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Market report: Astrazeneca injects some life into the FTSE as it smashes through 7,200

The FTSE 100 is up 0.4% 7,222.45 as positively received corporate results help provide the index with a lift on Thursday. Pharmaceutical giant AstraZeneca (AZN) gains 4% to £59.49 after a 'strong' fourth quarter led by performance of new medicines underscored its return to growth and saw the drugmaker meet its guidance. For the 12 months to 31 December, revenue fell 2% to $22.1bn and ...

Wizz Air keeps full year guidance despite plummeting Q3 profits and rising fuel prices

Hungarian airline Wizz Air (WIZZ) proved its resilience as rising operating and fuel costs failed to knock profit guidance despite a sharp decline in profits over the quarter to 31 December. The cost of fuel surged 21.6% over the period while other costs rose 4.3% reflecting one-off pilot salary hikes, causing profit to fall from €14m to €1.7m. Guidance for net income for the year to ...

Market report: Warnings leave investors wary although better news comes from Halma and Plus500

Tuesday has the look of another down day as early trading sees the FTSE 100 index slide back below the 7,000 mark. At 8.30am the UK’s blue-chip benchmark is trading around 30 points off at 6,970.32. This follows a rocky ride for lading US stocks overnight with the Dow down nearly 400 points and Nasdaq falling 219 points lower as technology-led stock market heavyweights such as ...

Market report: Ryanair takes a nosedive as strikes spark profits warning, Aston Martin tightens IPO price range

Low-cost carrier Ryanair (RYA) lowered its full-year adjusted profit forecast on Monday, citing lower traffic and forward bookings due to a series of strikes by its crews. The company says it now expects profit for the year to range between €1.1bn and €1.2bn, which compares with a prior forecast of €1.25bn to €1.35bn. That goes down badly with investors who market the stock more than ...
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