Updates from Easyjet and Whitbread

The FTSE 100 ended Monday +0.35% ahead at 6,330.4, up 22 points. Aggreko was the biggest riser, up +3.83% while ARM Holdings saw the biggest loss of the day, -3.71%, on negative noises from analysts.

The Dow Jones ended more than 100 points up at 15,179. Overnight, the Nikkei 225 was down -0.30% at 12,993 as uncertainty over US Fed bond purchases loomed.
We focus on three FTSE 100 players only this morning. Power company Aggreko, yesterday's biggest gainer, says it expects to deliver first half year revenues growth of around 5% and trading profits will be at similar levels to those of last year.

On an underlying basis the Americas region is expected to grow revenues by around 11% says Aggreko, and EMEA by around 8%. But Asia Pacific is expected to deliver revenues around 6% lower than last year, principally due to lower revenues from Japan and Indonesia it says.

"In the second half, revenues in Power Projects are expected to be higher than in the first as our new gas contracts in Mozambique and Côte d'Ivoire come on line, and we expect that the Local business will continue to deliver growth."

Next Whitbread. First quarter Group sales climb +13.8% and like-for-like sales up +3.1%. Premier Inn saw total sales up by +12.7% and like-for-like sales by 2.7%, against strong comparatives in the London hotel market last year Whitbread claims.

Costa - Whitbread owns the popular coffee chain - has continued to perform well claims the company, benefitting from the cold weather, with total sales growth of 24.8% and like-for-like sales growth of 8.0%.

"We see no change to market conditions," says Whitbread. "Our plans for profitable organic growth are well established which, combined with our strong focus on returns, should create further substantial shareholder value."

Lastly, Easyjet says it is snapping up more more Airbus jets, with a new order for 35 current generation A320 aircraft plus 100 new generation A320neo planes. The budget airline says it has also agreed rights to purchase 100 more A320neo family aircraft.

The purchases claims Easyjet will help mitigate against fuel inflationary increases. "The 180 seater New Generation A320neo Aircraft is expected to deliver a cost per seat saving of between 11% and 12%, compared to a 156 seater Current Generation A319 Aircraft."

"Both Airbus and Boeing," says boss Carolyn McCall, "offered us new generation aircraft that met our requirements and offered greatly improved fuel efficiency. Ultimately, Airbus offered us the best deal, and at a price with a greater discount to the list price than their landmark fleet purchase with easyJet in 2002."