Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWizz Air Share News (WIZZ)

Share Price Information for Wizz Air (WIZZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,410.00
Bid: 2,434.00
Ask: 2,438.00
Change: -82.00 (-3.29%)
Spread: 4.00 (0.164%)
Open: 2,484.00
High: 2,504.00
Low: 2,392.00
Prev. Close: 2,492.00
WIZZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET MIDDAY: Stocks tread water ahead of US tech earnings

Mon, 24th Apr 2023 12:13

(Alliance News) - Stocks in London were directionless at midday on Monday, in a quiet start to a big week for economic indicators and company earnings.

"Trading is likely to stay cautious ahead of a raft of big tech results out this week, and the snapshot of US output with first quarter GDP numbers out on Thursday," said Susannah Street, head of money and markets at Hargreaves Lansdown.

The FTSE 100 was marginally in the red, weighed by a poor performance by oil majors. The index was down 3.03 points at 7,910.88.

The mid-cap FTSE 250 was up 18.24 points, or 0.1% at 19,288.38, but the AIM All-Share was down 0.36 of a point at 829.94.

The Cboe UK 100 was up 0.1% at 791.50, the Cboe UK 250 was up 0.4% at 16,919.70, and the Cboe Small Companies was up 0.1% at 13,821.12.

Shell and BP were amongst the worst blue-chip performers at midday. The stocks were 0.9% and 0.7% lower, respectively, weighed down by softening oil prices.

Brent oil was quoted at USD81.19 a barrel at midday in London on Monday, soft from USD81.23 late Friday. A week ago, Brent fetched USD85 a barrel.

"With most central banks still battling to control inflation and set for further interest rate hikes, a growing number of traders and investors are assuming a scenario of lower-than-previously-expected oil demand. Unless there is an increase in demand for crude, the cuts in production recently announced by OPEC+ are unlikely to offer much support to the price of the barrel, with the whole scenario largely hinging on developments in China," said Ricardo Evangelista, senior analyst at ActivTrades.

Faring better, JD Sports, CRH and abrdn were the top performers in the FTSE 100 at midday. The stocks were up 1.9%, 1.4%, and 1.3%, respectively.

In the FTSE 250, Trainline climbed 3.6% to the top of the index after UBS raised the ticketing platform to 'buy' from 'neutral' with a price target of 300 pence. The stock is currently trading at 248.60p.

Wizz Air rose 3.4% as Citigroup raised the low-cost airline to 'neutral' with a price target of 3,000p. The stock is currently trading at 2,871.00p.

The Budapest-based airline on Monday announced a GBP5 million investment in biofuel company Firefly. The investment represents Wizz Air's first in sustainable aviation fuel research and development, it said.

The partnership will allow Wizz Air to supply up to 525,000 tonnes of sustainable aviation fuel over 15 years to its UK operations, starting from 2028. The agreement has the potential to save 1.5 million tonnes of carbon dioxide equivalent, the airline said.

Elsewhere in London, Medica surged 33% after it said it has reached an agreement with private equity firm IK Investment Partners, on a takeover.

Moonlight Bidco, a wholly owned vehicle of IK Investment, will acquire the telemedicine services provider for 212 pence per share in cash. The deal values all of Medica at GBP269 million.

The price represents a 33% premium to the shares' closing price of 160.0 pence on Friday. The stock is currently trading at 212.17p.

Peel Hunt analysts Miles Dixon and Edward Sham said: "Whilst we appreciate that some investors may want to see a premium greater than 32%, Medica's share price has been range-bound for some time (significantly longer than the style rotation), and we believe this is a good price for a business that, in our view, requires investment in technology in order to maintain its market-leading position."

On AIM, Karelian Diamond Resources jumped 8.8% after it said exploration programmes are planned to begin in the Kuhmo region of Finland for diamonds and in Northern Ireland for nickel, copper and platinum group metals.

Chair Richard Conroy said: "The work, in both cases, will give us additional information and in relation to Finland could include the discovery of diamonds in one or more of the kimberlite targets."

In European equities on Monday, the CAC 40 in Paris was down 0.1%, while the DAX 40 in Frankfurt was flat.

Germany business sentiment improved slightly in April, survey data showed. According to the ifo, the Business Climate index rose to 93.6 points in April from 93.2 in March.

"This was due to companies' improved expectations. However, companies assessed their current situation as a little worse. German business's worries are abating, but the economy is still lacking dynamism," ifo said.

Stocks in New York were called lower, with the Dow Jones Industrial Average, the S&P 500 index, and the Nasdaq Composite all seen down 0.2%.

US shares ended higher on Friday amid better economic news for the US private sector after a week of banking earnings. This week, investors will be switching their attention from banks to big tech, with Microsoft, Alphabet, Amazon and Meta all reporting their earnings.

