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The outlook for the airline sector looks grimmer after Ryanair (RYA) warned of fare price cuts and potential operational disruption from the Brexit vote. The low-cost airline has stuck to previous guidance taht this will likely lead to an average fares cut of 8% in the six months to 31 March 2018. This is because of biting pricing competition. Despite the expected decline in fare ...

In the second quarter of 2017 there have been 45 profit warnings. This is the lowest level for seven years. But consultancy EY warns that it may be unwise to read too much into that stat. Profit warnings are a measure of performance against expectations. A stronger than expected global economy combined with falling forecasts have led to a low level of profit warnings. Companies have had time ...

UK consumers and businesses could slash up to £40bn off energy bills by 2050 if the nation embraces a technological shake-up. That’s the view of energy watchdog Ofgem and the government. The new plan would involve a complete revamp of the way Britain makes, uses, and stores electricity in the future. It would make it easier for consumers to generate their own power, using things like solar ...

The FTSE 100 opens down by over 40 points to 7,420.05 as aviation giants continue to struggle. Easyjet (EZJ) is down 2.74% to £12.76 while International Consolidated Airlines (IAG) also sheds 2.3% to 576.5p Another key airline Ryanair (RYA) shares are down 5% to 17.19p despite reporting a first quarter to June 30 profit of €397m. The company says that the results are distorted as Easter ...

A sharp focus on the AO World (AO.) brand has helped the electrical retailer boost UK sales growth by 2.5% between April and June 2017 despite difficult trading conditions. AO World has had a tough year as a softer trading performance has been affected by a tougher white goods market. The company has reduced sales through third party websites in a bid to boost its own branded sales to more ...

The FTSE 100 opens 10 points up to 7,497.67 rounding off what has been a decent week for the UK’s main market. Mobile operator Vodafone (VOD) shares tick up 2.7% to 230.9p as it reports organic revenue growth of 2.2% in the first quarter to 30 June. The company says it is enjoying robust growth in Italy and Spain while the UK is recovering. Emergency home repairs company Homeserve ...

Specialist distribution company Connect (CNCT) is trading on a forecast price to earnings ratio of just 6.5-times this year to 31 August 2017. The rating also implies a whopping 9.2% dividend yield, based on the current 107p share price. Is this too good to be true? Not according to Martin Brown, analyst at broker Shore Capital, who upgrades the stock to ‘buy’. Brown says that ‘the ...

Kitchen products supplier Howden Joinery (HWDN) has enjoyed a satisfying start to 2017 in a difficult retail environment with UK sales growth up 4% year-on-year. UK sales have increased by 6.5% in the first four weeks of the second half of its financial year and management feel confident enough to maintain full year expectations. Investors are clearly happy that Howden has not followed ...

Unloved sporting goods giant Sports Direct International (SPD) is in investors’ good books for the first time in recent memory. That's despite annual numbers revealing a massive slump in profits. Mike Ashley’s optimistic outlook statement, including the news trading in new generation flagship stores is ‘exceeding our expectations’, combines with the appointment of a new finance director ...

Comparison site Moneysupermarket.com (MONY) falls 9.7% to 324.6p as a strong year-to-date performance heading into today’s mild profit warning proves a toxic mix. We flagged concerns about valuation, competition and the pressure on margins from marketing spend here. Alongside first half results the company says a ‘lack of blockbuster energy deals’ means less switching. Moneysupermarket is ...