Annual profit guidance confirmed Shares up 9% over the past year Own cash balance of £1.1 billion Shares in Jet2 (JET:AIM) gained over 16% to £15.73 in morning trading as the airline and package holiday provider said it expected full year 2025 results to be in line with guidance and announced a £250 million share buyback. Jet2 expects a group profit before foreign exchange revaluation and...

Just over five years ago the stock market began to react in earnest to news of the Covid pandemic.The sell-off was short and sharp, with a modest recovery from the lows in the spring followed by sharper gains in November 2020 after AstraZeneca (AZN) made a vaccine breakthrough.However, a large number of UK stocks are still trading below the levels they were at by the close of trading on 21...

Winter load factor down 2.2%Margins to come under pressureCEO 'satisfied' with early Summer 2025 bookingsAirline and package holidays provider Jet2 (JET2:AIM) assured investors that despite continued late bookings and competitive pricing, profits for the year to 31 March 2025 should be 8% to 10% higher.So why did the shares drop 10% to £14.10 in early dealings on 19 February?The catalyst was...

The number of companies on London's AIM market worth more than £1 billion has hit a nine-year low. A mere six stocks were worth more than £1 billion at the end of November 2024 compared with 30 at the end of 2021.From those 30 companies and excluding those still worth more than £1 billion, seven have disappeared through takeovers, three have moved to the Main Market, and the rest have...

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...

Blue-chips in London traded in the green around midday on Thursday, as the escalating conflict in Ukraine pushed oil and gold prices higher.The FTSE 100 index added 25.97 points, 0.3%, at 8,111.04. The FTSE 250 lost 45.77 points, 0.2%, at 20,198.99, and the AIM All-Share rose 2.00 points, 0.3%, at 724.34.The Cboe UK 100 was up 0.3% at 815.30, the Cboe UK 250 was down 0.2% at 17,701.10, and the...

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...

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...

Summer 2024 on sale seat capacity up 12.4%Booked-to-date holiday customers up 8%Shares up 41% over the past yearShares in Jet2 (JET2:AIM) flew 1.6% higher to £14.78 as the market responded positively to the airline and package holidays provider's strong late booking momentum in July and August which helped lift on sale seat capacity for summer 2024 to 17.17 million seats, up 12.4% from last...

Burberry chair shows faith after profit warningMotorpoint CEO sells 100,000 sharesJet2 chairman snaps up stockDr Gerry Murphy, chairman of Burberry (BRBY), bought 20,000 shares in the luxury goods group at 725p for a total value of £145,000 on 16 July.Murphy's move followed another poor update from the heritage trench coats-to-cashmere scarves seller, which suspended its dividend, and said...

Progress made with growth strategyFull year pre-tax profit up 43%Over the past year shares have gained 16%Shares in Jet2 (JET2:AIM) were up over 1% in morning trading at £13.08 as the airline and package holidays provider reported a 43% jump in pre-tax profit to £529.5 million for the year ending 31 March 2024.Total revenue was up 24% to £6.25 billion compared to £5.03 billion last...

UK stocks look cheap on so many different valuation metrics, not just one or two, suggesting a robust, genuine investment opportunity is available to long-term investors. So why does nobody seem convinced?This article explores the scepticism surrounding the UK?s market?s attractive valuation and examines the underlying evidence to support it. Shares concludes UK stocks really are a compelling...

Fund outperforms benchmark in 2023Dividend increases by 7% to 7.65pShares sit at 13% discount to NAVMid- and small-cap UK growth investor Mercantile Investment Trust (MRC) outperformed its benchmark in the year to 31 January, delivering a net asset total return of 4.5% and total shareholder returns of 6.1%.The dividend was increased by 7% for the year to 7.65p per share, comfortably covered by...

JPMorgan UK Small Cap Growth & Income(JUGI) 293.5pMarket cap: £403.4 millionA major trend in the investment trust sector is mergers between sub-scale trusts with similar remits to create funds large enough and sufficiently liquid to attract wealth managers and retail investors.One example which Shares believes offers a compelling proposition is JPMorgan UK Small Cap Growth & Income (JUGI),...

Winter bookings above expectationsPre-tax profit guidance raisedShares up 11% year-to-dateShares in Jet2 (JET2:AIM) were up nearly 5% to £13.88 as the airline and package holiday provider said winter 2023/24 forward bookings were up by 17% for both flight-only and package holiday products for the year ending 31 March 2024.The company also slightly raised its outlook for group pre-tax profit...

For the second part of our annual survey, we asked fund managers if they had changed their view on any stocks this year, for better or for worse, and what lay behind their decisions.As with the winners and losers survey last week, the answers were often frank and once again we would like to thank everyone who took part.Thomas Moore - Aberdeen Equity Income Trust (AEI)THE STOCK THAT I CHANGED...

Revenue up 24% to £4.4 billion7% increase in seat capacityAverage price of a Jet2holidays package holiday up 11%Shares in Jet2 (JET2:AIM) were down more than 3% to £10.95 in morning trading despite the UK package holidays business reporting a 47% rise in pre-tax profits of £660.5 million for the first half of the year ending 30 September.Flight only net ticket yield per passenger sector was...

Sale seat capacity 15.26 millionShares up 17% year-to-dateMarket share will grow says analystsShares in Jet2 (JET2:AIM) were up more than 7% to £11.04 as the low-cost airline posted a positive trading update ahead of its annual general meeting.Jet2 shares are up 17% year-to-date as investors continue to be pleased with the company's post-pandemic strategy. Analysts at Canaccord Genuity...

It's now 10 years since the government allowed AIM shares to be held in a stocks and shares ISA, opening the door to investors protecting themselves not just from income and capital gains tax, but from inheritance tax too.That's because many AIM companies, though not all, are free from inheritance tax (IHT) if held for two years or more, under business property relief rules that are designed...

To say online travel agent On The Beach (OTB) has had a bad year is an understatement.The first summer holiday season not besmirched by either Covid or major delays has been marred by escalating marketing spend which has helped keep the company loss-making - £6 million in the red for the six-month period to 31 March 2023.The company has faced strong competitive pressures in the value...