"Cost-cutting has been a key driver for many of their share prices [in the tech sector] in recent months, yet investors will want to know that underlying business is still healthy otherwise the recent rally in US tech names could grind to a halt," said Russ Mould, investment director at AJ Bell.

Also eagerly watched this week will be an estimate of US gross domestic product, out on Thursday at 1330 BST.

"The picture is expected to show that the world's largest economy is showing signs of stalling, and that's before the lag effect of the most recent rate hike takes effect, and the repercussions of the banking scare have shown up. With more interest rate rises forecast, and a contraction in lending expected, the worry is that the world's largest economy will start shrinking, having knock-on effects on demand for goods around the globe," said Susannah Streeter at Hargreaves Lansdown.

In the final three months of 2022, US GDP expanded by 2.6% from the preceding quarter in the final three months of 2022. Markets are expecting GDP growth to slow to 2.0% in the first quarter of 2023, according to FXStreet.

The dollar was mixed. The pound was quoted at USD1.2447 at midday on Monday in London, higher compared to USD1.2410 at the close on Friday. The euro stood at USD1.1008, higher against USD1.0974. Against the yen, the dollar was trading at JPY134.57, higher compared to JPY134.28.

Gold was quoted at USD1,984.77 an ounce, sharply higher against USD1,977.53.

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Jan 2024 12:25

Aviation industry needs to refocus, says Wizz Air CEO

LONDON, Jan 25 (Reuters) - The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin panel blew off a Boeing 737 MAX 9 Alaska Airlines plane, Wizz Air CEO Jozsef Varadi told Reuters on Thursday.

Read more
25 Jan 2024 12:07

LONDON MARKET MIDDAY: Stocks down before expected ECB hold and US data

(Alliance News) - Stock prices in London were down at midday on Thursday, in tepid trade ahead of an expected interest rate hold from the European Central Bank and a US gross domestic product reading.

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 09:20

Wizz Air swings to loss amid Israel-Hamas war but sees revenue jump

(Alliance News) - Wizz Air Holdings PLC on Thursday said revenue grew by double-digits in the third quarter of its financial year, but reported that it swung to a loss on higher costs relating to the ongoing Middle East conflict.

Read more
25 Jan 2024 09:17

Aviation industry needs to refocus, says Wizz Air CEO

LONDON, Jan 25 (Reuters) - The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin panel blew off a Boeing 737 MAX 9 Alaska Airlines plane, Wizz Air CEO Jozsef Varadi told Reuters on Thursday.

Read more
25 Jan 2024 08:47

LONDON MARKET OPEN: Stocks drift lower before ECB decision

(Alliance News) - Stock prices in London opened lower on Thursday, amidst uncertainty ahead of the European Central Bank rate call.

Read more
25 Jan 2024 07:41

LONDON BRIEFING: Haleon sells ChapStick; RS reports market weakness

(Alliance News) - Stocks in London are called slightly lower on Thursday, ahead of a central bank decision in the eurozone, and US economic growth data.

Read more
25 Jan 2024 07:33

Wizz Air sees Q3 revenues jump despite cancelled Israel flights

(Sharecast News) - Shares in Wizz Air fell on Thursday after the low-cost airline said it expects capacity - as measured by available seat kilometres (ASK) - to be flat next financial year.

Read more
23 Jan 2024 15:03

Ryanair sees scope to expand further in Italy

Ryanair sees slots freed up by ITA-Lufthansa deal

*

Read more
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:

Read more
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:

Read more
21 Jan 2024 12:08

Air traffic climbs at Israel's Tel Aviv airport in 2023 but war weighs

JERUSALEM, Jan 21 (Reuters) - Air travel to and from Israel plunged in the last three months of 2023 amid the Israel-Hamas conflict, but the number of passengers travelling through Ben Gurion International Airport near Tel Aviv still rose 10% in 2023.

Read more
19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

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

Read more
19 Jan 2024 07:49

LONDON BRIEFING: UK retail sales see shock fall; 4imprint trades well

(Alliance News) - Stocks in London look set to recover some of the week's lost ground at Friday's market open.

Read more
18 Jan 2024 16:28

UK earnings, trading statements calendar - next 7 days

Friday 19 January 
4imprint Group PLCTrading Statement
Close Brothers Group PLCTrading Statement
Deliveroo PLCTrading Statement
DFS Furniture PLCTrading Statement
Petershill Partners PLCTrading Statement
S4 Capital PLCTrading Statement
Spirent Communications PLCTrading Statement
Monday 22 January 
Baillie Gifford US Growth Trust PLCHalf Year Results
City of London Investment Group PLCTrading Statement
Edinburgh Worldwide Investment Trust PLCFull Year Results
Polar Capital Global Financials Trust PLCFull Year Results
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
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
Watkin Jones PLCFull Year Results
Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group 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
  
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

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.