Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. easyJet delivers better than forecast full year numbers
easyJet [LON:EZJ] has published a trading update for the 12 months to 30th September, showing a sharp improvement in losses for the final quarter, delivering a better than forecast figure for the full year. Bookings for the next six months are reported as being double the number seen at this point last year and the expectation is that this momentum can now be maintained. The airline expects to fly 70% of 2019 capacity in the current quarter, although forward visibility remains limited as customers continue to book closer in to departure dates.
#2. Stagecoach full year outlook remains unchanged
Keeping with travel and Stagecoach Group [LON:SGC] has today provided a trading statement as it nears the midway point in its financial year. There’s little that stands out here but the company reports that regional bus passenger numbers now stand at 70% of 2019 levels and across the board demand is increasing and although there’s a degree of uncertainty as to what happens from here, the full year outlook remains unchanged.
#3. De La Rue cost reduction activities continue to bolster performance
And rounding off with a very brief trading update from De La Rue [LON:DLAR] covering the six months to 25th September. Trading in both the currency and authentication divisions has been positive and cost reduction activities continue to bolster performance, too. Net debt at the half year point was lower than expected and the full results will be released on 24th November.