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LON100:EZJ, Jan 22, 05:16 UTC

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FTSE 100 movers: Evraz slumps; EasyJet flies higher on guidance upgrade

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FTSE 100 movers: Evraz slumps; EasyJet flies higher on guidance upgrade. "When we upgraded Pearson to buy in September 2019, we thought that group margins could be sustained as the impact of declines in US HE Courseware (24% of group revenues) could be offset by growth in other businesses, and further costs could be removed from the business. This thesis has not played out," it said.On the upside, easyJet flew higher as the budget airline bumped up its first-half revenue guidance and said it expects a narrower first-half headline pre-tax loss compared with 2019's £275m. FTSE 100 - RiserseasyJet (EZJ) 1,521.50p 4.93%Legal & General Group (LGEN) 308.40p 2.05%Melrose Industries (MRO) 241.50p 1.51%Hargreaves Lansdown (HL.) 1,802.50p 1.44%Associated British Foods (ABF) 2,665.00p 1.41%Auto Trader Group (AUTO) 589.20p 0.96%Lloyds Banking Group (LLOY) 58.45p 0.95%Royal Bank of Scotland Group (RBS) 224.70p 0.90%Berkeley Group Holdings (The) (BKG) 5,184.00p 0.82%Kingfisher (KGF) 213.60p 0.75%FTSE 100 - FallersEvraz (EVR) 403.10p -5.42%Informa (INF) 828.20p -3.41%InterContinental Hotels Group (IHG) 4,987.00p -3.09%International Consolidated Airlines Group SA (CDI) (IAG) 637.80p -2.95%NMC Health (NMC) 1,460.00p -2.67%Antofagasta (ANTO) 954.80p -2.19%Imperial Brands (IMB) 1,995.80p -2.09%Rio Tinto (RIO) 4,583.50p -2.00%Pearson (PSON) 578.40p -1.73%BHP Group (BHP) 1,811.40p -1.62%.

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EasyJet reports strong first quarter boosted by Thomas Cook collapse

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To find out more, read our privacy policy and cookie policy. It ascribed about one-fifth of that growth to the collapse of rival Thomas Cook last September. While it traditionally struggles to make money through the winter months, easyJet said it was on target for losses “better than 2019” in the first half of the financial year, despite an increased fuel bill. Johan Lundgren, easyJet chief executive, said the airline had “made a strong start to the year with continued positive momentum”. In a letter to fellow shareholders, he said that as the slow growth in the number of seats flown had led to higher revenues, “I’m pleased to see in today’s Q1 results that my theory about airline economics remains true”.

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Stocks - Europe Slumps; Hugo Boss, EasyJet Outperform

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Investing.com - European stock markets slumped Tuesday, amid worries over a new pneumonia-like virus in China and the impact this could have on global growth. At 04:15 ET (0910 GMT), the DAX traded 69 points, or 0.5% lower. France's CAC 40 was down 58 points, or 1%, while the FTSE 100 in the U.K. dropped 84 points, or 1.1%, weighed by disappointing corporate news. Elsewhere, U.S. President Donald Trump is set to deliver a speech at the World Economic Forum in Davos, Switzerland, while economic releases mainly consist of U.K. employment numbers at 4:30 AM ET (0930 GMT) and the German ZEW Economic Sentiment release at 5:00 AM ET (1000 GMT).

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LONDON MARKET OPEN: easyJet Climbs After Raising...

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(Alliance News) - Stock prices in London opened lower on Tuesday amid concerns over the spread of ... (Alliance News) - Stock prices in London opened lower on Tuesday amid concerns over the spread of a virus in China, while easyJet bucked the trend as the airline reported a solid start to its financial year. On the London Stock Exchange, easyJet was the only blue-chip stock to open in the green, up 2.1% after the budget airline raised its revenue per seat guidance. For the first quarter to December 31, easyJet said revenue rose 9.9% to GBP1.43 billion, passenger revenue increased 9.7% to GBP1.12 billion and ancillary revenue increased by 11% to GBP301 million. At the other end of the large cap index, BHP Group was down 1.7% after the Anglo-Australian miner kept the majority of its annual production guidance unchanged. For the six months to the end of December, BHP's copper production was 885,400 tonnes, up 7% from 825,300 tonnes the year before, as output grew from the Escondida and Pampa Norte mines in Chile, and the Olympic Dam mine in Australia. In China, the Shanghai Composite closed down 1.4%, while the Hang Seng index in Hong Kong closed down 2.7%. Asia stepped up its defences Tuesday against a new SARS-like virus, introducing mandatory screenings at airports of arrivals from high-risk areas of China as authorities move to head off a billowing regional health crisis.

