Diary: Hit or Miss... easyJet profits warning
The Financial Times swiftly dubbed easyJet's announcement this week that rising oil prices knock £4m off its full-year results a 'second profits warning in just over a month'. Though it disputes the FT's claim that its change from 'cautiously optimistic' to 'cautious' in its May interim results had been an earlier profit warning, easyJet shares fell from just over 200p on Friday to close at 163.5p by the end of Monday. The FT's Lex column opined that the announcement 'dents the credibility of the management', 'hardly inspires trusts' and Easyjet corporate affairs head Toby Nicol may well be wondering whether he should have taken that BAA job after all (PRWeek, 5 March).
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