Sun. Sep 20th, 2020

Stock markets rise as traders wait for progress on US-China trade deal – business live

Pound inches higher towards $1.30 on hopes of smoother Brexit process

9.02am GMT

EasyJet shares have also gained 4%, to £13.26, despite a 26% drop in pretax profits to £427m for the year to 30 September.

The budget airline carried record passenger numbers but blamed weaker confidence due to Brexit uncertainty for a 1.8% fall in revenue per seat.

I am really thrilled that with the launch before Christmas of our brand new EasyJet Holidays business, we are bringing flexibility and excellent value to the holiday market. We believe there is a gap in the market for a modern, relevant and flexible business for today’s consumer.

8.53am GMT

Cobham shares rose more than 4% on the news, and are now trading 3.9% higher at 160.8p.

The FTSE 100 index has pushed almost 40 points higher to 7,346.31, a gain of 0.53%. European stock markets are also rising.

Continue reading…Pound inches higher towards $1.30 on hopes of smoother Brexit process 9.02am GMTEasyJet shares have also gained 4%, to £13.26, despite a 26% drop in pretax profits to £427m for the year to 30 September. The budget airline carried record passenger numbers but blamed weaker confidence due to Brexit uncertainty for a 1.8% fall in revenue per seat. I am really thrilled that with the launch before Christmas of our brand new EasyJet Holidays business, we are bringing flexibility and excellent value to the holiday market. We believe there is a gap in the market for a modern, relevant and flexible business for today’s consumer. 8.53am GMTCobham shares rose more than 4% on the news, and are now trading 3.9% higher at 160.8p. The FTSE 100 index has pushed almost 40 points higher to 7,346.31, a gain of 0.53%. European stock markets are also rising. Continue reading…

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