What the other papers say this morning – 28 November 2013 November 27, 2013 FINANCIAL TIMES JPMorgan eyed metals unit in 2012 JPMorgan Chase drew up plans to sell part of its metals warehousing empire last year as it faced pressure to show regulators that the business fitted with the activities of a bank, according to newly released documents. American-US Airways merger cleared The long-running effort to merge US [...]
Train with no seats may ease congestion November 25, 2013 BRITAIN’S railways could carry more commuters without spending billions on upgrades if trains offered third-class carriages with almost no seats, a report out yesterday claimed. Passengers could pay a fifth less to travel in a “high-density” section that would be modelled on the London Overground carriages, the paper by transport expert David Starkie for the [...]
EasyJet gives investors £175m as profits surge November 19, 2013 EASYJET shareholders welcomed a £175m special dividend yesterday after the budget airline’s move into allocated seating helped push profits up a whopping 51 per cent. The FTSE 100 firm said revenues per seat were up seven per cent, surpassing a four per cent rise in passengers, as reserved seats and other add-ons proved popular. Boss [...]
Brand Index: Allocated seating pays off for mild-mannered McCall November 19, 2013 EASYJET was the one of the big stories in business yesterday, with the budget airline reporting higher profits than arch rival Ryanair for the first time in its history. It saw a 51 per cent rise in yearly pre-tax profits to £478m, and its shares also rose significantly, boosted by the company’s plans to hand [...]
Analyst Views: Are you pleased with Easyjet’s results? November 19, 2013 TREVOR GREEN AVIVA INVESTORS As shareholders in EasyJet, the final results and outlook statement provided us with further evidence that the strategy being implemented by Carolyn McCall is succeeding. She is also proving to be adept at balancing shareholder returns via a special dividend announcement along with a long term growth strategy. GERT ZONNEVELD PANMURE [...]
London Report: Intertek caution drags FTSE to a sub-6,700 close November 19, 2013 B RITAIN’S top share index slipped yesterday, hurt by testing firm Intertek on worries over a slowdown in its business, though analysts were confident that technical support would cap any weakness in the broader market. Intertek, a company specialising in safety and quality tests, fell 2.5 per cent after saying headwinds experienced in the first [...]
EasyJet sets a course to break its profit record November 18, 2013 EASYJET is expected to smash through its profit record for the third year in a row tomorrow after its push into business travel and the introduction of new routes boosted turnover per passenger. The low-cost airline said last month that it expected to report annual profits of between £470m and £480m, up from £317m the [...]
Bottom Line: Results to show benefit of planning ahead November 18, 2013 LAST week, EasyJet revealed that it had finished testing its volcano-busting aircraft sensors, allowing planes to dodge ash clouds and keep flying after eruptions like the one that crippled European airspace in 2010. The experiment, which required EasyJet and its partners to throw a metric tonne of ash into the sky before flying four planes [...]
Letters to the Editor – 08/11 – Rail competition, Ryanair grounded, Best of Twitter November 7, 2013 Rail competition [Re: It’s time to fight the claim that consumer choice doesn’t improve public services, Wednesday] Paul Ormerod’s support of train operating companies is laughable. There is almost no true competition: I can wait all day on Greenwich platform, and only Southeastern trains will go by. There is no choice: train operating companies are state-subsidised monopolies, [...]
EasyJet adds passengers November 6, 2013 EASYJET posted a 5.4 per cent rise in traffic for the last month, prompting relieved investors to send its shares up 0.9 per cent yesterday. The firm, whose rival Ryanair issued a profit warning on Monday, said it carried 5.5m passengers in October, adding customers in spite of air traffic control strikes in France and [...]