Shares in Easyjet continue to fly after the company announced that it has increased capacity for next summer’s flights by almost 300,000 seats. The budget carrier has put more than 11.5 million seats on sale to 100 destinations across Europe, Northern Africa, Russia and Iceland.
WH Smith, +5.09%
Registering the most impressive gains within the FTSE 350, WH Smith has announced that yearly profit has risen up to 6 percent. Consequently, a £50M share buyback programme has been announced today. Additionally, total dividend has been raised by 14 percent to 30.7p per share. This comes despite falling high street sales.
Ashtead Group, +4.15%
Ashtead Group have received a boost after their stock rating was upgraded by analysts at Numis Securities to an “add” rating. The firm currently has a 670p price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 13.56% from the company’s current price.
Shares in the British house builder have climbed after Redrow was selected by an assortment of government agencies as preferred bidder for 1,650 homes on the site of a former police training centre in Hendon, north London. It will now work up plans with Barnet council with a planning application anticipated to be made in the first half of next year.
Leni Gas & Oil, +20.13%
Leni Gas & Oil have announced the achievement of a significant milestone with net oil production breaching the 500 barrels per day mark for the first time. This comes from the company’s combined operations in Spain and Trinidad where on-going improvements and well reactivations are currently taking place. The company said that its Goudron Field in Eastern Trinidad increased production in the company’s first-half from 105 barrels a day at the end of 2012 to 260 barrels.
Vedanta Resources, -0.98%
Shares in Vedanta Resources tumbled more than any other FTSE 100 constituent after reporting a decline in copper output in Zambia and saying iron-ore mining in Karnataka state remains on hold. Copper production fell 26% to 34,000 tonnes in Zambia in the second quarter. The miner lowered its forecast for output to 140,000 tonnes this fiscal year due to a slower ramp up at its Konkola unit.
N Brown Group, -3.5%
The Manchester based retailer have shed considerable value from their share price during this morning’s session as investors weigh up the likelihood of a successful expansion. N Brown are plotting to open 25 new shops amid a sharp rise in sales tanks to online shopping.
Informa was downgraded by equities research analysts at Westhouse Securities to a “neutral” rating in a research note issued to investors today. They currently have a 513p price target on the stock, down from their previous target price of 570p. Westhouse Securities’ target price points to a potential upside of 0.59% from the company’s current price.
Minera IRL Limited, -11.11%
Shares in Minera have plunged after LionGold dropped their takeover bid for the company. Additionally, Minera have ended their $300M subscription with Ciminas.