Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
A slow start back after the Christmas break, but Wizz Air [LON:WIZZ], Eastern Europe’s largest low cost airline, has this morning published December traffic figures and is again headlining CO2 emission statistics. The company is announcing the establishment of an Abu Dhabi based arm, as well as passenger numbers up 25% from the same period a year ago and load factors growing, too. That uplift in traffic has had a consequent impact on the airline’s carbon footprint, but using the metric of CO2 grams per passenger km flown, that number has fallen by 2% from December 18, which should be applauded. As always, maintaining these trajectories will be what counts.
As was expected following reports in the financial media over the weekend, Chairman of Compass Group [LON:CPG], Paul Walsh, has announced his intention to stand down from post. There’s no rush for him to move out however – he’s staying until the transition to a successor has been finalised – so this is likely to offer investors some degree of reassurance.
There’s a short trading update out from Plus500 [LON:PLUS] suggesting full year revenues will be $354m with EBITDA for the same period coming in at $190m. Full details will be published mid-February, when investors will be hoping that the recent period of regulatory uncertainty for the industry as a whole will show further signs of having settled down.