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EasyJet annual profit rises 40% on package holidays

LONDON: British no-frills airline EasyJet on Wednesday reported a 40-percent rise in annual net profit on strong...

Published 27 Nov, 2024 12:40pm

Business & Finance

EasyJet rebounds into annual profit

LONDON: British no-frills airline EasyJet on Tuesday announced a return to annual net profits after three years of...

Published 28 Nov, 2023 03:05pm

Business & Finance

UK’s easyJet confident as summer demand ramps up

LONDON: British airline easyJet said it was confident ahead of the summer season, when it makes all its profit,...

Published 18 May, 2023 12:42pm

Business & Finance

Ryanair, Wizz Air and easyJet face Italy inquiry over Sicily flight prices

ROME: Italy’s antitrust regulator has opened an inquiry into possible price-fixing for flights in and out of ...

Published 02 Jan, 2023 05:54am

Markets

Rolls-Royce champions energy transition at Farnborough

LONDON: British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of...

Published 20 Jul, 2022 05:32pm

Business & Finance

EasyJet exercises option to buy 56 Airbus A320neo jets

LONDON: British low-cost airline EasyJet on Tuesday exercised options to purchase 56 fuel-efficient single-aisle...

Published 27 Jun, 2022 06:06am

Business & Finance

EasyJet cuts summer flights on staff shortages

LONDON: British no-frills airline EasyJet on Monday said it was reducing the number of its flights this summer, as...

Published 20 Jun, 2022 03:31pm

Business & Finance

EasyJet says bookings strong as it posts 545mn stg first half loss

LONDON: British low-cost carrier easyJet said demand was strong, with bookings in the last 10 weeks consistently...

Published 19 May, 2022 12:06pm

Business & Finance

EasyJet halves first-quarter loss despite Omicron

LONDON: British airline EasyJet slashed losses by half in the first quarter, despite the emergence of the Omicron...

Published 27 Jan, 2022 01:31pm

Business & Finance

EasyJet cuts losses, says 'too soon to say' Omicron impact

LONDON: British airline EasyJet logged narrowing annual losses Tuesday as air travel reopened, but warned it was ...

Published 30 Nov, 2021 12:35pm

Business & Finance

EasyJet reports 93% take-up of $1.6bn rights issue

LONDON: British airline easyJet said it had received acceptances from investors for 93% of the new shares it sold as...

Published 28 Sep, 2021 11:46am

Business & Finance

EasyJet to raise $1.7bn after rejecting takeover bid

A source familiar with the matter told Reuters the approach was from budget rival Wizz Air, which declined to comment

Published 09 Sep, 2021 01:44pm

Business & Finance

EasyJet names ex-RBS boss as chairman

EasyJet plc is pleased to announce that it has appointed Stephen Hester as a director and chair designate," EasyJet said in a statement

Updated 23 Aug, 2021 12:44pm

World

Anger as England extends restrictions on France travel

LONDON: Frustrated holidaymakers and travel industry leaders rounded on the UK government Saturday after a...

Published 18 Jul, 2021 04:14am

Markets

European stocks at record highs, weak U.S. payrolls hit tapering bets

The pan-European STOXX 600 index rose 0.4pc to a new closing high of 452.57, having earlier hit an all-time high of 452.71. It added 0.8pc for the week.

Published 04 Jun, 2021 11:37pm

Markets

Banks drag FTSE 100 down; airline shares lower on travel restrictions

British airways owner IAG lost 0.9pc after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list.

Published 04 Jun, 2021 10:51pm

Business & Finance

EasyJet CEO does not expect Indian variant to ruin summer travel

"I don't think that UK aviation as an industry can go through another lost summer without grave consequences," he said.

Published 26 May, 2021 02:47pm

Business & Finance

EasyJet readies 90pc of fleet despite summer doubts

EasyJet expects to operate about 15% of pre-crisis capacity in the current April-June quarter, it said on Thursday, before returning furloughed crews for a much-anticipated summer surge.
"We have the ability to flex up quickly to operate 90% of our current fleet over the peak summer period to match demand," Chief Executive Johan Lundgren said in the airline's results statement.

