European Stock Markets
Britain's FTSE 100 FTSE blue chip index was flat early on Tuesday amidst a flurry of company updates, with easyJet (EZJ.L) the top performer while quality testing firm Intertek (ITRK.L) and caterer Compass Group (CPG.L) fell after giving updates.
The airline said that it was benefiting from the collapse of rivals and problems at peer Ryanair (RYA.I), which has helped its pricing trends.
Shares in SIG (SHI.L), a construction materials supplier, were the biggest gainers, up 8.9 percent after a trading update.
The FTSE held at 7,387.96 points by 0947 GMT following a weak start, while mid caps .FTMC declined 0.1 percent
Budget
airline easyJet’s full year earnings were well-received, with its
shares soaring more than 5 percent to the top of the FTSE.
The airline said that it was benefiting from the collapse of rivals and problems at peer Ryanair (RYA.I), which has helped its pricing trends.
Compass
fell 3.3 percent, touching its lowest level in eight months after
releasing its full year earnings, while Intertek was 3.4 percent lower
after issuing a trading statement.
Johnson Matthey (JMAT.L)
declined more than 2 percent after the catalyst maker saw its
first-half operating profit fall 2 percent following one-off
restructuring charges.
Infrastructure maintenance contractor Babcock (BAB.L) was another sizeable faller, down 2.7 percent after its first half results.
Earnings were also the main focus among mid caps .FTMC.
Shares in Melrose Industries (MRON.L) tumbled 6.8 percent after a trading update, while Aggreko (AGGK.L)
slumped 10.7 percent as its third-quarter results were hit by discounts
it made to win a contract in Argentina earlier this year. Shares in SIG (SHI.L), a construction materials supplier, were the biggest gainers, up 8.9 percent after a trading update.
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