Last week the Eastern European based low cost airline Wizz Air saw its share price rattled by management issuing a statement that the conflict in the Middle East combined with rising fuel prices would result in a negative impact on FY26 profits of around EUR50m. With hostilities showing no signs of relenting over the weekend, the airline’s stock has once again been the subject of very heavy selling in early trade on Monday, with the Wizz Air share price down 8% in early trade. That takes losses since the middle of last week to 22%.
One of the biggest losers in the FTSE-100 this morning was Antofagasta and whilst there may be a link between the price of Copper amidst global economic turmoil, media reports this morning are highlighting a broker downgrade as having rattled sentiment. The stock is still seen as being a sound investment with healthy capital returns on offer but predictions over valuations have been pared back, leading. to some material selling. The Antofagasta share price was down 6% shortly after the open.
Shipping services firm Clarkson published full year numbers this morning. Clearly there’s an interesting current backdrop and the numbers painted a challenging situation too, following a notable dip in revenues for FY25. However management highlighted that the second half of last year had seen a notable improvement, this momentum was being sustained and they had the confidence to bolster the dividend for a 23rd consecutive year. By 8.45am the Clarkson share price was down less than 1% but had been trading up by as much as 2% shortly after the open.
Most read news on Investegate this morning
No intention to make an offer for M&C Saatchi plc - - M&C Saatchi (SAA)
Investor Presentation and Q&A - - Zanaga Iron Ore Co. Ltd (DI) (ZIOC)
PIC Appoints Mike Eakins as CEO - - PENSION INSURANCE CORPORATION PLC (35CS)
