Ian is the editor and a director of Proactive Investors. He oversees all editorial output and is also heavily involved with business development. He moved to Proactive from the Daily Mail, where he was City News Editor and Investment Editor and brings with him a wealth of experience in business and finance. At the Mail he directed the coverage of some of the biggest stories ever to emerge from the City as the credit crunch and banking crisis felled some of the nation's best known financial institutions. In his 20 years as a business reporter and editor Ian has worked for Dow Jones, writing stories for the international news wire and the Wall Street Journal. He also led the London company coverage for AFX News, now part of Reuters.
The broker expects average revenue per user (ARPU) to decline at a faster pace than the market is currently predicting
Looking ahead, the budget carrier said the “pricing and operating environment remains tough”.
“Early revenue indicators for 2017 already look encouraging thanks to a very robust sales order book,” said chief executive Darrin Disley.
This strong financial performance coupled with lower than expected research and development costs mean the loss for the period is likely to be smaller than expected.
Analyst David Kerstens also thinks consensus per share earnings forecasts are around 10% too high
Boss Helen Connolly said: "Given the backdrop of the current trading environment, our third quarter store sales were satisfactory, particularly in light of the business still being in the early stages of its turnaround."
“We are benefitting from improved trading agility as a result of the transformational changes we have made,” said chief executive Angela Spindler.
The firm will submit a planning application to drill in the coming year.
A look at some early analyst views in the City
The bookmakers have been put under the microscope, while Shell has been downgraded.
A look at some City analysts view on Tuesday.
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.