The City roundup video: easyJet sales boost, Miller Homes float and Searcys takes sparkling wine off the menu

Video: Jamie Dunkley provides a run-down of the day's major news from the City

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The Independent Online

Don't miss out on the goings on in the business world, with our daily roundup of the biggest news from the City.

It has been a great day for easyJet investors. The budget airline has seen the value of its shares soar by more than 6 per cent after a strike at rival Air France saw passengers pack their planes.

A “strong finish to the year” saw the airline upgrade its forecasts  on the FTSE-100, with many of the 150,000 passengers who were booked on the French airline switching onto easyJet’s routes, helping it pocket an extra £5 million-worth of fares.

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Its full year profits are now set to be about 20% higher than they were last year.

Elsewhere, Miller Homes pulled a £450 million float, blaming the weakness in the stock market. Miller is the first company to pull a stock market float since the spring when Fat Face and Wizz air cancelled their plans to list in London.

And finally, high-end champagne bar chain Searcys has started decided to remove sparkling wine off its menus. Searcys bosses have said that patrons are preferring to go more upmarket and steering clear of the the cheaper alternative to champers.

 

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