Chief Executive Michael O'Leary told the
court, there were "problems emerging on a weekly basis" and in
November he sent Bellew a memo to say his performance was
unacceptable.

O'Leary read out parts of a reply Bellew had sent a few days
later, describing the operations chief's response the the
criticism as "gobbledygook" and "waffle".

In March 2019 Bellew was told in an annual performance
review that he would not be offered fresh share options.

O'Leary learned of Bellew's plans to move to easyJet only a
day before the British company announced the plan, Hayden said.
Correspondence between Bellew and O'Leary became "quite fulsome"
after this, Hayden told the court.

Bellew has not commented publicly on the case, but his
solicitor John Rogers told the court that his client felt he had
been "pushed out" of Ryanair by O'Leary.

An Irish national, Bellew had been viewed in some quarters
as a possible successor to O'Leary. Bellew described his return
to Ryanair in 2017 as "a form of national service" to help what
he described as Ireland's greatest company.

An easyJet spokeswoman declined to comment on the case,
which is expected to last until the end of the week.
($1 = 0.9073 euros)
(Additional reporting by Padraic Halpin
Editing by Mark Potter and David Goodman)

More News
29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

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

Read more
28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

Read more
28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

Read more
28 Nov 2023 12:04

LONDON MARKET MIDDAY: Equities fall but pound still sits above USD1.26

(Alliance News) - Stock prices in Europe were lower on Tuesday afternoon, as sentiment continues to to-and-fro between risk-on and risk-off, with remarks from central bankers in focus.

Read more
28 Nov 2023 09:14

TOP NEWS: easyJet hails record year as brings back dividend

(Alliance News) - easyJet PLC on Tuesday celebrated a "record" set of full-year results as it reinstated its dividends and reported a swing to profit.

Read more
28 Nov 2023 08:53

LONDON MARKET OPEN: Stocks slide in Europe; Rolls-Royce outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, amid a lack of strong positive catalysts to provide momentum.

Read more
28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

Read more
28 Nov 2023 07:05

easyJet reinstates dividend after swinging to full-year profit

(Sharecast News) - Budge airline easyJet swung to a profit in its annual results after a record second-half financial performance as it delivered a positive outlook for the year ahead and reinstated its dividend.

Read more
27 Nov 2023 10:27

Tuesday preview: Fedspeak, Easyjet in focus

(Sharecast News) - The market spotlight on Tuesday will be on speeches from a trio of top officials at the U.S. Federal Reserve.

Read more
21 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

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

Read more
16 Nov 2023 07:47

LONDON BRIEFING: Burberry cuts guidance; Mars to buy Hotel Chocolat

(Alliance News) - Stocks in London are called flat on Thursday, as Asian markets succumb to profit taking after recent gains.

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 16:45

London close: Stocks mixed, Ryanair leads low-cost airlines higher

(Sharecast News) - London's stock markets finished mixed on Monday, with low-cost airlines in focus as investors cheered Ryanair's latest figures.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

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.