FTSE LIVE: EasyJet ups profit forecast amid strikes and weather woes


FTSE LIVE: Pound slides as UK inflation unexpectedly stays at 2.4%; EasyJet ups profit forecast despite strikes and weather woes; Competition watchdog calls for pensions sector shake-up

Inflation in the UK has stuck at 2.4 per cent the ONS has revealed, surprising many forecasters who had expected it to creep higher. 

EasyJet has today upped its full-year profit guidance, despite the budget airline cancelling 2,606 flights in its third quarter amid bad weather and air traffic control strikes. 

Elsewhere, the competition watchdog has proposed reforms to the pension investment sector and the FTSE 100, which was boosted by a weak pound at the end of Tuesday, jumped 0.3 per cent to 7,651 at the open.



Source link