FTSE-250 listed miner Hochschild published its production report for the full year this morning and despite this coming with a raft of good news, where a strong Q4 has left the company on course to meet expectations, the stock plummeted. Analyst downgrades appear to be the catalyst here however with concerns over rising costs going forward being noted. Having been on a strong run over the last two and a half years, the Hochschild Mining share price is down 16% in early trade on Wednesday.
Demand for holiday bookings helped cut losses in half for the October-December quarter at easyJet, historically one of the toughest seasons for the airline industry. However, this detail in today’s trading update did little to appease shareholders, at least some of whom were quick to dump stock this morning, leaving the company at the foot of the FTSE-100 as a result. Concern over the broader macroeconomic environment both in the UK and further across Europe do however appear to be causes for concern, and left the easyJet share price down 4% before 9am.
Financial Adviser and Wealth Manager Quilter also updated the market this morning with a Q4 trading statement. This showed a sharp increase in net inflows against the same period a year ago, which management attribute to strategic initiatives deployed of late. Most notably the strong performance over the budget period was also highlighted as underlining the strength of the client base. The Quilter share price was up more than 5% shortly after the open although handed back some of those gains in early trade.
Most read news on Investegate this morning
Trading Update for quarter ended 31 December 2024 - - easyJet (EZJ)
Trading Update Announcement - - Wetherspoon (J.D.) (JDW)
Preliminary Log, Core and Cuttings Analysis - - Pantheon Resources (PANR)
