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FTSE consolidates its early advance by lunch on Covid optimism | 6 April 2021


6 April 2021 | 12:06pm
StockMarketWire.com - The FTSE 100 held on to its early gains to trade up 1.2% to 6,820.37 by midday on Tuesday. Hopes for a recovery from Covid, boosted by strong economic data from the US and China over the Easter weekend, helped lift travel and resources stocks.
Oil major BP gained 3.3% to 299.4p after it said it was on track to reach its $35 billion net debt target in the first quarter of its financial year.
Disposal proceeds in 2021 were forecast to be at the top end of BP s previously announced $4‑to-$6 billion range, the company said.
Home repairs and improvements business HomeServe fell 1.5% to £11.94 on guiding for annual adjusted pre-tax profit to rise to around £191 million in line with consensus expectations. ....

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Top Wizz Air shareholder to sell up to 400 million pounds worth of stock


By Reuters Staff
2 Min Read
FILE PHOTO: A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew Boyers/File Photo
(Reuters) - Wizz Air’s largest shareholder, Indigo Partners LLC, is planning to sell up to 400 million pounds ($555.56 million) worth of shares in the Hungarian low-cost airline, Barclays Bank said on Monday.
Private Equity firm Indigo Partners owns 15 million shares, or a 17.5% stake, in Wizz Air as of Monday, said the bank, which is acting as the global coordinator on the deal.
Based on the last closing price of Wizz Air shares, Indigo Partners’ stake in the airline amounts to about 825 million pounds. ....

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Travel, Tourism & Hospitality Wizz Air Abu Dhabi launches two routes to Kazakhstan


March 2021
512
Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021.
With this, Wizz Air Abu Dhabi adds a further two routes to the already on sale thirteen routes.
The flight to Almaty will be operated two times per week on Mondays and Fridays, while Nur Sultan will be operated on Thursdays and Sundays, also two times per week.
The new routes present an affordable opportunity for travellers to explore exciting destinations, empowering visitors to immerse themselves in the culture of the gorgeous city of Almaty and discover the world’s youngest capital, Nur Sultan. Tickets are already on sale on wizzair.com and the airline’s mobile app, also available in Arabic, with fares starting at AED159 ($43.2). ....

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