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Tullow Oil plc (via Public) / 2021 Annual General Meeting – CEO Statement
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easyJet s H1 2021 results are slightly better than expectations and it maintains significant liquidity while also delivering Q2 cash burn better than guidance. easyJet is encouraged by the strong vaccination rollout in the UK and expects the European rollout to pick up pace in the coming weeks, so is looking forward to taking customers on a long-awaited holiday this summer. Summary easyJet has operated a disciplined flying programme over the winter months whilst continuing to deliver a major restructuring and cost reduction programme. As a result, easyJet expects a first half headline loss before tax in the range of £690 to £730 million, which is slightly better than expectations
Bidvest spin-off Bidcorp slashes earnings expectations
Trading statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, Bidcorp is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the half year ended December 31st 2020, will differ by at least 20% from those of the previous corresponding half year ended December 31st 2019.
Shareholders are referred to the Q1 trading update provided to the market on November 17th 2020 and are further advised that:
Bidcorp has delivered a commendable result for the half year against a backdrop of the catastrophic economic and social consequences of the ongoing Covid-19 pandemic (Covid) on the hospitality, tourism, and leisure industries globally. Good asset management, excellent free cash flows, and healthy profitability underpinned the pandemic affected results. The protection of our employees in respect of their health, wel