EasyJet to land back in the FTSE 100 in index reshuffle
Airline’s share price has risen 28% over the last six months
Airline’s share price has risen 28% over the last six months
Key events for UK wealth managers for the week starting 27 November
Key events for UK wealth managers starting the week 9 October
Key events for UK wealth managers for the week starting 15 May
Key events for UK wealth managers for the week starting 10 October
Discount airliner in top 10 of Invesco Income and Man GLG Undervalued Assets has seen shares tank 43% in a month
EasyJet founder Sir Stelios Haji-Ioannou is launching a financial services product called easyMoney ISA on Saturday 24th February.
Budget airline EasyJet has bounced back from a troubled year in its industry, posting record passenger numbers and more than £5bn in revenue.
Amid a turbulent week for the UK airline sector, Easyjet’s update failed to encourage investors.
President Donald Trump’s reaction to last weekend’s violence in Charlottesville and Thursday’s terror attack in Barcelona culminated in a major sell-off across developed markets on Friday.
A growing headline loss in easyJet’s interim report wreaked havoc on its share price, while UK equity income favourite Vodafone’s final results revealed it was in a better place to shake off the Brexit blues.
The FTSE 100 Index mirrored Monday morning’s rally and was up 0.8% at 6807 even after constituents Land Securities and Vodafone reported H1 losses and easyJet delivered lower profits Tuesday morning.