Premarket London: Wizz Air Raises Profit Guidance

By Pauline Thomas

Investing.com – Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Wednesday 29 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares from , and .

• Wizz Air (LON:) raised its profit guidance for 2020 as a result of strong passenger growth in the three months to December.
• The discount airline raised its guidance to between €350 and €355 million, up from €335 to €350 million.
• The Central and Eastern European carrier said passenger numbers in the third quarter were up 23%, while total revenue was up 25% to €637 million.
• “As previously announced at our H1 results, Wizz Air has reinvested some of its outperformance of the first half in the third quarter, and will grow even faster in the fourth quarter, delivering an industry leading growth rate of 24%.” said CEO József Váradi.

• Asset manager Brewin Dolphin said Chief Executive David Nichol is to retire in June 2020. He’ll be replaced by Robin Beer, who runs the company’s intermediaries and digital business.
• The company said income grew 15% in the three months to December to 89.6 million pounds, including 4 million pounds from recent acquisitions.

• Asset manager Brewin Dolphin said Chief Executive David Nichol is to retire in June 2020. He’ll be replaced by Robin Beer, who runs the company’s intermediaries and digital business.
• The company said income grew 15% in the three months to December to 89.6 million pounds, including 4 million pounds from recent acquisitions.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.