RE: Opening price tomorrow18 Nov 2018 11:11
Today's The Times:
Today's The Times:
Profits at easyJet, led by Johan Lundgren, up as rivals crash out. easyJet (EZJ) is set to report surging profits after benefiting from the demise of rivals, including Monarch. The budget carrier’s boss, Johan Lundgren, is expected to set new growth targets when he reports results for the year to the end of September on Tuesday. Analysts expect easyJet, Europe’s second-biggest carrier behind Ryanair, to post profits of £570m- £580m, versus £385m a year ago, on about £5.8bn of sales. EasyJet benefited from Monarch’s collapse in October last year, and Air Berlin’s demise in August.
STOB Andrew Tinkler wins round one in legal bout with Stobart Group. Stobart Group Ltd. (STOB) has lost one High Court clash against its controversial former chief executive Andrew Tinkler — but a second case continues. Stobart took Tinkler to court over £4m of tax liabilities related to WA Developments, a company bought by Stobart from Tinkler and his business partner William Stobart in 2008, when Tinkler was about to become boss. On Friday, Stobart lost the case. It said it would appeal, adding: “The board has a duty to try to recover monies it believes are owed.” Tinkler, 55, is still fighting a second case brought by Stobart. He denies alleged breaches of fiduciary duty.