fastjet shares nosedive as it warns it could go bust by the end of the month
It is not the first time fastjet has said it needs more money, but it remains to be seen if lenders will be willing step up once again
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LON:EZJ
EasyJet is engaged in the provision of a low-cost airline service on short-haul and medium-haul point-to-point routes principally within Europe.
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It is not the first time fastjet has said it needs more money, but it remains to be seen if lenders will be willing step up once again
The broadcaster's content library means it has a bundle of assets that could place it in high demand as competition drives consolidation in the media and telecoms markets
The white and orange liveried airline reported that passenger numbers for the month had risen 14.1% year-on-year to around 8.6mln
European airline stocks have fallen by around a fifth since the first half results season - and now look oversold, according to Deutsche Bank analysts
Spain, France and Germany present growth opportunities for the budget chain
A fall in load factor will be a disappointment for some, given that, in an era of low ticket prices, airlines need to get as many bums on seats as possible
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The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
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DFS and Electrocomponents are set to be among Thursday's highlights.
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
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The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
On top of its funding woes, the African carrier reported a widening operating loss and said it may exit the Tanzanian market
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The UK blue-chip index closed nearly four points higher at 7,511
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BA-owner IAG is tipped to rise, whereas the outlook was seen to be less rosy for EasyJet and Ryanair.
Analysts at the bank said while the mark to market had resulted in the target price cut, Thomas Cook’s long-haul network remained attractive
easyjet reported that passenger numbers for the month were up 5.6% at around 8.7mln compared to August 2017, while its load factor inched up 0.1 percentage points to 96.4%
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The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
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It promises to be a busy Thursday morning with several closely followed firms reporting, meanwhile, around 9 points will come off the index with blue-chip miners such as BHP Billiton, Antofagasta, and Glencore going ex-dividend.
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Aside from the housebuilders, the week head will also see updates from advertising giant WPP, electricals retailer Dixons Carphone, and transport operator Go-Ahead Group
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Citi's new airlines analyst sees a "mixed and, in a few areas, challenged outlook" for the sector