EZJ.L - easyJet plc
| Previous close | 1,256.00 |
| Open | 1,242.50 |
| Bid | 1,235.50 x 0 |
| Ask | 1,237.50 x 0 |
| Day's range | 1,235.00 - 1,268.00 |
| 52-week range | 840.00 - 1,367.50 |
| Volume | 2,910,139 |
| Avg. volume | 2,700,417 |
| Market cap | 4.906B |
| Beta (3Y monthly) | 1.13 |
| PE ratio (TTM) | 25.26 |
| EPS (TTM) | 48.90 |
| Earnings date | 19 Nov 2019 |
| Forward dividend & yield | 0.59 (4.59%) |
| Ex-dividend date | 2019-02-28 |
| 1y target est | 1,479.74 |
- Reuters - UK Focus
UPDATE 3-Norwegian Air, JetBlue tie up to expand transatlantic network
* Allow passengers to fly between Europe, U.S. OSLO, Oct 17 (Reuters) - Norwegian Air and New York's JetBlue Airways plan a partnership enabling passengers flying between Europe and the United States to continue to multiple destinations under a single booking, potentially boosting traffic and average fares. The airlines said in a joint statement on Thursday that if agreed the partnership would come into effect in the middle of next year.
- Reuters - UK Focus
UPDATE 2-Dart Group sees demand boost after Thomas Cook collapse
Dart Group, the owner of British airline and tour operator Jet2, raised its profit guidance on Friday as it boosted passenger numbers following the collapse of former rival Thomas Cook last month, sending its shares soaring almost 13%. Dart, which runs package holiday company Jet2holidays, said it had received good levels of late season bookings in its leisure travel business, with strong demand for its flight-only and package holiday products. Thomas Cook, the world's oldest travel company whose shops have been a feature of British town centres for generations, collapsed last month, stranding tens of thousands of passengers as its UK business went into liquidation.
- Reuters - UK Focus
UPDATE 1-British Airways adds Turkey destination after Thomas Cook collapse
British Airways announced the launch of a new flight from London's Gatwick Airport to the Turkish resort of Antalya, once among Thomas Cook's most popular routes, as airlines jostle to fill the void left by its collapse. BA, owned by IAG, said on Wednesday the six-per-week service would begin next April, in conjunction with a promotional British Airways Holidays offer. Thomas Cook's British arm entered liquidation after the group's collapse last month.
- Reuters - UK Focus
British Airways launches new Turkish route after Thomas Cook collapse
British Airways announced the launch of a new flight from London's Gatwick Airport to the Turkish resort of Antalya on Wednesday, once one of Thomas Cook's most popular routes, as airlines jostle to fill the void left by its collapse. British Airways, owned by IAG, said that the six-per-week service would begin on April 30 2020, and also promoted the flight with a British Airways Holidays offer. Thomas Cook collapsed last month, with its UK business entering liquidation.
- Reuters - UK Focus
UPDATE 2-European shares rise on trade optimism, Germany up 1%
* China willing to make partial trade deal with U.S. Oct 9 (Reuters) - German shares logged their best day in six weeks on Wednesday, leading the charge among European shares, as sentiment was lifted by signs of progress in U.S.-China trade relations a day ahead of high-level talks between the two parties. Reports that China was still open to agreeing to a partial trade deal with the United States, and that Beijing was offering to increase its annual purchases of U.S. agricultural products, came as signs of compromise, but analysts remain skeptical.
- Simply Wall St.
Is There Now An Opportunity In easyJet plc (LON:EZJ)?
easyJet plc (LON:EZJ), which is in the airlines business, and is based in United Kingdom, saw a significant share...
- Fool.co.uk
EasyJet is set to beat its profit forecast. Should I buy its shares now?
easyJet expects higher-than-expected profits, but there’s room for caution.
- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: Brexit, trade war, what's not to like?
FTSE down 0.8% * London midcaps hit lowest in more than 2 months as sterling falls * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Wall Street falls as mood sours ahead of China-U.S. trade talks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: BREXIT, TRADE WAR, WHAT'S NOT TO LIKE? On the bright side, the rhetoric between the UK and the EU on a possible collapse in negotiations has somewhat helped the FTSE (-0.8) somewhat with a falling pound providing its usual hedge.
