Breaking News in association with Money AM
Thursday, 5th November 2009
9:17am
Low cost airline easyJet carried 4,219,096 passengers in October - 6.6% up on last year.
The load factor was 86.8% compared with 83.9% in the corresponding month last year.
The airline carried 45,424,181 passengers on a 12-month rolling basis - up 2.6%.
The load factor was 85.7% compared with 84.2%.
Story provided by Business Financial Newswire...
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9:17am
MORNING REPORT: Headline shares were firmly lower in early deals today, investors displaying caution ahead of the BoE decision on UK interest rates and quantitative easing at noon, with a mixed bag of earnings hitting already fragile sentiment.
At 8:30am, the FTSE100 was down 35.7 points at 5,072.19 with the FTSE250 off 58.84 points at 8,933.91 and the FTSE Smallcaps 3.29 points lower at 2,785.15.
US & ASIA
In the US last night, the Dow added 30 points at 9,802, the Nasdaq Composite lost 2 points at 2,056 and...
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9:17am
Spirent Communications says its trading performance for the period since 28 June is in line with management expectations, with return on sales increasing to 22% from the previous 18%.
CEO Bill Burns said, 'During the third quarter we have seen a return to market stability and we have increased profitability. The outlook for the fourth quarter is positive.'
The group had now experienced three consecutive quarters of increased order intake. Product mix was favourable in the quarter, resulting in an increased gross profit margin, while overheads were reduced.
Third-quarter revenue...
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8:32am
Telecoms group Cable & Wireless said today EBITDA was up 30% to £463m in the half-year to end-September, an increase of £106m. Worldwide EBITDA increased 44% to £205m, including Thus. CWI EBITDA of $427m was flat in constant currency terms.
Operating cash flow growth was 57% at £192m.
Basic earnings per share increased 41% to 4.8p.
Full year dividend is expected to be 9.5p with a 12% increase in interim dividend to 3.16p.
CWI EBITDA guidance has been revised to a range of $880m to $900m due...
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8:32am
First half pre-tax profits at stockbroking and investment management group Charles Stanley rose 6.8% to £5.49m.
Revenues for the sx months to the end of September increased 14.1% to £55.9m while funds under management or administration rose to £11.6bn from £10.1bn last time.
It said discretionary funds under management were at a new record high of £3.5bn.
Adjusted pre-tax profits - before profit/loss on disposal of available for sale investments, one-off costs and amortisation of client lists - fell 4.3% to £6.6m.
Chairman Sir David Howard said: "2010...
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8:17am
Meat packing group Hilton Food said whilst the economic conditions remain challenging, its trading performance since July has been similar to the trends seen in the first half of the year, the group benefiting from favourable currency translation.
Hilton said it has continued to grow the business, in particular in Central Europe, as well as Holland and Ireland with turnover also benefitting from the impact of favourable currency translation.
The Group's financial position remains strong and there have been no significant changes to this position since the publication of the Half Year...
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