Support deal signed with Pratt & Whitney 40 A320NEO to stay grounded into 2026Shares down 34% year-to-dateShares in Wizz Air (WIZZ) gained around 2% to £14.44 in morning trading as investors welcomed the European budget carrier's support agreement with engine maker Pratt & Whitney in relation to its grounded aircraft.As well as giving operational support, Pratt & Whitney - which is part of US def

Equities in Europe declined on Monday, in holiday-thinned trade, while declines in New York were more dramatic, with tech stocks bearing the brunt.The FTSE 100 index ended down 28.77 points, 0.4%, at 8,121.01. The FTSE 250 shed 84.10 points, 0.4%, at 20,404.55, and the AIM All-Share lost 0.89 of a point, 0.1%, at 714.23.The Cboe UK 100 ended down 0.2% at 814.55, the Cboe UK 250 fell 0.4% at 17,858

Airline and package holidays provider Jet2 (JET2:AIM) is an example of why treating your customers well is not just a good ethical position to adopt but also makes excellent business sense.The company recently won European Airline of the Year and scores highly on review platforms TripAdvisor and Trustpilot and its excellence in this area, including during Covid when it stood out compared with seve

Revenue up 15% to £5.08 billionWinter 2024/2025 on sale seat capacity 14% higherShares up 31% over the past yearShares in Jet2 (JET2:AIM) were up nearly 5% to £14.94 in morning trading as the airline and package holidays provider reported record revenue, profit and passenger numbers for the first half year ending 30 September and said it expected the full year to be ahead of market expectations.

Full year guidance reiteratedOn target for £700m profit in 2025Substantial free cash flow expectedAerospace components maker Melrose Industries (MRO) defied the malaise in the sector caused by supply shortages after confirming full year- year profit expectations on increased demand for aftermarket parts and services.Investors welcomed the resilient performance by marking the shares up 7% to a new

International Consolidated Airlines (IAG) 239p Gain to date: 47.5% Since we flagged the appeal of the stock in March, British Airways owner International Consolidated Airlines (IAG) has gone from strength-to-strength.Passenger numbers have increased despite continued pressures on household budgets and the company has put in a strong financial performance which looks set to continue.The airline's s

European shares went into reverse early Tuesday, as the lack of new stimulus in China disappointed the market, while the story in London was Vistry, which slumped by a third after a profit warning.'Having persuaded a sceptical audience that it was managing the transition from mainstream to partnership housebuilder, and outperformed the sector by over 30% in the last twelve months, Vistry now has t

We start the review on a positive note with the news of two small-cap IPOs (initial public offers), one in the healthcare space and one in the red-hot AI (artificial intelligence) space.Having sold its governance, risk and compliance software business to private equity earlier this year and returned £225 million to shareholders via a buyback and special dividend, business services group Marlowe (

Another year of above-average returns58th consecutive year of dividend growthLower annual feesThe popular City of London (CTY) investment trust delivered another year of outperformance and dividend growth, marking 58 consecutive years of increases, the longest record in the AIC's (Association of Investment Companies) list of Dividend Heroes.The shares traded down 1.65p or 0.37% to 439.9p, but are

Jet2 founder Meeson sells five million sharesMajor Costain shareholder sells upWeir director snaps up £60,277 sharesPhilip Meeson, founder and largest shareholder of airline and package holidays provider Jet2 (JET2:AIM) has sold five million shares to a limited number of institutional investors on 11 September, representing approximately 2.3% of the issued ordinary share capital in the company.Th

Aeronautical engineer Rolls-Royce (RR.) is not going to be caught up in a new crisis after airline Cathay Pacific (0293:HKG) found a fault with the engines used 'on its fleet of Airbus (AIR:EPA) A350 jets.This was the prevailing mood among investors and analysts as the dust settled on a late afternoon trading session on 2 September following reports that a Rolls-Royce component failure led Cathay

Investors see optimism after panic sell-offJefferies analysts see limited impactRolls-Royce shares rallied 585% in two yearsAero-engineer Rolls Royce (RR.) is near the top of the FTSE 100 leaderboard on Tuesday (3 Sep) after analysts increasingly suggest a component failure that led airline Cathay Pacific (0293:HKG) to cancel some Airbus (AIR:EPA) A350 flights is probably less serious than Monday'

6.2 million passengers for Wizz Air, up 1%8% rise in passengers for RyanairRyanair reports load factor of 96% in AugustEuropean budget carrier Wizz Air (WIZZ) reported a record 6.2 million passenger numbers for August despite operated seat capacity being down 0.4% year-on-year due to the Pratt & Whitney GTF engine-related groundings.Wizz Air has seen a large number of aircraft grounded thanks to t

Stocks in London drifted into the red on Monday, on what was a quieter day for global equity markets given the US public holiday.The FTSE 100 index closed down 12.79 points, 0.2%, at 8,363.84. The FTSE 250 ended down 106.03 points, 0.5%, at 20,980.51, and the AIM All-Share closed down 5.61 points, 0.7%, at 766.90.The Cboe UK 100 ended down 0.1% at 836.73, the Cboe UK 250 closed down 0.4% at 18,493

The Global Smaller Companies Trust (GSCT) 166pMarket cap: £794.4 millionDespite the recent stock market dominance of mega-cap US tech companies, high-quality smaller caps have a longer term record of outperforming. With greater inherent growth potential than their large cap brethren, small caps tend to fare well in a falling interest rate environment and with borrowing costs on the way down in t

Stock prices in Europe were in the green at midday on Tuesday, while medical device developer Belluscura surged on London's AIM market after anticipating a revenue jump.The FTSE 100 index was up 9.28 points, or 0.1%, at 8,337.06. The FTSE 250 was down 21.43 points, or 0.1%, at 21,168.05, and the AIM All-Share was up 1.56 points, or 0.2%, at 779.25.The Cboe UK 100 was up 0.1% at 833.82, the Cboe UK

Stock prices in Europe opened in the green on Tuesday, after data showed UK shop prices in August entered deflation for the first time since 2021, ahead of a key speech by Prime Minister Keir Starmer.The FTSE 100 index opened up 48.39 points, or 0.6%, at 8,376.17. The FTSE 250 was up 31.41 points, or 0.2%, at 21,220.89, and the AIM All-Share was up 0.63 points, or 0.1%, at 778.32.The Cboe UK 100 w

Budapest-based low-cost airline Wizz Air (WIZZ) posted (1 August) a slight increase in revenue to €1.26 billion for the quarter to the end of June, but higher operating and finance costs plus a foreign exchange loss sent it into deficit for the period.The shares slumped as much as 380p or 20%, the most since the early days of the pandemic, as investors headed for the exits.The airline cut its

Dividend resumedTotal revenue €14.72 billionIAG shares up 8% year-to-dateShares in International Consolidated Airlines (IAG) rose over 6% in morning trading to 169p as the British Airways owner said strong demand for travel helped lift its results in the six months to 30 June 2024.Total revenue increased 8% to €14.72 billion compared to €13.58 billion in the same year ago period.

European stocks were under pressure on Tuesday, while US equities are set to open lower, after eurozone inflation data veered towards being unfavourable, as core price pressure remains robust.The data may have given European Central Bank President Christine Lagarde some food for thought. Lagarde, and her Federal Reserve counterpart Jerome Powell, speak at a conference in Sintra, Portugal later.The