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Friday, January 17


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The week ahead: ECB rate decision; easyJet, Netflix results

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In this week’s video, UK chief market analyst, Michael Hewson, discusses the reasons behind the new record highs for US markets, the latest UK data, the prospect of a Bank of England rate cut and the latest decisions from the ECB and Bank of Canada, plus the latest numbers from easyJet and Netflix. Tuesday: Since the lows of last summer, easyJet’s share price has risen more than 76%, boosted by improvements in passenger numbers as well as higher revenue and profit. The airline will have also reaped the benefits from the breakdown of Thomas Cook, having already paid £36m for the collapsed package-holiday firm’s slots at Gatwick and Bristol Indeed, Ryanair upgraded its numbers earlier this month, having struggled for most of the year due to industrial unrest. Tuesday: The launch of Disney+ and Apple TV+ in the last quarter could have negatively impacted Netflix subscriber growth over the Thanksgiving and Christmas period. As the global number one streaming service, Netflix is acutely vulnerable to the much deeper pockets of two of the world’s biggest brands. As things stand, the company is already spending more on content in an attempt to maintain its market position. However, to make that sustainable, it also needs to add new subscribers at a much faster rate than its wealthier peers.

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Wednesday, January 15


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EasyJet to return to Sharm el-Sheikh after travel ban lifted

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EasyJet to return to Sharm el-Sheikh after travel ban lifted. EasyJet is resuming flights to Egypt’s Red Sea resort of Sharm el-Sheikh for the first time in nearly five years, following the lifting of travel restrictions to the area. The airline said two flights a week would be launched from Manchester Airport from June 7, and flights from London Gatwick will commence on September 30. UK airlines were banned from flying to the region following the bombing of a Russian plane soon after take-off from Sharm el-Sheikh airport, killing all 224 people on board, in November 2015. But in October last year, the Department for Transport (DfT) lifted restrictions due to “improvements in security procedures” and “close co-operation between our aviation security experts and their Egyptian counterparts”.

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EasyJet joins Tui in restarting flights to Sharm el-Sheikh

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UK officials declared last autumn that it was safe again for direct flights to the Egyptian resort to resume. EasyJet says it will restart flights to Sharm el-Sheikh in June, more than four years after direct services from the UK were banned on safety grounds. The atrocity forced the UK to order the repatriation of around 16,000 tourists in a series of rescue flights as the airport's security procedures were considered high risk. The UK's biggest travel operator, Tui, announced several weeks later that it would resume holidays in Sharm from February.

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Monday, January 13


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Cheap flights and holidays in January: best Ryanair, EasyJet, BA holiday tickets and more

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From 10 per cent off flights with Ryanair to £200 off easyJet's newly-launched holiday platform, you'll need to be quick as a lot of these offers are for a limited time only. Easyjet Holidays is currently offering up to £200 off its newly-launched package holidays in January and there’s also the addition of free child places on some destinations including Portugal and Spain. The package holiday provider has sale codes offering £200 off holidays when you spend £3,000 or more. If that’s out of your price range, you can still save on holidays worth more than £750. Return flights to Melbourne start at £682 per person with Qantas when booking this January. If Australia is a bit too far Qantas also has flights to Singapore on sale with a return from London priced from £459 per person. For full details of the Qantas sale, visit qantas.com.

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Wednesday, December 25


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easyJet (EZJ) – Research Analysts’ Weekly Ratings Changes – Slater Sentinel

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Several brokerages have updated their recommendations and price targets on shares of easyJet (LON: EZJ) in the last few weeks:. 11/19/2019 – easyJet had its price target raised by analysts at Credit Suisse Group AG from GBX 1,206 ($15.76) to GBX 1,431 ($18.70). Shares of EZJ stock traded down GBX 12.50 ($0.16) during trading hours on Monday, hitting GBX 1,325.50 ($17.32). The company has a debt-to-equity ratio of 63.95, a current ratio of 0.79 and a quick ratio of 0.65. easyJet plc has a fifty-two week low of GBX 840 ($10.98) and a fifty-two week high of GBX 1,367.50 ($17.87).

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Monday, December 23


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Irish court rules Ryanair COO can move to rival easyJet

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SECTIONS. Home. World. Markets. Business. Politics. Technology. U.S. Irish court rules Ryanair COO can move to rival easyJet. (Reuters) - The Irish High Court on Monday rejected Ryanair's (RYA.I) attempt to prevent operations chief Peter Bellew from joining rival easyJet (EZJ.L) until 2021, saying a 12-month non-compete clause was unenforceable. "I find that the restraint on employment in any capacity... has not been shown to be justifiable," Judge Senan Allen said in a ruling. Download the app to read more Reuters News.

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