EasyJet shares take a breather as losses widen January 23, 2014 EASYJET said yesterday the late Easter would mean wider half-year losses, sending its shares down four per cent. EasyJet expects to post a loss of between £70m and £90m for the half-year, compared to £61m a year ago, in a traditionally loss-making period for many airlines. The wider losses are partly due to the Easter [...]
Analyst Views: Should investors be worried by the slide in Easyjet shares? January 23, 2014 GERT ZONNEVELD | PANMURE GORDON The [statement] suggests trading has continued in line with expectations. Full year cost guidance is slightly better but it is too soon for any visibility on second half yields. Following a great share price performance, we upgrade our target to 1,800p but downgrade our recommendation from buy to hold. WYN [...]
Shell loses Arctic drilling appeal January 23, 2014 ROYAL Dutch Shell could be forced to delay its drilling in the Arctic, after a US appeals court ruled that offshore oil permits were awarded without considering the full environmental risks. The FTSE 100 oil major said last month that it was planning to resume exploratory drilling in the Chukchi Sea near Alaska this summer. [...]
Barclays’ boss says kids need coding skills for future jobs January 23, 2014 BRITAIN’S young people need different skills if they are to find work in the modern economy, Barclays’ chief said yesterday. Antony Jenkins said other countries teach computer coding from an early age to prepare them for high tech work, unlike Britain. “In the UK we have 1m young people not in employment, education, or training. [...]
What was that? Mike Lynch has trouble hearing January 23, 2014 AUTONOMY founder Mike Lynch has come up with a novel way of dodging uncomfortable questions (of which there are a few at the moment) – he told an audience at Cass Business School this week that he is hard of hearing. “I’m actually deaf, so in this situation what happens when we come to the [...]
PwC partners take to the stage at Sadler’s Wells for its panto January 23, 2014 THE CAPITALIST ventured up to Sadler’s Wells Peacock Theatre for the PwC panto, Cinderella, last night, and before you say it – “oh yes I did.” It’s the 28th year the firm has put on the show, which stars people from across the firm including several cameos from partners, all in the name of charity. [...]
Crossrail is hailed for being on track even with funding setbacks January 23, 2014 CROSSRAIL has been praised for sticking to its budget and overall schedule by the National Audit Office, despite a smaller-than-expected contribution from the private sector. With the £14.8bn railway across London now half-built, the spending watchdog said Crossrail was set to provide good value for money. “The sponsors and Crossrail Limited have so far done [...]
Record sales lift Poundland float prospects January 23, 2014 POUNDLAND has boasted record sales over the key Christmas trading period, further paving the way for a potential initial public offering (IPO), expected to take place within the coming months. The bargain chain, which plans to double its UK presence over the next decade, said new shop openings helped sales rise more than 12.4 per [...]
London Stock Exchange prospers after bull run for equity markets January 23, 2014 THE LONDON Stock Exchange (LSE) posted a 48 per cent rise in third-quarter income yesterday, thanks to a near doubling of equity and debt issuance and an improved performance in its core securities-trading business. Income for the three months through December rose to £308.9m from £208.9m the previous year. The figure includes a £6.9m gain [...]
Cadbury’s gets £75m to spend on Bournville January 23, 2014 THE US owner of iconic British chocolate maker Cadbury’s yesterday unveiled a £75m investment in the company’s historic Bournville plant. Mondelez International, which houses the food brands of US cheese giant Kraft, said it was willing to put the money into Bournville to help update the production of so-called assortments – the chocolate it makes [...]
