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April 7, 2015

Wednesday's agenda: easyJet flying high

Wednesday sees low-cost airline easyJet release its March passenger statistics and recruitment firm Robert Walters issue a trading statement.

easyJet recently revised its outlook for capacity growth upwards so it is probable that March was a good month.

Robert Walters put in a flying finish to 2014 so focus will be on whether the momentum has continued into 2015.

Continued uncertainty in the Eurozone remains a concern for the group.

Shares in Amerisur Resources took a bashing last week when the company’s proven reserves were downgraded from 19.8mln barrels to 16.2mln, while proved plus probable reserves went down from 32.8ml barrels to 24.5mln.

Sheridan Admans at The Share Centre is a fan of the shares and notes that Amerisur’s production levels are rising.

“Production levels have been in line with targets so we await to hear of the average prices received and the success of hedging strategies, along with whether they have managed to contain costs,” he said.

The market is expecting the company to announce pre-tax profits of £58.9mln on revenue of £132.1mln.

Significant announcements expected Finals: Amerisur Resources (LON:AMER)

Trading statements: easyJet (LON:EZJ), Robert Walters (LON:RWA), WSP Group (LON:WSH)

Economic: EU - Markit Eurozone retail PMI, Eurozone retail sales. US - MBA mortgage applications; FOMC March meeting minutes released @MasterMetals MasterMetals Blog

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