|Bid||664.40 x 0|
|Ask||665.20 x 0|
|Day's range||637.40 - 670.66|
|52-week range||410.00 - 1,570.00|
|Beta (5Y monthly)||1.63|
|PE ratio (TTM)||10.85|
|Earnings date||24 Jun 2020|
|Forward dividend & yield||0.44 (6.72%)|
|Ex-dividend date||27 Feb 2020|
|1y target est||1,479.74|
Right now there are bargain stocks on the London Stock Exchange for grabs. If you buy the dip now, you can reap the rewards later. The post Want to make money? Buy the dip! 3 shares I’d buy on the London Stock Exchange appeared first on The Motley Fool UK.
Easyjet's share price has fallen more 50% in 2020 due to coronavirus disruptions. Is now the time to buy the shares? Edward Sheldon isn't convinced. The post Forget easyJet's share price. I’d buy these stocks instead appeared first on The Motley Fool UK.
The easyJet share price (LSE:EZJ) has had a turbulent journey through 2020. It's very cheap compared with its March high - but that doesn't necessarily make it a bargain.The post Is the easyJet share price ready for takeoff? appeared first on The Motley Fool UK.
Europe’s top airlines were worried the rule would deter British holidaymakers from travelling.
Millennial investors have time on their side and can afford to be more adventurous with their buys. Here's a diversified selection of stocks I like.The post Millennial investors: 3 stocks I think they should be buying appeared first on The Motley Fool UK.
British low cost carrier easyJet <EZJ.L> plans to cut jobs and the number of aircraft it has in Berlin and is proposing scrapping domestic German flights as part of its retrenchment over COVID-19, a German union and source familiar with the plan said. EasyJet set out its plan to reduce British pilot numbers on Tuesday and on Wednesday it confirmed it had launched a consultation in Germany to reduce its presence in Berlin. While the airline said it remained committed to Berlin, union Verdi said easyJet intended to withdraw from domestic travel and reduce the number of aircraft stationed in the German capital to 18 from 34, and halve the number of employees from around 1,540.
European stock markets are set to open lower Wednesday, with the second half of the year starting with worries about the Covid-19 outbreak still prominent even as data releases offer hope of a global economic recovery. At 2:00 AM ET (0600 GMT), the DAX futures contract in Germany traded 0.4% lower. France's CAC 40 futures were down 0.1%, while the FTSE 100 futures contract in the U.K. fell 0.4%.
British low cost airline easyJet has said that 727 of its UK-based pilots are at risk of redundancy, equivalent to about one-third of its pilots in the country, union BALPA said in a statement. The airline is proposing to close bases at London's Stansted and Southend airports and at Newcastle in north east England, BALPA said, adding that it was shocked by the scale of the job cuts. EasyJet said in May it needed to cut 4,500 jobs to stay competitive after the coronavirus pandemic caused a travel market slump.
British low-cost airline easyJet said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the company. Stelios Haji-Ioannou founded easyJet, and along with family members remains its biggest shareholder, but he has been critical of its strategy. Last week easyJet raised about 419 million pounds ($514 million) through a share placing to help bolster its finances.
