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FTSE 00 Live 27 November: easyJet profits jump, Just Eat Takeaway quits LSE


//business-finance.news-articles.net/content/202 .. et-profits-jump-just-eat-takeaway-quits-lse.html
Published in Business and Finance on by Bill Williamson   Print publication without navigation

Leading US benchmarks last night set fresh records, with the S&P 500 closing up 0.6% to 6021.63 and the Dow Jones Industrial Average 0.3% higher. The gains came in a session when minutes of the Federal Reserve's November meeting showed confidence that inflation is on track for the bank's 2% target.

The article from the Evening Standard discusses several key business updates from November 27, 2023. EasyJet reported a significant profit increase for the year, with pre-tax profits soaring to £455 million from a previous year's loss, driven by strong summer demand and a robust winter booking outlook. Pets at Home also shared positive trading news, with like-for-like retail revenue up by 8.3% and vet group revenue increasing by 16.3%, although they noted a slight decrease in consumer spending on discretionary items. Aston Martin announced a £210 million fundraising effort to bolster its balance sheet, aiming to reduce debt and fund new product development. Additionally, the FTSE 100 was expected to open higher, influenced by positive movements in US markets, which had hit record highs. The article also touches on market reshuffles, with companies like Entain and Flutter Entertainment experiencing significant share price movements due to various corporate developments.

Read the Full London Evening Standard Article at [ https://www.standard.co.uk/business/ftse-100-live-27-november-easyjet-results-pets-at-home-trading-aston-martin-fundraising-market-reshuffle-us-markets-record-b1196516.html ]

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