Skip to content

Three Quick Facts: Easyjet, Premier Foods, BT

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Easyjet capacity back to pre-pandemic levels by Q4

Easyjet LON:EZJ has published a half year report for the six months to 31st March, noting a £411m loss but sporting £3.5bn in cash. Q3 revenue per seat is expected to be up by 20% and forward bookings for the next two quarters are now at normalised levels. Capacity over the first half grew by 25% and passenger numbers advanced by more than 40% year on year. By Q4, capacity is expected to be at or around pre-pandemic levels.


#2. Premier Foods sees revenues, profits up as value proposition plays out

Premier Foods LON:PFD has full year results out today, with revenues up 11.8% and trading profits advancing by 13.5%. Investors are being rewarded with a 20% uptick in dividends after the company successfully navigated rising input prices with a combination of cost control and bumping up the prices it charges to retailers. The company aims to expand on its successful product innovation initiatives in the months ahead.

#3. Strong Openreach sales offset weakness elsewhere for BT

Final results from BT LON:BT.A are out today, with the company noting that it has delivered against EBITDA targets for the full year. Revenues of £20.7bn were recorded, down 1% but with strong sales in Openreach offsetting declines seen elsewhere. Pre-tax profits are down 12% with increased depreciation rates weighing here. Dividends are flat year-on-year – probably an astute move given the punitive price hikes that have been foisted on consumers – with the FY24 outlook being for growth to continue on a pro-forma basis.

Share this article

Invest with these platforms

Hargreaves Lansdown IG Interactive Brokers Interactive Investor Charles Stanley
IG Interactive Brokers Charles Stanley

Looking for great investing ideas? Sign up to our free newsletter.

Join our UK news channel on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Admiral Markets

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top