Famous five of business this week (October 11-15)

Monday – October 11

1.      Barclays Plc (LON: BARC)

Barclays announced the opening of a new campus site in Tradeston, Glasgow. The new site includes a workspace and a street food market, as the company focuses on attracting the best of software engineering talent to the facility. The UK-based financial services provider increased its workforce in Glasgow by 90% over the last four years and plans to have around 5,000 staff at the new campus by 2023. The new site will house the company’s operations, technology, and functions teams. The company also operates similar sites in New Jersey, the US and Pune, India.

Tuesday – October 12

  1. EasyJet Plc (LON: EZJ)

EasyJet, a UK-based budget airline operator, announced that the company estimates a pre-tax loss in the range of £1.14 billion to £1.18 billion for 2021. The airline rejected an acquisition bid from WizzAir in September 2021. The company registered an increase in the number of passengers since the easing of the travel restrictions. However, the company’s international travel remained impacted as it managed to record only 32% of its pre-COVID level sales. With the recent ramping up of its business operations, EasyJet’s losses reduced by 50% over the summer compared to the same period in 2020.

Wednesday – October 13

  1. Just Eat Takeaway.com NV (LON: JET)

Just Eat Takeaway.com NV, an online food ordering and delivery service, registered a 25% year-on-year increase in orders and recorded 266 million takeaways in Q3 2021. However, this was below the expectations of the analysts who had forecast the company’s orders to grow. During the quarter, the company surpassed the 1 billion orders milestone since its establishment. Its gross transaction value stood at €6.8 billion in Q3 2021, an increase of 23% compared to the same period of 2020.

Thursday – October 14

  1. National Express Group Plc (LON: NEX)

National Express, an intercity and inter-regional coach operator, revealed that its practice of purchasing fuel before time aided the company dodge the impact of the recent shortages in the UK. The company arranged the fuel reserves it needs until 2023 and thus managed to lower the impact of the recent upward trend in prices. The company’s long-term focus areas include cost management and procurement and fuel hedging programmes that are expected to shield the business from inflationary risks. In Q3, National Express’ revenue was only 17% below 2019 levels, which was 24% in Q2.

Friday – October 15

5.      Loungers Plc (LON: LGRS)

Loungers, an AIM -listed café and bar operator in the UK, registered high demand post-lockdown. The company reported sales higher than pre-pandemic figures. It currently operates through 181 sites and plans to open 10 additional sites over the coming months. Loungers is focusing on the current challenges confronting the hospitality sector. The sector was allowed to reopen from lockdowns in April, with indoor trading commencing in May. For the 20 weeks ended 3 October 2021, Loungers reported 26.6% higher sales than the 20 May to 6 October 2019 period.

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