Updates from easyJet and Telecom Plus


A 9.9-point drop for the FTSE 100 on Thursday, ending at 6,649.1. BSkyB took the biggest hit, down 2.88% to 892.50p with the Royal Mail down 2.05% to 550.50p. Tullow Oil, on the other hand, soared 6.24% to 800p after a UBS upgrade.

The Dow Jones slipped slightly - down 0.45 points - to 16,572.5, falling for the first time in five trading days.

A quiet day for corporate news. We start with a trading update from Telecom Plus, better known as Utility Warehouse, for the financial year up to 31 March. The company claims a strong last quarter, despite a relatively warm winter.

Profitability for the year to 31 March 2014 remains in line with consensus market expectations. Telecom Plus says it will pay a final dividend of 19p per share making a total dividend of 35p per share (2013: 31p).

"The recent significant increase," says boss Andrew Lindsay, "in the number of distributors joining the business, combined with the new tools we have just introduced, have the potential to materially accelerate our current growth."

Next, new passenger stats for March from easyJet. Passenger numbers were up 4.8% from 4,872,934 a year ago to 5,107,676. That's a 4.8% climb. The load factor also climbs 1% from 90.5% to 91.5%.

easyJet recently said it will create more than 2,500 jobs if extension plans at Luton airport go ahead. easyJet wants to up the number of passenger numbers departing from Luton from four million to nine million.

The move is being looked at by Communities Secretary Eric Pickles. The airline meanwhile saw its first flight from Gatwick to Tel Aviv on 1 April. "The new flights from Gatwick will also offer a new gateway into the UK from Israel which we are sure will prove extremely popular."

Lastly, Kentz Corporation has announced that Ed Power, Chief Financial Officer will step down from his position, on reaching normal retirement age, at the end of May.

Power will not stand for re-election at the next Annual General Meeting on 16 May and will retire as Executive Director, said the company in a statement. Meg Lassarat succeeds Power as CFO.

Meanwhile Kentz will see their board remuneration put to a shareholder vote next month for the first time - a change of heart for the company."