Published 20 May, 2021 07:02pm

Business & Finance

Easyjet chairman Barton prepares to step down in 2022.

The airline has hired Lygon Group to find a successor to long-serving chairman John Barton, who has held the role since 2013, according to Sky New.

Published 15 May, 2021 05:47pm

World

Too early to say which countries open for British travellers

"It wouldn't be right for me to speculate as to which countries in which areas of the world are likely to be on which list. We will have to look at the right time, it's too early to say at the moment," Courts told a parliamentary committee.

Published 14 Apr, 2021 06:09pm

Business & Finance

EasyJet sees more flying from late May

For the six months ended in March, a period when flying has been severely curtailed by the pandemic.

Published 14 Apr, 2021 11:27am

UK to have traffic light system for travel

LONDON: British Prime Minister Boris Johnson said on Monday it was too soon to say whether international summer...

Published 06 Apr, 2021 04:23am

Business & Finance

EasyJet to raise up to 1.2bn euros from bond deal

The positive response from bond investors comes after British Prime Minister Boris Johnson set out a phased plan on Monday to end England's COVID-19 lockdown.
Encouraged by positive news about travel in its biggest market Britain, easyJet moved to appoint BNP Paribas, Morgan Stanley and Santander as joint bookrunners on Tuesday to run a bond sale.

Published 24 Feb, 2021 08:00pm

Markets

London stocks drop to near one-month low

LONDON: British shares hit a near one-month low on Thursday as energy stocks tracked commodity prices lower ...

Published 29 Jan, 2021 04:55am

Business & Finance

EasyJet says revenues slump almost 90pc on virus hit

In November, EasyJet posted the first annual pre-tax loss in its 25-year history on the virus fallout.

Published 28 Jan, 2021 06:06pm

Business & Finance

Pandemic restrictions force further cuts to easyJet schedule

As a result of these moves, cash burn is estimated to fall to 40 million pounds per week in a fully grounded scenario.

Published 28 Jan, 2021 02:18pm

Markets

FTSE 100 dips

LONDON: London’s FTSE 100 slipped on Monday as a slide in crude oil prices weighed on energy stocks, while tighter...

Published 19 Jan, 2021 04:22am

World

Britain tightens borders to keep out new COVID-19 variants

Britain has already felt the effects of mutations in the virus, after a variant first discovered in England has proved to be more transmissible.

Updated 16 Jan, 2021 12:37am

Business & Finance

EasyJet suspends some voting rights to meet post-Brexit rules

European Union rules state that EU airlines must be owned and controlled by EU nationals or else lose their licences.
EasyJet said on Monday that investors from outside the EU would be restricted to controlling 49.5% of its shares.

Published 04 Jan, 2021 06:01pm

Business & Finance

EasyJet defers Airbus aircraft delivery

The airline said a total of 22 aircraft will be deferred from full year 2022 to 2024, to full year 2027 to 2028.

Published 22 Dec, 2020 01:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 14	279.27
USD PKR Interbank Buying / Feb 14	279.07
USD to Japanese Yen / Feb 14	152.31
USD to Swiss Franc / Feb 14	0.90
Pound Sterling to USD / Feb 14	1.26
Euro to USD / Feb 14	1.05
UK LIBOR % / Feb 14	4.96

Stock	Volume
S&P 500 / Feb 14	6,114.63
India Sensex / Feb 14	75,939.21
Tokyo Nikkei / Feb 14	39,149.43
Nasdaq / Feb 14	20,026.77
Hang Seng / Feb 14	22,620.33
FTSE 100 / Feb 14	8,732.46
Dow Jones / Feb 14	44,546.08
Germany DAX 30 / Feb 14	22,513.42
France CAC40 / Feb 14	8,178.54

Item	Value
Crude Oil USD/Barrel / Feb 14	70.74
Karachi Cotton PKR/37.32 KG / Feb 14	17,785
Gold 10 Grams PKR / Feb 14	262,517
Gold Spot USD/Ounce / Feb 14	2,882.53
Cotton US¢/pound / Feb 14	68.31
Petrol/Litre / Feb 16	256.13
Diesel/Litre / Feb 16	263.95

