EasyJet, Supply@ME, Entain, Treatt: Morning Roundup

London-listed stocks are down in early trading as investors await key inflation data in the US. Investors would have kept a close eye on the latest minutes from the Fed as they continue to persist with battling inflation.

The FTSE 100 is currently down -0.5%. Check out the latest news from London-listed stocks on Thursday.

EasyJet

  • EasyJet reported its trading update, which saw Q4 EBIT expected to be between £525 million and £545 million.
  • Easyjet flew 26.3 million seats during its fourth quarter, operating at 88% of FY19 capacity.
  • Furthermore, EasyJet holidays generated FY22 profit before tax in excess of £35 million.
  • The group states its booked load factors are ahead of the same point in FY19.

Supply@ME

  • Supply@ME announced it has finalised a new unsecured bank loan with Banco BPM.
  • The Banco BPM Loan will be primarily used for investment in technology, underpinning the SYME Platform.
  • The key commercial terms are €1 million principle amount, at 275 basis points over the Euribor interest rate.
  • Finally, the repayment is over a 5-year term.

Entain

  • Entain reported its trading for the period from 1 July to 30 September.
  • Group net gaming revenue was up 2%, whilst the company posted record level of active customers, +65 year-on-year.
  • The company expects EBITDA to be in line with its previous guidance of £925 million and £975 million, representing a 10% growth vs the prior year.
  • Entain shares are up 2% on Thursday.

Treatt

  • On Thursday, Treatt published its trading update for the year.
  • FY22 profit before tax is still expected in line with the board’s expectations of between £15 million and £15.3 million.
  • Revenue growth of 13% is in line with market expectations.
  • Treatt shares gained 5.52% following the report.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s