FTSE 100 ends higher as EasyJet shares take off

City tradersImage copyright
Getty Images

Shares in EasyJet took off on Tuesday as the airline said that will was benefitting coming from various other carriers’ woes.

that will said revenues at the start of its fresh financial year had been “encouraging”, helped by the demise of some rival operators.

Monarch, Air Berlin as well as Alitalia have all gone into administration This particular year.

Its positive comments overshadowed news of a 17% fall in full-year profits to £408m, after what EasyJet called a “difficult year”.

EasyJet shares rose just over 5% leading the FTSE 100 higher, with the share index closing 21.88 points higher at 7,411.34.

Babcock was the biggest faller inside FTSE 100, down 6.8%, after that will warned that will reviews of UK defence spending could hit its revenue growth.

inside FTSE 250, shares in temporary power provider Aggreko sank 11% as its third quarter trading update disappointed investors.

Problems relating to pricing in Argentina led to revenues at the firm’s power solutions utility division – which operates mobile power plants – dropping 15%.

On the currency markets, the pound slipped 0.02% against the dollar to $1.32330 as well as was 0.08% higher against the euro at €1.17420.

Source link

Leave a Reply