Three things you need to know in the financial markets this morning from investment writer, Tony Cross
There’s a trading update out today from Wizz Air, Central Europe’s largest low cost airline. The company has by all accounts had a positive fourth quarter with a load factor of 94.1% and full year profits are tipped to come in at the upper end of the previously guided range of EUR270m-300m. Guidance for the year ahead will be included when the full resulst are released at the end of May.
Research and polling company YouGov has published half year results this morning. It’s good news all round with operating profits up 41% whilst the US market remains the one with most significant growth. The company is just concluding its last five year plan so is setting out the scene for what happens next. This includes opening up some data as a public resource and aiming to become the world’s leading supplier of proprietary panel data.
Traffic stats from Ryanair for March have been published this morning. Again, bumper growth has been recorded with total passenger numbers up 9%, but this doesn’t give any indication of profitability. After recording a loss in Q3, concerns will persist that the fares are too cheap and whether today’s numbers offer any reassurance remains to be seen.