- Reuters - UK Focus
LIVE MARKETS-What's up with easyJet's drop?
FTSE down 0.2% * London midcaps hit lowest in more than 2 months as sterling falls * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Wall Street falls as mood sours ahead of China-U.S. trade talks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Dealers were almost unanimous in calling the budget carrier shares up before the opening bell after it forecast full-year profit would come in towards the top end of expectations, a rare piece of good news in the airline sector as it struggles with competition over fares and overcapacity in Europe.
- Fool.co.uk
What happened in the stock market today
Roland Head looks at the stories behind today's big stock market movers.
- Reuters
UPDATE 2-Airbus faces record Q4 delivery task to hit goal
Airbus shares rose on Tuesday as investors bet a 13.5% rise in nine-month deliveries put it within reach of a full-year goal despite factory snags, while the cancellation of five jets from struggling Norwegian Air took the edge off 41 new orders. Monthly company data issued late on Monday left the European planemaker's deliveries and new orders well ahead of U.S. rival Boeing in a slow year for a commercial aerospace industry beset by negative headlines on safety and trade tensions.
- Reuters - UK Focus
LIVE MARKETS-What a difference a year makes!
FTSE down 0.2% * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Futures point to weaker Wall Street open Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Taking a look at this slide from the JP Morgan AM International Media Summit in London this afternoon, it's quite striking to see how few people in 2018 could imagine the Fed not tightening rates, let alone cut them! Here's the slide in question: (Julien Ponthus and Thyagaraju Adinarayan) ***** EUROPE HITS REVERSE: NO BREXIT OR TRADE BREAKTHROUGHS IN SIGHT (1139 GMT) The Brexit angst may be supporting the FTSE thanks to its depressing effect on the pound but the picture elsewhere in Europe isn't looking good and major indexes have now gone unequivocally into reverse to trade down sharply near session lows.
- Bloomberg
European Stocks Drop as Trade Tension, Brexit Dial Up the Gloom
(Bloomberg) -- European stocks sank, snapping two days of gains, amid renewed trade tensions between China and the U.S. and as Brexit talks faced yet another impasse.The Stoxx Europe 600 Index was down 0.9% as of 12:51 p.m. in London, with all industry groups lower. China indicated it would strike back after the U.S. blacklisted eight of its tech giants, while Bloomberg reported that the Trump administration is moving ahead with discussions about possible restrictions on capital flows into China, with a particular focus on investments made by U.S. government pension funds.“There’s a clear escalation between the U.S. and China today, which doesn’t bode well for a deal later this week,” said Alexandre Baradez, chief market analyst at IG France. “A big chunk of the gains in European stocks this year has been on hopes of a trade deal, so clearly the risk is on the downside at this point.”The drop in European stocks was broad based, with travel and leisure shares among the worst hit after EasyJet Plc postponed an update on its outlook for next year. Banks also tumbled, with both Deutsche Bank and Commerzbank down 3.8%.In the U.K., Prime Minister Boris Johnson told German Chancellor Angela Merkel a Brexit deal is essentially impossible if the EU demands Northern Ireland should stay in the bloc’s customs union, sending the pound lower. The FTSE 100, which tends to have a negative correlation to the currency, fell 0.2%, while the more domestic-focused FTSE 250 index lost 0.9%.Last week, European equities had their worst drop in two months as concerns about global growth sent investors running for the exit.Among the biggest movers, Qiagen NV tumbled 20% after reporting disappointing earnings and as its chief, Peer Schatz, decided to step down. Uniper SE dropped 7.5% after Fortum Oyj agreed to acquire a majority stake in the company.To contact the reporters on this story: Ksenia Galouchko in London at kgalouchko1@bloomberg.net;Namitha Jagadeesh in London at njagadeesh@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
LIVE MARKETS-Europe hits reverse: no Brexit or trade breakthroughs in sight
FTSE down 0.2% * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Futures point to weaker Wall Street open Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net EUROPE HITS REVERSE: NO BREXIT OR TRADE BREAKTHROUGHS IN SIGHT (1139 GMT) The Brexit angst may be supporting the FTSE thanks to its depressing effect on the pound but the picture elsewhere in Europe isn't looking good and major indexes have now gone unequivocally into reverse to trade down sharply near session lows. Downbeat noise from the Sino-U.S. trade talks is another dampener.