Gainers
Losers
Leaders

Stock	Price
At-Tahur Ltd. / Feb 14 At-Tahur Limited(PREMA)	35.26 ▲ 3.21 (10.02%)
Saritow Spinning / Feb 14 Saritow Spinning Mills Limited(SSML)	23.84 ▲ 2.17 (10.01%)
Leather Up Ltd. / Feb 14 Leather Up Limited(LEUL)	38.02 ▲ 3.46 (10.01%)
Lucky Cement / Feb 14 Lucky Cement Limited(LUCK)	1,366.37 ▲ 124.22 (10%)
Suhail Jute / Feb 14 Suhail Jute Mills Limited(SUHJ)	108.35 ▲ 9.85 (10%)
Agriautos Ind. / Feb 14 Agriauto Industries Limited(AGIL)	115.49 ▲ 10.5 (10%)
Mandviwala / Feb 14 Mandviwala Mauser Plastic Industries(MWMP)	20.48 ▲ 1.86 (9.99%)
Sindh Abadgar / Feb 14 Sindh Abadgar's Sugar Mills Limited(SASML)	50.08 ▲ 4.55 (9.99%)
Popular Islamic / Feb 14 Popular Islamic Modaraba(PIM)	12.37 ▲ 1.04 (9.18%)
F.Credit & Inv / Feb 14 First Credit and Investment Bank Limited(FCIBL)	8.39 ▲ 0.7 (9.1%)

Stock	Price
Dewan Textile / Feb 14 Dewan Textile Mills Limited(DWTM)	6.80 ▼ -0.99 (-12.71%)
TPL Trakker Ltd / Feb 14 TPL Trakker Limited(TPLT)	7.55 ▼ -0.93 (-10.97%)
I.C.C. Ind. / Feb 14 ICC Industries Limited(ICCI)	10.77 ▼ -1.2 (-10.03%)
Redco Textile / Feb 14 Redco Textiles Limited(REDCO)	22.60 ▼ -2.51 (-10%)
Engro Powergen / Feb 14 Engro Powergen Qadirpur Limited(EPQL)	25.78 ▼ -2.86 (-9.99%)
D.M. Textile / Feb 14 D.M. Textile Mills Limited(DMTX)	63 ▼ -6.99 (-9.99%)
Universal Ins. / Feb 14 The Universal Insurance Company Limited(UVIC)	12.91 ▼ -1.43 (-9.97%)
Sakrand Sugar / Feb 14 Sakrand Sugar Mills Limited(SKRS)	12.11 ▼ -1.34 (-9.96%)
Idrees Tex. / Feb 14 Idrees Textile Mills Limited(IDRT)	12.81 ▼ -1.41 (-9.92%)
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32.68 ▼ -3.56 (-9.82%)

Stock	Volume
B.O.Punjab / Feb 14 The Bank of Punjab(BOP)	79,317,612 ▼ -0.66
Lotte Chemical / Feb 14 Lotte Chemical Pakistan Limited(LOTCHEM)	72,104,503 ▼ -1.12
Power Cement / Feb 14 Power Cement Limited(POWER)	40,290,839 ▼ -0.18
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32,711,461 ▼ -3.56
Hascol Petrol / Feb 14 Hascol Petroleum Limited(HASCOL)	31,600,150 ▼ -0.41
Dewan Motors / Feb 14 Dewan Farooque Motors Limited(DFML)	31,281,602 ▼ -2.6
Cnergyico PK / Feb 14 Cnergyico PK Limited(CNERGY)	20,508,125 ▼ -0.25
Fauji Foods Ltd / Feb 14 Fauji Foods Limited(FFL)	20,173,357 ▼ -0.24
Fauji Cement / Feb 14 Fauji Cement Company Limited(FCCL)	16,904,777 ▼ -1.09
WorldCall Telecom / Feb 14 Worldcall Telecom Limited(WTL)	16,467,161 ▼ -0.04

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