Gert Zonneveld News
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Clarkson Plc, the world’s largest shipbroker, plunged the most since 2009 after saying this year’s earnings will be lower than executives expected because of a slump in vessel prices.
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Ryanair Holdings Plc, Europe’s biggest discount airline, increased fiscal second-quarter profit 23 percent and raised its forecast for full-year earnings after strong summer sales helped boost fares more than anticipated.
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The U.K. government’s reversal of a decision to strip Virgin Trains of the West Coast rail contract hasn’t stemmed a slide in shares of Stagecoach Group Plc, which owns 49 percent of the Richard Branson-controlled venture.
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Richard Branson was handed a lifeline that may keep him in U.K. rail after FirstGroup Plc was stripped of Britain’s West Coast inter-city route, which it won from his Virgin Group in August. FirstGroup fell almost 21 percent.
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EasyJet Plc Chief Executive Officer Carolyn McCall says the U.K. airline is ready to win sales from global clients as pre-booked seats, higher frequencies and deals with corporate bookers consign its no-frills focus to history.
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Carolyn McCall , EasyJet Plc ’s new chief executive officer, said flight delays at London’s Gatwick airport are her most immediate concern after joining Europe’s second-biggest discount airline four weeks ago.
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U.K. stocks climbed to a five-month high as EasyJet Plc said full-year profit beat its forecast and speculation mounted that central banks may follow Japan’s move this week to provide more aid to stimulate the economy.
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International Consolidated Airlines Group SA , formed in January from a merger of British Airways and Spain’s Iberia, is concentrating more on extracting savings from the deal than expanding through further takeovers, Chief Executive Officer Willie Walsh said in an interview.
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EasyJet Plc, Europe’s second-biggest discount airline, rose to the highest in two years after saying a gain in business bookings helped narrow the first-half loss.
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EasyJet Plc Chief Executive Officer Carolyn McCall said Europe’s second-largest discount airline will offer flexible tickets to lure business flyers, increasing competition with network carriers including British Airways Plc .
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