- Reuters - UK Focus
LIVE MARKETS-Thumbs down for European banks
FTSE down 0.3% * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Qiagen tanks after disappointing update, CEO to step down * Futures point to weaker Wall Street open Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Almost 40% of delegates at Bloomberg's investor conference in London polled on Tuesday reckon the worst is still to come for the battered sector, while 45% of those surveyed (about 200 in the room) says the toxic combination of Brexit and the economic slowdown in Germany, Europe's top economy, spells more trouble for the industry.
- Reuters - UK Focus
LIVE MARKETS-FTSE: Brexit angst to the rescue
FTSE down 0.2% * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Qiagen tanks after disappointing update, CEO to step down * Futures point to weaker Wall Street open Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net FTSE: BREXIT ANGST TO THE RESCUE (1043 GMT) Well one thing is for sure, the reason's behind the FTSE's outperformance versus its European peers this morning can't be pinged on Hong Kong's bourse dropped $39 billion approach for the LSE. Rather, in a familiar trade since the 2016 referendum, Brexit angst is putting pressure on the pound and through that, propping up British blue chips with strong exposure to foreign currencies.
- Reuters - UK Focus
LIVE MARKETS-HK protests a "powerful drag" on European luxury
FTSE down * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Qiagen tanks after disappointing update, CEO to step down Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net HK PROTESTS A "POWERFUL DRAG" ON EUROPEAN LUXURY (1035 GMT) Europe's luxury goods sector has had a tough summer with protests in Hong Kong hurting Asia sales and Bank of America Merrill Lynch analysts believe that'd be a "powerful" drag on their third quarter and potentially fourth-qaurter results as the political demonstrations continue.
- Reuters - UK Focus
LIVE MARKETS-European stocks: Humans just don't get it
FTSE flat * German industrial output rises unexpectedly in August * LSE drops after Honk Kong Exchanges ditches takeover bid * Qiagen tanks after disappointing update, CEO to step down Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net EUROPEAN EQUITIES: HUMANS JUST DON'T GET IT (0955 GMT) Sometimes a simple quote tells everything you need to know about a story, so here you go: The quote comes from S&P's Indices Versus Active Funds Europe Scorecard and it's pretty self explanatory. "Among the 23 categories of active funds domiciled in Europe, all but three underperformed over the one-year period ending June 30, 2019", it added.
- Reuters - UK Focus
LIVE MARKETS-Autos: "No more profit warnings, an unusual feeling"
FTSE flat * German industrial output rises unexpectedly in August * LSE drops after Honk Kong Exchanges ditches takeover bid * Qiagen tanks after disappointing update, CEO to step down Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. "Global sales & production expectations have settled in the minus 4-5% range y/y for 2019 and currently we see no reason for further downward revisions," analysts at the Swiss bank say. Autos are the fifth-worst performing sector in Europe so far in 2019, up 3.6%.
- Reuters - UK Focus
UPDATE 2-European stocks drop on trade, Brexit anxiety; Qiagen tumbles 21%
European shares fell on Tuesday as an escalation in U.S.-China trade tensions and Brexit worries along with disappointing corporate news dented sentiment. The U.S. government widened its trade blacklist to include some of China's top artificial intelligence (AI) startups on Tuesday, and a South China Morning Post report said China had toned down its expectations ahead of high-level talks between Washington and Beijing this week.
- Reuters - UK Focus
UPDATE 2-UK shares succumb to Brexit fears; LSE drops as Hong Kong nixes bid
UK-focused stocks from Tesco to housebuilders sank on Tuesday as worries over a no-deal Brexit peaked after a Downing Street source said a divorce deal was essentially impossible, while LSE dropped after the Hong Kong bourse dropped its takeover bid. The FTSE 250 index, whose constituents make half their earnings from the UK, stumbled to its lowest in more than a month and ended 1.1% lower.
