News

EasyJet shares plummeted after the budget airline warned that the timing of Easter would have an impact on its first-half results.

Ocado posts 11th consecutive annual loss but forecasts profit

The online grocer Ocado has mounted a vigorous defence of its business model after posting another loss for the 11th year running.

The Week Ahead: Punters betting on a strong 888 update

Investors in online-poker specialist 888 Holdings will be hoping for a strong update today.

Chief's surprise exit takes a bite out of Premier

Premier Foods shocked the City yesterday by revealing that the chief executive it had brought in to revive the fortunes of the debt-laden owner of Hovis bread was leaving after just 18 months.

Market Report: Hopes of fiscal cliff deal lift festive mood

Hopes of a deal in the United States fiscal cliff negotiations lifted stock markets across the world yesterday and boosted feelings that 2012 will end on an economic high. While a record-breaking Santa Rally is almost certainly out of the question, experts said positive news from across the pond could propel markets beyond their current level.

Market Report: I'm a Celebrity lifts ITV in ads jungle

Most people watching I'm a Celebrity... Get Me Out of Here are probably squirming at the behaviour of its inmates, Z-listers and creepy crawlies alike. Not City analysts: they're busy working out whether better viewing figures should affect their forecasts for its broadcaster.

The Market Report: Carnival shakes off its sea sickness

Nothing like a disaster at sea to put people off booking a cruise. The deadly accident in January that befell those on board the Costa Concordia off the coast of Italy steered potential cruise goers to safer shores for months. Last month, the cruise operator Carnival reported stronger-than-expected quarterly results which showed signs that punters were regaining their sea legs. Yesterday, US rival Royal Caribbean raised its full-year forecast.

Third platinum chief executive quits

The chief executive of Aquarius Platinum has resigned as pressure mounts across the South African precious metal industry, with falling prices and violent wage protests.

Market Report: Snake anti-venom puts bite into BTG

Brisk summer business usually comes in the shape of holidays, barbeques, and ice cream sales. But for BTG the summer sun boosts the flogging of snake anti-venom. BTG, the pharmaceutical group which was first created by the Government to protect British inventions back in the 1940s, shot up the FTSE 250 index after reporting that it had outperformed in the first half and was increasing its revenue expectations for the full year.

Goals bidder Teachers suffers shock defeat

The match to take over Goals Soccer Centre, which had already dragged into extra time, yesterday ended in a shock defeat for the £73m bidder.

Market Report: Mothercare struggles despite new arrival

It looks like it is going to take more than a buggy assault course and an in-store coffee shop to persuade the Square Mile that Mothercare is worth buying. The struggling baby products retailer recently launched a new-look store in an attempt to revive its fortunes, but it has not stopped the attacks from scribes in the City.

Ocado under more fire from hostile analysts

Online supermarket Ocado yesterday came under the harshest attack from analysts yet since its troubled stock-market flotation in 2010 as one predicted it could breach its banking covenants this year.

Land Securities' lettings soaring

Deals may be taking longer to get done, but the UK's biggest landlord Land Securities has had its best quarter for five years, its chief executive Rob Noel said yesterday.

Market Report: Sparkle returns to luxury brands

Its handbags may sell for several hundred pounds, but shares in Mulberry are considerably cheaper, especially over the past couple of months. The luxury goods brand – which recently named a bag after US singer Lana del Rey – has very much fallen out of fashion, with its share price having been cut in half since May.

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Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
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