(Bloomberg) -- From black tea to bottled water, European companies are taking a hard look at underperforming businesses at a time when investors’ profit expectations are already low because of the coronavirus pandemic.With economies reeling and Covid-19 still spreading across swathes of the globe, top executives are hiring investment bankers or launching internal reviews to sort through portfolios and sell unwanted businesses.“Investors are writing off 2020 completely but expect a tight, impeccable story for 2021 and 2022,” said Adam Young, the global head of capital markets at advisory firm Rothschild. “Those companies that don’t have one need to look for it pretty quickly.”Private equity firms from KKR & Co. to Blackstone Group Inc. are lining up bids for Unilever Plc’s tea unit, which could fetch more than 5 billion pounds ($6.2 billion), people familiar with the matter told Bloomberg News last week.Lipton TeaThe consumer-goods giant launched a strategic review of the unit in January, as the coronavirus was rampaging through China’s Hubei province. At the time, Chief Executive Officer Alan Jope described the business, which includes well-known brands like Lipton and PG Tips, as “a structural drag on Unilever’s growth.”In a similar vein, Nestle SA is considering a sale of its U.S. mass-market bottled water business, which includes the Poland Spring and Pure Life brands. The division globally had its worst performance in a decade last year and the North American unit, in particular, has seen competition from discount brands, as well as consumer resistance to plastic packaging.While Chief Executive Officer Mark Schneider hasn’t hesitated to shed underperforming businesses since he took over in 2017, the pandemic could force more boards to follow suit.“If there’s a business in a company’s portfolio that isn’t performing in line with ambitions, the next two to three years aren’t a great environment to put it back together,” Young said.Time to ActIt’s not only big consumer companies looking to act. Total SA and Solvay SA are each pursuing sales of chemical businesses, people familiar with the plans have said. AMS AG may be positioning Osram Licht AG’s automotive unit for a sale once its takeover of the German lighting company is complete, according to a worker’s representative and an internal presentation.Such carveouts may pick up in the second half as companies seek to bolster balance sheets, as well as share prices, in the wake of the pandemic.Some companies are turning to investors to replenish cash. Budget airline EasyJet Plc raised about 419 million pounds in a share sale last week, while carmaker Aston Martin Lagonda Global Holdings Plc tapped investors for around 150 million pounds.“The general thought among boards now is that inaction is not an option,” said Rich Mills, global head of divestments at Ernst & Young.PE Cash PileNearly a third of companies undertaking sales are willing to increase the assets on offer to get the proceeds they need to re-invest, said Mills. He co-authored the consulting firm’s 2020 report on global corporate divestments, which was based on online surveys of more than 1,000 executives before and after the pandemic’s onset.Many sales are attracting strong interest from private equity buyers sitting on an unprecedented $1.5 trillion in cash, the survey found.BP Plc agreed to sell its chemicals business to Ineos Group for $5 billion on Monday, in a move to transition away from being a traditional oil company and strengthen its finances as the industry faces increased pressure from the coronavirus crisis.The twin black swans of the virus and an energy crisis with collapsing oil prices created a supply and demand shock for businesses this year, said Romain Boscher, London-based chief investment officer at Fil Investment Management Ltd. which oversees $190 billion in equities globally.“Companies realize they have to brace for tough times, and that means you need a stronger balance sheet,” Boscher said. “Much more than asset sales, there is a necessity for them to revise strategy.”(Updates with details of BP disposal, investor quote from 15th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Shares in Easyjet (LON:EZJ) are currently trading at 691.4665, but a key question for investors is how much the current economic uncertainty will affect the pr...
British low-cost airline easyJet said it strengthened its finances by $255 million (£205 million) through the sale and leaseback of six A320neo aircraft with leasing firm SMBC Aviation Capital. EasyJet on Thursday raised 419 million pounds through an equity raise to help boost its liquidity to 3 billion pounds as part of its efforts to try to survive the travel slump caused by the coronavirus pandemic. The funds raised through the sale and leaseback announced on Friday make up part of the anticipated 500 million to 650 million pounds that easyJet said in May it could raise from aircraft sales.
The easyJet share price (EZJ) has been beaten by the coronavirus pandemic, but does this FTSE 250 (INDEXFTSE:MCX) favourite have what it takes to fly again?The post easyJet share price falls 51% this year! Is it too cheap to ignore now? appeared first on The Motley Fool UK.
