14 April 2021 | 07:38am
StockMarketWire.com - EasyJet forecast slightly better-than-expected results amid efforts to cut costs by limiting flying capacity, which was expected to increase from late May onwards. Based on current travel restrictions in the markets in which we operate, easyJet expects to fly up to 20% of 2019 capacity levels in Q3 with an expectation that capacity levels will start to increase from late May onwards, the company said.
For the six months ended 31 March 2021, headline pre-tax loss was expected in the range of £690 million to £730 million, with revenue down 90% to £235 million.
Passenger revenue fell by 91% to £165 million and ancillary revenue decreased by 87% to £70 million.
11 January 2021 | 12:07pm
StockMarketWire.com - The FTSE 100 was firmly lower by lunchtime as investors paused for breath after the index enjoyed a heady first week of 2021, rising more than 6%.
By midday the FTSE was down 0.5% at 6,842.11, as concerns build over mounting Covid-19 infections and the possibility of even tighter restrictions.
Profits were also being taken in Bitcoin after an even more impressive start to the New Year. US futures pointed to modest losses on Wall Street too.
Shoe and sports apparel retailer JD Sports Fashion climbed 4.4% to 888.4p as it upgraded its profit outlook amid robust second-half demand, including during the key months of November and December.