easyJet, Vodafone and Cambian

“The FTSE 100 began the week in positive territory despite a fairly downbeat start in Asia, with markets reacting to Friday's US non-farm payroll data. Traders will also be looking for an insight into the state of the US economy when Federal Reserve chairman Janet Yellen speaks in Philadelphia later today,” says AJ Bell Investment Director Russ Mould.

“Low-cost airline easyJet passenger numbers rose by 5.7% in May despite the cancellation of 173 flights due to air traffic control strikes in France and bad weather conditions. easyJet’s figures are even more impressive on a rolling 12-month basis with passenger figures up 7.3% and the load factor increasing to 91.4% from 91.2%.

“Vodafone’s shares were up in early trading on plans to expand into Zambia. Vodafone will offer customers high speed 4G data services through a partnership with Afrimax, a leading 4G telecoms operator in sub-Saharan Africa. Vodafone and Afrimax have already partnered to launch 4G services in Uganda and the latest move underlines the pace of change as African phone companies broaden their internet offering.

“Cambian was a strong early riser as it begins to reap the benefits from its remedial action programme. The behavioural health services provider set itself some ambitious targets last year and subsequently had to revise its forecasts. The second half was particularly disappointing and Cambian took action to improve performance and bring costs and capital expenditure in line with revenue. Its shares were up by over 4% in early trading.”

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