Aer Lingus profits grow November 5, 2013 Irish airline Aer Lingus yesterday reported a 4.4 per cent rise in operating profit to €94.9m (£79.9m) for the three months to the end of September, as a 0.9 per cent drop in passengers was offset by tight cost control. The firm said tough competition on fares in Europe had kept a lid on growth, [...]
What the other papers say this morning – 28 November 2013 November 27, 2013 FINANCIAL TIMES JPMorgan eyed metals unit in 2012 JPMorgan Chase drew up plans to sell part of its metals warehousing empire last year as it faced pressure to show regulators that the business fitted with the activities of a bank, according to newly released documents. American-US Airways merger cleared The long-running effort to merge US [...]
Analyst Views: Are you pleased with Easyjet’s results? November 19, 2013 TREVOR GREEN AVIVA INVESTORS As shareholders in EasyJet, the final results and outlook statement provided us with further evidence that the strategy being implemented by Carolyn McCall is succeeding. She is also proving to be adept at balancing shareholder returns via a special dividend announcement along with a long term growth strategy. GERT ZONNEVELD PANMURE [...]
Fact or Fiction 2013 December 19, 2013 Six of these stories happened in 2013, six didn’t – can you spot the real ones? 1 Ex-Goldman Sachs-er “Fabulous” Fabrice Tourre pulled out a love letter as part of his defence during his trial in New York. 2 The Lloyd’s of London building was sold to a Malaysian firm for £300m. 3 Tesco was [...]
Best of the Brokers for 06 November 2013 November 5, 2013 AFRICAN BARRICK GOLD Westhouse Securities has downgraded the FTSE 250-listed gold miner from a “neutral” to “sell” recommendation after strong third quarter results caused a share price rally. It has increased its target price on the stock from 115p to 170p, after raising its gold price forecast for the year. HENRY BOOT Numis has initiated [...]
EasyJet sets a course to break its profit record November 18, 2013 EASYJET is expected to smash through its profit record for the third year in a row tomorrow after its push into business travel and the introduction of new routes boosted turnover per passenger. The low-cost airline said last month that it expected to report annual profits of between £470m and £480m, up from £317m the [...]
French strike to delay flights October 9, 2013 Flights to and from France face disruption today due to a strike by air traffic controllers that has prompted companies including EasyJet, Ryanair and Lufthansa to scale back their normal schedule. France’s DGAC civil aviation authority said it was urging airlines to cut services by 10 per cent, particularly on links between France and Spain, [...]
EasyJet gives investors £175m as profits surge November 19, 2013 EASYJET shareholders welcomed a £175m special dividend yesterday after the budget airline’s move into allocated seating helped push profits up a whopping 51 per cent. The FTSE 100 firm said revenues per seat were up seven per cent, surpassing a four per cent rise in passengers, as reserved seats and other add-ons proved popular. Boss [...]
Bottom Line: Results to show benefit of planning ahead November 18, 2013 LAST week, EasyJet revealed that it had finished testing its volcano-busting aircraft sensors, allowing planes to dodge ash clouds and keep flying after eruptions like the one that crippled European airspace in 2010. The experiment, which required EasyJet and its partners to throw a metric tonne of ash into the sky before flying four planes [...]
All Irish eyes are smiling at debut London awards October 24, 2013 CITY slickers rubbed shoulders with celebrities yesterday lunchtime at the inaugural London Irish Business Awards ceremony, held at the London Stock Exchange. Organised by Ireland Inc, a private sector body set up to advance Irish business interests, the gathering handed out gongs to corporates and individuals it considered to have made an outstanding contribution to [...]