From Morningstar: 2024-05-16 07:52:00

Stock prices in London opened lower on Thursday, with BT leading as EasyJet and Sage Group dragged down the FTSE 100 index. The FTSE 100 opened down 0.4% at 8,414.71, the FTSE 250 was up 0.2% at 20,809.93, and the AIM All-Share was up slightly at 791.81.

BT stock surged 8.9% after reporting revenue growth in full-year earnings and increasing its dividend. Revenue grew to £20.80 billion, while pretax profit fell to £1.19 billion. BT anticipates improved cash flow in the future and plans to focus on the UK market.

EasyJet’s CEO announced departure, as the airline reported revenue of £3.27 billion for the half-year, with a narrowed pretax loss of £347 million. The stock dropped 7.0%, but the company is on track to achieve its medium-term targets and remain focused on a record summer.

Sage Group shares declined by 10% despite reporting revenue growth in the first half of the year and increasing the dividend by 6.1%. Revenue rose to £1.15 billion, and pretax profit increased by 47%. The company projects full-year revenue growth in line with the first half.



Read more at Morningstar: BT Soars while EasyJet and Sage Drag FTSE 100 Down