15 April 2021 | 12:14pm
StockMarketWire.com - The FTSE 100 gained 0.52% to 6,970 by lunchtime on Thursday, extending its upward trajectory in recent days and taking it back to pre-pandemic levels, after a jump in commodity prices boosted the miners in the index.
Rio Tinto, BHP and Anglo American were all trading higher by midday.
AO World rose 2% to 324p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
15 April 2021 | 07:33am
StockMarketWire.com - Wizz Air has said it is expecting to report a net loss of €570-590 million and a full year underlying loss of €475-495 million for F21, as it continues to battle the impact of the Covid-19 pandemic and the ongoing uncertainty surrounding travel restrictions.
In a post-close trading update, the company said the only exceptional item the loss related to discontinued fuel hedges, amounting to an estimated €95 million.
Wizz Air maintains its investment grade balance sheet and strong liquidity position with a total cash / cash equivalents balance of €1,615m at year-end.
The total cash burn in the fourth quarter was €87m (compared versus the pro-forma cash position of €1,702m at the end of Q3, taking the €500m three-year bond proceeds of January 2021 into account).
6 April 2021 | 07:16am
StockMarketWire.com - Budget carrier Wizz Air said it carried 73% less passengers in the month March year-on-year, as lockdowns continued to hurt travel markets.
Passenger volumes in March dropped to 480,203 people, down from 1,754,032 in March 2020.
Wizz said it operated just below 20% of its capacity at a load factor of 63%.
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