FTSE falters but easyJet climbs on upbeat passenger numbers

Discussion in 'Market News' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Leading shares slip back on German factory data after Monday’s surge

    Leading shares made an early attempt to move higher after Monday’s near 3% surge, but the rally has soon run out of steam.

    Investors have been buoyed by hopes that central banks would keep supporting the global economy with stimulus measures. New moves from China and the European Central Bank have been suggested, while the Federal Reserve seems less likely to raise US rates this year after Friday’s weak jobs data.

    An interesting aside - easyJet’s full year traffic figures saw it post an eighth consecutive annual increase in load factors. Over that period, it has improved its load factor from 83.7% to this year’s 91.5% (year to September). Meanwhile, Ryanair has gone from 82% to 91% in just two years, highlighting the speed of Ryanair’s improvements and repositioning.

    Most other key products are performing well, but we expect focus to be on Varithena which, despite BTG remaining confident in its longer-term potential, is likely to send the shares down... today, in our view. We still believe the current share price more than discounts Varithena risks, hence the buy rating.

    The long- term potential with Varithena remains attractive in our view as the company expands reimbursement coverage and pipeline plans in interventional medicine remain compelling.

    Continue reading...

Share This Page

free forex signals