(Bloomberg) -- EasyJet Plc raised about 419 million pounds ($520 million) in a share sale, padding its coffers for the gearing up of flights as the European aviation sector emerges from the coronavirus lockdown.The stock offering, equal to almost 15% of the existing share base, was placed at the price of 703 pence a share, representing a 5% discount to the closing price on June 24, the Luton, England-based company said Thursday in a filing.EasyJet said it will now have more than 3 billion pounds of cash, taking into account as much as 350 million pounds to be raised from sale-and-leaseback transactions on its aircraft. Liquidity has also been boosted by a slightly lower-than-expected cash burn as more customers opt to take vouchers for canceled flights instead of asking for refunds.Britain’s biggest discount carrier was among the first European airlines to begin building up services as lockdowns eased, resuming internal flights in the U.K. and France. The number of British airports served will increase to 14 from next week, with more international flights added. EasyJet plans to operate 50% of its usual routes in July and 75% in August, though lower frequencies mean third-quarter capacity will be down about 30%.The shares traded 5.8% lower at 10:21 a.m. in London, taking their value down by half since the start of the year.“The positive signal of ‘flying again’ combined with the current developments across Europe in reducing the severity of social distancing measures and lockdowns should support bookings,” Daniel Roeska, an analyst at Bernstein wrote in a note. “As long as bookings start increasing, the cash flow for the company may well be positive during the startup.” Profitability may only return in the second half of 2021, he added.EasyJet’s bid to counter the impact of the virus has been further complicated by feuding with founder and largest shareholder, Stelios Haji-Ioannou, who has used the crisis to press a long-held demand for the airline to cancel a large aircraft order with Airbus SE. Last month, EasyJet fended off an effort by Haji-Ioannou to oust top management.About one-third of the new placement will be subject to another shareholder vote, EasyJet said. It plans to hold the meeting around July 14.Haji-Ioannou couldn’t immediately be reached for comment on the share sale. He had previously called on the company to raise 600 million pounds in equity through a rights issue to existing shareholders, although he said that he would only consider participating if the jet order was canceled.Travel RestartWith Covid-19 infection levels on the decline in most of Europe, governments have been easing travel restrictions. Holiday spots including Greece, Spain and Portugal are seeking to win back passengers. Airlines are likewise trying to salvage the tail end of the summer season when tens of millions of people generally take their vacation.The U.K. may also relax its controversial quarantine requirements for incoming passengers as early as next week, with the adoption of so-called air bridges.EasyJet said revenue increased a 1.6% in the first half, while reporting a pretax loss of 353 million pounds, including a 160 million pound charge for fuel hedges. The carrier said it wasn’t possible to provide guidance for the remainder of the financial year, due to the coronavirus pandemic.BNP Paribas and Credit Suisse are joint global coordinators for the share sale, which will begin immediately, the carrier said.(Updates with increase in flights in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Budget airline easyJet has raised about 419 million pounds through a share placing to help bolster its finances after the COVID-19 pandemic devastated the travel industry. The new equity will help boost its liquidity to about 3 billion pounds, easyJet said, enabling it to survive for many more months even if planes are grounded again, and putting it in a strong position to cope with "protracted recovery scenarios".
Budget airline easyJet has raised about 419 million pounds ($520 million) through a share placing to help bolster its finances after the COVID-19 pandemic devastated the travel industry. The new equity will help boost its liquidity to about 3 billion pounds, easyJet said, enabling it to survive for many more months even if planes are grounded again, and putting it in a strong position to cope with "protracted recovery scenarios".
The company separately said it would sell not more than 59.5 million ordinary shares for proceeds of 400-450 million pounds. "We have been decisive in meeting the challenges of the pandemic by cutting costs, vastly reducing our capex while retaining our industry leading fleet flexibility," Chief Executive Officer Johan Lundgren said. EasyJet, whose planes started minimal flying last week, is planning to ramp-up activities in the next two months but strict UK quarantine rules, which it has legally challenged with rivals British Airways and Ryanair, are hampering its hopes.
Budget airline easyJet <EZJ.L> on Wednesday sought to raise up to 450 million pounds via a share placement to help it navigate the COVID-19 pandemic after reporting a bigger first-half loss. "We have been decisive in meeting the challenges of the pandemic," Chief Executive Officer Johan Lundgren said, noting the airline had already secured 1.7 billion pounds of an expected 2 billion in additional funding. EasyJet said more customers than expected had rebooked or taken a voucher instead of a refund.
A stock market crash could be imminent due to recent over-optimism and the chance of a second Covid wave. One Fool looks at what to do in preparation. The post Another stock market crash could be imminent! Here's what I'd do now appeared first on The Motley Fool UK.
Does the March stock market crash still mean cheap shares like BP and easyJet are too good value for long-term investors to ignore? The post Is it worth buying BP and easyJet shares now that they're cheap? appeared first on The Motley Fool UK.