- The Guardian
EasyJet says BA and Ryanair strikes have boosted its profits
Airline says headline pretax profits will be £420m to £430m, down on last year’s £578m. EasyJet has been given a lift by recent strikes at rivals British Airways and Ryanair, which boosted its revenues and profits. The budget airline expects to make headline pretax profits of £420m to £430m for the year to 30 September. This is at the top end of City forecasts but will still be below last year’s profits of £578m. More than 2,000 BA flights were grounded last month when pilots went on strike for two days. BA owner IAG has warned that the walkouts would reduce this year’s profits by €137m (£122m). There are additional costs caused by threatened strikes by ground staff at Heathrow airport and lower bookings at its Vueling carrier, which means IAG’s full-year operating profits will be €215m lower than last year’s €3.48bn. Ryanair pilots also took industrial action in September, prompting some travellers to switch to other airlines, although Ryanair flights ran as scheduled in the end. EasyJet said the strikes helped its revenue per seat increase by 0.8% in the second half, compared with its previous expectation that the figure would be “slightly down”. Its chief executive, Johan Lundgren, said: “As a result of our self-help initiatives and the increased demand due to disruption at British Airways and Ryanair, we anticipate achieving headline profit before tax for the full year 2019 of between £420m and £430m, in the upper half of our previous guidance range.” EasyJet had previously pencilled in a full-year profit of £400m to £440m. Richard Hunter, head of markets at trading platform Interactive Investor, said: “The unfortunate demise of Thomas Cook could also provide further opportunities.” He added, however: “The full ramifications of the UK’s departure from the EU have yet to wash through, either in terms of any future sterling weakness, which could crimp consumer demand or indeed additional travel regulations, which would add further cost. “Meanwhile, the industry remains one typified by an intensity of competition which has seen a number of smaller players go to the wall over recent years.” Thomas Cook, the world’s oldest travel firm, collapsed last month after running out of cash. It has struggled to keep up with changing customer habits and intense competition from budget carriers such as easyJet.
- Bloomberg
EasyJet Says Profit at Top End of Forecasts
(Bloomberg) -- EasyJet Plc said earnings for the year through September were toward the top end of its forecasts, helped by strikes at British Airways and Ryanair Holdings Plc.The unrest at EasyJet’s biggest rivals spurred demand and sent revenue per seat, a proxy for fares, up 0.8% in the second half despite earlier predictions of a slide, the Luton, England-based carrier said in a statement Tuesday.The figures weren’t enough to quell investor concerns that EasyJet had relied too much on disruption elsewhere, and that it faces tough times in an operating environment that has seen a spate of travel-company collapses this year. The shares fell the most since May.Chief Executive Officer Johan Lundgren said forward bookings for 2020 are in line a year ago and that capacity growth will be at the lower end of the historic range, something that should further bolster fares. Efforts to curb delays and cancellations in poor weather or technical glitches are also bearing fruit.Sanford C. Bernstein analyst Daniel Roeska said in a note that the full-year numbers were in line with his estimates but that it’s not clear how well EasyJet would have performed without a helping hand from the BA and Ryanair strikes and the collapse last month of Thomas Cook Group Plc.The stock fell as much as 5.8% and was trading 4.7% lower at 1,117 pence as of 8:23 a.m. in London. The shares are barely changed for the year, valuing EasyJet at 4.44 billion pounds ($5.5 billion).EasyJet and its peers should continue to gain from the exit of weaker operators, Damian Brewer, an analyst at RBC Capital Markets, said in a note to clients. Demand is poised to exceed capacity this winter, he said, spurring an increase in fares after a period of sustained oversupply.EasyJet said 12-month pretax profit was between 420 million pounds and 430 million pounds, after earlier predicting 400 million pounds to 440 million pounds. The carrier reported a profit of 578 million pounds in fiscal 2019.As least four carriers have failed in the past month alone amid fluctuating fuel prices, a glut of seats and a slowing European economy. Slovenian flag carrier Adria Airways and XL Airways and Aigle Azur, both of France, folded alongside Thomas Cook, whose collapse led to the biggest peacetime airlift in British history as stranded passengers were brought home.To contact the reporter on this story: Siddharth Philip in London at sphilip3@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance UK
Plane strikes at rivals boost demand at EasyJet
Strikes at rivals British Airways and Ryanair boosted revenue at EasyJet in the second half of the year.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: fading optimism
